Author: CoinVira
Ethereum (ETH) creator Vitalik Buterin recently announced that starting next year, he will only publicly mention layer-2 projects that he believes are on track towards achieving optimal decentralization. In a tweet addressed to his 5.4 million followers on the social media platform X, Buterin stated his intentions for 2025, indicating that he will only highlight L2 projects that are in “stage 1” or above, as outlined in a previous blog post discussing the various phases of decentralization. The blog post titled “Proposed milestones for rollups taking off training wheels,” published in November 2022, categorized L2 projects as being in stage…
Bitcoin Price Surges by 2.20% in One Day, Reaches $59,976 The price of Bitcoin has experienced a significant jump of 2.20% in the past day, reaching a high of $59,976 today. This surge in price has been accompanied by a trading volume of $30.856 Billion, indicating increased bullish activity in the market. The sudden increase in Bitcoin’s price has sparked curiosity among investors and analysts. Speculations suggest that factors such as heightened whale and institutional activities, as well as the upcoming FOMC meeting, may have contributed to this price surge. To provide insight into the current market sentiments and potential…
Worldcoin recently made an exciting announcement regarding the expansion of its World ID feature to the Solana blockchain through the Wormhole interoperability platform. This development comes as a result of a grant from the Worldcoin Foundation, which facilitated the integration of World ID with Solana. However, the feature is not yet active, as its smart contracts are currently undergoing a security audit, which is expected to be completed in the upcoming weeks. Following the news, the price of WLD experienced a 10% surge, reaching $1.61 before retracing back to around $1.51 at the time of writing, based on data from…
VeChain has recently shown signs of a bullish breakout, with the token trading at $0.02225 as of press time, marking a 2.14% increase in the last 24 hours. The potential for VeChain to break through the key resistance level of $0.05 has garnered significant attention from market participants, as it could pave the way for further price appreciation. With a 24-hour trading volume of $18.85 million and Open Interest growing by 3.48%, there is a sense of optimism surrounding VeChain’s price action. Traders are closely monitoring whether VET can double in value, making the $0.05 resistance level a crucial focal…
DePIN platform peaq has recently made significant strides in enterprise adoption of Web3 technologies by adding major European enterprises and research institutions to its genesis node pool. This move highlights a growing interest in DePIN, which aims to connect real-world services with blockchain technologies. The integration of organizations such as Bertelsmann Investments, Deutsche Telekom, Lufthansa Innovation Hub, and the Technical University of Munich into peaq’s ecosystem brings a wealth of experience and resources, with combined holdings exceeding $170 billion. peaq has been actively developing its ecosystem and forming partnerships to bridge the gap between Web3 and real-world applications. In a…
A well-known crypto analyst is feeling optimistic about Bitcoin (BTC) as the leading digital asset surpasses the $59,000 mark. Kaleo, a pseudonymous analyst with a large following on X, predicts that Bitcoin could see a significant increase of over 9% in value within the next week. In a recent post on X, Kaleo shared his insights with his followers, indicating that he believes Bitcoin is poised for further gains. The analyst pointed out that Bitcoin has broken out of a downward trend line and could consolidate in the $58,000 to $60,000 range before making a move towards $65,000 by September…
Cryptocurrency enthusiasts are eagerly eyeing three standout projects as we enter the month of September. Solana (SOL), Internet Computer (ICP), and Mpeppe (MPEPE) Casino are garnering attention from savvy investors for their unique offerings in the digital asset space. Each of these cryptocurrencies brings something special to the table, whether it’s decentralized finance solutions, innovative online gaming platforms, or cutting-edge blockchain technology. Let’s take a closer look at why holding these three tokens could be a smart move as we navigate the exciting opportunities that September has in store for the crypto market. Solana (SOL): The DeFi Powerhouse with Speed…
Analyst Predicts Crypto Market Rebound with Bitcoin Breakout Analyst beliefs point towards a positive turn in the crypto market once Bitcoin experiences a significant breakout. Altcoins are also expected to benefit greatly from this anticipated event. The global cryptocurrency market has been on a rollercoaster ride in recent weeks, with fluctuations in both gains and losses. From reaching a peak of $2.7 trillion in March, the market has struggled to maintain its upward momentum, facing challenges amidst a broader downtrend. Currently, the global crypto market cap has dipped by 1.4% to $2.122 trillion, after briefly rising to $2.140 trillion earlier…
The recent House hearing on DeFi showcased the deep divide among lawmakers on how to approach regulating decentralized finance platforms. Democrats, led by Rep. Maxine Waters, pushed for stricter regulations to protect consumers from scams and fraudulent activities in the largely unregulated DeFi space. Waters specifically pointed to a recent incident involving former President Donald Trump and his family promoting a DeFi project called World Liberty Financial, which resulted in the loss of $1.8 million from unsuspecting investors due to a fraudulent token scam. On the other hand, Republicans, spearheaded by Subcommittee Chair French Hill, advocated for a lighter regulatory…
The Central and Southern Asia and Oceania (CSAO) region has emerged as a significant player in the global crypto market, with $750 billion in crypto inflows between July 2023 and June 2024. This represents 16.6% of the global crypto value received, ranking the region behind only North America and Western Europe. India, in particular, has maintained its lead in crypto adoption within the CSAO region. Despite facing regulatory challenges such as a 30% capital gains tax and a 1% transaction tax, India saw inflows of over $157 billion during the specified period. The country’s crypto activity has persisted even amidst…