Bitcoin price is up today as institutional investor inflows and increased trading volumes restore BTC’s bullish momentum. Bitcoin (BTC) price is up today, topping $42,866 after dipping as low as $40,300 over the weekend. The rally highlights traders’ continued bullish bias for Bitcoin, which produced the best November performance since 2020 and remains on a bullish trajectory in December. The…
The new project may eventually allow users to restore their accounts using a simple fingerprint or facial scan, developers stated. Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a December 12 announcement. The new wallet will allow users to generate a set of…
NFT platform Enjin migrated 200 million NFTs from Ethereum and a sidechain to its blockchain network. In this week’s newsletter, read about how nonfungible token (NFT) trading volume neared $1 billion in November, and check out new NFT releases from former United States President Donald Trump, FIFA and heavy metal band Megadeth. In other news, find out why NFT platform…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Coinbase introduces spot trading for users outside US. Meanwhile, the OKX decentralized exchange (DEX) suffered an exploit resulting in a loss of around $2.7 million in cryptocurrencies after a proxy admin upgraded…
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year. Crypto companies and institutions holding crypto assets have gotten some good news about accounting practices. They will be able to record the value of their crypto more realistically under rule changes in the United States. The Financial Accounting Standards…
Bitcoin and altcoins are trying to find support at lower levels, indicating that the sentiment remains positive, and that traders are buying the dips. Bitcoin (BTC) has failed to rebound sharply following the fall on Dec. 11, suggesting selling pressure on relief rallies. Glassnode data shows that short-term holders (STHs), entities holding Bitcoin for 155 days or less, sent $1.93…
Memecoins are a gamble — and they’re almost always scams. What motivates crypto buyers to continue losing their money for bad reasons? In 2013, the launch of a dog-themed crypto token as a private joke between a couple of software developers was a harmless piece of fun. The fact that Dogecoin (DOGE) has since amassed a market capitalization greater than $13…
Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. Developers of the blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible token (NFT) features due to rampant cheating. According to the Dec. 13 announcement, while developers continue to build Immortal Game as an online chess hub and may incorporate further decentralized…
The amount allocated is down from a budget of $40 million in 2023. Swiss-based Interchain Foundation (ICF), the core developer behind cross-chain communications protocol Cosmos, will allocate $26.4 million for maintaining the said ecosystem next year. According to a December 13 announcement seen by Cointelegraph, the ICF 2024 roadmap “prioritizes funding for the Interchain Stack’s optimal functionality.” Out of the…
