In the approaching week, large Bitcoin investors, referred to as whales, have been actively purchasing a significant amount of Bitcoin. This buying spree comes just before the fourth Bitcoin halving occurs, which reduces the reward for mining new Bitcoins by half to 3.125 BTC. The increased buying activity from these whales implies a positive outlook … Read more
Sam Bankman-Fried, the founder of FTX, submitted an appeal against his fraud and conspiracy conviction and imposed penalty just prior to the set time limit. After this action, the value of FTX’s native token, FTT, has risen by 15% according to CoinMarketCap’s figures. In November 2022, SBF faced legal action following his conviction on seven … Read more
This week, Polkadot (DOT) has been under pressure from bears, as pessimistic views have dominated the crypto market. Polkadot is experiencing a notable increase in the number of new users joining its platform at an accelerated rate. This uptick in user adoption might potentially boost the value of DOT and reverse its recent price decline, … Read more
In just over a week, the upcoming Bitcoin halving will occur, an event that significantly affects the economy centered around this cryptocurrency. Miners of Bitcoin stand to be affected by this development as their profits may decrease and the overall viability of Bitcoin mining could be put to the test. Furthermore, the survival of Layer … Read more
On April 11, 2024, marks the release of the initial Bitcoin software (version 0.1) by an anonymous individual or group, or an entity known as Satoshi Nakamoto, on SourceForge. This event also initiated the creation of the first block in the Blockchain network, referred to as the genesis block. The creator of Bitcoin, identified as … Read more