BlockDAG Enters Batch 3 With $4.4M Raised in Presale, Ethereum Price Surges while Cronos Follows Suit
Cryptopolitan (RSS)
BlockDAG presale’s groundbreaking venture into the blockchain sphere has swiftly moved into its third presale batch, having already garnered a staggering $4.4 million from its initial offerings. This financial triumph underscores the market’s strong faith in BlockDAG’s innovative fusion of Proof-of-Work consensus and Directed Acyclic Graph technology, promising a new horizon in blockchain efficiency and scalability. Meanwhile, the broader cryptocurrency landscape is witnessing significant movements, with Ethereum’s price experiencing a notable surge, signalling a buoyant market sentiment. In parallel, Cronos is making its ascent, closely mirroring Ethereum’s upward trajectory. This dynamic period marks a pivotal chapter in the digital currency domain, highlighting the relentless pursuit of technological advancement and financi...
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Cryptopolitan (RSS)
BlockDAG presale’s groundbreaking venture into the blockchain sphere has swiftly moved into its third presale batch, having already garnered a staggering $4.4 million from its initial offerings. This financial triumph underscores the market’s strong faith in BlockDAG’s innovative fusion of Proof-of-Work consensus and Directed Acyclic Graph technology, promising a new horizon in blockchain efficiency and scalability. Meanwhile, the broader cryptocurrency landscape is witnessing significant movements, with Ethereum’s price experiencing a notable surge, signalling a buoyant market sentiment. In parallel, Cronos is making its ascent, closely mirroring Ethereum’s upward trajectory. This dynamic period marks a pivotal chapter in the digital currency domain, highlighting the relentless pursuit of technological advancement and financi...
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Is Bitcoin’s bull run over? ETF inflows drop, prices slide
Cryptopolitan (RSS)
Bitcoin Exchange-Traded Fund (ETF) inflows witnessed a staggering decline of 80.6% within 24 hours, marking a substantial shift in investor sentiment towards the cryptocurrency. The drop was reported by a cryptocurrency analytics platform, highlighting a net inflow of $133 million into Bitcoin ETFs. This sharp decrease comes after a record-breaking inflow of $1.05 billion just two days prior.
Impact on Bitcoin price
The decline in ETF inflows has a direct correlation with the movement of Bitcoin prices. Following the drop in inflows, Bitcoin’s price experienced a notable reversal, slipping below the $67,000 mark.
Cryptopolitan (RSS)
Bitcoin Exchange-Traded Fund (ETF) inflows witnessed a staggering decline of 80.6% within 24 hours, marking a substantial shift in investor sentiment towards the cryptocurrency. The drop was reported by a cryptocurrency analytics platform, highlighting a net inflow of $133 million into Bitcoin ETFs. This sharp decrease comes after a record-breaking inflow of $1.05 billion just two days prior.
Impact on Bitcoin price
The decline in ETF inflows has a direct correlation with the movement of Bitcoin prices. Following the drop in inflows, Bitcoin’s price experienced a notable reversal, slipping below the $67,000 mark.
Chainlink’s CCIP revenue jumps 180% amid growing adoption
Cryptopolitan (RSS)
Chainlink’s Cross Chain Interoperability Protocol (CCIP) has experienced a substantial revenue increase of 180% over the past two months, demonstrating a significant uptick in its adoption. According to data from Dune Analytics, CCIP’s fee revenue jumped from around $61,000 in January to more than $171,000 in the first half of March. This growth brought the total cumulative revenue of the protocol, launched in July 2023, to $377,724.
The CCIP has been designed to allow smart contracts to securely access data from any external API or system, facilitating seamless data connectivity between blockchains and off-chain systems. This protocol operates through Chainlink’s decentralized oracle network, aiming to enhance interoperability across the blockchain ecosystem.
Network fees in CCIP \ Source: Dune Analytics
Key Contributors and Revenue Sources
Ethereum’s layer-2 protocol, Arbitrum, has been identi...
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Cryptopolitan (RSS)
Chainlink’s Cross Chain Interoperability Protocol (CCIP) has experienced a substantial revenue increase of 180% over the past two months, demonstrating a significant uptick in its adoption. According to data from Dune Analytics, CCIP’s fee revenue jumped from around $61,000 in January to more than $171,000 in the first half of March. This growth brought the total cumulative revenue of the protocol, launched in July 2023, to $377,724.
The CCIP has been designed to allow smart contracts to securely access data from any external API or system, facilitating seamless data connectivity between blockchains and off-chain systems. This protocol operates through Chainlink’s decentralized oracle network, aiming to enhance interoperability across the blockchain ecosystem.
Network fees in CCIP \ Source: Dune Analytics
Key Contributors and Revenue Sources
Ethereum’s layer-2 protocol, Arbitrum, has been identi...
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Bitcoin mining difficulty hits all-time high as BTC price tumbles
Cryptopolitan (RSS)
On March 14, the cryptocurrency market watched as Bitcoin mining difficulty skyrocketed to an unprecedented 83.95 trillion hashes. This shows that miners are getting more and more competitive as they try to solve the hard puzzles that keep the Bitcoin network running. And guess what? This happened right when Bitcoin’s price decided to play its own game of snakes and ladders, soaring to an all-time high before taking a nosedive that has got investors feeling not-so-peachy right now.
The Never-ending Battle of Hashes and Cash
Let’s be for real. Mining Bitcoin has never been for the weak. It’s a battle of wits, energy, and who has the most advanced piece of machinery on the block. So the recent surge to 83.95 trillion hashes from February’s 79.35 trillion is a clear sign that the arena ...
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Cryptopolitan (RSS)
On March 14, the cryptocurrency market watched as Bitcoin mining difficulty skyrocketed to an unprecedented 83.95 trillion hashes. This shows that miners are getting more and more competitive as they try to solve the hard puzzles that keep the Bitcoin network running. And guess what? This happened right when Bitcoin’s price decided to play its own game of snakes and ladders, soaring to an all-time high before taking a nosedive that has got investors feeling not-so-peachy right now.
The Never-ending Battle of Hashes and Cash
Let’s be for real. Mining Bitcoin has never been for the weak. It’s a battle of wits, energy, and who has the most advanced piece of machinery on the block. So the recent surge to 83.95 trillion hashes from February’s 79.35 trillion is a clear sign that the arena ...
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NFT Train Ticket Options Winning Over Tech Enthusiasts In India
CoinGape (RSS)
On the auspicious occasion of the Holi, the Indian Railways System has approached a unique celebration plan. The traveler will travel with a customized NFT Train ticket instead of the regular tickets. So, what’s happening? Let’s discuss that in this blog.
Indian Railways NFT Train Ticket
Indian Railway Catering and Tourism Corporation (IRTC) recently, on 13 March, announced a unique Non-Fungible Token (NFT) based ticket option where travellers will experience the heritage of two of India’s most popular cities. On the special occasion of Holi, the Indian Railways System has allocated NFT train tickets for two Tejas trains running between Delhi and Lukhnow.
Also Read: Ethereum Dencun Upgrade: Everything You Need To Know
The user will have access...
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CoinGape (RSS)
On the auspicious occasion of the Holi, the Indian Railways System has approached a unique celebration plan. The traveler will travel with a customized NFT Train ticket instead of the regular tickets. So, what’s happening? Let’s discuss that in this blog.
Indian Railways NFT Train Ticket
Indian Railway Catering and Tourism Corporation (IRTC) recently, on 13 March, announced a unique Non-Fungible Token (NFT) based ticket option where travellers will experience the heritage of two of India’s most popular cities. On the special occasion of Holi, the Indian Railways System has allocated NFT train tickets for two Tejas trains running between Delhi and Lukhnow.
Also Read: Ethereum Dencun Upgrade: Everything You Need To Know
The user will have access...
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Bitcoin Price is Crashing. What’s Going On?
CoinGape (RSS)
The cryptocurrency market is experiencing a decline as the global market cap has dropped by 5.96% in the past day. The price of Ethereum decreased by 6.65% and is now trading under $4000, as BNB, Dogecoin, and Shiba Inu (SHIB) also experienced significant drops in their prices. The market crash is partially due to the impact of the Bitcoin price, which dropped by 8.7% from its record high of $73,750.07 just one day earlier. Bitcoin price is currently at $67,671.56, marking a 7.18% decrease in the last 24 hours. Let’s dig deeper to uncover what’s going on.
Reasons Behind the Decline of Bitcoin Price
Several factors pushed down BTC prices.
1. Higher-Than-Expected PPI Inflation Data
The decline in Bitcoin prices is attributed to the higher-than-expected inflation, ...
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CoinGape (RSS)
The cryptocurrency market is experiencing a decline as the global market cap has dropped by 5.96% in the past day. The price of Ethereum decreased by 6.65% and is now trading under $4000, as BNB, Dogecoin, and Shiba Inu (SHIB) also experienced significant drops in their prices. The market crash is partially due to the impact of the Bitcoin price, which dropped by 8.7% from its record high of $73,750.07 just one day earlier. Bitcoin price is currently at $67,671.56, marking a 7.18% decrease in the last 24 hours. Let’s dig deeper to uncover what’s going on.
Reasons Behind the Decline of Bitcoin Price
Several factors pushed down BTC prices.
1. Higher-Than-Expected PPI Inflation Data
The decline in Bitcoin prices is attributed to the higher-than-expected inflation, ...
View original post
Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today
CoinGape (RSS)
Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell.
Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving.
Reasons Why Bitcoin and Altcoins Crashed
1. Friday’s Options Expiry
The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry.
Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pa...
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CoinGape (RSS)
Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell.
Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving.
Reasons Why Bitcoin and Altcoins Crashed
1. Friday’s Options Expiry
The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry.
Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pa...
View original post
OpenAI’s AI Chip Venture To Secure Funding From Abu Dhabi’s MGX
CoinGape (RSS)
Amid the global dash for AI supremacy witnessed recently, an intriguing investment venture orbiting the world’s most prominent generative AI services offering company, OpenAI, appears to be garnering noteworthy interest among industry prominencies globally. According to a report, MGX, Abu Dhabi’s state-backed investment firm, recently went into the initial stages of discussions with OpenAI, eyeing injecting funds into Sam Altman’s firm’s AI chip venture.
MGX, a tech investment firm, made its debut earlier this week with founding members Mubadala (Abu Dhabi) and G42. With the aforementioned investment plans coming into play promptly following the firm’s inception, the entity marks a pivotal move aligning with its staging as a technology investment firm, curating ripples across the AI landscape.
UAE Eyeing Emerging As The AI Hub?
In an excit...
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CoinGape (RSS)
Amid the global dash for AI supremacy witnessed recently, an intriguing investment venture orbiting the world’s most prominent generative AI services offering company, OpenAI, appears to be garnering noteworthy interest among industry prominencies globally. According to a report, MGX, Abu Dhabi’s state-backed investment firm, recently went into the initial stages of discussions with OpenAI, eyeing injecting funds into Sam Altman’s firm’s AI chip venture.
MGX, a tech investment firm, made its debut earlier this week with founding members Mubadala (Abu Dhabi) and G42. With the aforementioned investment plans coming into play promptly following the firm’s inception, the entity marks a pivotal move aligning with its staging as a technology investment firm, curating ripples across the AI landscape.
UAE Eyeing Emerging As The AI Hub?
In an excit...
View original post
OpenAI semiconductor chip plans entice UAE investors: Report
Cointelegraph.com News (RSS)
A potential UAE investment in OpenAI's plans to create in-house semiconductor chips is on the horizon, indicating growing interest in AI ventures from investors in the region.
Cointelegraph.com News (RSS)
A potential UAE investment in OpenAI's plans to create in-house semiconductor chips is on the horizon, indicating growing interest in AI ventures from investors in the region.
Binance cuts ties with venture capital arm
Cointelegraph.com News (RSS)
Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.
Cointelegraph.com News (RSS)
Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.
Ethereum ecosystem needs a major mindset shift for global impact, says Vitalik Buterin
Cointelegraph.com News (RSS)
Ethereum takes a significant step towards a layer-2 centric future after the Dencun hard fork, leading Vitalik Buterin to call for a shift in mentality.
Cointelegraph.com News (RSS)
Ethereum takes a significant step towards a layer-2 centric future after the Dencun hard fork, leading Vitalik Buterin to call for a shift in mentality.
EU Commission queries Big Tech on AI risks to electoral integrity
Cointelegraph.com News (RSS)
The Commission is empowered to levy fines for inaccuracies, incompleteness, or misinformation provided in response to information requests.
Cointelegraph.com News (RSS)
The Commission is empowered to levy fines for inaccuracies, incompleteness, or misinformation provided in response to information requests.