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As of November 2022, the BTC price was around $15,000 but by April 2023, the price had doubled to close to $30,000. The price rally spread across other cryptocurrencies including Ethereum (ETH). However, the recovery was short-lived as the coin has seen a slight recline in price in the past few weeks. advertisement   In recent times, there have been regulatory concerns in the United States that contributed to the collapse of crypto-friendly financial institutions like Signature Bank and Silvergate Bank. This has also impacted the prices of Bitcoin and other digital assets.  Looking at the brighter side, strategists at Wall Street giant JPMorgan Chase & Co led by Nikolaos Panigirtzoglou have predicted a bull case scenario for BTC but this imminent growth is hinged on the potential surge in the price of gold . These strategists are confident that Bitcoin could reach $45,000 if it is compared to Gold in private investors’ portfolios in risk capital or [volu

Santiment, the blockchain intelligence firm, recently tweeted the most noteworthy projects in terms of Github commits over the past month. Ethereum (ETH), Cardano (ADA), and ChainLink (LINK) made the list, but the top spot went to Kusama (KSM), boasting the highest development activity in the last 30 days. Projects with the most development activity (Source: Santiment) Taking the lead in May, KSM and Polkadot (DOT) both boasted an impressive 564.73 development commits, tying for the top spot. Following closely behind was ADA, securing the next position with 507.57 commits. In the middle of the pack, Hedera (HBAR), Decentraland (MANA), Status (SNT), and Cosmos (ATOM) showcased notable development activity. Surprisingly, Internet Computer (ICP) and Chainlink (LINK) claimed the eighth and ninth spots. Remarkably, Ethereum (ETH), the leading altcoin, landed at tenth place with a mere 281.23 commits. In related news, ETH’s price stood at $1,861.84 at press time according

Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation. On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.  Blockchain 4.0 is revolutionizing #Laos. It's driving financial inclusion, fostering transparency, and enhancing security in transactions. Smart contracts and decentralized finance are opening new avenues for growth. Truly, a game-changer for the nation's economy. #MetaBankLaos… pic.twitter.com/oyaAKzFNjk — MetaBank (@MetaBankSG) May 27, 2023 According to a report from Singaporean software company MetaBank, the main focus of the meeting revolved around expediting Laos’ digital transformation by lever

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC rises in the early hours of today, but got rejected as the market touches the low of $27,570. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,711 Bitcoin market cap – $536.4 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $33,000, $35,000, $37,000 Support Levels: $23,000, $21,000, $19,000 BTC/USD may begin to follow the bearish movement if the bears force the king coin to bow down to fresh losses. At the time of writing, the Bitcoin (BTC) is changing hands at $27,711 after adjusting from the resistance level of $28,433 which is an intraday high. Moreover, the Bitcoin price may be vulnerable to losses if the price crosses below the lower boundary of the channel. Bitcoin Price Prediction: Bitco

Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media. Patricia, a Nigerian platform for gift card and crypto trading, has encountered a security breach, prompting immediate measures to safeguard its users. As a precautionary step, the platform has temporarily suspended fund withdrawals. The company announced that it was a victim of a security breach that compromised its Bitcoin (BTC) and naira assets. In the message it sent to users, it said other cryptocurrencies and customer funds were unaffected by the breach. However, customers will be unable to withdraw funds from the platform as it is "undergoing internal restructuring." Although Patricia did not disclose the extent of asset compromise in the breach, it revealed that an individual among the syndicated group that perpetrated the breach has been identified with the help of law enforcement. It will continue to work with law enforcement and other partne

Join Our Telegram channel to stay up to date on breaking news coverage Recent developments in crypto, including the Terra and FTX collapse, have spurred regulators and government authorities to accelerate their efforts to oversee the industry. Several countries have realized the need for a comprehensive regulatory framework for the asset class, such as Norway , whose Central Bank has called for a nationally tailored crypto assets regulatory strategy. In its annual report , the Norges Bank suggested that the international regulation may be too slow and represent interests that don’t align with Norway’s. Norway Needs Specific Crypto Regulations To Support National Interests, Says Norges Bank The central bank of Norway released its Financial Infrastructural Report on May 25, 2023, asking relevant authorities to consider deploying a national strategy for the digital asset market. This suggestion follows the recently approved Markets in Crypto Assets (MiCA) for the European Uni

Join Our Telegram channel to stay up to date on breaking news coverage Ecoterra, an award-winning green Web3 project, is currently gaining a lot of interest with a presale that has already raised $4.3 million. The project has already won an award for contributing to a sustainable ecosystem during the Istanbul Blockchain Summit. Ecoterra presale surpasses $4 million Ecoterra is a brand-new initiative that utilizes an innovative Recycle-to-Earn (R2E) system. The project was established to promote recycling and encourage individuals and businesses to reduce their carbon footprint. The Ecoterra presale has raised roughly $4.3 million, indicating that investors are becoming more interested in the project. The current price of $0.0085 and the exchange listing price of $0.01 make it one of the best buy-now options available. We’ve reached a significant milestone 🎉🌍 ✨ $4.2 MILLION RAISED ✨ Let’s continue to make a positive impact together with $ECOTERRA 💪 Join the #Presale n

Binance Launches NFT Lending The trend of NFT lending is rapidly gaining popularity in the crypto space, offering users a new way to diversify their portfolios and maximize the potential of their digital investments. Currently, the NFT marketplace supports Ether (ETH) borrowing against flagship NFT s, including notable NFT collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. This diverse range of options provides users with flexibility in selecting collateral that suits their preferences and investment strategies. advertisement Read More: Do Kwon’s $473K Bail Scrapped, To Remain Behind Bars According to the official website, NFT loans on the Binance platform carry an interest rate of 7.91% per annum. The loan-to-value ratio offered ranges from 40% to 60%, ensuring a fair balance between collateral and borrowed funds. Notably, Binance exchange has waived gas fees for all transactions associated with the lending

Even though the token price has dropped a lot, the TVL of the MULTI system has stayed mostly the same at $1.6 billion. On May 24, the price of a token for the cross-chain router protocol Multichain (MULTI) dropped by 30% in just 24 hours. At the time of writing, the token was worth $4.97. Users said that their multi-chain funds hadn’t arrived because a backend node upgrade was “taking longer than expected.” This led to the selloff. In the Multichain Discord group, an administrator wrote: “Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. All affected transactions will arrive after the upgrade is complete. We sincerely apologize for the inconvenience caused.” Meanwhile, a wallet account associated to layer-1 blockchain firm Fantom Foundation deleted 449,740 MULTI ($2.4 million) from liquidity on decentralized exchange SushiSwap. It looks like rumors also played a role in the selloff. One person wrote in a

What are the top-five mistakes to look out for when launching an NFT collection? Here’s the answer and how to build a successful project with long-term value. Nonfungible tokens (NFTs) have grown rapidly, and today, are in a league of their own. This new asset class has much to offer and can empower creator economies, but it has to filter out toxic speculators first. Because of the rapid development of NFTs, many artists and creators have launched collections for the sake of generating rapid profits rather than providing long-term value to communities. Creators making their first steps into the NFT space should be aware of the common mi stake s when launching a collection . By addressing these issues, they can generate value with long-term impact. Here are the top five mi stake s to avoid : Lack of a clear plan and roadmap — a well-defined plan and roadmap are essential for the successful development of an NFT collection. Without a clear vision, the project may struggle to gain tract

This bold statement by the face of Ethereum boss is likely to cause SOL, the token utilized by the blockchain, to print some recovery in terms of its price and market value.  advertisement Solana is an advanced blockchain infrastructure that promotes scalability and accommodates Decentralized Applications (dApps), and associated tokens. Markedly, it leverages an algorithm known as Proof-of-History (PoH) together with the popular Proof-of-Stake (PoS) consensus mechanism to make transactions faster and more secure. With the PoH, the network can keep up with a verifiable timekeeping structure. Ethereum, on the other hand, has been a prominent pioneer in the blockchain ecosystem, also facilitating dApps, DeFi and smart contracts. However, it has an overbearing impediment – scalability. Its slower transaction speed and large volumes have translated to congestion of the network and outrageous gas fees. When it gets tougher, it leads to network outages. At this crucial

Amid the clampdown against crypto in several leading economies, Hong Kong leveraging this opportunity to increase its dominance as the city’s crypto hub initiative attracts global crypto exchanges and firms. advertisement Hong Kong Push Up Crypto Hub Plan By Enabling Crypto Retail Trading Hong Kong Securities and Futures Commission (SFC) is set to announce retail investors’ participation in crypto at a press conference on May 23. The authorities are looking to let retail investors trade only top cryptocurrencies as per new rules of the agency. Hong Kong takes a more progressive approach by introducing regulations and licenses for the crypto industry while China, the U.S., and other countries restrict crypto. The city plans to introduce a licensing regime for virtual asset firms in May, with retail access slated for June 1. Lennix Lai, CCO at crypto exchange OKX, said: Recommended Articles