The total crypto market capitalization has reclaimed the $2 trillion level for the first time since April 2022 as positive market sentiment and consistent inflows into spot Bitcoin exchange-traded funds (ETFs) pushed BTC’s price higher. A rally in Bitcoin’s price brought the world’s largest cryptocurrency by market cap to a multiyear high of $57,513, while Ether enjoyed…
MicroStrategy shares are a “buy” with a price target of $990 as the Bitcoin -buying software firm is primed for major windfalls from institutional demand and April’s halving event, says investment banker Benchmark. In a Feb. 27 research report, Benchmark senior analyst Mark Palmer wrote that MicroStrategy (MSTR) offered investors a “timely play” on the…
Ethereum’s native cryptocurrency, Ether, has gained over 20% against Bitcoin since Feb. 12. This notable surge has occurred primarily due to anticipations surrounding the potential approval of a spot Ether exchange-traded fund (ETF) in the United States by May of this year. However, the widely-tracked ETH/BTC pair has reached a historical inflection point that could boost its correction…
The Saudi Arabian Ministry of Culture launched a metaverse dedicated to showcasing and preserving the nation’s cultural heritage on the occasion of its founding day. The Saudi government’s Cultural Universe metaverse initiative, which takes a user through the long history of Saudi Arabia dating back to 1727, went live on Feb. 22. The metaverse was built…
Ethereum has its limitations. It was clear from the beginning that the existing technology would be unable to handle large volumes of transactions. With its increasing use cases across and critical importance to various sectors, implementing innovative solutions to scale the network is imperative. The Dencun upgrade — scheduled to occur on March 13 — is a step…
Decentralized blockchain platform Aleo has revealed some users’ information on Feb. 25, according to reports on the X (formerly Twitter). The platform focuses on zero-knowledge (zk) cryptography and uses a third-party protocol for Know Your Customer (KYC). A pseudonymous user named @0xemirsoyturk said Aleo mistakenly sent KYC documents to his email. These documents included selfies and ID card…
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