June 2024

The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic Report for 2024, the BIS emphasized that the widespread adoption of AI could affect inflation trends and urged […]

A top trader has issued a warning about a popular Solana (SOL)-based Dogecoin (DOGE) rival, saying that the memecoin has more downside potential. In a video posted to the social media platform X, the pseudonymous analyst known as Bluntz tells his 263,200 followers that technical metrics indicate the meme token dogwifhat (WIF) could endure more […]

On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. […]

Toncoin is probably the biggest dark horse the cryptocurrency market has ever seen. The asset has shown enormous growth since the beginning of the year and still maintains an unbreakable uptrend despite Bitcoin’s drop below $58,000. Toncoin has increased steadily since the beginning of 2024. The cryptocurrency has drawn attention from the market due to […]

Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst […]

After a rough start to the week, Tuesday brought a modest rebound across the crypto market, with nearly every single token in the top 100 coins by market cap seeing gains over the prior day. But the upward bump has triggered over $92 million in liquidations in the past 24 hours—$62 million in short positions, […]

SEC chair Gary Gensler reaffirmed previous criticisms of the crypto industry, stating that the sector is highly centralized with “significant non-compliance” in a Bloomberg interview on June 25. He downplayed decentralization in the sector, stating that a few platforms are “centralizing and in jail or awaiting jail, adding: “I say this and you giggle…but this […]

The Solana Foundation recently launched two new tools to facilitate the integration of Web3 capabilities into mainstream platforms and the adoption of blockchain. In a series of social media posts, the foundation launched “Actions” and “Blockchain Links” (Blinks), which, according to the announcement, is a step forward in allowing developers to build blockchain functionality into […]

Greenfinch, a decentralized storage solution that utilizes the Neo blockchain and NeoFS, will be known going forward as Cassette. The co-founders cite inspiration from the ethos of the cypherpunks, emphasizing privacy, anonymity, and security, which influenced decentralized technology like blockchain and distributed storage networks. The new brand reflects this spirit, building on the sharing of […]

Neo-fairy-test is a set of tools designed to enhance the testing and debugging experience of Neo N3 smart contracts. Maintained by Neo blockchain developer Hecate2 and packaged as a plugin for NeoCLI, the solution allows developers to test transactions and smart contracts against real world network state. Fairy operations The test environment delivers a significantly […]

In a recent interview with The Block’s Director of Special Projects, Frank Chaparro, for episode 38 of The Scoop podcast, Ripple President Monica Long shared her thoughts on the current state and future of Ripple, crypto regulations, and blockchain technology. The conversation covered a wide range of topics, including Ripple’s ongoing legal battles, the expansion […]

1 Ethereum (ETH) price witnessed a falling wedge pattern on the charts. 2 The ETH price retested its most important 100-day EMA mark yesterday. The second largest cryptocurrency, Ethereum (ETH), traded in the bearish wave and continued to erode gains for the past few trading sessions. Since the end of May 2024, the sentiments in […]

Securities and Exchange Commission (SEC) Chair Gary Gensler on Tuesday refused to comment on the upcoming U.S. presidential election or crypto’s potential impact on it. “I don’t speak about elections,” he said while speaking at the Bloomberg Invest Summit, when asked about the intersection of cryptocurrency and politics. He was addressing questions about former President […]

Moody’s Analytics Chief Economist Mark Zandi, in his latest interview with Bloomberg Television, expressed his belief that the FED should start reducing interest rates due to the slowing economy. Zandi pointed out that GDP growth, which was 2.5% last year, was 1.5% on an annual basis in the first half of the year. This is […]

Ahead of the general election, more than a third of young adults believe the growth of the “crypto” sector should be a key consideration for politicians, with four in ten considering it vital for the U.K.’s economic growth prospects. Amidst growing adoption, a similar figure (32%) say they have concerns about the sector’s future prospects […]

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what we unpack in today’s edition: Why inflation is the wrong […]

Bitcoin faces significant challenges. Currently in its third worst week of the year, BTC is down over 4.5%. Despite this decline, BTC has increased by 38% year-to-date. However, recent market trends in June showed signs of capitulation similar to the decline observed in early May. Fred Thiel, CEO of Marathon Digital Holdings (MARA), gave information […]

Bitcoin (BTC) is at risk of witnessing more corrections as it is on the verge of hitting a “top-heavy” zone, says a popular on-chain analyst. The pseudonymous crypto trader known as Checkmate tells his 94,500 followers on the social media platform X that top-heavy zones happen when “too many people buy too many coins at […]

On the rollercoaster ride that’s Bitcoin’s price, crypto-market participants may be wondering if the latest dip was stomach-churning enough, as the asset ratchets back up to $62,000. Bitcoin saw some relief on Tuesday, following an especially precipitous day. But the asset has mostly tumbled throughout the month of June. Swooping down from $71,000 amid a […]

Some executives of 360, China’s largest security company, were sentenced to three years in prison and their probation periods were extended. The charges included exploiting the Yapi remote code execution vulnerability to gain unauthorized access to a cryptocurrency website and, surprisingly, stealing the 3015.9 Dash (DASH) altcoin. The detailed scheme was revealed between February 9-20, […]