Author: Faheem Riaz

The spot Ethereum ETF witnessed the first massive inflow of $34 million after bleeding for four consecutive days, since its launch. After 7 days of its launch, the asset encountered a flood of outflow led by Grayscale’s Ethereum Trust which made the asset lose its worth in the beginning trade. After the approval of the spot Ethereum ETF from the SEC, the asset became the center of attention for its possible demand and performance. Some expert’s analyses showed that the asset will not get as much attention as the Bitcoin ETF due to unclear narratives, demand, and media narratives. Katherine…

Former president of the United States Donald Trump’s pro crypto speech at the Bitcoin 2024 conference in Nashville, Tennessee didn’t attract big investors as some analysts predict it may have a temporary effect on the BTC price. In his speech, he revealed his plans for crypto to make the U.S. a dominant shareholder in BTC if re-elected for the Presidential seat. Before Trump started his speech, at that time BTC was trading at $68,626. In just 30 minutes the leading cryptocurrency gained $500 in its price, but after the speech started, it retreated to its price. At the time when…

MetaMask, launched as a browser extension in 2016 is considered one of the most interactive wallets for DeFi applications. It offers a wide variety of functions and is easy to use which is the base of its popularity. The wallet is available in extensions on Chrome, Internet Explorer, and other Internet browsers, however, in 2020 it got a face of mobile application for Android and IOS. While working as a crypto wallet, MetaMask also acts as an ID card and is capable of managing tax reporting for users. A public address is generated by the wallet to identify accounts in…

A new meme coin named Poodlana is set to launch on July 17, with a 30-day presale and an opening price of $0.02 per POODL token. It is based on the famous Asian dog breed and fashion accessories. After a major dip, cryptocurrencies are starting to regain momentum, and meme coins are joining the trend. Leading the pack is Poodlana, a meme coin that adds the charm of Asia’s hottest fashion accessory, the poodle, to the Solana network. After the successful journey of dog-themed tokens Dogecoin, and Shiba Inu, Now Poodlana is getting attention, especially in Asia, where Japan and…

When there were fewer Bitcoins for sale on trading platforms, large Bitcoin buyers rapidly acquired enough Bitcoins. Large Bitcoin purchasers preyed on the June 1 decline in price by buying 20,600 BTC together, which came in at $1.38 billion. According to CryptoQuant, a blockchain data analysis business, it was the largest day for large Bitcoin buyers since February 28. At that time, exchange-traded funds (ETFs) for Bitcoin were only getting started. The price of Bitcoin was almost at its peak. Bitcoin whales were receiving between 1300 and 2200 bitcoin daily, even though the price of Bitcoin had fallen from $71,650…

The program aims to teach many Africans about the Fourth Industrial Revolution (4IR) like robotics, AI, and data science. Big Tech company Intel, and The African Development Bank together teach 30,000 government officials and three million Africans about advanced artificial intelligence skills. This cooperation came to light during the most recent AFDB Annual Meetings In Nairobi, Kenya. The aim is to revolutionize the digital landscape in Africa as stated on the AfDB website. Advancing Africa’s Digital Revolution The main purpose of the project is to help Africans learn important skills for the Fourth Industrial Revolution (4IR). It involves robots, working…

Wintermute CEO Evgeny Gaevoy raised a concern about the downfall of Ethereum, stating that if this project collapses, it will not be a technical issue but the potential internal contradictions among the leaders. Wintermute stated, “You are either building capitalism or planned socialism,” pointing to some officials like Vitalik Buterin, Hayden Adams, and the community members. He further stated that they have to choose either capitalism or socialism, but they can‘t move in parallel with both ideologies. The statement came in response to criticism of one of the celebrity coins. “If ETH fails in the future it won’t be because…

The market is expecting a huge rally of tokens worth $650 million in June as the vesting periods end. The tokens belong to projects like Sui, Aptos, Arbitrum, and Starknet. More than 30 blockchain-based projects will expire in June, with $650 million worth of tokens to add to trading.  According to the data tracker, a large number of tokens set to be unlocked in June 2024 belong to Sui, Aptos, Arbitrum, and Starknet. Crypto vesting is a standard practice in the crypto industry to stop a project’s team members or early investors from selling off their tokens too soon. Using…

The Consumer Price Index is a critical indicator for Bitcoin which has the potential to shift its price to an all-time high, according to crypto analysts. According to an analyst, before beating its all-time high, Bitcoin needs United States inflation to slow down as the results of inflations are due in the next month. “If inflation prints 3.3% or lower, Bitcoin should make a new all-time high,” Markus Thielen, 10X research head stated in a report on May 29, ahead of the U.S. Bureau of Labor Statistics (BLS) releasing the Consumer Price Index (CPI) results on June 12. The previous…

Samson Mow, former Chief Strategy Officer at Blockstream and now CEO at Bitcoin-focused Jan3, made a strong prediction about Bitcoin price. He predicted it to reach an all-time high at the mark of $1 million after Omega candles struck the Bitcoin market. Like other Bitcoiners, Mow also believes that the world’s leading cryptocurrency price will surge soon as the previous all-time high was $73,750. In a recent tweet Mow identified some bullish candles which are followed by large volatility curves. Over the weekend, Bitcoin experienced a significant rise of 10% in its price reaching $65,180. The initial push is provided…