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Despite the recent price drop, Bitcoin traders have demonstrated perseverance and strength. The cryptocurrency’s price declined for eight consecutive days until May 13, resulting in a 9.4% correction, the longest losing streak since June 14, 2022. However, professional traders remained bullish, particularly after Bitcoin retested the $25,800 support on May 12, despite network congestion and increased

According to a study commissioned by the Japanese financial journal Nikkei and conducted by blockchain analyst Elliptic, Asian countries have contributed more than 60% of the losses incurred by North Korean hackers and ransomware users due to insufficient security. The analysis looked at cryptocurrency losses from North Korean cyberattacks between 2017 and 2022, including both

According to its most recent quarterly earnings report, CoinShares, a cryptocurrency investment firm, has achieved its highest profit quarter in a year. The report, covering the first quarter of 2023, highlights a “return to profitability” for the cryptocurrency investment group. “In Q1 2023, as in 2022, the financial and crypto industries faced a challenging and complex landscape.

As a result of growing regulatory uncertainty, the crypto market saw a downturn just as analysts predicted a potential price breakout for Bitcoin. Bitcoin’s price reached a 7-day low of $26,970, raising concerns of a further dip, with a CME gap lingering at $24,000. Ethereum faced similar worries, initially trading above $2,100 following the Shapella

LG Electronics, a South Korean technology company, has filed a patent for its blockchain-based smart TV, which allows users to trade non-fungible tokens (NFTs). The information was published on WIPO’s global database for intellectual property on May 11th, 18 months after LG filed its application. According to the documentation, the technology connects devices to a

A proposal has been put forth for a vote on BitDAO’s Snapshot platform that would apply the “one brand, one token” principle. This proposal seeks to substitute BitDAO’s current governance token, BIT, for a new governance token for the unified BitDAO ecosystem. According to the proposal, the BitDAO ecosystem, which includes governance (BitDAO) and product

MetaMask, a decentralized application provider and cryptocurrency wallet, has begun allowing Ethereum purchases via PayPal to its US users. This collaboration was announced in 2022, and American users can now purchase Ethereum using PayPal as a payment option. Furthermore, they can send ETH from PayPal to MetaMask. MetaMask promises to be the first Web3 wallet

Despite new U.S. macro data releases showing inflation subsiding, Bitcoin bulls have little relief as BTC price action heads toward $27,000 after the May 11 Wall Street open. According to Cointelegraph Markets Pro and TradingView, BTC/USD risked a further loss of support even though the pair saw a modest recovery from local lows seen the

The recent failed attempt by Ether to rally above $2,000 on May 6 has made it clear that ETH bulls are hesitant to add leveraged long positions. The price of Ethereum briefly went above $2,000 on May 6, but it has since been fluctuating within a tight range between $1,820 and $1,950, a pattern that

Integrating cryptocurrency payment gateways can have numerous benefits for businesses, including expanding into new regions without the need for local providers, lower processing fees, and no rolling reserves, which eliminates the risk of chargebacks and associated fraud. Furthermore, integration is simple, and clients need not have a thorough understanding of blockchain technology. A cryptocurrency payment