According to CoinDesk data, the cryptocurrency with the second-highest market capitalization has fallen to its lowest level since April 9th.
Additionally, Glenn Williams, a crypto markets analyst at CoinDesk, suggests that the recent activities of bitcoin whales could provide insight into the future trajectory of BTC.
Compared to the proof-of-work system, the Ethereum proof-of-stake consensus mechanism will cut energy use by a huge 99.5%.
Crypto Futures Trading are one of the most important things in the crypto market and today you'll learn all about it! Enjoy the video!
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On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.