Latest News and Updates

The Ethereum price has slipped by 0.3% in the past 24 hours, while keeping to the $1,800 support level it has held for several months now.

The price of bitcoin has risen to $28,000 after trading below this mark for the majority of May.

The USDT stablecoin issuer, Tether, has announced regular investments in the first cryptocurrency since May 2023.

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens.

The Ethereum Foundation developers have released a software update for Prysm and Teku clients to prevent further network outages.

According to analysts, the Bitcoin price rally may be just beginning. On Sunday, the price of bitcoin was $29,000, several pips below the important $30,000 resistance point and slightly below the all-year high of $31,000, writes Invezz.

After a bearish start to the week on Monday, bitcoin bounced back on Tuesday, but on Wednesday, sellers regained control of the cryptocurrency, and it dropped to a low of $28,645, while trading at about $30,400 earlier in the day.

The rate of the first cryptocurrency continues to grow - on the morning of April 11, the indicator exceeded $30,000, which was the maximum over the past 10 months.

Renowned venture investor Tim Draper reiterated his bold prediction that the first cryptocurrency would hit $250,000.

Cardano was trading at $0.3840 by 11:02 am (08:02 GMT) on Wednesday, up 10.09% on the day. It was the sharpest daily rise in cryptocurrency since March 21st.

A new recalculation of the complexity of bitcoin mining showed a new record - the figure increased by 7.56% and reached 46.84 trillion hashes.