The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far...Read More
A wallet that laid dormant for 10.3 years has suddenly sprung to life, transferring all 687.33 bitcoins, worth almost $44 million, on May 6, according to Lookonchain’s latest findings. The wallet in question had received the 687.33 BTC, valued at $630,000 at that time, on January 12, 2014, when bitcoin’s price was $917 and, interestingly,...Read More
In the realm of cryptocurrencies, fierce competition unfolds between two titans: Solana (SOL) and Ethereum (ETH), vying for the coveted top spot among altcoins. As these giants clash, a newcomer emerges, stealing the spotlight with a $10,000 competition that ignites excitement and captures the imagination of investors and enthusiasts alike. Furrever Token (FURR) enters the...Read More
Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC...Read More
[PRESS RELEASE – Dubai, UAE, May 3rd, 2024] Blockchain Sports, an international sports project, leverages cutting-edge technologies including IoT, AI, VR, and blockchain to innovate the global football industry. The initiative was introduced at a significant event at the Coca-Cola Arena in Dubai, drawing an audience of over 5000 attendees. The project has garnered the...Read More
[PRESS RELEASE – Sydney, Australia, May 6th, 2024] This rewards system gamifies engagement on the MOOAR platform, enabling users to enter a raffle for the chance to receive rewards, including exclusive STEPN x adidas Genesis Sneaker NFTs. FSL, the global gaming and development studio behind the web3 lifestyle app STEPN, has officially announced the launch...Read More
[PRESS RELEASE – London, United Kingdom, May 6th, 2024] The Project World of Pepe is now live on Solana. Visit our Presale Website for more Information. The rise of these meme-based cryptocurrencies underscores digital currency’s volatile yet incredibly engaging realm, where humor paired with a strong community ethos can lead to substantial financial activity. Following...Read More
Analysts at investment research firm Bernstein have reaffirmed their prediction that bitcoin (BTC) would hit $150,000 in this bull cycle despite the asset’s retracement in recent weeks. According to a recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra said Bitcoin metrics show the network is in a healthy cycle still in its early stages....Read More
The Bitcoin network has achieved a new milestone: one billion processed transactions, 15 years, four months, and four days after its genesis block was mined. According to data on Clark Moody’s Bitcoin dashboard, the one billionth transaction was mined into block 842,241 on May 5 at 9:34 pm UTC. Bitcoin Process One Billion Transactions Bitcoin’s...Read More
[PRESS RELEASE – Vilnius, Lithuania, May 6th, 2024] BTCC Exchange, the world’s longest-serving cryptocurrency platform, announces the BTCC World Trading Competition (BWTC) 2024 kickoff, featuring an unprecedented prize pool of 10 million USDT. This global competition, organized into three main categories, invites participants worldwide, underlining BTCC’s commitment to inclusivity and diversity in cryptocurrency trading. The...Read More
Markets rebounded strongly following last week’s Federal Reserve pivot and the premise of more liquidity being injected. Total crypto capitalization returned to pre-pullback levels, closing on $2.5 trillion again over the weekend and going back to the middle of its range-bound channel. This week’s economic calendar will not be as volatile as last week’s. “After...Read More
Amid rising geopolitical tensions and sanctions, Russia is reportedly preparing to enact a strict ban on the widespread trading of cryptocurrency assets like Bitcoin, allowing only digital financial assets to be issued within its own jurisdiction. This move is part of a broader government effort to regulate the cryptocurrency ecosystem. Only miners and projects approved...Read More
Blockchain analytics company Elliptic said that its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored with researchers from the MIT-IBM Watson AI Lab. Elliptic revealed a successful identification of illicit proceeds deposited at a cryptocurrency exchange, new patterns of money...Read More
The leading blockchain security firm, CertiK, released its latest report revealing a significant downturn in losses from crypto-related hacks and scams as April concludes. Noting a notable decrease, CertiK stated April saw approximately $25.7 million lost to exploits, hacks, and scams. This figure marks a decline of 141% from the previous month’s losses, demonstrating a...Read More
While meme coins have seen a massive resurgence this year, this has raised concerns for certain industry players. Chris Dixon – a general partner at Andreessen Horowitz (a16z) – has expressed concern over the US regulatory system, questioning why meme coins were allowed to thrive while cryptocurrency companies and blockchain tokens with useful applications “get...Read More
Grammy award-winning rapper Eminem recently cut an ad for Crypto.com to advertise blockchain to NBA fans. Here are 10 other celebrity endorsements that prove cryptocurrency adoption is accelerating. But real quick first— here’s “The Real Slim Shady” singer’s X post with the Crypto.com advertisement: You know what it’s always been. #FFTB #Ad @cryptocom pic.twitter.com/XZ3Qf7TkkR —...Read More
In the wake of a challenging week for the cryptocurrency market, several prominent coins, including Ethereum (ETH) and Solana (SOL), are signalling a potential recovery, showing resilience with two consecutive days of surges. As investor sentiment gradually improves, ETH and SOL have emerged as frontrunners in reclaiming lost ground, bolstering hopes of a broader market...Read More
Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having expanded its operations recently, a substantial portion of the profits came from its long-standing businesses and not the newly formed divisions. Tether revealed in an...Read More
A former executive of the European arm of the bankrupt cryptocurrency exchange FTX has bought a gold pocket watch recovered from the Titanic wreck for £1.175 million ($1.5 million), the largest sum ever spent on any piece from the memorable incident. According to a Wall Street Journal report, German fintech entrepreneur and former head of...Read More
Over time, the United States government, through its regulatory agencies, has filed cases against several crypto firms, demanding compliance for their products and services. While the list is extensive, some cases have stood out, like lawsuits against decentralized protocols like Uniswap, crypto mixing platforms like Tornado Cash, and big firms like Binance and Coinbase. The...Read More
As Bitcoin reclaims the $60,000 and sustains a rally above $63,000, the rising volumes support the uptrend chances. Amidst this sharp and surprising recovery of Bitcoin, altcoins siphon the increased market optimism to amplify the bull run. With multiple coins giving double-digit returns in a day, the relief rally spreads like wildfire. Under such market...Read More
While the crypto market witnessed significant bloodshed in April, layer-2 networks recorded substantial developer activity, signaling a strong belief in these projects despite the latest slumps in the value of their native tokens. A tweet by crypto data analytics platform Santiment revealed that the top ten layer-2 networks were selected by counting each project’s non-redundant...Read More
Last week brought a bullish comeback to the market as BTC price witnessed massive buying demand and surged toward the $65K mark. Though the dominance of BTC is currently rising, any minor pullback might trigger top altcoins to turn $1 into $10 this week. Reversal For Altcoins Amid Bearish Pressure Last week, Bitcoin’s market dominance...Read More
A New York court and the Federal Bureau of Investigation (FBI) have revealed an indictment against Idin Dalpour. The 39-year-old New York resident is accused of organizing a sophisticated Ponzi scheme that allegedly defrauded investors of $43 million. $43 Million Ponzi Scheme According to the indictment, he ran the Ponzi scheme from approximately 2020 through...Read More
Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase...Read More
Crypto markets are super volatile at the moment. Although the prices of the popular tokens remain within a descending trend, the likelihood of a fine upswing continues to hold upright. The start of the year was extremely bullish, as the markets were screaming for more upside. Further, two months down the line, the altcoins went...Read More
Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency....Read More
CryptoQuant analysts have found that Bitcoin miners have increased their selling activity in the last month amid slow demand growth for BTC. According to the latest CryptoQuant weekly report, the decrease in BTC demand is evident in low Bitcoin whale demand, fewer purchases from spot exchange-traded funds in the United States, and the Coinbase premium...Read More
Bitcoin’s recent market correction that dragged the world’s largest cryptocurrency near the low of $56,500 turned out to be a good opportunity for high-profile investors. Data shared by CryptoQuant CEO Ki Young Ju revealed that whales have accumulated a whopping 47,000 BTC – worth more than $2.8 billion in current price – over the past...Read More
As the crypto world strives to reposition in a bullish stance after a huge bearish hit, the meme coins are on a path to recovery. While the low-cap memes are on a quick rise, the SHIB price trend projects a morning star reversal, slow to pick momentum. With high anticipations of a reversal turned breakout...Read More
