As per a Bloomberg report, institutional clients of Goldman Sachs’ Asia Pacific division are displaying revitalized interest in Bitcoin, Ether, and other crypto assets. This trend indicates a notable evolution in the investment landscape for traditional financial institutions. According to Max Minton, the head of digital assets at Goldman Asia Pacific, a significant number of...Read More
How close is the current “Bitcoin cycle” to its bull market peak? History suggests it could be closer than most think. Lead Glassnode analyst James Check showcased a chart on Monday comparing Bitcoin (BTC)’s price action over the last three years to that of other Bitcoin epochs after touching their respective all-time highs. The Bitcoin...Read More
As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a...Read More
Base, Coinbase’s layer-2 blockchain initiative for reducing Ethereum transaction fees, seems to be witnessing massive demands of increased network activity. As a result, its TVL also rose sharply, hitting a new milestone, surpassing $2 billion this week. One of the major reasons for the surge in activity of Base was the activation of the Dencun...Read More
Emin Gün Sirer, the founder and CEO of Ava Labs, has sounded an alarm on the rise of substandard layer 2 (L2) solutions in the crypto space. Drawing parallels with the fallout from the FTX collapse, he cautioned investors about the dangers associated with investing in these “trash” projects. Ava Labs Founder Highlights L2 Red...Read More
[PRESS RELEASE – Bankstown, Australia, March 25th, 2024] Xuirin Finance is an exciting new project in the world of cryptocurrency that’s all about bringing fresh ideas, being flexible, and having a clear plan for the future. The Xuirin Finance team views the Xuirin Finance (XUIRIN) as a significant milestone in decentralized finance. The project came...Read More
CommEX, a crypto exchange that previously took over Binance’s operations in Russia after it decided to exit the country, has revealed its intention to cease operations in the country. Binance had initially announced its departure from Russia in September 2023, stating that the process would take approximately one year to complete. CommEX Announces Gradual Wind-Down...Read More
Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC)....Read More
As we enter 2024, the digital currency landscape is abuzz with activity, marking the entry of influential new entities like BlockDAG, and key updates in the performance of Immutable (IMX) price and the Pyth Network news. BlockDAG Network shines as a model of innovation and progress in the cryptocurrency sector. This platform distinguishes itself by...Read More
The Nigerian government has slammed the world’s largest cryptocurrency exchange, Binance, with four counts of tax evasion charges as the saga between the entities deepens. According to a report from local media Premium Times, the Federal Inland Revenue Service (FIRS) filed the charges at a Federal High Court in the nation’s capital, Abuja, on March...Read More
Investment products in digital assets witnessed a significant weekly outflow of $942 million, breaking the continuous seven-week streak of inflows reaching $12.3 billion. According to the CoinShares, this shift can be attributed to investor hesitation. Hesitant Investors Cause US ETF Inflows Dip The latest edition of Digital Asset Fund Flows Weekly Report revealed that the...Read More
Polygon’s beta version of the zero-knowledge Ethereum Virtual Machine (zkEVM) became the latest network to hit a snag, but the team was swift in controlling the damage and applied the necessary fixes. Over the weekend, Polygon reported that its zkEVM encountered downtime because of an issue with its blockchain sequencer. In its latest update, the...Read More
CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at...Read More
[PRESS RELEASE – Victoria, Seychelles, March 25th, 2024] Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed BeFi Labs based BEFI tokens in its BRC20 zone, which includes trending tokens on the Bitcoin Ordinals chain. The BEFI tokens have been listed on spot and are now open for trading on the Bitget exchange....Read More
Could DOGE tokens pump 500% in 2024 to $1? Dogecoin more than doubled in price at the end of February. After trading around the $0.08 level since the start of January, DOGE exploded to $0.18 by Mar. 4. The proof-of-work meme coin, an indirect 2015 blockchain fork off of the original Satoshi Bitcoin chain, retraced...Read More
Bitcoin (BTC) is down 2% on the weekly scale. It is currently priced at $67K, just shy of its ATH from 2021. Despite the sudden correction that sent shockwaves across the crypto market last week, both retail and institutional analysts believe the next target for BTC could be well above $90K by year’s end. Analysts...Read More
Crypto markets rebounded over the weekend following the Fed’s rate decision on March 20, but this week also has a lot of key economic data. The week will be shorter, with TradFi markets closed for a holiday on March 29 for Good Friday. However, investors are awaiting Fed Chair Jerome Powell’s speech to get more...Read More
The year 2024 has witnessed the resurgence of various sectors within the space, while the classical tokens have also gained significant attention. The AI tokens began to make ground for a strong bullish run ahead, which Memecoin Mania followed. Amid the growing momentum, the DeFi tokens, along with the other popular ones, gained acute strength....Read More
On Monday, U.S. District Judge Robert Shelby levied sanctions against the Securities and Exchange Commission (SEC) in response to accusations of serious misconduct in the legal action against Utah-based cryptocurrency firm DEBT Box. The decision comes after the judge determined that the SEC had committed a “gross abuse of power” in its handling of the...Read More
Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC...Read More
All eyes are on the upcoming Bitcoin halving scheduled for mid-April 2024, which will reduce the rewards granted to miners for validating transactions by half. This will mark the fourth occurrence of a halving event in Bitcoin’s history. Although the market is currently experiencing a downturn, Bitcoin has seen significant growth of more than 150%...Read More
In the midst of a downturn affecting meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), Furrever Token (FURR) emerges as a shining star in the cryptocurrency market. While DOGE and SHIB face declines, FURR is experiencing unprecedented success in its presale, captivating investors with its unique charm and innovative approach. As the spotlight shifts...Read More
Despite criticisms for the alleged abandonment, Cardano remains one of the top blockchain protocols in terms of GitHub activity. According to the data compiled by IntoTheBlock, Cardano has once again surpassed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March...Read More
Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy...Read More
After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024. Their impact on BTC’s price has been undeniable as the demand for those products among traditional investors has skyrocketed. Now that there are existing exchange-traded...Read More
The crypto market continues to bleed, highlighting an increased bearish pressure and selling pressure in the crypto industry. Further, top crypto tokens are hovering close to their crucial levels, indicating a massive correction in the space. Positively, this gives investors excellent buying opportunities to buy these altcoins at a discounted price. In this article, we...Read More
A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform. According to a report by the South China Morning Post, people familiar with the matter revealed that the woman did not realize she had been scammed until a year after the...Read More
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks...Read More
In the dazzling realm of crypto, where innovation reigns supreme and fortunes are made overnight, one name is buzzing louder than the rest – NFTFN. As its presale steals the spotlight, the who’s who of crypto visionaries are lining up to get a piece of the action. Let’s peel back the curtain and discover why...Read More
The derivatives arm of the largest American cryptocurrency exchange, Coinbase, intends to launch futures trading contracts for Dogecoin DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. According to several letters filed with the United States Commodity Futures Trading Commission (CFTC) earlier this month, Coinbase Derivatives will launch monthly cash-settled and margin futures...Read More
