With Bitcoin (BTC) setting its sights on a retest of its all-time high (ATH) this week, the meme coin sector, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen remarkable increases. These gains are supported by encouraging on-chain metrics indicating strong bullish momentum. Consequently, DOGE and SHIB have experienced significant gains over the past...Read More
Every holder of OP, the native token of the Ethereum-based layer-2 scaling solution Optimism, is currently in profit following the asset’s surge past its all-time high. According to data shared by crypto market intelligence platform IntoTheBlock, over one million addresses holding OP, including wallets that acquired the token at $4.01, are currently in the money....Read More
Terraform Labs co-founder Do Kwon may not be leaving for the United States any time soon after the Appellate Court of Montenegro overturned a previous decision by a lower court to extradite the former crypto exec to the US. Do Kwon is facing fraud and other criminal charges in the United States following Terra’s collapse...Read More
[PRESS RELEASE – Los Angeles, United States, March 5th, 2024] Sahara’s AI network empowers individuals and businesses to own, monetize, and scale proprietary knowledge through privacy-preserving and personalized Knowledge Agents. Sahara, a decentralized AI network that transforms how knowledge is owned, shared, and monetized globally, today announced its $6 Million seed funding round led by...Read More
[PRESS RELEASE – Dubai, UAE, March 5th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest Layer 1 blockchain, today announced the launch for the second round of its TVL (Total Value Locked) Incentive Program for Web3 projects building on its DeFi hub, BNB Smart Chain (BSC). A prize pool of up...Read More
A slew of crypto staking and infrastructure leaders have publicly committed to securing the Stack (STX) blockchain – a network focused on bringing staking, NFTs, and other functionality to Bitcoin (BTC). The eight new organizations joining Stacks Consensus include Blockdaemon, NEAR Foundation, DeSpread, Luxor, Chorus One, Kiln, Restake, and Alum Labs. The new companies join...Read More
A CryptoPunk non-fungible token (NFT), which belongs to the rarest set in the collection, was sold for over $16 million worth of Ether (ETH). The latest sale is the second-highest CryptoPunks transaction after a record-breaking purchase in February 2022. Alien Punk NFT Sold for 4,500 ETH On Monday, March 4, 2024, an anonymous buyer purchased...Read More
Different regions are widely adopting crypto. Governments of different nations are recognising the value of this evolving sphere and releasing some very friendly regulations to foster more and more acceptability among the residents. February 2024 has been a month of new series of development when it comes to crypto adoption and regulation. The report by...Read More
In a recent interview with Bloomberg Television’s Katie Greifeld, Saylor said, “I’m going to be buying the top forever. Bitcoin is the exit strategy. It is the strongest asset.” As Bitcoin’s price soared around the $65K mark and near its previous record high, it may pull back some to correct. But most analysts like Galaxy...Read More
Euro Pacific Asset Management founder Peter Schiff, a cryptocurrency skeptic, recently warned that Bitcoin is the “ultimate asset bubble” as Bitcoin price soared. Bitcoin price was flying somewhere above $61,500 when Schiff made his warning. At the time of this writing, four days later, BTC is trading above $65K. Peter Schiff Warns of Bitcoin Bubble...Read More
[PRESS RELEASE – Paris, France, March 5th, 2024] Uniting Web3 Visionaries and Global Leaders Following the success of its 2023 edition, the Proof of Talk summit, heralded as the Davos of Web3, is back for its second year and brings together thought leaders, investors, CEOs, founders, exchanges, digital asset managers, and regulatory authorities for networking...Read More
[PRESS RELEASE – Vilnius, Lithuania, March 5th, 2024] HODLPad, the decentralized launchpad has launched their IEO on ProBit Global. HODLPad provides DeFi investment opportunities with their game-changing Future Sales of Vested Tokens (FSVT) marketplace. HODLPad is focused on solving crucial needs in the DeFi space. It ensures fair access to high-quality projects through initial decentralized...Read More
MicroStrategy, the leading corporate holder of Bitcoin (BTC), has announced plans to raise $600 million through senior convertible notes to expand its Bitcoin reserves further, as confirmed by its founder and chairman, Michael Saylor. On March 4, Saylor announced that MicroStrategy is seeking to raise over $600 million through senior convertible notes, a type of...Read More
Jake Chervinsky, Chief Legal Officer of cryptocurrency company Variant, has posted on X that he doubts the likelihood of a spot Ethereum (ETH) ETF approval this year. Chervinsky’s comments come amid a bull run in the cryptocurrency markets, and he believes such an ETF could grow the market further. SEC Faces Pressure in Ethereum ETF...Read More
Crypto fanatics eager for a market-shattering Ethereum spot ETF launch may be in for an underwhelming surprise, according to Bloomberg ETF analyst Eric Balchunas. While the recent launch of multiple Bitcoin spot ETFs in the United States has proven phenomenally successful, Balchunas claims a follow-up launch for Ethereum would be “small potatoes” compared to the...Read More
Friend.tech, a Web3 social platform, has revealed that its investors have unanimously decided to waive their rights to sell tokens to users, granting them full control over the funds. The decentralized social media protocol garnered significant attention last year but has recently experienced a decline. Friend.tech Is Looking for a Comeback Friend.tech users have been...Read More
The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in late 2024 or early 2025, with all valid claims being expressed in U.S. dollars. PwC Announces Chapter 11 Settlement for FTX and Debtors In a...Read More
At the beginning of last spring, the Wall Street Journal published an investigative article on Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. Controversial Article At the time, the Wall Street Journal claimed that the two companies,...Read More
Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion. USDT Hits $100B Market Cap Tether’s new all-time high comes...Read More
Andrew Kang, crypto trader and co-founder of crypto-focused venture capital firm Mechanism Capital, believes that meme coins will outperform every other digital asset in this bull cycle because the tokens are pure and upfront speculative vehicles. In a Sunday tweet, Kang stated that the crypto market might see Ether (ETH) soar by 50% from its...Read More
Bitcoin prices surged to $65,500 in early trading on Monday, March 4. The move has pushed the asset to its highest price since November 2021 and just 5% away from its all-time high, which also came that month. Moreover, BTC has now gained more than 300% from its cycle low of just below $16,000 in...Read More
The Slovenian energy trading platform – SunContract – launched the first NFT marketplace for solar panels, enabling direct earnings or energy consumption from tokenized solar farms. The project leverages blockchain to democratize renewable energy access, allowing holders to manage their energy assets easily. According to a press release shared with CryptoPotato, the entity has introduced...Read More
Amidst the cryptocurrency market frenzy, a new star is emerging on the technological horizon: Cellesti. More than just a cryptocurrency, Cellesti represents a bridge between investors and artificial intelligence (AI), offering an innovative platform that combines crowdfunding and investment in cutting-edge technology. What sets Cellesti apart from other cryptocurrencies is its unique approach. While many...Read More
During the last several bull markets, at least one type of niche asset class within the cryptocurrency industry has grown to be a major player. The previous run that ended abruptly in 2022 consisted of NFTs and meme coins. With many experts commenting that Bitcoin and the rest of the market has already begun the...Read More
In a move against the Biden administration’s plans to introduce a “digital dollar,” five United States senators have united to introduce legislation prohibiting central bank digital currencies (CBDCs). Led by Senator Ted Cruz, the group, including Senators Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, introduced the CBDC Anti-Surveillance State Act on February 26,...Read More
Ilya Lichtenstein, the man behind the looting of billions of dollars from Bitfinex, is now helping federal prosecutors build a case against Bitcoin Fog, a crypto mixing service. Lichtenstein pleaded guilty to money laundering charges last year after hacking Bitfinex and getting away with Bitcoin worth $3.6 million. Lichtenstein Testifies in Washington Trial According to...Read More
The ongoing rally is challenging market expectations regarding the impact of spot Bitcoin ETF inflows, which were speculated to propel the leading asset to break all-time highs by the end of March. With Bitcoin exceeding $59,000 on Wednesday, marking a gain of over 5%, indications suggest that a new peak may materialize sooner than anticipated....Read More
With the crypto industry standing at a $2.31 Trillion market cap and a 24-hour Volume of $134 Billion, the bulls are in total trend control. Further, the most dominant crypto, Bitcoin, of 52% making a new 52W high at $64,000, reflects a high-momentum reversal. Being the key driver of the bull turn, the rising inflows...Read More
The crypto market’s rally clearly indicates that institutions have shown a stronger preference for Bitcoin and Ether, allocating approximately 40% each to these top assets. As of January 31st, 2024, these entities have dedicated 15% to stablecoins and only 5% to alternative coins. A new report by Bybit suggests that institutional portfolios have become significantly...Read More
Some on-chain indicators are flashing signs that Bitcoin (BTC) may be overheating following its rally to the $64,000 price mark, indicating a significant correction could occur soon. According to a weekly report from market intelligence firm CryptoQuant, the rising traders’ unrealized profit margin and the high cost of opening new long positions in perpetual futures...Read More
