The incident involving the Solana-based Slerf (SLERF) meme coin’s $10-million bungle has sparked intense speculation. While the team said that the action was a mindless misclick, others speculate that it might have been a daring marketing stunt. Regardless of the true nature of the event, it has undeniably garnered significant attention across social media platforms...Read More
Bitcoin ETF fever appears to be waning as the amount of BTC being scooped up by funds and institutional investors slows down. Moreover, the world’s largest crypto asset manager, Grayscale, saw a record outflow of $643 million on March 18. It beats the previous daily outflow record from GBTC of $640 million on Jan. 22....Read More
Late Monday, Bitcoin (BTC) witnessed a sudden and significant plunge on BitMEX, plummeting to as low as $8,900 within a matter of minutes. Since the flash crash, BitMEX has announced via social media that it is currently investigating the substantial sell orders. Bitcoin’s Flash Crash on BitMEX According to data from the charting platform TradingView,...Read More
NodeMonkes, Bitcoin’s premier NFT collection, has surged by over 50% in the past 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market capitalization. According to data from CoinGecko, NodeMonkes witnessed a 53.3% surge in its floor price, making it the second-largest NFT collection in terms of market cap. NodeMonkes and Runestone’s Floor Price Surge...Read More
Binance has cleared its personnel from the allegations surrounding Book of Meme (BOME), a meme coin built on the Solana blockchain. The move follows widespread discussions and allegations of possible insider trading associated with the “BOME rat warehouse” incident, prompting Binance to take swift action to address the matter. Binance Responds to Allegations In an...Read More
Investments in digital asset products clocked in a massive surge in weekly inflows, reaching a total of $2.9 billion. According to the latest data compiled by CoinShares, the inflows surpassed the previous week’s record of $2.7 billion, propelling year-to-date investments to $13.2 billion, significantly exceeding the total inflows for the entire year of 2021, which...Read More
Over the past weekend, the crypto market experienced a tumultuous blend of emotions, characterized by fear and greed, as Bitcoin plunged to lows of 64,500. However, it swiftly rebounded, with the leading asset surging back above the 67,000 mark. While Bitcoin has exhibited significant resilience, the same cannot be said for Ethereum. Ethereum’s Rocky Road...Read More
Ether (ETH) has lost more than 11% of its value in the past six days, falling from $4,000 to $3,500, but a vast majority of its holders are still in profit. According to a tweet by crypto market intelligence platform IntoTheBlock, around 89% of ETH holding addresses are currently in the green. 89% of ETH...Read More
British multinational bank Standard Chartered has increased its prediction for Bitcoin’s price by 50%, forecasting that the leading digital asset will be worth $150,000 by the end of 2024. According to a CoinDesk report, the bank expects BTC to hit a record high of $250,000 by 2025 before rounding off the bull cycle around $200,000....Read More
Cardano’s development and utility have been subject to significant scrutiny within the community, with recent discontent focused on the Hydra project. This layer 2 scalability solution aims to expedite transactions, reduce costs, and optimize Cardano’s functionality. However, Charles Hoskinson has moved to quash rumors of the project’s demise. Charles Hoskinson Sets the Record Straight Cardano...Read More
Charlotte Fang, the founder of Milady and Remilia, acknowledged a security breach after millions of dollars worth of Ether and Non-fungible tokens (NFTs) were moved to a wallet engaged in asset liquidation. The incident highlights the escalating issue of hacks and security vulnerabilities within the crypto sector, especially affecting decentralized finance (DeFi) platforms. Remilia Treasury...Read More
Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...Read More
Meme coins are back at it with significant gains throughout the past 24 hours. The market is recovering, in general, but some meme coins are undoubtedly performing better than the rest. Shiba Inu (SHIB) is up a whopping 13% over the past 24 hours, trading at slightly below $0.0003. The cryptocurrency remains down some 10%...Read More
“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday...Read More
The United States Securities and Exchange Commission (SEC) has charged 17 individuals for allegedly perpetrating a cryptocurrency Ponzi scheme that defrauded thousands of Latino investors in the country for approximately $300 million. According to an official release from the regulator, the alleged fraudsters operated under a company named CryptoFX LLC, which is based in Houston,...Read More
Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous year. Core Scientific said that it had successfully mined 19,274 BTC (valued at approximately $1.4 billion) during 2023 despite undergoing bankruptcy. Core...Read More
Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According...Read More
2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has...Read More
In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some...Read More
Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum. Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets...Read More
According to a recent report by the Wall Street Journal (WSJ), the U.S. Treasury Department is investigating $165 million worth of cryptocurrency transactions that might have supported Hamas, the Palestinian militant group. Deputy Treasury Secretary Adewale Adeyemo signed a letter revealing these findings based on examining suspicious activity reports submitted between January 2020 and October...Read More
BNB Chain has launched a Rollup-as-a-Service (RaaS) solution that aims to enable large-scale Dapps, enterprises, and BNB Chain itself to construct customized Layer 2 solutions. The latest move aligns with BNB Chain’s 2023 roadmap, which involves expanding the ecosystem with a secure multichain strategy, among other aspects. BNB’s Rollup-as-a-Service (RaaS) Solution According to the official...Read More
Asset management company 7RCC Global is gearing up for the launch of its environmentally conscious spot Bitcoin ETF in the United States amidst fierce competition for investment products that facilitate access to БТЦ’с price movements. Despite not being included in the initial wave of launches, the entities backing the proposal are proceeding with their plans....Read More
The Solana blockchain has become the home of many new and popular meme coins that have garnered the community’s attention during this bull cycle. This has pushed not only their prices up but also SOL’s. The latest such craze is called BOOK OF MEME and was launched earlier this week. It quickly skyrocketed by triple...Read More
The Ethereum network’s activity and supply dynamics have remained positive over the first hours after Dencun, the most complex hard fork since the Merge, was launched on the blockchain. The latest weekly report from CryptoQuant said Ether (ETH) faces a risk of price correction in the short term despite positive network activity. Ethereum Network Dynamics...Read More
El Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. The country initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. El Salvador Boasts Huge...Read More
Binance, the world’s leading crypto exchange by trading volume, appears to have spun off its venture capital and incubation arm, Binance Labs, as indicated on the latter’s website. This move occurred earlier this year, marking a significant development during CEO Richard Teng’s four-month tenure. Binance Labs Distances From Binance Binance Labs’s website now clearly states...Read More
The encrypted Ethereum layer 2 network, TEN (aka The Encrypted Network), has announced the completion of a $9 million funding round led by the banking consortium R3. TEN is a layer 2 rollup platform targeting encryption, MEV prevention, scalability, and gas efficiency. It’s said to offer “a balance between Optimistic-based L2s and ZK-Rollups.” Using encryption,...Read More
Paul Grewal, the Chief Legal Officer at Coinbase, has come forward to criticize a letter written by two U.S. senators urging the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds and refrain from approving any further cryptocurrency ETF applications. In a March 15 X thread, he challenges the assertions of...Read More
Crypto industry veterans and investors are debating whether Bitcoin (BTC) or MicroStrategy (MSTR) is a better buy following several weeks of stellar performance for both assets. Since the start of the year, Bitcoin has rallied 54% on the back of massive demand for newly launched Bitcoin ETFs, whose shares have appreciated at the same rate...Read More
