The recent crash in the crypto market, specifically in Bitcoin prices, has been attributed to a significant decrease in net flows into Spot Bitcoin ETFs. Data from Spot On Chain indicates that there has been a considerable decline in daily net inflows into these ETFs over the last few days. The trend started on Wednesday,
admin
Amidst the recent market correction, Ripple’s XRP has experienced a significant dip in its price, currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downturn, analysts are remaining optimistic about XRP’s potential for recovery and future growth. Analyst EGRAG CRYPTO has expressed confidence
The recent letter from Senators Jack Reed and Laphonza Butler to SEC Chair Gary Gensler has raised serious doubts about the approval of Ethereum ETF applications. The lawmakers emphasized the need for stricter scrutiny of Bitcoin ETFs and expressed concerns about allowing ETFs for other cryptocurrencies, including Ethereum. They argued that these alternative cryptocurrencies lack
The latest meme coin to hit the market, BOOK OF MEME (BOME), has taken the cryptocurrency world by storm with an astonishing price rally of 5,000%. This remarkable debut has captured the attention of investors looking to capitalize on the volatile yet potentially profitable meme coin market. The Solana Blockchain: A Hotbed for Meme Coin
In the fast-paced world of cryptocurrency, new tokens are constantly emerging, each one promising unique features and benefits. One such token that has been making waves recently is DOGE20, an Ethereum-based meme token that has garnered significant attention in its presale phase. Launched less than 24 hours ago, DOGE20 has already surpassed the $240,000 mark,
Marvel Comics has teamed up with VeVe to debut the VeVe Comics platform, offering fans access to a vast array of over 300 new Marvel digital issues. This collaboration brings beloved characters like Spider-Man, X-Men, Captain Marvel, and Black Panther to the digital realm in a new and exciting way. What sets VeVe Comics apart
The cryptocurrency market has been buzzing with excitement as investors flock to Sponge (SPONGE), a hidden crypto ICO that promises potential gains of up to 100x. With Dogwifhat (WIF) hitting all-time highs and the market cap soaring to over $3.18 billion, some are starting to question if the rally is sustainable. While WIF may have
Cryptocurrency markets are ever-evolving, with new coins constantly making headlines. Satooshi Nakahobo is one such coin that has recently surged by an impressive 600x, catching the attention of investors worldwide. Despite its comedic nature as a meme coin, Satooshi Nakahobo has shown significant price movements, attracting both excitement and caution from potential investors. Analysis of
Recently, Binance announced that Nigeria is not one of its top markets, despite being Africa’s most populous country and largest economy. This declaration came amid a dispute between Binance and Nigerian authorities over the exchange’s operations in the region. Nigeria has a young population that has embraced crypto, leading to record-high adoption rates. Chainalysis even
Cryptocurrency markets are experiencing some mixed trends on Thursday, with Bitcoin (BTC) and Ether (ETH) showing signs of profit-taking due to the recent US PPI inflation figures. On the other hand, altcoins like Solana (SOL) and Dogecoin (DOGE) are on the rise, leading investors to evaluate their options for the best crypto investments today. Bitcoin
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning about Bybit, adding it to the list of suspicious virtual asset trading platforms. The SFC expressed concerns about Bybit offering products to Hong Kong investors without the necessary license to conduct regulated activities in the region. This lack of licensing raises
Recently, blockchain analytics firm Elliptic uncovered that the notorious North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to hide their illicit transactions. This comes after the group had temporarily stopped using Tornado Cash following US government sanctions. Last year, when the US government imposed sanctions on Lazarus
Cardano, while not reaching the $0.8 price level this year, has shown promising signs of progress. The blockchain has experienced significant developments, although its price movement has lagged behind other cryptocurrencies. Despite this, there is hope for investors as on-chain data indicates a surge in active addresses on the Cardano network. The monthly active address
Crypto.com, the prominent cryptocurrency trading platform, recently faced a significant financial penalty from the Netherlands Central Bank amounting to €2.85 million. The fine was imposed due to the platform operating within the European country without proper registration for a period of two years. This lack of registration goes against Dutch regulations that require crypto firms
The price of Bitcoin surged to a new all-time high, nearing $74,000 after a slight dip below $72,000 just a day before. This milestone comes after a strong performance towards the end of last week when Bitcoin surpassed $70,000 for the first time on Friday. Despite a minor retracement following this peak, BTC continued to
MicroStrategy, an American business intelligence and software development company, has recently made headlines with its ambitious plans to acquire even more Bitcoin. The company announced its intention to raise $500 million in convertible debt offerings to purchase additional BTC, following a previous sale of $800 million in convertible debt offerings. This move comes as no
The recent collaboration between PIXELYNX, Animoca Brands, and Banijay Brands has brought forth a new NFT collection inspired by the “Nosedive” episode from the renowned TV series Black Mirror. The debut of the “Black Mirror Experience: Smile Club” collection on March 12 has taken the digital art market by storm, with rapid sales that led
MakerDAO, a prominent DeFi lending protocol, has recently announced its ambitious plan for the future with the introduction of the highly anticipated ‘Endgame’. This multi-phase project is set to revolutionize the ecosystem and drive exponential growth in Dai adoption. With the first phase scheduled for a summer 2024 launch, MakerDAO aims to establish a fully
As Ethereum prepares for the upcoming Dencun upgrade to improve scalability, there is a sense of anticipation in the crypto community. However, recent analysis from QCP Capital has revealed a concerning trend regarding risk reversals for Ethereum. The shift towards negative risk reversals for upcoming expiries hints at growing apprehension among investors about a potential
Ethereum (ETH) recently underwent a significant software upgrade named Dencun, aimed at improving the efficiency and cost-effectiveness of the network ecosystem. This upgrade, particularly focused on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, has resulted in a substantial reduction in transaction fees, making it more affordable for users to interact with the
Samson Mow, the CEO of Jan3 and known Bitcoiner, has made a bold prediction that Bitcoin could skyrocket to $1 million in the near future. In a recent interview with ‘What Bitcoin Did’ Host Peter McCormack, Mow reiterated his belief that BTC will reach this milestone either by the end of this year or by
Arbitrum, a layer-2 blockchain network, recently revealed their Gaming Catalyst Program (GCP) on March 12. This initiative aims to boost and improve the development of Web3 games on the Arbitrum network. The program has requested an allocation of 200 million ARB tokens, valued at approximately $426 million, to be distributed over a two-year period. This
The recent surge in NEAR Protocol has caught the attention of the crypto community, with traders eyeing a potential target price of $8. After experiencing a minor retracement, NEAR Protocol is currently trading at $7.85, showcasing a 24-hour change of -2.8%. The rapid ascent in price, with a 70% increase out of consolidation above $5.15,
The cryptocurrency market is currently buzzing with excitement as Ethereum strives to solidify its position above the $4,000 level. Analysts, such as Ali Martinez, are optimistic about Ethereum’s future, suggesting that the digital asset could potentially surge to $5,000 in the near future. Martinez’s analysis, based on data from IntoTheBlock, indicates that Ethereum still has
In the midst of the ongoing meme coin frenzy within the cryptocurrency markets, a new player has emerged in the form of the Solana-based LAMBO token, which has seen an incredible surge of +69,420% in its price. The token, inspired by the famous crypto meme ‘Wen Lambo?’, has garnered significant attention and excitement within the
The recent surge in the price of Bitcoin has led to a significant increase in profit for the majority of BTC holders. However, this rise has also seen large whales, who hold at least 1,000 BTC in their wallets, taking the opportunity to cash out some of their holdings. Crypto analyst Ali Martinez highlighted this
Ethereum (ETH) has been on a rollercoaster ride lately, with its price soaring past the $4,000 mark for the first time since December 2021. This has left investors both excited and cautious about the future prospects of the world’s second-largest cryptocurrency. The recent surge in price has led to a flurry of bullish predictions, but