Nigeria’s President Bola Tinubu’s special adviser, Bayo Onanuga, recently criticized Binance for allegedly setting exchange rates in the country. Onanuga accused the platform of meddling with the Central Bank of Nigeria’s (CBN) role in determining currency values. This accusation has sparked a debate around the role of cryptocurrency exchanges in Nigeria’s financial ecosystem. In response
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Pudgy Penguins recently announced the expansion of their partnership with retail giant Walmart. This collaboration is set to bring Pudgy Toys and exclusive collectibles to 1,100 new Walmart locations, marking a significant milestone in their joint venture. The latest development in the partnership will see Pudgy Toys’ presence increase to a total of 3,100 Walmart
The VanEck Bitcoin exchange-traded fund (ETF) saw a remarkable development on Tuesday, as its daily trading volume exceeded $258 million. This represented a staggering 14-fold increase from the previous day. Although this achievement was significant, VanEck’s ETF has struggled to keep up with the trading volumes observed in other popular ETFs like BlackRock, Fidelity, and
Bitcoin recently went through a retracement after reaching a high of $53,000 on February 20. Despite this dip, Bitcoin whales have remained unfazed and have actually taken advantage of the situation to accumulate more of the leading digital asset. According to Ki Young Ju, the founder and CEO of Crypto Quant, inflows into accumulation addresses
In recent years, there has been a significant decline in the volume of Bitcoin stored in exchange wallets, signaling a notable shift in investor behavior. This change is particularly evident since mid-March 2020, when over 17% of Bitcoin’s total supply was housed on exchanges, marking a record high. Despite Bitcoin’s 2021 bull run, which saw
In the fast-paced world of cryptocurrencies, Ethereum has captured the attention of investors worldwide, especially with Michaël van de Poppe’s bold prediction. Van de Poppe, the CEO of MN Trading, has projected an impressive climb for Ethereum, foreseeing a potential surge in the range of $3,800 to $4,500. This optimistic outlook is supported by Ethereum’s
Cryptocurrency exchange Backpack, founded by former FTX executives, has recently announced its expansion to 11 US states amidst increasing global regulations. The company’s CEO, Armani Ferrante, expressed determination to establish Backpack’s presence in the US gradually and diligently. In the announcement made on social media, Backpack revealed its availability to residents in states such as
The recent surge in Ethereum’s price, crossing the $3,000 threshold, has grabbed the attention of the crypto community. However, amidst the celebrations, Fred Krueger, a prominent Bitcoin ETF expert, has raised doubts about the true value of ETH. Krueger, a Wall Street veteran, took to social media to express his skepticism, stating that “ETH is
The recent surge in popularity of NFTs has paved the way for innovation in various industries, including the ticketing sector. One such groundbreaking development is the partnership between Sports Illustrated and Avalanche, resulting in the launch of Box Office – a platform that aims to revolutionize the way tickets are bought and sold. By leveraging
Coinbase’s non-US exchange achieved a significant milestone on Feb. 20, surpassing $1 billion in daily trading volume. The exchange, known as Coinbase International Exchange, announced that their perpetual futures trading had reached this remarkable mark within a 24-hour period. This achievement was lauded by Coinbase CEO Brian Armstrong, who highlighted that it was the first
Recently, the Hong Kong Monetary Authority (HKMA) introduced comprehensive regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. The main goal of these standards is to promote innovation while also protecting consumers within the expanding field of tokenization, where real-world assets are represented digitally using distributed ledger technology. The guidelines
Bernstein, a global asset management firm, recently expressed confidence in the potential approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). Analysts from Bernstein, Gautam Chhugani and Mahika Sapra, identified Ethereum as the frontrunner for an ETF approval after Bitcoin. Despite the SEC’s historical reluctance towards cryptocurrency ETFs, the
Wall Street Memes has recently launched a major new burn mechanism that is set to have a significant impact on the dynamics of its $WSM token. This new development marks a departure from the original plan of a 10% buyback of Net Gaming Revenue, with the burn mechanism now applying to 100% of $WSM Net
Renowned crypto analyst Michaël van de Poppe has made a bullish prediction for Ethereum, suggesting that it could soar to $4,500. Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.” Recent
A recent sale of a complete set of 10 Autoglyphs has taken the blockchain and art communities by storm. This groundbreaking transaction, amounting to a remarkable 5,000 ETH (equivalent to approximately $14.6 million), has made history as the highest NFT sale in the past two years and the fifth-largest on-chain purchase ever. The Autoglyphs, introduced
Cryptocurrency wallets play a crucial role in ensuring the security and accessibility of users’ digital assets. With the increasing popularity of crypto investments, the demand for reliable and trusted wallet apps has also grown. However, not all wallet apps can be trusted, as highlighted by the recent case of the fake Rabby Wallet on the
In recent days, Ethereum has made significant strides, breaking beyond the $2,900 level, showcasing a 4% surge in just 24 hours. This surge has brought the second-largest asset in the cryptocurrency sector to heights not seen since the beginning of May 2022. While Bitcoin has been on a sideways trajectory, Ethereum seems to have taken
The Bitcoin open interest has been steadily increasing over the past few weeks as the price of the cryptocurrency continues to climb. This surge in open interest can be attributed to the recent approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). According to data from Coinglass, the
South Korea’s ruling party, the People Power Party (PPP), has recently announced plans to advocate for a two-year extension in the implementation of cryptocurrency taxation. This strategic move comes ahead of the upcoming general elections and aims to address the complexities and challenges surrounding the taxation of virtual assets in the country. The decision to
Recently, Binance, one of the leading cryptocurrency exchanges in the world, made an announcement that sent shockwaves through the crypto community. The exchange revealed that it would be discontinuing its trading and subscription services for leveraged token offerings, including popular tokens like Bitcoin, Ethereum, and its own BNB Coin. This decision, set to take effect
Investors in the cryptocurrency market are constantly on the lookout for the next big opportunity to make significant gains. While Bitcoin (BTC) remains a strong contender in the market, attention is shifting towards Ether (ETH), the second largest cryptocurrency by market capitalization. With ETH seeing a 15% increase in the last week and reaching above
Yuga Labs has recently made a significant move by acquiring PROOF, a platform that focuses on art and community engagement. This acquisition includes all components of PROOF, such as its team, intellectual property, and artistic portfolio. By bringing PROOF under its wing, Yuga Labs is not only expanding its presence in the web3 world but
In the past week, Bitcoin has witnessed an impressive surge in price, surpassing $50,000 for the first time in years. While the cryptocurrency has been consolidating around the $51,000 mark recently, a renowned crypto analyst has raised concerns about a potential bearish trend in the near future. Ali Martinez, a prominent figure on the X
Bitcoin (BTC) has recently reached new heights, surpassing the $50,000 mark and continuing to climb, currently sitting above $51,900. According to analysts at the on-chain intelligence platform CryptoQuant, the rise in Bitcoin’s value can be attributed to the high demand generated by the approval of spot Bitcoin exchange-traded funds (ETFs). CryptoQuant’s latest weekly report reveals
As the Bitcoin industry in the US eagerly awaits the approval of the Bitcoin ETF, concerns are mounting regarding the potential implications for the industry as a whole. With the looming threat of big financial institutions like Goldman Sachs and JPMorgan taking control of citizens’ bitcoins, and Sen. Elizabeth Warren’s proposed bill that could restrict
Recently, US prosecutors filed a sentencing memo on Feb. 16, asking a federal judge to approve the plea deal made by Binance and its former CEO Changpeng Zhao (CZ). The deal, which was initiated in November 2023, involves Binance paying a staggering $4.3 billion as one of the largest criminal penalties in US history. Furthermore,
With the fourth Bitcoin halving just around the corner, miners are experiencing heightened levels of activity on the largest blockchain network. Recently, the Bitcoin mining difficulty metric surged by more than 8%, reaching a new record high. The mining difficulty, a critical feature of the BTC blockchain, undergoes readjustments every 2,016 blocks based on the