The recent surge in the crypto market has brought attention to meme coins like never before. With a significant figure of $280 million raised in a presale for a memecoin on the BNB Chain, it is evident that there is a growing appetite for speculative investments within the crypto community. This substantial amount not only
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Bitcoin’s price movements over the weekend have been somewhat underwhelming as the asset has calmed at just over $64,000 after the previous week’s volatility. The altcoins are, in general, also less volatile today, with a few exceptions like Dogecoin, which has surged by around 7%. Last business week started on a highly unfavorable note for
In a devastating turn of events, a 46-year-old housewife from Hong Kong has found herself facing losses of a staggering 7.1 million Hong Kong dollars ($908,000) after falling victim to a fraudulent crypto investment platform. The woman, who remains unnamed, was lured into the scam through a series of deceitful tactics employed by cunning fraudsters.
North Korea has been making headlines due to its involvement in cyberattacks, with the United Nations Security Council revealing that the country earns a significant portion of its foreign exchange earnings through these illegal activities. The council’s report indicates that North Korea’s cyberattack strategy involves compromising digital wallet private keys and seed phrases, leading to
Ethereum has recently experienced significant growth in daily active users and daily transaction volume. Despite this, the price of ETH, Ethereum’s native cryptocurrency, has seen corrections in the past few days. In particular, Ethereum has dropped by over 10% in the last week, trailing behind Bitcoin and the S&P 500. While this downtrend is prevalent
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, recently announced its intentions to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This bold move signifies a significant step forward in the world of cryptocurrency trading and marks a new era for these digital assets.
In the midst of escalating inflation and economic instability, Argentinians are turning to Bitcoin as a safe haven, with recent data showing a significant increase in cryptocurrency purchases. The surge in Bitcoin transactions has been particularly notable in the first week of March, with a reported 34,700 weekly purchases in Argentina. This represents a substantial
The price of Ethereum has been on a rollercoaster ride this month, with a promising start followed by bearish pressure. The uncertainty surrounding regulations has added to the negative sentiment surrounding Ethereum, leading investors to question the long-term potential of the coin. One of the key indicators of this lack of confidence is the significant
The meme coin sector has recently experienced a surge in popularity, with certain assets gaining significant traction on social media platforms. While early adopters have reaped substantial profits from tokens like SHIB and WIF, caution is advised due to the inherent volatility in this niche market. Top Performers in the Meme Coin Sector Contrary to
Ethereum, like the rest of the cryptocurrency market, is experiencing a pullback after reaching a new all-time high. The price of Ethereum has been moving downward after setting a new yearly high of $4,094. Currently trading around $3,360, the price is up by 0.64% in the last 24 hours. Looking at the chart, a support
The XRP Ledger (XRPL) has recently integrated automated market maker (AMM) functionality into its decentralized finance ecosystem. This new feature has already shown promising results with the creation of the first AMM liquidity pools supporting pairs such as XRP/USD and XRP/BTC. Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices and facilitate
The recent decline in Bitcoin’s price has had a negative impact on the spot Bitcoin ETF market, as reported by analytics firm BitMEX Research. Over the last four trading sessions, these BTC ETFs have experienced negative netflows. This decline has been particularly noticeable in Grayscale’s GBTC outflows and the record low inflows for other ETFs
The Solana community and the broader crypto ecosystem have recently been confronted with a disturbing trend – a surge in inflammatory memecoins that promote racism, anti-Semitism, and other offensive content. These tokens, created using Solana’s token creation feature, have sparked outrage and concern among users and industry players alike. Solana founder and CEO Anatoly Yakovenko
The recent surge in the popularity of meme coins, particularly Shiba Inu, has led investors to search for the next big thing in the crypto world. As Shiba Inu consolidates near $0.26, the attention has shifted towards a new ICO called Dogwifcat ($DWIFC) with the hope of reaping 1000x returns. With Shiba Inu’s market cap
As Bitcoin approached the highly anticipated Halving event, analysts at JPMorgan sounded a note of caution. They pointed to the recent net outflows from Spot Bitcoin ETFs as an indicator of bearish sentiment in the market. Led by Nikolaos Nikolaos Panigirtzoglou, the strategists highlighted the sustained open interest in CME Bitcoin futures as another worrying
Super Sushi Samurai, a highly-anticipated blockchain game on the layer-2 solution Blast, fell victim to an exploit just hours before its launch. The exploit, attributed to a white hat hacker, resulted in a loss of $4.6 million due to a critical bug in the smart contract code. This bug allowed the hacker to trigger an
Ever since March 20, Cardano’s price has been consolidating within the range of $0.61 to $0.64, failing to keep up with the market average. While other cryptocurrencies like Solana and Avalanche have seen double-digit gains, ADA has been stuck in a sideways movement. The on-chain data trends have been signaling a potential bearish reversal for
In the ever-evolving landscape of cryptocurrency, a new player has emerged on the scene – 5thScape. This groundbreaking project is the world’s first virtual and augmented reality cryptocurrency gaming ecosystem, offering investors access to a range of immersive experiences with hyper-realistic gameplay. With the rise of Web3 technologies, 5thScape is positioning itself at the forefront
WisdomTree, the issuer of a Bitcoin exchange-traded fund (ETF), has successfully obtained regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval comes in the form of a charter granted to the asset management firm to operate as a limited-purpose trust company
OKX and Immutable have recently announced a new partnership that is set to revolutionize the world of gaming through the launch of a GameFi NFT platform. This collaboration will not only bring a GameFi NFT launchpad to life but will also integrate Immutable’s zkEVM chain into both the OKX Marketplace and Wallet. The aim of
Immutable Games is gearing up for the global launch of Guild of Guardians, an eagerly awaited mobile role-playing game. This much-anticipated game is scheduled to be released on May 15th for both iOS and Android users. Players from all around the world will have the opportunity to venture into the mythical realm of Elderym, where
After a lengthy legal process, it seems that Do Kwon, the co-founder of Terraform Labs, will finally be extradited to South Korea. The Appellate Court of Montenegro recently upheld a decision to extradite Kwon, who was arrested in March 2023 in Montenegro alongside the Terraform Labs’ Chief Executive Officer. Kwon’s extradition has been the subject
Recently, the cryptocurrency market witnessed a surge in Bitcoin’s value, with the coin reclaiming the $67,000 mark. This unexpected spike led to a wave of liquidations, totaling nearly $300 million, catching many traders off guard. Data from Coinglass revealed that within a 24-hour period, approximately 86,047 traders suffered losses exceeding $250 million. Major exchanges like
In recent days, Bitcoin experienced a remarkable recovery, climbing from the $61,000 price level to $67,000 as Wednesday came to a close. This surge in price has sparked optimism among cryptocurrency enthusiasts, who are hopeful that a bullish movement could be on the horizon. However, it is important to note that Bitcoin has not yet
The newcomer AI-integrated security token and endearing meme coin, $Scotty The AI, made its debut on the decentralized exchange Uniswap amid much anticipation. The token launched at a modest price of $0.01 per token and quickly surged to $0.02597, marking a staggering increase of around 150% within just half an hour of trading. Investors who
BlackRock, a leading asset management firm, has recently chosen Coinbase as the main infrastructure provider for its tokenized investment fund known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of
The recent fluctuations in Bitcoin’s price have been nothing short of dramatic. After hitting an all-time high of nearly $74,000, the leading cryptocurrency experienced a sharp decline, dropping to a 2-week low of under $61,000. However, following the latest FOMC meeting, Bitcoin’s price reversed its trajectory and surged by over seven grand in a matter