The recent surge in demand for Bitcoin (BTC) in the United States, triggered by Federal Reserve chair Jerome Powell’s remarks at the Jackson Hole symposium, has sparked significant interest among investors. However, this surge in demand seems to be contained within the U.S. market, as the overall growth in Bitcoin demand remains relatively low and
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Tony is a dedicated writer who has found his passion in the ever-evolving world of cryptocurrency. His journey into the digital asset industry was not planned, but it has become a central part of his life for over two years now. Tony enjoys breaking down the complexities of blockchain technology and sharing his insights on
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of journalism and content creation. His passion for cryptocurrency shines through as he uncovers the complexities and intricacies of blockchain technology. Semilore believes in the efficiency of digital assets for storing and transferring value, and he is a staunch advocate for the
The US Securities and Exchange Commission (SEC) has recently emphasized the urgency for retail investors to have quicker access to fund portfolio data. The current regulatory framework requires registered investment companies to provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, impacting a significant portion of the population
As the highly-anticipated Bitcoin bull run of 2024 unfolds, it is evident that the journey towards the coveted $100,000 mark has not been smooth sailing. Despite an initial surge that saw the asset break its 2021 all-time high, Bitcoin has struggled to maintain its momentum. The recent failure to surpass the March ATH of nearly
Ethereum (ETH) has been facing challenges in recent days, with the price struggling to break past the $2,600 mark. This has raised concerns among analysts and investors, especially when compared to Bitcoin’s strong performance. Data from Farside Investors shows decreasing interest in Ethereum ETFs, which has contributed to the cautious sentiment surrounding ETH. The lackluster
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a $60 million Ponzi scheme. The complaint alleges that the brothers defrauded over 80 individuals by falsely claiming to operate a crypto bot that guaranteed a monthly return of 13.5%. The SEC’s Associate Director of
The world of cryptocurrency prides itself on decentralization, but recent data has shown a concerning trend towards centralization among some of the top altcoins. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have emerged as prime examples, with a high concentration of holdings among the top wallets, raising alarms about the potential risks involved. Santiment’s
The United Kingdom’s regulatory environment is proving to be a major stumbling block for crypto firms looking to operate within its borders. According to a report by the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three
Ethereum co-founder Vitalik Buterin has once again made headlines in the cryptocurrency community by transferring a significant amount of ETH. These transactions have sparked debates and raised questions about the role of ETH as a store of value, as well as the transparency of the Ethereum Foundation’s operations. Vitalik Buterin recently moved 800 ETH, valued
In recent news, the Nigerian Securities and Exchange Commission (SEC) has made significant strides in granting Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax. This approval falls under the Accelerated Regulatory Incubation Program (ARIP), which aims to onboard operational firms ahead of the upcoming release of the Rules on Virtual Asset Service
Floki Inu (FLOKI) recently experienced a significant drop in price, with a decrease of nearly 20% on a daily scale. The meme coin is currently trading around $0.0001272, and its market capitalization has fallen to $1.23 billion. This decline in value has caused Floki Inu to slip from its position among the top 5 meme
The past week has been a rollercoaster ride for Bitcoin, starting with a surge to over $64,000 on Saturday after positive developments in the US. However, things took a turn for the worse as the week progressed. By Wednesday, Bitcoin had lost over $7,000 in value, dropping below $58,000 for the first time in weeks.
Blowfish Studios, a key game development studio under the Animoca Brands umbrella, has been making waves in the gaming industry with its latest project – DarkTimes. This medieval-themed multiplayer PvP game is set to shake up the gaming world with its unique approach to gameplay and integration of blockchain technology. Drawing inspiration from Nordic mythology,
Elon Musk, the CEO of Tesla Inc., recently won the dismissal of a high-profile $258 billion lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), the popular meme-based cryptocurrency. U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, dismissing the claims made by a group of disgruntled investors.
Crypto exchanges Binance and Bybit have recently teased the launch of new products related to Solana, leaving the crypto community buzzing with speculation. Binance’s official X account dropped a mysterious “BNSOL” message hinting at something “coming soon,” while Bybit announced the arrival of “bbSol” on its platform. While no specific details have been provided by
Cardano (ADA) has faced significant challenges in the cryptocurrency market in recent years, despite being considered one of the top altcoins. The stagnant price growth of Cardano has left investors and analysts wondering about the reasons behind its underperformance. A closer look at the market dynamics reveals important insights into the future potential of Cardano
Timing the Bitcoin market is a challenging task that many cryptocurrency traders strive to achieve. One popular method used by crypto analysts is the Elliot Wave analysis, which attempts to predict the ideal time to buy Bitcoin based on market patterns and indicators. Recently, R.N. Elliot has presented a compelling argument for why now might
The age requirements for buying and selling cryptocurrency have become a topic of interest for many individuals looking to enter the crypto market in 2024. It is crucial to be aware of the legal minimum age needed to purchase cryptocurrencies to ensure compliance with regulations and make informed decisions in the world of digital assets.
The cryptocurrency market is known for its volatility, with prices fluctuating rapidly based on a variety of factors. In recent days, the seven-day chart showed some interesting movements among major crypto assets, with most top coins experiencing a downturn. However, one notable exception was Popcat, a meme coin that saw a significant surge in price,
Samuel Edyme, also known as HIM-buktu, is not your average web3 content writer and trader. His story is one of resilience, determination, and constant evolution. Unlike many others in the industry, Edyme’s path into the world of cryptocurrency did not begin with success, but with a harsh lesson learned from a scam. This initial setback
The recent actions of the US Securities and Exchange Commission targeting various cryptocurrency platforms have caused quite a stir in the industry. The latest platform in the line of fire is OpenSea, a popular NFT marketplace. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in the regulator’s move, sparking
The world’s largest cryptocurrency exchange, Binance, recently announced the addition of new trading pairs and services to its platform in an effort to enhance user experience and respond to ongoing market trends. These new additions include DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, Binance will also be offering trading bot services for various
Cardano, the blockchain network founded by Charles Hoskinson, is on the brink of a major upgrade that will revolutionize its governance structure. The Chang hard fork, initially scheduled for August 27, has been delayed to September 1, 2024. This delay, according to Hoskinson, is to allow crypto exchanges like Binance to prepare for the transition
The recent $234 million hack on the WazirX platform has led the company to enter into an initial 30-day moratorium. This decision comes as a shock to the cryptocurrency industry, especially with the pending decision by Singapore’s High Court on whether to grant an extension. CoinSwitch, a rival platform, has also announced its intention to
OpenSea CEO Devin Finzer recently made headlines after revealing that the company had been served with a Wells Notice by the US Securities and Exchange Commission (SEC). This notice was issued based on the SEC’s belief that the NFTs (Non-Fungible Tokens) traded on the platform should be classified as securities. Finzer expressed shock and disappointment
In the second quarter of 2024, Cardano and its native token, ADA, faced significant challenges, as highlighted in a recent report by data intelligence firm Messari. The report indicated a notable decline in various metrics, reflecting the broader downturn affecting the cryptocurrency market. ADA’s price plummeted by 39.7% to $0.39, while its market capitalization fell