The recent decline in demand for Spot Bitcoin ETFs has had a significant impact on the broader crypto market. On April 26, there were considerable outflows recorded, with the total net outflows reaching $217 million on April 25 alone. Grayscale’s Bitcoin Trust (GBTC) accounted for the majority of these outflows, with investors pulling $139.4 million
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The TON Foundation has recently made an announcement regarding an airdrop opportunity for active NFT traders and holders. This airdrop will distribute 105,600 TON tokens, equivalent to around $600K, to eligible participants on popular Ton NFT marketplaces. The TON Foundation is a non-profit organization focused on promoting and developing the Ton blockchain. This blockchain is
Jabara Igbara, better known as Jay Mazini on Instagram, has recently made headlines for all the wrong reasons. Once boasting about being a crypto millionaire on social media, Igbara has now been sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence comes as a result of wire fraud and money
Recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The analysis reveals a significant decrease in ‘profitability’ for ADA holders compared to other cryptocurrencies like Bitcoin and TRX. This article aims to delve deeper into the implications of this trend and explore potential future prospects for
In the recent surge of meme coin popularity, ELON, an ERC-20 token inspired by Elon Musk, saw an impressive 229-fold increase in its price overnight. Despite its association with the legendary meme coin community figure, Elon Musk, there is actually no official connection between the token and the entrepreneur. ELON is currently trading at a
Bitcoin (BTC) has experienced significant pullbacks since the bear market in 2022, with losses of up to 23% at times. Recognizing the depth of these declines can be crucial for investors looking to maximize their returns. Rebounds from these drops often result in substantial gains, making it essential to pay attention to the market movements.
Renowned chief economist and Bitcoin critic, Peter Schiff, has recently made a cautious prediction regarding the world’s largest cryptocurrency, Bitcoin. Schiff highlighted the critical importance of Bitcoin maintaining a stronghold above $60,000 in order to avert a substantial price decline. In his recent social media post, Schiff shared a price chart of Bitcoin against the
The recent news of Ethereum experiencing a 5% price drop within 24 hours has sent ripples across the cryptocurrency market. This drop is attributed to the growing speculation that the highly anticipated Ethereum Exchange-Traded Funds (ETFs) may face rejection by the US Securities and Exchange Commission (SEC). According to a recent report by Reuters, various
The recent approval of new Anti-Money Laundering Regulations (AMLR) by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) in Europe. These regulations mandate stringent Know Your Customer (KYC) procedures to combat money laundering. CASPs, including banks, assets and crypto asset managers, as well as real and virtual estate agents, are now
The rise of blockchain technology has brought significant changes to the gaming industry, challenging traditional models with decentralized alternatives that prioritize player ownership and new revenue streams. In this landscape, Beam shines as a gaming-focused subnet on the Avalanche Network, offering a fast and secure platform for developers and gamers alike. The Unique Approach of
Binance’s co-founder and former CEO, Changpeng ‘CZ’ Zhao, recently submitted a letter of apology to the court on April 24. In the letter, Zhao expressed regret for his poor decisions and accepted full responsibility for his actions. He acknowledged that he should have implemented compliance changes at Binance earlier on and highlighted the stringent controls
The price of Bitcoin has been highly volatile leading up to the Bitcoin Halving event, but has since shown signs of stability and growth. With the price reaching $66,000, many top crypto analysts are making bullish predictions regarding the future path of the coin. Captain Faibik, a respected cryptocurrency analyst and trader, has put forward
The Nigerian authorities are intensifying their efforts to clamp down on crypto trading, with a specific focus on peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating document on social media has revealed that the Central Bank of Nigeria (CBN) has instructed financial institutions to identify and impose restrictions on individuals or
The cryptocurrency market is witnessing a surge in meme coins such as Bonk Inu, dogwifhat, and others. These meme coins are gaining popularity and experiencing significant price increases. While leading meme coins like Dogecoin and Shiba Inu are showing more modest gains, newer entrants are grabbing the spotlight with daily price spikes. In recent trading
As the crypto market continues to ebb and flow, many investors are looking for the best opportunities to put their money into. While Bitcoin remains the most well-known and trusted crypto asset, other altcoins are also gaining traction in the market. One such altcoin that has been making waves recently is Hedera Hashgraph (HBAR). This
NuggetRush is not your average game. It immerses players in a 3D mining metaverse, offering a plethora of resource-rich lands to explore. Whether you prefer solo adventures or team gameplay with friends, NuggetRush provides the tools and machinery necessary for efficient resource mining. One of the standout features of NuggetRush is its NFT characters with
Charles Hoskinson, the founder of Cardano, is delving into the world of blockchain gaming with his latest venture. The first game to come out of this endeavor is Voyager: Ascension, a fast-paced sci-fi shooter developed in collaboration with RFLXT, a company under the IOG portfolio. This game, reminiscent of Overload, is now available for free
Cardano (ADA) has recently dropped out of the global top 10 crypto rankings, sparking concerns among investors. The price of ADA is currently hovering just above $0.50, down nearly 3% for the day. Despite a 25% increase from its recent lows, ADA is still trailing behind other major cryptocurrencies in terms of performance. The lackluster
Block Inc., led by Jack Dorsey, has recently announced a groundbreaking development in the world of Bitcoin mining. The company has successfully completed the design of its three nanometre (3nm) Bitcoin mining chip, which is set to revolutionize the mining industry. This achievement marks a significant milestone for Block Inc.’s mining project and signals a
Venezuela’s state-owned oil and gas company, PDVSA, is reportedly looking to accelerate its use of cryptocurrency, particularly USDT, the largest stablecoin by market capitalization. The company started integrating USDT for oil sales in 2023 and has now implemented a new policy requiring new customers to have a digital wallet holding cryptocurrency. This move comes in
The Dork Lord token, also known as DORK, has recently seen a significant surge in value, skyrocketing by an impressive 83,810%. This PEPE-style token, built on the Solana blockchain, gained popularity on social media platforms like Crypto X (formerly Twitter) after catching the attention of SOL meme coin enthusiasts and alert bots. Despite its initial
Two leading organizations in the cryptocurrency realm, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently taken a bold step by filing a legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC’s alleged overreach in sanctioning a rule that redefines the parameters for determining a
Stablecoin issuer Tether has announced that they will freeze any addresses linked to sanctioned entities. This move comes after reports revealed that state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for Tether stated that the company respects the Office of Foreign Assets Control (OFAC) SDN list and is dedicated to
With the recent Bitcoin halving event causing significant changes in the cryptocurrency space, Bitfinex’s analysis provides reassurance to investors regarding the market dynamics of BTC post-halving. According to Bitfinex’s Alpha report released on April 22, the on-chain data indicates positive developments for Bitcoin despite the current uncertainty in the United States economy. The report highlights
The recent surge in Ethereum’s market recovery has been attributed to significant buys suspected to have been made by Tron’s founder, Justin Sun. Sun’s accumulation spree has once again brought attention to the bullishness of crypto whales towards Ethereum despite its fluctuating prices. According to on-chain analytics platform Lookonchain, a mysterious wallet suspected to belong
Meta has recently announced its plans to expand its Meta Quest ecosystem by allowing third-party manufacturers, such as Xbox and Lenovo, to use the Meta Horizon OS operating system in their devices. This move is expected to revolutionize the metaverse and make mixed-reality technologies more accessible to a wider audience. Meta has been investing in
Recent data indicates that Ethereum Open Interest has been lingering at lower levels, raising concerns about the potential impact on the cryptocurrency’s price movements. When looking at the total number of derivative contracts open for Ethereum across all exchanges, the Open Interest serves as a key indicator of investor sentiment in the market. An increase