The cryptocurrency industry is a rapidly evolving one, with new developments occurring on a daily basis. However, alongside these advances, there is a growing threat from hackers and malicious actors who take advantage of inexperienced users to steal their digital assets. This risk is particularly pronounced in the meme coin sector, where coins like Shiba
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Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey into the world of blockchain and digital assets began with a curiosity for understanding the complexities and intricacies of this emerging technology. What sets Semilore apart is his ability to dissect the nuances of cryptocurrency, making it accessible and
Bitcoin, the leading cryptocurrency in the market, has recently experienced a sudden drop in price, falling below the $54,000 mark on July 5. This event has reignited concerns among investors regarding the inherent volatility associated with the crypto market. In the larger context, Bitcoin has seen a decline of 7% and 20.25% in the past
Cardano (ADA) has seen a significant 3.4% increase in its price over the past 24 hours, signaling a potential bullish reversal. This surge comes amidst a broader market recovery, with Bitcoin and Ethereum also experiencing slight gains of 2.5% and 2.2%, respectively. Accumulation by whales, investors holding large amounts of ADA, has played a key
The deputy director of the Central Bank of Nigeria (CBN), Olubukola Akinwumi, made serious allegations against Binance, a popular cryptocurrency exchange platform. Akinwumi accused Binance of conducting transactions that are typically reserved for authorized banks and financial institutions. This accusation was a part of his testimony in an ongoing lawsuit brought by the Economic and
The recent news regarding the restitution of Mt. Gox users has created a sense of uncertainty in the market. Bitcoin prices have been on a decline since the beginning of June, failing to gain any meaningful upward momentum despite ETF inflows. With the price falling under $60,000 on July 3rd, followed by another drop the
In the past few days, the crypto markets have experienced a significant drop of 15%, resulting in over $350 million leaving the space. This decline has led to the breaking of monthly support levels, causing crypto assets to plummet to their lowest levels since late February. The return of bearish sentiment has raised concerns among
Market UpdateLast week, the cryptocurrency market experienced notable volatility with significant fluctuations in Bitcoin and Ethereum prices. Bitcoin started strong, testing upper resistance at $62,769 but faced hurdles as it approached $64K, eventually dipping below $60K to close a CME gap. Despite a brief surge, Bitcoin fell to $56,952 influenced by the Mt. Gox distribution
Cryptocurrency journalism has seen a rise in the past few years with individuals like Semilore Faleti leading the way. As a specialized writer in the field, Semilore has shown a deep understanding of the complexities and intricacies of blockchains and digital assets. His dedication to educating and informing his audience sets him apart in the
Meme coins have been the stars of the cryptocurrency world during the recent bull run. Tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) have seen significant gains, riding the wave of the market’s upward momentum. However, with the current market correction, the progress of these meme coins has slowed down. One potential catalyst that could
The recent downturn in the cryptocurrency market has sparked concern among investors, especially for Ethereum, which has seen a notable drop in value. Notably, economist Peter Schiff has made a bold prediction, suggesting that Ethereum could plummet to as low as $1,500. This forecast comes at a time when Ethereum is struggling to maintain its
PancakeSwap, a popular multi-chain DEX, recently revealed a significant community reward program set to take place from July 5 to August 5. This program will see the distribution of more than 2.45 million zkSync (ZK) tokens to community members who have shown support for the zkSync PancakeSwap deployment since July 2023. The goal of this
Taiwan Mobile, the second-largest telecom operator in Taiwan, recently made headlines by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move was in line with the Financial Supervisory Commission’s efforts to regulate virtual currency platforms and prevent money laundering. The company’s General Manager, Lin Zhichen, has been named as
Former Solicitor General Donald B. Verrilli, who previously served under the Obama administration, has recently accused US regulators of intentionally stifling the growth of the crypto industry through debanking practices. This accusation comes as a joint amicus brief was filed on July 3 alongside Paul Clement, the former Solicitor General under President George W. Bush.
RETROBLOCK is a groundbreaking GameFi platform that is set to change the way we experience retro gaming. With a focus on competition, interaction, and rewarding gameplay, RETROBLOCK aims to provide players with a unique and immersive gaming experience like never before. One of the most exciting features of RETROBLOCK is the upcoming launch of the
Double Jump.Tokyo, a prominent blockchain application developer based in Japan, has recently unveiled an exciting collaboration with Ubisoft that is set to revolutionize the gaming industry. The partnership will not only provide web3 integration support but also establish Double Jump.Tokyo as a key marketing partner for Ubisoft’s web3 game, Champions Tactics, in the Asian market.
The European Banking Authority (EBA) recently announced an update to its Travel Rule guidelines that will now include crypto service providers and intermediaries. This update, which will come into effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The aim of these guidelines
In the last 24 hours, the cryptocurrency market has experienced a significant decrease in total capitalization, dropping to $2.07 trillion. This 8.6% decrease has had a major impact on leading digital assets, with many seeing losses and only a few managing to maintain positive momentum. The primary cryptocurrency, Bitcoin, has been hit hard, with its
The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents a substantial portion of the total Bitcoin supply, causing market anxiety among investors and analysts. The fear of massive selling by these creditors has led to preemptive selling
In the midst of the recent turmoil in the cryptocurrency market, Ethereum (ETH) has not been immune to the chaos. With a notable 9% decrease in price over the past week, Ethereum now stands at the $3,130 level. Market watchers are keeping a close eye on the situation, with a particular focus on key levels
Bitwise, a prominent asset management firm, recently made amendments to its S-1 registration statement with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). The decision to amend the registration statement comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a strong background as a web3 content writer, journalist, and aspiring trader. His writing skills have led him to contribute to various well-known platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s journey into the world of cryptocurrency was not without
Bitcoin has recently experienced a dip below $60,000, causing concern among investors. However, crypto expert Michael van de Poppe believes that there is hope for a rebound. He points to the closure of Bitcoin’s CME gap as a positive sign, suggesting that the cryptocurrency could see a relief bounce from its current price level. Van
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with the opportunity to access a variety of meme coins in the market through a single contract. Referred to as the “S&P500 for crypto meme coins,” this new offering enables
Recently, the Financial Supervisory Service (FSS) in South Korea has announced plans to tighten oversight of cryptocurrency trading platforms under its jurisdiction. The goal is to eliminate fraudulent transactions within the crypto space. The regulator has mandated that local exchanges must establish a continuous monitoring system for unfair transactions and report any abnormal activities via
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase typically involves miners either shutting down their operations or selling off some of their Bitcoin holdings. Interestingly, historical data suggests that such a period often precedes a bottoming out of Bitcoin prices, signaling a potential uptrend for the digital asset. Since the
DraftKings, a leading online sportsbook operator, is currently facing legal challenges, particularly regarding the DraftKings NFT lawsuit. The recent ruling by a US District Judge in Massachusetts rejecting DraftKings’ motion to dismiss a class action lawsuit related to its NFTs has significant implications for the classification and regulation of NFTs. The class action lawsuit, initiated