Recently, Binance’s NFT marketplace made a major announcement regarding the future of Bitcoin Ordinal NFTs on its platform. After April 18, users will no longer be able to buy, deposit, bid on, or list these unique digital assets. This decision marks the end of an era for Bitcoin Ordinals on Binance, as the platform shifts
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Cryptocurrency analyst PlanB recently made a bold statement regarding Bitcoin’s price potential. Despite the current bearish sentiments surrounding the flagship cryptocurrency, PlanB believes that Bitcoin will hit $100,000 this year. In a video on his YouTube channel, he stated that reaching $100,000 is “inevitable” and suggested that it could just be the starting point for
In a bold and daring prediction, banking giant VanEck has placed an astonishing $1 trillion valuation on Ethereum Layer-2 (L2) solutions, highlighting the critical importance of efficiency gains and scalability improvements in the evolution of blockchain technology. According to VanEck researchers, these Layer 2 scaling networks are projected to reach this sky-high market valuation by
The Ethena token (ENA) has recently made headlines with a 13% surge in just 24 hours and an overall increase of 53% since its listing on Binance. ENA serves as the governance token for Ethena’s decentralized finance (DeFi) protocol, which offers a yield-earning dollar-pegged stablecoin called USDe with an impressive 35% APY. Unlike traditional stablecoins
The recent court hearing on April 4 in Nigeria regarding the criminal charges against crypto exchange Binance highlighted a concerning lack of legal representation. Despite facing serious allegations, Binance did not have any legal counsel present at the hearing. Instead, the company’s compliance chief, Tigran Gambaryan, attended the hearing on behalf of the organization. This
The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the digital assets significantly affected. On a seven-day scale, BTC’s price has dropped by around 6%, currently trading at approximately $65,400. One possible reason for this heightened volatility and declining value could be attributed to profit-taking by long-term holders.
The Coachella Valley Music and Arts Festival, popularly known as Coachella, has stood the test of time since its establishment in 1999. With its reputation for attracting top-tier musical acts, stunning art installations, and trendsetting attendees, Coachella has cemented its status as a cultural powerhouse in the music festival scene. As technology continues to advance
Lithuania has announced its plans to implement stringent licensing requirements on crypto firms by 2025. The new regulations are aimed at reducing the number of companies operating in the country, with only a select few expected to meet the comprehensive criteria for full permits. Central bank board member Simonas Krepsta highlighted that out of the
The recent surge of Wally the Whale token in the crypto market has caught the attention of many investors. With an astonishing 44,510% gain in just 24 hours, WALLY has become a viral sensation. The price action of WALLY has been nothing short of spectacular, with the token currently trading at $0.00000216. The launch of
The recent sharp downturn in the price of Bitcoin, which dipped below $67,000, has caused concern among investors. However, crypto analyst Michael van de Poppe has taken a different stance, encouraging the crypto community to view this decline as an opportunity to acquire BTC at a lower price. In a recent post on X (formerly
The recent analysis by industry analytics provider Glassnode indicates a significant shift in the behavior of long-term holders of Bitcoin. They have started distributing BTC and selling to new investors at higher prices. This activity has led to an injection of new capital into the asset class, ultimately increasing the realized cap to new heights.
Recently, KuCoin has been facing legal challenges from US authorities, resulting in a significant drop in user assets on the platform. The latest proof-of-reserve certificate from the exchange revealed that users’ Bitcoin holdings decreased by 25.4% to 12,114 BTC in March. Additionally, Ethereum balances plummeted by approximately 22% to around 112,000 ETH, and the amount
In the fast-evolving world of cryptocurrencies, a new player has emerged and captured the attention of millions – Notcoin. This Telegram-based clicker game developed by Open Builders has become a sensation within the community. With its upcoming token launch on The Open Network (TON) scheduled around April 20, Notcoin is poised to make a significant
March proved to be an incredibly lucrative month for the Bitcoin mining industry, with miners collectively earning over $2 billion for securing the leading cryptocurrency network. Data from Blockchain.com reveals that miners raked in an average of $65.23 million per day throughout the month of March, setting a new record for their daily earnings. The
The popular Solana meme coin DogWifHat (WIF) experienced a significant drop of 17% in its value within a 24-hour period, causing it to trade at $3.69 at the time of writing. This decline is part of a broader market pullback that also affected Bitcoin and Ethereum, reducing their values by approximately 5%. Despite Bitcoin trading
Recently, Tether, the world’s largest stablecoin issuer, made a significant purchase of Bitcoin, acquiring 8,888 BTC on March 31. This move has stirred up discussions within the crypto community as to why Bitcoin’s price has dipped despite such a bullish development. Tether now holds nearly 75,400 BTC, ranking it among the largest Bitcoin holders globally.
ALTAVA, a trailblazer in the digital fashion realm, has joined forces with Play TOZ, a Web3 division of WEMADE PLAY, to introduce a groundbreaking partnership set to enhance the TOZ Universe, a Web3 Metaverse community. This innovative collaboration aims to blend digital fashion with user engagement within the vast virtual world of TOZ Universe. At
Singapore’s Monetary Authority (MAS) recently made significant changes to its Payments Service Act (PSA) in an effort to strengthen its oversight and enhance user protection in the cryptocurrency industry. This move reflects Singapore’s commitment to becoming a leading hub for cryptocurrency activities while maintaining a regulatory environment that encourages innovation and safeguards investors. MAS has
In March 2024, blockchain security firm PeckShield released a report highlighting a troubling trend in the world of cryptocurrencies. The report revealed that there were over 30 incidents of hacks, resulting in approximately $187.29 million in losses. This surge in crypto hacks is particularly concerning as it can have a significant impact on investor confidence
The Bitcoin Halving event is quickly approaching, with just a few more blocks left before miners’ rewards are slashed in half. According to data from Coinwarz, the Halving is expected to occur on April 19 at Block 840,000. This event, programmed into the Bitcoin protocol by Satoshi Nakamoto, takes place approximately every four years or
In a recent interview with Fortune, Coinbase CFO Alesia Haas expressed her belief that Ethereum (ETH) should not be classified as a security. This stance is supported by both the SEC and the CFTC, who have previously stated the same opinion. Haas attributed the uncertainty surrounding the classification of Ethereum to the lack of clear
The cryptocurrency market is eagerly anticipating the upcoming Bitcoin Halving, with many market analysts predicting further upside movements for the flagship crypto, Bitcoin. However, amidst all the attention on Bitcoin, crypto analyst Jason Pizzino has recently made a compelling case for alternative cryptocurrencies like Ethereum (ETH) and Solana (SOL), emphasizing the significance of paying attention
WAX has recently made a groundbreaking announcement regarding its partnership with Amazon Web Services (AWS) to integrate its blockchain tools into the Amazon Managed Blockchain (AMB) service. This strategic move is aimed at streamlining the development process for blockchain-based games and applications by providing direct access to WAX’s Web3 networks through the AWS console. By
Argentina has recently taken significant steps towards regulating the cryptocurrency industry within its borders. The government has introduced legislation requiring all local crypto firms to register with a new regulatory body dedicated to the sector, or face the consequence of ceasing operations entirely. This move aligns with recommendations from the Financial Action Task Force and
Nakamoto Games, a Web3 gaming hub, is gearing up for three major releases in the near future, signaling a pivotal moment in the company’s journey. These upcoming launches are poised to make a significant impact in the gaming industry and solidify Nakamoto Games’ position in the market. The first of the three releases is GalacticGrail,
Bitwise Asset Management, a key player in the cryptocurrency index fund market, has urged the U.S. Securities and Exchange Commission (SEC) to postpone the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. Chief Investment Officer Matt Hougan shared with Forbes his concerns that the industry’s current emphasis on Bitcoin-related products may be taking
Popular cryptocurrency analyst and enthusiast, Rekt Capital, recently discussed the breakout process of Bitcoin (BTC) from a weekly range. He pointed out that Bitcoin has been stuck within a weekly range named Black-Black, ever since it faced an 18% correction. This range was formed by the candle-bodied peak and the upside-wicking peak from 2021. Rekt