The recent drop in the price of the Cardano (ADA) cryptocurrency below the $0.7 level can be attributed to profit-taking by ADA whales, according to data from the crypto analytics platform Santiment. As ADA reached a high of $0.8 on March 14, there was a noticeable reduction in whale transactions ($100,000 and above) on the
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The cryptocurrency market has witnessed a significant surge in the popularity of meme coins, with DogWifHat (WIF) emerging as a standout performer. Over the last seven days, WIF has seen a remarkable 42% increase in its value, leading the charge in a broader market rally that has also benefited other leading meme coins. This upward
Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with
As the Illuvium universe gears up for its much-anticipated debut, the blockchain gaming series has revealed its Beta 4 testing roadmap. The Private Beta 4 is scheduled to kick off on April 30th, 2024, marking the beginning of an exciting phase for the game’s development. The upcoming testing phase aims to involve a select group
Following the criminal charges levied against KuCoin by US authorities, the embattled crypto exchange experienced a surge in withdrawal requests. Data from various on-chain analytics firms indicated a notable increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers. During the reporting period, KuCoin witnessed significant withdrawals of Ethereum-based
The recent accusations against major cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, have shed light on the alleged failure to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. Prosecutors in the United States have claimed that this negligence allowed the platform to become a hub for laundering illicit funds from criminal
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has dropped to a nine-year low. On March 18, the Bitcoin balance on Coinbase fell to 344,856, signaling a trend of investors moving their holdings off exchanges for long-term storage rather than selling in the near future. This
Over the weekend, the crypto world was abuzz with news of a massive transfer of funds from the fifth richest Bitcoin address. A staggering $6 billion worth of Bitcoin was moved to three new wallets, leaving just a fraction of the original funds in the original address. This unprecedented transfer comes at a time when
KuCoin CEO Johnny Lyu recently addressed the US criminal charges against the exchange, emphasizing that the platform’s operational stability will not be impacted. He took to social media to assure users that their funds are safe and that timely updates will be provided regarding the situation. Despite the allegations, Lyu maintained that users’ assets are
In a groundbreaking move, TCG World has joined forces with SKALE to revolutionize the virtual reality experience. This partnership signifies a monumental step towards enhancing the metaverse landscape by combining TCG World’s cutting-edge virtual environments with SKALE’s blockchain scalability solutions. TCG World, known for its high-quality HDRP graphics and immersive gameplay, offers users a space
Portugal’s National Data Protection Commission (CNPD) recently announced its decision to ban Worldcoin from collecting biometric data, specifically data related to the iris, eyes, and face, for a period of three months. The CNPD justified this restriction by highlighting several key issues. Firstly, it pointed out that Worldcoin lacks a reliable mechanism for verifying the
The cryptocurrency market has been abuzz with the rise of meme coins, with LIGMA token making headlines recently. Despite its unconventional name, LIGMA has experienced significant gains of +188,000% in less than 24 hours. This meteoric rise has captured the attention of investors looking for the next big opportunity in the market. LIGMA’s launch on
The Sandbox, a decentralized virtual world, has reached a significant milestone by offering over 1,000 user-generated experiences on its platform. This unique virtual landscape is a testament to the creativity and innovation of its diverse community, which includes brands, gaming companies, and individual users. The continuous updates to the Game Maker tool and platform infrastructure,
$SCOTTY is not your typical meme coin. It serves as the backbone for an AI-powered blockchain security protocol that offers two exciting features. The first one is Scotty Swap, an AI-powered token swap protocol that not only analyzes blockchain data but also identifies potential threats before executing seamless and secure token swaps. The second feature
Ark Invest recently made headlines with their decision to sell 74,291 Coinbase shares, valued at $20.8 million, across three of their exchange-traded funds. This move comes shortly after the firm sold over $100 million worth of Coinbase shares last week as the price of COIN reached new yearly highs. One of Ark Invest’s strategies is
Rekt Capital, a well-known cryptocurrency expert, has recently pointed out a pattern in the Bitcoin market that resembles the pre-halving retrace of 2020. This observation comes at a time when Bitcoin is showing significant momentum, surpassing the $70,000 mark and recovering from a recent downtrend. The analyst believes that the recent pullback might be nearing
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently imposed sanctions on several entities and individuals in the financial services and technology sectors of the Russian economy. This move comes in response to reports of these entities engaging in activities that enable the evasion of US sanctions, particularly in the
As Ethereum (ETH) strives to reach the $4,000 price milestone, it faces a pivotal moment marked by regulatory challenges from the US Securities and Exchange Commission (SEC). Analysts are divided on the impact of potential regulatory intervention on Ethereum’s trajectory. Captain Faibik’s analysis suggests a bullish pattern in ETH’s four-hour candlestick chart, indicating a possible
The collaboration between Avalanche, Alipay+ D-store, and its e-wallet partners in Southeast Asia marks a significant step towards revolutionizing the traditional voucher programs. The Web3-enabled voucher program aims to offer users up to 50% discounts on milk teas from renowned brands, with plans to expand to over 2,000 outlets. This innovative approach not only enhances
Doctor Profit, a respected cryptocurrency analyst, has recently shared his insights on Bitcoin’s current trajectory. While many in the crypto community have expressed concerns about the recent performance of Bitcoin, Doctor Profit remains optimistic about the future of the leading cryptocurrency. In his analysis, he delves into key factors such as Life Cycle Assessment (LCA),
CommEX, a crypto exchange that once took over Binance’s operations in Russia, has recently declared its decision to close its operations in the country. The announcement came after Binance’s exit from the Russian market in September 2023, with a projected timeline of one year for the process to be completed. CommEX Russia shared in a
Bitcoin’s price has been experiencing a period of sideways consolidation around the significant $60K price level. Although there was a surge towards the all-time high of $73K, the price has since corrected and found support between the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This consolidation phase has increased buying pressure, leading to a
In a recent statement, Binance revealed its decision to terminate support for Tron network-based USD Coin (USDC) stablecoins by April 5. This move comes after Circle’s withdrawal from the Tron blockchain, prompting Binance users to withdraw their assets or convert them to USDC on other networks within a two-week window. With less than two weeks
The recent surge in popularity of SOLGraph, a spin-off of the Graph token on the Solana network, has caught the attention of investors in the volatile meme coin market. SOLGraph stands out from other meme coins by offering actual utility as the settlement layer for a new SocialFi project on the Google App-store. Despite experiencing
The recent escape of Nadeem Anjarwalla, a Binance executive detained by Nigerian authorities, has sent shockwaves through the cryptocurrency community. After managing to flee from custody, Anjarwalla’s whereabouts are currently unknown. This incident has highlighted the cracks in the Nigerian security system and raised questions about the ease with which high-profile individuals can evade the
The recent implementation of anti-money laundering regulations in the European Union has sparked a contentious debate regarding the balance between combating financial crime and preserving citizens’ rights to privacy and economic freedom. The regulations have drawn both criticism and support from various stakeholders, leading to a heated discussion on social media platforms. Patrick Breyer, a
When it comes to the future price trajectory of Bitcoin in 2024, analysts are divided between optimism and caution. One of the leading voices in the bullish camp is Cryptoyoddha, a prominent crypto analyst known for his meticulous tracking of historical Bitcoin price movements. According to Cryptoyoddha, each cycle of Bitcoin follows a similar pattern: