The recent testimony by US Federal Reserve Chair Jerome Powell highlighted the regulator’s distance from considering or recommending a central bank digital currency (CBDC). During a Senate Banking Committee hearing on monetary policy, Powell reassured lawmakers about the Federal Reserve’s commitment to protecting the privacy of American citizens. He emphasized that the Fed would not
The recent surge in Bitcoin’s price to a new all-time high of $69,200 was met with excitement and optimism in the crypto community. However, this euphoria was short-lived as the price quickly plummeted to $61,200 in the hours that followed. On-chain data has revealed an interesting scenario that contributed to this sudden crash – the
Neon Machine’s highly-anticipated flagship game, Shrapnel, has been gaining attention in the blockchain gaming world due to its innovative use of SHRAP tokens. These tokens play a crucial role in the Shrapnel ecosystem by providing rewards for early access competitions, enabling player-created content, and facilitating community votes. Given the significance of the SHRAP token, Neon
Recently, Binance.US has been grappling with significant hurdles, such as mandated staff layoffs and a notable decrease in revenue, all triggered by legal proceedings initiated by the U.S. Securities and Exchange Commission (SEC). Chief Operating Officer Christopher Blodgett unveiled in court documents that the company had to let go of more than 200 employees, which
The recent surge in Bitcoin’s price, leading to a new all-time high, had a ripple effect on Ethereum. After reaching above $3,800, Ethereum experienced a significant price drop of over 10%. However, the second-largest cryptocurrency managed to recover from the dip and briefly touched $3,900. This milestone marked the first time in over two years
After a recent decline in the value of Cardano (ADA) following Bitcoin’s withdrawal from its all-time high, crypto analyst Dan Gambardello has shared his insights on what this pullback could mean for the broader bull market. Contrary to the negative sentiment surrounding the decline, Gambardello believes that this could actually be a positive development for
As Pepe Coin starts to plateau below its recent record highs, investors are beginning to divert their attention to a new initial coin offering (ICO) called $PEEN. The allure of potentially reaping 100x return on investment (ROI) tokens is driving this shift in focus. Pepe Coin (PEPE) has experienced a remarkable 150% increase in value
As the price of Bitcoin recently reached the $69,000 mark, there has been a notable pullback in its value. This has sparked a bearish sentiment across the crypto market, with several top analysts predicting a further decline in the price of Bitcoin. One such analyst, Ali Martinez, has drawn attention to key indicators that suggest
Bitcoin experienced a brief moment in the spotlight on March 5th when it surged to its all-time high of $69,000. However, this moment was short-lived as the cryptocurrency quickly faced a 14% correction, pulling its price down to $59,300. Despite this correction, Bitcoin managed to regain some ground in the early hours of March 6th,
Ubisoft, one of the leading game development companies, has recently announced a collaboration that is set to revolutionize the gaming world. Partnering with Ethereum NFT card game Cross the Ages, Ubisoft is introducing Watch Dogs-inspired NFT cards that will take player immersion to a whole new level. This unexpected partnership brings together the worlds of
The Securities and Exchange Commission (SEC) filed a joint motion on March 5, urging the court to take further action against Binance.US. The SEC alleged that Binance.US failed to comply with regulatory requests for information on customer assets. The SEC pointed out various deficiencies in Binance.US’s inspections, lack of transparency in company operations, and refusal
The Ethereum Foundation, a non-profit organization, recently made headlines with an unexpected move – initiating a significant ETH sell-off to a single address. This action has sparked speculation within the cryptocurrency community about a potential market peak. The foundation’s wallet address, identified as “Cumberland Forwarder,” was the recipient of three ETH transactions, with two of
Cardano, with its recent surge in price hitting a 2-year peak of $0.78, has positioned itself as a strong contender in the altcoin market. This upward trend has outperformed other major cryptocurrencies like Solana, signaling a shift in investor sentiment and market dynamics. In the past week, altcoins, including Cardano, have seen substantial gains while
Pepe (PEPE), one of the biggest meme coin launches of 2023, has caught the attention of investors with its recent price explosion. With a staggering +707% monthly gain, Pepe coin has reached a new all-time high, dominating trending coin rankings on major exchanges. Despite a minor retracement from the peak, Pepe is currently trading at
Cryptocurrency exchange Binance made the bold move to discontinue all services associated with the Nigerian local fiat currency, Naira (NGN), in a phased approach. This decision, made public on Mar. 5, came as a surprise to many as Binance announced that Nigerian users would no longer have access to various services related to NGN. The
Recently, Peter Schiff, the founder of Euro Pacific Asset Management and a known cryptocurrency skeptic, cautioned investors about the surge in Bitcoin prices, labeling it as the “ultimate asset bubble.” His remarks came as Bitcoin price soared past $61,500, reaching new heights. However, his skepticism seemed misplaced as the cryptocurrency continued to trade above $65K
Despite recent gains, Ripple’s XRP still lags behind Bitcoin and other altcoins in terms of performance. However, analysts remain optimistic about its future. Dark Defender highlighted XRP’s movement around the $0.64 Fibonacci level, with indicators like MACD and Ichimoku pointing towards further growth. Predictions suggest XRP could surpass $1 by April, with potential for an
The cryptocurrency market experienced a surge on Monday that brought Bitcoin to a two-year high, with prices reaching as high as $68,800. As of the latest data from Coingecko, Bitcoin is trading at $67,980, showing a significant increase of 6.6% in the daily timeframe and 20.6% on a weekly basis. This impressive growth has been
In recent times, there has been a surge in the popularity of Ordinals, especially with Bitcoin’s price approaching an all-time high. One of the standout projects in this space is NodeMonkes, which has seen record-breaking sales and high demand in the secondary market. This article aims to delve into what Ordinals are and how NodeMonkes
In a historic transaction on March 4th, 2024, a unique buyer made waves in the world of NFTs by purchasing CryptoPunk #3100 for a staggering price of over $16 million. This sale not only set a new record but also showcased the buyer’s distinct circumstances, adding to the intrigue surrounding the CryptoPunks collection. CryptoPunk #3100
Recently, popular crypto exchange Coinbase encountered a technical issue that led to some users experiencing a zero balance in their accounts. This incident occurred on March 4, causing concern and frustration among affected users. The company acknowledged the problem and reassured customers that their assets were safe. However, this is not the first time such
Analyst Eric Balchunas from Bloomberg has expressed skepticism about the potential impact of an Ethereum spot ETF launch. While Bitcoin spot ETFs have seen massive success, Balchunas believes that an Ethereum spot ETF would pale in comparison. He described the launch as “small potatoes” compared to the Bitcoin ETFs, citing both anecdotal and public data
In recent sessions, the prices of various meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF) have been on a wild surge. These coins have seen an increase of 100-400% in the past seven days, reflecting the euphoric sentiment in the Bitcoin market that has spilled over to the meme
Friend.tech, a Web3 social platform, made headlines when its investors made the bold decision to waive their rights to sell tokens to users, giving full control over the funds to the community. This move comes at a crucial time for the decentralized social media protocol, which has seen a decline in both trading activity and
The Cardano network is currently displaying positive signs that could potentially lead to a significant price surge for the ADA token. Analysts have pointed out that the network is thriving, with various metrics indicating substantial growth. Daily active ADA addresses, transaction volume, and transactions from ADA whales have all seen a notable increase. This surge
The cryptocurrency market is no stranger to the rise of meme coins in recent years. Tokens like Smog ($SMOG), Dogecoin, Bonk, Pepe, and Shiba Inu have captured the attention of investors with their whimsical volatility and viral marketing strategies. These meme coins often leverage the cultural capital of their underlying memes to attract a dedicated
Recently, the Wall Street Journal released an investigative article shedding light on Tether, Bitfinex, and their affiliated companies. The article painted a picture of questionable practices employed by these entities in order to maintain their connections to the global banking system. As we delve deeper into the allegations presented in the article, it is crucial