The Indian government is taking steps to introduce comprehensive regulations for the crypto sector, as reported by local media on Aug. 22. The government plans to release a consultation paper in the coming weeks to gather feedback from stakeholders regarding the regulatory framework for digital currencies in India. The Finance Minister’s statement in October 2023
Bitcoin, the poster child of cryptocurrency, experienced a tumultuous journey over the past week. After a significant drop, the digital asset surged to a weekly high of nearly $62,000. The market saw a flurry of activity with other major altcoins like TRX and TON also making impressive gains. This price volatility is not uncommon in
Base, a Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network space. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism. This growth indicates that Base is gaining a larger share of off-chain transactions within the
Crypto exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies a significant step towards the growth and development of the Polygon network. Migrating from MATIC to POL The migration of the Polygon ticker from MATIC to
In a recent analysis by technical analyst Willy Woo, he discussed the bearish trend that Bitcoin has been experiencing until the beginning of August. This trend was primarily due to an influx of around 100,000 BTC from the German and US governments selling off their holdings, as well as Mt. Gox distributions. Woo highlighted that
Dalmas Ngetich, a seasoned crypto reporter, has made significant contributions to the crypto industry through his specialized reporting on NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has produced a large volume of news and feature articles that showcase his comprehensive understanding
The Bitcoin price has seen its fair share of bull and bear cycles over the years, with a consistent trend emerging. PlanB, a crypto analyst, has pointed to previous cycle performances to predict a bullish future for Bitcoin. Looking back at the last two bull cycles, similarities can be observed where there was an initial
The partnership between Aethir and Return Entertainment is not just about providing cloud-based gaming experiences in the living room but also aims to revolutionize the gaming landscape. By leveraging Aethir’s GPU cloud infrastructure and Return Entertainment’s streaming platform, this collaboration seeks to offer cinematic scalable gaming adventures on TVs that are easily accessible, highly scalable,
Ronaldo’s journey into the world of cryptocurrencies did not begin as a mere curiosity, but rather as a spark that ignited a deep passion within him. Over the course of five years, he has dedicated himself to delving into the intricate details of the crypto space, from understanding blockchain fundamentals to analyzing market trends and
Despite Cardano’s consistent underperformance in comparison to the broader market, there has been a recent resurgence of bullish sentiments surrounding the cryptocurrency. This uptick in sentiment is particularly noteworthy given the overall market context, with Bitcoin reclaiming the $61,000 price mark and boosting optimism across major cryptocurrencies. The market sentiment towards Cardano has been on
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decline in daily trading volume, reaching only $779.87 million on Monday. This drop in trading volume marks the third lowest recorded, following the records on February 5th and 6th of $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into
Opeyemi is a skilled writer and enthusiast in the exciting and unique field of cryptocurrencies. While the digital asset industry was not his first choice, he has remained utterly fascinated since delving into the space over two years ago. Now, Opeyemi takes pride in creating unique pieces that unravel the complexities of blockchain technology and
A new malicious browser extension called the “Bull Checker” has been identified as a threat to Solana users on Reddit. This extension poses as a meme coin tracker but in reality, it has been used to drain wallets of unsuspecting users. The “Bull Checker” extension is designed to evade detection systems and operate under the
Opeyemi is a talented writer who has found his passion in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply fascinated by it over the past two years. Opeyemi takes pride in his ability to create informative pieces that break down the complexities of blockchain technology and
The current choppy consolidation in bitcoin’s price action has left many market players feeling uneasy. However, certain holders of the world’s largest crypto asset are taking advantage of the uncertainty by increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been actively accumulating more of the cryptocurrency. According to recent
Tokyo’s Metaplanet investment firm made headlines recently after revealing its acquisition of an additional 57.273 BTC. The investment, valued at approximately 500 million yen or $3.4 million, comes at a time when the cryptocurrency market is experiencing a lull. This move by Metaplanet is part of a larger strategy that was announced on August 8,
In a surprising turn of events, Cardano (ADA) has been pushed out of the top 10 cryptocurrencies list by market capitalization. Tron (TRX) has taken its place, marking a significant shift in the cryptocurrency market. Cardano’s fall from grace comes after experiencing substantial price declines over the past week, leading to a decrease in its
Bright Star Studios, the developers behind the highly anticipated MMORPG Ember Sword, recently announced a switch from Immutable X to the Mantle Network. This decision is aimed at enhancing the gaming experience by leveraging Mantle’s cutting-edge technology. The move is expected to have a significant impact on the game, its players, and the future of
German authorities recently confiscated $28 million in cash and 13 cryptocurrency ATMs in a nationwide operation aimed at curbing unlicensed activities. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this coordinated effort is part of a larger initiative to strengthen oversight within Germany’s rapidly expanding crypto market. The operation, conducted in collaboration with law enforcement
In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, disclosed that it successfully avoided over $2.4 billion in potential user losses related to scams and fraudulent activities within the first seven months of 2024. A significant portion of the averted losses, approximately $1.1 billion, were associated with withdrawals connected to
The meme coin sector has experienced a surge in recent days, leading to a rally that pushed the market cap above $40 billion. This growth can be attributed to the increase in popularity of cat-themed meme coins such as Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). These assets have seen
A recent class action lawsuit has placed basketball star Shaquille O’Neal in the spotlight due to his association with the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, leading to financial losses for investors. While O’Neal was deemed a ‘seller’ of Astral NFTs by the court, the claim that he was a
Samuel Edyme, also known as HIM-buktu, is a multi-talented individual who has made a name for himself as a web3 content writer, journalist, and aspiring trader. His story is not your typical success narrative, but rather a journey of resilience and ambition in the face of challenges. Edyme’s entry into the world of cryptocurrency was
At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, reached $3 in August, marking a significant milestone for the project. However, the subsequent activation of smart contracts through the Alonzo hard fork led to a downward trend in ADA’s price, with the token currently trading at around $0.32.
The recently published 2024 Democratic Party Platform has raised eyebrows in the crypto community for its complete omission of any mention of Bitcoin, crypto, or blockchain technology. This ninety-two-page document focuses on issues such as lowering housing costs, addressing climate change, and ensuring that the wealthy and corporations pay their fair share of taxes. However,
The world of cryptocurrency has been a tumultuous one, with Ethereum (ETH) experiencing its fair share of challenges. Despite being the second-largest cryptocurrency, ETH has been struggling to regain its footing in recent times. The price of Ethereum has been on a downward trend, with no clear signs of a recovery in sight. One significant
The Nigerian Federal Inland Revenue Service (FIRS) is exploring new legislation to tax the rapidly expanding crypto sector in the country. This initiative, as announced by FIRS Executive Chairman Zacch Adedeji during a session with the National Assembly’s Finance Committees, is set to bring about much-needed modernization to Nigeria’s regulatory framework. According to Adedeji and