Coinbase, a prominent player in the cryptocurrency sector, is facing potential regulatory challenges due to its compliance with new FASB accounting rules. These rules, set to take effect in 2025 but already adopted by some firms, shift the accounting and disclosure of digital assets to a fair-value model from the previous cost-less-impairment model. Changes in
Dalmas Ngetich is a prominent figure in the crypto industry, known for his in-depth knowledge and expertise in topics such as NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years.
Bitcoin’s price has experienced a rapid decline in recent days, failing to sustain levels above $70K. Currently, the market is teetering around a crucial point, approaching the $60K support level. Since the start of June, the price has been on a downward trend, with a rejection from the $72K zone. The market’s mid-term trajectory will
Bitcoin is currently facing a significant decline in price, edging closer to the critical $60,000 mark. This downward trend is primarily driven by a mix of macroeconomic factors and mounting selling pressure. The prevailing sentiment in the market has turned decidedly bearish, causing anxiety among investors and traders. The $60,000 threshold has become a focal
In recent years, the world of digital collectibles has exploded with the popularity of NFTs (non-fungible tokens) taking center stage. These digital assets have not only enthralled artists and collectors, but have also opened up new avenues for investment. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, NFTs are unique digital assets that cannot be exchanged
The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border
A recent analysis by a renowned crypto analyst has raised concerns regarding the future price movement of Bitcoin. The analyst, Justin Bennett, pointed out that Bitcoin has recently broken through key support levels, signaling a potential shift from a bullish to a bearish trend. This development has led Bennett to predict a possible price crash
In the world of cryptocurrencies, Artificial Intelligence (AI)-related coins have been making waves with their recent development activities. The market intelligence platform Santiment has outlined the top 10 AI cryptocurrencies that have shown the most progress over the last 30 days. NEAR Protocol Takes the Lead At the forefront of this list is NEAR Protocol
The AVAX native token for the layer-1 blockchain Avalanche is facing a tumultuous time this weekend, plummeting over 10% to reach its lowest level since December 2023. The token’s value has dramatically dropped from $27.87 to a six-month low of $24.92 within just 24 hours, as reported by CoinGecko. Community Speculations Crypto community members are
The ongoing case involving Ripple in the cryptocurrency industry is a matter of great interest and speculation. Many analysts are closely monitoring the situation, as the outcome of the SEC lawsuit is expected to have a significant impact on the price of XRP. However, despite the legal proceedings, some analysts are looking at technical patterns
If Ripple loses the SEC lawsuit, the implications could be far-reaching. One of the most immediate effects could be a significant drop in the price of XRP. This is because investor confidence in the cryptocurrency might wane, leading to a sell-off and downward pressure on its value. In addition to the price drop, Ripple might
The month of May saw a significant surge in crypto investments, totaling around $1.02 billion. With Ethereum dominating the market, there were approximately 156 investments disclosed publicly. This indicates a growing interest in digital assets and blockchain technology. Despite facing money laundering allegations, Nigerian authorities dropped tax evasion charges against Binance executives. This decision, as
The recent performance of Bitcoin in the past week has not been impressive, causing a ripple effect across the entire cryptocurrency market. Many large-cap assets also experienced significant losses during this period, indicating a general downturn in the market. Unfortunately, it seems that the price of Bitcoin is still not out of the woods, with
The trading volume of Tether (USDT) on the TRON network has experienced a significant surge, reaching a staggering $53 billion. This impressive figure surpasses the average daily trading volume of payment giant Visa, which stood at $42 billion for Q1, 2024. This comparison is particularly noteworthy considering Visa’s status as one of the world’s largest
The cryptocurrency market has seen a rise in political-themed meme coins in anticipation of the upcoming United States presidential debate between incumbent President Joe Biden and former President Donald Trump. These PolitiFi tokens, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP), have become speculative assets tied
Bitcoin is currently experiencing a significant decline, with its value dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite the downward trend in Bitcoin’s price, Arthur Hayes, the co-founder of BitMEX, maintains a
Standard Chartered, a prominent British multinational bank, is making headlines with its latest move to launch a trading desk dedicated to Bitcoin and Ether. This decision marks a significant milestone for the bank, as it becomes one of the first global banks to delve into spot cryptocurrency trading. With the integration of this new crypto
Bitcoin has long been considered a leading indicator in the cryptocurrency market, with its price movement often influencing the trends of other digital assets. However, recent data suggests a shift in behavior among long-term holders of Bitcoin and Ethereum. While Bitcoin holders have been selling off their assets since January, Ethereum holders have been accumulating
Ripple, a prominent cryptocurrency company, is facing legal challenges following approval of a lawsuit in California. The lawsuit alleges that CEO Brad Garlinghouse made misleading statements that influenced investors to put their money into the digital asset XRP. The case is set to go to trial, where a jury will determine the veracity of the
Telegram, commonly known as a messaging app, has proven to be more than just a means of communication. It has established itself as a platform that offers a diverse range of mini-games, blending the world of entertainment with social interaction. The introduction of Ton, Telegram’s native blockchain, has set the stage for a significant transformation
MomoAI stands out as a unique platform that harnesses the power of artificial intelligence to drive social growth within the TON and Solana ecosystems. By implementing advanced viral marketing techniques and incorporating AI-bot interaction, MomoAI aims to not only expand its user base rapidly but also ensure high levels of engagement. With a specific focus
A recent development in the legal battle between the US Securities and Exchange Commission (SEC) and Kraken has seen a federal judge in California leaning towards allowing the lawsuit against the exchange to proceed. Judge William Orrick indicated that he is inclined to deny Kraken’s request for dismissal, raising questions about the exchange’s efforts to
The recent Bitcoin price crash below $66,000 has sent shockwaves through the cryptocurrency market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop in price, analysts are warning that the worst may not be over yet. Crypto analyst Ali Martinez has expressed concerns that Bitcoin could potentially see another
Recently, the US Commodity Futures Trading Commission (CFTC) has launched an investigation into Jump Crypto. The reasons for this probe have not been disclosed, but sources familiar with the matter claim that the federal agency is looking into the firm’s trading and investment activities within the crypto sector. It is important to note that this
The on-chain analytics platform Santiment has highlighted a factor that could potentially contribute to Cardano (ADA) and XRP experiencing further upward movements in their prices. This factor revolves around the heavy shorting activity that these two cryptocurrencies are currently facing. Despite recent relief pumps in the crypto market, it is important to note that many
In the past 24 hours, the cryptocurrency market has shown signs of recovery after facing losses in recent days. Major digital assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experienced slight gains, while coins related to artificial intelligence (AI) such as Fetch.ai saw significant pumps. This bounce back in prices has brought a sense
Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing a crucial point in its price trajectory. It is currently in a consolidation phase, which has led to a period of price stability and uncertainty among traders and investors. The price of Ethereum is hovering around key support and resistance levels, making it a critical