The European Securities and Markets Authority (ESMA) issued a warning about the high level of concentration in the crypto markets on April 10. This concentration is concerning because the failure of a single asset or exchange could have a widespread impact on the entire crypto ecosystem. ESMA’s research found that market capitalizations and trading volumes
Cryptocurrency investors are always on the lookout for the next big thing, and in 2024, all eyes are on eTukTuk (TUK), a new green Initial Coin Offering (ICO) that promises potential gains of up to 10,000%. As traditional meme coins like Dogwifhat (WIF) experience volatility, the focus has shifted to environmentally friendly projects like eTukTuk
Investors and analysts are closely monitoring Cardano’s (ADA) price performance in an attempt to predict its future trajectory. Despite its strong technology and supportive community, Cardano has been facing challenges in terms of price movement. The recent spotlight on Cardano has brought attention to its disappointing price performance and lack of appeal for traders. This
Binance, the leading cryptocurrency exchange, has recently made significant updates to its platform in response to current market trends. One of the most recent changes includes the addition of 18 new loanable assets to Binance Loan, allowing users to borrow funds using their crypto holdings as collateral. Among the newly added cryptocurrencies are meme coins
Upon receiving a Wells notice from the US SEC, Hayden Adams, the founder of Uniswap, took to social media to express his feelings about the impending legal action. Adams stated, “I’m not surprised. Just annoyed, disappointed, and ready to fight.” He also emphasized the legality of Uniswap’s products and criticized the SEC for what he
Ethereum has been experiencing a phase of sideways consolidation after a recent dip towards the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, and it appears that volatility will remain low unless it breaks out in one direction or the other. A detailed analysis of
The Avalanche Foundation has recently made waves in the crypto community by delving into the world of meme coins. This strategic shift was announced in Q4, 2023, and since then, the Foundation has been actively acquiring various meme coins to establish itself as a key player in digital culture. What started as a few initial
Recent analysis from CryptoQuant suggests that the traditional narrative surrounding the Bitcoin halving event may need to be reevaluated. The once highly anticipated halving, which occurs every four years and is expected to reduce the issuance of new Bitcoins by half, may no longer hold the same level of influence over the price of BTC.
Bitcoin has been on a rollercoaster ride lately, with its price surging above $72,000 only to experience a significant decline shortly after. One of the factors contributing to this decline is the impending release of the March Consumer Price Index (CPI) data on April 10. Market experts believe that the report may reveal a rise
Shiba Inu (SHIB) recently experienced a price drop, with the current trading price at around $0.00002734. This marks a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this negative trend, analysts are predicting a potential bullish trend in the near future. Analysts’ Predictions Prominent analysts such as Rekt
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge
The recent approval of spot Bitcoin ETFs has significantly impacted the cryptocurrency market, according to Fred Thiel, the CEO of Marathon, America’s largest crypto mining firm. Thiel noted in an interview with Bloomberg that the ETF approval has attracted capital into the market, hastening what would typically have been the post-halving rally. This acceleration has
During a recent Senate hearing, Senator Tim Scott criticized the current US administration for focusing on digital assets as the main source of terrorism financing while neglecting more significant traditional sources. Scott pointed out that Iran’s $35 billion in oil exports and $16 billion in US hostage relief and electricity waivers are major contributors to
Gunzilla Games, a prominent video game developer, recently made headlines with their announcement of integrating the GUNZ blockchain into the popular NFT marketplace OpenSea. This innovative move allows players to trade in-game items for Gunzilla’s upcoming first-person battle royale shooter, Off the Grid, and future games on the Avalanche-based chain. The GUNZ blockchain, built on
Since the launch of U.S. Bitcoin spot ETFs, they have seen an impressive $12.3 billion in net inflows over the span of just three months. But the real question remains – how much of an impact have these ETFs had on the broader Bitcoin market as a whole? Glassnode analyst James Check delved into this
As the cryptocurrency world eagerly anticipates the upcoming halving of Bitcoin, top expert Benjamin Cowen has raised concerns about a potential correction in the price of BTC. Cowen has pointed out a pattern that suggests a significant decline in the crypto asset’s price once the halving event takes place. According to Cowen, if Bitcoin continues
In a surprising turn of events, Toncoin has managed to overtake Cardano in terms of market capitalization, landing itself in the ninth spot among the largest cryptocurrencies. With a market capitalization of $23.1 billion, Toncoin has outpaced Cardano’s $21.5 billion, showcasing the growing popularity and demand for this relatively new digital currency. Toncoin’s rise in
The phenomenon of meme coins has taken the cryptocurrency market by storm, with retail investors flocking to Crypto Twitter to catch the latest trends. One such trend that has recently gone viral is the ANSEMWIF spin-off coin, inspired by influencer Ansem. Despite not being officially approved by Ansem, ANSEMWIF has exploded in the DEX market,
Immutable, a leading blockchain gaming company, has recently announced their upcoming expansion pack for the popular trading card game, Gods Unchained. This expansion, called Dread Awakening, is set to revolutionize the gaming experience for players by introducing new game mechanics and a crossover with the highly anticipated blockchain game, Guild of Guardians. The Dread Awakening
A cryptocurrency investor known as “Sell When Over” recently revealed a substantial loss of $800,000 resulting from two suspicious Google Chrome browser extensions. The investor initially detected a loss of $500,000 from various wallet applications and suspected that they were targeted via an extension attack. Compromise Investigation Upon further investigation, the victim discovered that their
The recent legal battle surrounding Binance executive Tigran Gambaryan has taken a new turn as the Nigerian High Court in Abuja ordered his remand in prison. Despite pleading not guilty to money laundering charges, Gambaryan will remain in custody until his bail hearing on April 18. The trial is set to commence on May 2,
Trading expert Peter Brandt has recently shifted his perspective on the Ethereum vs. Bitcoin chart, offering new insights into market developments. Brandt, who previously criticized Ethereum as a “junk coin” and its supporters as “Etheridiots,” has now suggested a potential bear trap in the Ethereum-to-Bitcoin chart. This change in stance showcases the complexities within the
Recently, the Swedish tax authority, Skatteverket, made a significant announcement regarding the taxation of Non-Fungible Tokens (NFTs). This ruling reflects the growing importance of NFTs in the digital realm and aims to clarify the Value-Added Tax (VAT) treatment of these digital assets. According to the authority, NFTs associated with digital works are subject to the
In the world of cryptocurrency, predictions and forecasts are constantly floating around, and Michael Van De Poppe, a well-known cryptocurrency analyst and trader, has recently made a bold prediction regarding Bitcoin. He believes that Bitcoin is likely to hit the $300,000 mark in the current bull cycle. Despite the consolidation in the price of Bitcoin
The cryptocurrency market is experiencing a notable rally today, with Solana meme coins standing out for their impressive gains. While Bitcoin and Ethereum have posted respective gains of around 4% and 7% in the last 24 hours, Solana has only seen a modest increase of about 1.7% in value overnight. Currently trading at $183, SOL
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the blockchain space. According to a recent report by Flipside, these two platforms have seen a significant influx of users, surpassing other EVM chains in terms of cumulative new users since
The Cardano (ADA) network has recently achieved a new milestone by processing 88.6 million transactions to date. This surge in network activity is a positive sign for ADA’s price movement. The network’s success in handling transactions dispels the notion of it being a “ghost chain” and demonstrates active user engagement. With 1,353 projects actively building