Bitcoin, the flagship crypto token, has shown promising fundamentals that suggest it is well-positioned for growth in the current bull market. Despite this positive outlook, the recent price decline of Bitcoin has raised concerns among investors. Data from the on-chain analysis platform CryptoQuant indicates that the supply of Bitcoin on exchanges has decreased by nearly
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Bitcoin’s price recently experienced a significant drop, falling from a high of over $73,600 to a low of under $60,800, resulting in a -17% loss in value. Alex Krüger, a well-respected figure in both macroeconomics and the crypto space, identified several key factors contributing to this crash. According to Krüger, excessive leverage in the market,
In a recent controversial move, a Federal High Court in Nigeria has instructed Binance, the world’s largest cryptocurrency exchange, to hand over detailed data of all local users engaging in trading on its platform to the Economic and Financial Crimes Commission (EFCC). The court’s decision came as part of the ongoing crackdown on the firm
The emergence of non-fungible tokens (NFTs) has brought about a need for continuous innovation and enhancement in the technology that supports them. One of the significant advancements in this realm is the ERC-7231 token standard. This standard aims to revolutionize NFTs by introducing new features and functionalities that can reshape the NFT landscape. The Core
In the world of cryptocurrency, meme coins have been gaining significant traction. The latest buzz surrounds Kermit (KERMIT), a new token themed after the popular Muppets show character. However, amidst the frenzy over Kermit, there is another contender on the horizon – Dogecoin20, a dog-themed coin that is poised to make a mark in the
The US SEC has recently pushed back the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), as per regulatory filings. Among the investment firms affected by these delays are VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application. Bloomberg ETF analyst James Seyffart, known
The UK Financial Conduct Authority (FCA) has recently revealed its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and crypto. This initiative, detailed in a March 19 release, aims to impose fees on stablecoin issuers and digital asset custodians to cover these expenses. The FCA plans to recuperate £6.2
Cryptocurrency has seen a recent surge in popularity, with many investors turning to digital assets as a way to diversify their portfolios. One of the top performers in the market is Avalanche (AVAX), which has seen a 22% increase in value over the past seven days. This rise comes at a time when many other
When it comes to meme coins, it’s hard to ignore the starkly different trajectories of FLOKI and SPONGE in the current market. FLOKI has taken a hit, plummeting by 18% in the last 24 hours to reach a price of $0.0001736, making it the sixth largest meme coin with a market capitalization of $1.6 billion.
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets amounting to $1.5 trillion, has made a significant announcement regarding its plans to explore diversification opportunities that involve Bitcoin. This initiative is part of a broader strategy that includes traditional investments such as gold, as well as unconventional
BitMEX recently found itself investigating an uncommon incident involving a user selling large orders on its Bitcoin spot market. This activity drew attention as a rogue seller offloaded more than 400 BTC on the exchange, causing the price of Bitcoin to plummet by 87% to as low as $8900 on the platform before recovering to
Bitcoin, the leading cryptocurrency in the market, has been experiencing a tumultuous ride in terms of price fluctuations. The recent downfall in Bitcoin’s price has sent shockwaves throughout the entire crypto market, with significant losses across the board. From reaching an all-time high of nearly $74,000, Bitcoin has now shed roughly $10,000 in value, plunging
The NodeMonkes NFT collection, known as Bitcoin’s premier collection, has experienced an impressive surge of over 50% in the last 24 hours. This surge has propelled NodeMonkes to surpass the Bored Ape Yacht Club (BAYC) in terms of market capitalization, making it the second-largest NFT collection in the market. CoinGecko data revealed a significant 53.3%
In a groundbreaking event in the realm of digital art, a remarkable record was achieved as an Ethereum-based Non-Fungible Token (NFT) featuring the widely popular Dogwifhat meme was sold for an astonishing $4.3 million worth of ETH. This historic sale now holds the title for the most expensive meme NFT ever sold, eclipsing previous records