Centralization in the cryptocurrency space has long been a point of contention among enthusiasts and proponents of decentralized finance. The concentration of holdings in the top wallets of popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) has raised significant concerns about the potential risks associated with high centralization. According to data shared
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The past week has been a tumultuous one for Bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week on a high note, soaring from around $60,000 to over $64,000 following bullish developments in the US. However, the weekend proved to be quiet for Bitcoin, despite turbulence in the rest of the crypto
The Nigerian Securities and Exchange Commission (SEC) has recently announced the granting of “Approval-in-Principle” to two local crypto exchanges, Busha Digital Limited and Quidax. This approval comes as part of the Accelerated Regulatory Incubation Program (ARIP) and is a step towards ensuring compliance with upcoming regulations in the digital asset space. The SEC aims to
Blowfish Studios, a flagship game studio under Animoca Brands, is currently in the process of developing an exciting new multiplayer PvP game known as DarkTimes. This medieval-themed game is already making significant strides in the gaming industry by incorporating the innovative Sui blockchain, with assistance from Mysten Labs. Drawing inspiration from Nordic mythology, DarkTimes is
The recent performance of Floki Inu (FLOKI) has been less than stellar, with a sharp decline of nearly 20% causing the coin to lose its coveted position among the top 5 meme coins. The current market capitalization of FLOKI sits at $1.23 billion, making it the sixth-largest meme coin on the market. This slip in
Elon Musk, the CEO of Tesla Inc., recently had a high-profile $258 billion lawsuit against him and his company, Tesla, dismissed by U.S. District Judge Alvin Hellerstein. The lawsuit, filed by a group of Dogecoin holders in June 2022, accused Musk and Tesla of manipulating the price of Dogecoin through social media and public statements.
Recently, both Binance and Bybit have teased the launch of new products related to Solana, creating a buzz within the crypto community. While specific details have not been revealed, the messages shared by both exchanges suggest a potential foray into the Solana liquid staking market. Unlike traditional staking, liquid staking allows users to earn additional
Cardano (ADA) has been facing a tough time in the cryptocurrency market, with stagnant price growth despite being a well-known altcoin. The crypto analyst, Max Maher, has provided insights into why Cardano has not been performing as well as expected, while also expressing optimism and predicting a substantial 1,000% rally in the near future. Maher
In the realm of cryptocurrency, one of the primary concerns for potential investors is the age requirement for buying and selling these digital assets. It is essential to understand the legal parameters surrounding the purchase of cryptocurrencies to ensure compliance with regulations and to make well-informed decisions in the market. When it comes to buying
Attempting to predict the perfect time to buy Bitcoin has become a common endeavor among cryptocurrency traders. Many analysts have turned to various indicators and tools in an effort to determine the optimal moment to make a purchase. Despite the fact that Bitcoin has recently reached a new all-time high, one crypto analyst, known as
