In recent bull markets, niche asset classes within the cryptocurrency industry have emerged as major players. The last bull market, which abruptly ended in 2022, was dominated by NFTs and meme coins. With experts suggesting that the cryptocurrency market has entered a new bull cycle, thanks to recent price surges, there is speculation about what
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NFT Worlds, formerly known for selling in-game land as NFTs on the Polygon network through a Minecraft server, faced a significant hurdle when Minecraft banned NFTs in 2022. This ban disrupted NFT Worlds’ operations and prompted a complete rebranding to Hytopia. The ban not only impacted the revenue stream of NFT Worlds but also raised
The recent surge in NFT sales has brought attention to the cryptocurrency world, with Bitcoin leading the charge. Last week, the Bitcoin network recorded over $162 million in transactions, marking a significant increase of 76% from the previous week. This exceptional performance has positioned Bitcoin Ordinals as the frontrunner in the NFT market, showcasing its
The case involving Bitcoin Fog and the accusations against Roman Sterlingov have taken a complex turn with the involvement of Ilya Lichtenstein. Lichtenstein, known for his role in the hacking of Bitfinex and the laundering of millions of dollars, now finds himself cooperating with federal prosecutors to build a case against the crypto mixing service.
The recent surge in Bitcoin’s price, exceeding $62,000, has caught the attention of both enthusiasts and skeptics alike. This rapid increase has sparked speculations about the potential beginning of a major bull run in the cryptocurrency market. One key factor that could contribute to the continuation of Bitcoin’s upward trajectory is the upcoming Bitcoin halving
As Bitcoin (BTC) surged past the $64,000 mark, some on-chain indicators are starting to suggest that the leading cryptocurrency may be overheating. Market intelligence firm CryptoQuant’s weekly report highlights the rising traders’ unrealized profit margin and the expensive cost of opening new long positions in perpetual futures markets as key indicators of a possible pause
Binance, one of the largest cryptocurrency exchanges in the world, is currently facing legal challenges in Nigeria following its settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria has issued an ultimatum to Binance CEO Richard Teng to appear before the committee by March 4. This summons
Recent exchange data has shown a significant trend among Ethereum traders indicating a bullish sentiment in the market. According to IntoTheBlock, a staggering $906 million worth of Ethereum was withdrawn from exchanges last week, pointing towards a strong holding mentality among investors. This mass exodus of ETH from exchanges could be a sign that traders
In a week where Bitcoin has experienced some stagnation and minor retracements, meme coins have taken the spotlight with staggering gains. One such example is Dogwifhat (WIF), which has soared in value, capturing the attention of investors. The overall crypto market cap has seen a slight dip on a daily scale, but the past seven
Marathon Digital, a prominent Bitcoin mining company based in the United States, has recently released its quarterly earnings report, surpassing analyst expectations by a considerable margin. Despite the positive news, the company’s stock price experienced a temporary dip following the announcement. This minor setback, however, is unlikely to overshadow the significant achievements of Marathon Digital
