The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline in value, plunging more than 10% in a single weekend to reach its lowest level since December 2023. In the past 24 hours alone, the token has dropped from $27.87 to a six-month low of $24.92, as reported by CoinGecko. This
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Ripple’s ongoing case with the SEC has undeniably been a focal point within the cryptocurrency industry, causing uncertainty and volatility in the market. Despite this, analysts are looking beyond the legal matters and delving into technical patterns to predict potential price points for XRP. EGRAG CRYPTO, one of these analysts, recently highlighted a bullish quarterly
The month of May witnessed a significant milestone in the cryptocurrency industry, with a total of 156 investments amounting to approximately $1.02 billion. Ethereum emerged as the dominant player in this surge of investments, signaling growing investor confidence in the digital asset market. In a surprising turn of events, Nigerian authorities decided to drop tax
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. If Ripple were to lose the case, the implications could be significant, not only for the company but for the entire cryptocurrency market. According to a recent proposal by the SEC, Ripple could face a penalty of
The trading volume of Tether (USDT) on the TRON network has reached an incredible $53 billion, outpacing Visa’s average daily trading volume for Q1, 2024. This milestone is significant considering Visa’s status as a global payment processing giant with operations spanning across more than 200 countries and regions. The surge in value and utilization of
In recent months, the cryptocurrency market has seen the emergence of political-themed meme coins, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP). These coins have become speculative assets, with traders anticipating their value to rise or fall based on the outcome of the upcoming United States
Standard Chartered, a British multinational bank, is making waves in the financial world by announcing its plans to launch a trading desk for Bitcoin and Ether. This move positions the bank as one of the pioneers among global financial institutions to delve into spot cryptocurrency trading. The decision comes after engaging with various players in
Bitcoin is currently experiencing a significant decline in its value, dropping below the $64,000 mark to $63,564. Despite this downward trend, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin and is actively encouraging investors to “buy the dip.” His optimism stems from an analysis of global economic conditions and central bank policies, particularly
Bitcoin has long been considered a key player in shaping overall market trends within the cryptocurrency space. The actions of long-term Bitcoin holders have often been used as a barometer for the market cycles, with their decisions to buy or sell influencing the direction of the market. However, in recent months, a notable shift in
Ripple, a prominent cryptocurrency company, is facing new legal challenges following a US judge’s decision to allow a lawsuit against the firm. The lawsuit specifically targets CEO Brad Garlinghouse for allegedly making misleading statements. The case is set to proceed to trial, where a jury will determine whether Garlinghouse misled investors during a televised interview
The cryptocurrency market is once again experiencing turbulence as Bitcoin failed to maintain its momentum above $66,400 and faced multiple rejections, dropping down to $64,000. This marks the third time in a week that Bitcoin has struggled to break through significant resistance levels. Despite reaching highs of $70,000 just a week ago, the flagship cryptocurrency
Telegram, often recognized as a messaging app, has evolved beyond its initial purpose. The platform now offers a variety of mini-games, creating a unique blend of communication and entertainment for its users. From puzzles and arcades to strategy games and quizzes, there is something for everyone to enjoy. With the recent introduction of Ton, Telegram’s
Recently, a federal judge in California revealed that he is leaning towards allowing the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to proceed. This decision casts uncertainty on Kraken’s attempts to have the case dismissed. The judge, William Orrick, stated during the oral arguments that he was “inclined to deny” Kraken’s request. He
The recent Bitcoin price crash below $66,000 has caused quite a stir in the market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop, analysts, including crypto analyst Ali Martinez, are not convinced that the worst is over. Martinez has suggested that Bitcoin may still have a long way