Lido, a leading protocol in the realm of liquid staking, has recently made headlines with its decision to phase out operations on the Polygon network. This move signifies not only the end of Lido’s venture into Polygon but also highlights the changing dynamics in decentralized finance (DeFi). After extensive discussions and a community vote, LDO
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In a decisive move to ensure the integrity of promotions surrounding cryptocurrency in Nigeria, the Securities and Exchange Commission (SEC) has introduced stringent regulations for influencers. These new guidelines are particularly significant given the rising popularity of cryptocurrency within the nation and the potential risks associated with unregulated promotions. The initiative seeks to deter misleading
For the first time in over three years, Ethereum (ETH) has managed to breach the crucial price threshold of $4,100, a significant development in the cryptocurrency space. Historically, this price level has presented formidable resistance for investors, with Ethereum struggling to maintain upward momentum during previous market rallies, particularly in the first quarter of this
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been subject to various fluctuations and external influences that shape its value. Unlike Bitcoin (BTC) and Dogecoin (DOGE), Ethereum has exhibited relatively tepid market performance in recent times. Following a notable surge to $4,000, ETH entered a consolidation phase, struggling to build momentum toward new highs.
In a groundbreaking move for the realm of cryptocurrency, Aurora Labs, the brains behind the innovative blockchain Aurora which operates on the Near Protocol, has introduced a new decentralized trading platform tailored specifically for its AI meme coin, Turbo (TURBO). This announcement, as reported by CryptoPotato, highlights the launch of two vital components: TurboChain and
Bitcoin is once again capturing the spotlight in the cryptocurrency market, embarking on a compelling journey of price discovery. In recent trading sessions, Bitcoin has reached unprecedented heights, recently peaking just shy of $108,000. This resurgence is part of a broader bullish trend as various altcoins, including XRP, XLM, and CRO, exhibit healthy price movements
The gaming community focused on Web3 has recently been thrust into uncertainty following the issuance of a Wells Notice to CyberKongz by the U.S. Securities and Exchange Commission (SEC). This formal communication signals potential enforcement actions against CyberKongz, indicating a significant shift in how non-fungible tokens (NFTs) might be classified and regulated. Given the explosive
Ethereum, the second-largest cryptocurrency by market capitalization, is on the cusp of testing the $4,000 resistance level once more. This level is not merely a numerical figure; it represents a psychological benchmark that traders closely monitor. After enduring significant skepticism during this market cycle, with many predicting underperformance and lackluster growth, Ethereum has managed to
In the cryptocurrency market, the announcement of a new exchange listing can act as a powerful catalyst for price movements, especially for lesser-known tokens. This phenomenon is particularly evident during bullish market phases when investor enthusiasm amplifies the effects of such news. A recent case study involving the MOCA Network token (MOCA) showcases how an
Emerging from the vibrant yet volatile world of cryptocurrency, Samuel Edyme, affectionately known by his moniker HIM-buktu, has established himself as a distinguished voice in web3 content creation. With a diverse portfolio that spans journalism and trading, Edyme’s career is nothing short of extraordinary. His path into the cryptosphere commenced not with a fortunate investment
