Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His journey into the world of cryptocurrency was not paved with success and victories, but rather with setbacks and challenges. His initial foray into the crypto universe was marred by a Ponzi scheme that left him at a loss. Instead
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In a shocking turn of events, the popular fintech bank Nubank has made the decision to suspend trading for its cryptocurrency, Nucoin. This unexpected move has raised questions about the bank’s financial stability and has left many customers bewildered. The Suspension of Nucoin Nubank’s announcement, made through a blog post on September 10, sent shockwaves
Over the past couple of weeks, bitcoin has faced a market correction of approximately 11%, showcasing a rollercoaster of volatile movements. Despite a brief rebound to $58,000, the leading cryptocurrency still has some ground to cover before reaching its previous all-time high levels. According to on-chain data provided by the blockchain market intelligence firm Santiment,
The current state of Bitcoin’s market position may seem bleak, as it struggles to break above key resistance levels. However, a recent analysis by cryptocurrency analyst Kaleo suggests that Bitcoin is actually in a healthy position. This analysis compared Bitcoin’s performance since the recent halving cycle to its performance after the previous halving in 2020.
The Commodity Futures Trading Commission (CFTC) has recently taken action to address the growing prevalence of crypto scams referred to as “pig butchering.” These scams have resulted in significant financial losses for victims, highlighting the need for increased awareness and education in the cryptocurrency space. The CFTC has partnered with various federal and private organizations
Back in May 2019, the Federal Reserve made its first rate cut, lowering rates from 2.42% to 2.39%. At the time, the public debt was at $22 trillion, and Cardano experienced a sharp decline. Fast forward to today, the debt has soared to nearly $35 trillion and interest rates are now at 5.33%, more than
Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. On Tuesday, September 10, Santiment, a market intelligence platform, disclosed a new
The price of Ethereum (ETH) has been trading sideways alongside Bitcoin (BTC) in recent times. A renowned crypto analyst, Benjamin Cowen, has delved into Ethereum’s price movements and made some interesting predictions regarding its future. Cowen has suggested that the pioneer altcoin might reach a bottom in the next three months. Cowen has pointed out
The cryptocurrency market is currently experiencing a period of recovery, with Ethereum (ETH) making significant gains in the past 24 hours. After a steep decline last Friday, with ETH’s price dropping to $2,154, the digital asset is now steadily approaching the $2,400 mark. This upward trend has sparked optimism among investors, who are closely monitoring
The Law Commission of the United Kingdom (UK) Parliament has recently introduced the Property (Digital Assets, etc.) Bill in an effort to legally recognize digital holdings. This proposed legislation aims to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This significant development marks a historic moment in British legal
