Cryptocurrency enthusiasts are keeping a close eye on the recent sensation in the market known as Bonk Inu (BONK). This memecoin has not only attracted the interest of retail investors but has also captured the attention of industry veterans like Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to express his admiration for
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Bitcoin has been on an impressive rally this year, with its price soaring by approximately 150% since the beginning of 2021. This remarkable performance has caught the attention of various experts and analysts, leading to speculation about the possibility of Bitcoin reaching the coveted $100,000 mark. One prominent figure who believes in this potential is
The cryptocurrency markets have experienced a recent surge, which has spilled over into the realm of decentralized finance (DeFi). While decentralized exchanges (DEX) have historically lagged behind centralized exchanges (CEX) in terms of trading volume, the recent market rally has led to increased activity in DEXs. Major platforms such as Uniswap and Curve on the
In a shocking turn of events, the United States Department of Justice (DOJ) has recently indicted two individuals for orchestrating a massive cryptocurrency Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, are being accused of defrauding investors of a staggering $25 million. The alleged scheme
Ethereum’s native cryptocurrency, Ether (ETH), has witnessed an impressive rebound in 2023 after enduring substantial losses throughout 2022. CoinGecko’s data reveals that ETH recently reached nearly $2,400, a significant improvement from its previous lows. However, it is crucial to note that this valuation is still a long way from its all-time high of over $4,800
Bitcoin made an ambitious move towards the $43,000 mark over the weekend but fell short, ultimately settling around $42,000. While the primary digital asset experienced a slight dip in price, altcoins such as Shiba Inu and Internet Computer managed to secure notable gains. This fluctuation in the market highlights the volatility that has come to
The cryptocurrency industry has long been plagued by the issue of hacking, with billions of dollars in digital assets being stolen annually. However, a recent research study conducted by TRM Labs has revealed a significant downturn in hack volumes in 2023. Compared to the previous year, there was a more than 50% reduction in the
Cryptocurrency exchange-traded funds (ETFs) are gaining significant attention this season as traditional finance companies are seeking regulatory approval to introduce more of these investment vehicles to the market. The latest player in this space is First Trust, an asset management firm looking to create a unique Bitcoin ETF. Unlike traditional spot products, First Trust aims
Tether, the company behind the largest stablecoin, has taken the initiative to address concerns raised by Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities such as funding terrorism and money laundering. The company has released two letters sent to the US Senate Committee on Banking, Housing, and
The price of Bitcoin has once again lost its momentum, retracing back down to around $42,000 over the past 24 hours. This comes after a week of highs and lows for the leading cryptocurrency. Just a week ago, Bitcoin experienced a surge in price to $44,700, marking its highest price tag in over a year
