DeFi Technologies, a prominent Canadian fintech company, has been making significant waves in the cryptocurrency market lately. With a core focus on diversifying its treasury strategy, the company recently announced the acquisition of another 94.34 BTC, adding to the 110 BTC it initially purchased in June. In addition to Bitcoin, DeFi Technologies has also ventured
Crypto
Bitcoin’s price has been on a rollercoaster ride, experiencing a recent recovery from a period of bearish price action. The market is currently showing signs of upward momentum, with a potential new all-time high on the horizon. At the $56K support level on the daily chart, the price has found solid ground. Additionally, reclaiming the
The recent surge in the price of Shiba Inu (SHIB) has garnered significant attention in the cryptocurrency community. However, the past 24 hours have seen a 4.5% drop in the price of SHIB, raising concerns among investors. This decline comes at a time when active Shibarium accounts and daily transactions have also decreased significantly. One
Recently, leading crypto exchange OKX made a significant decision to discontinue its services in Nigeria, citing regulatory changes as the primary reason for this move. According to emails sent to OKX’s Nigerian users, customers are required to withdraw their assets from the exchange by August 30th. Any remaining balances on the platform will be subject
Bitwise Asset Management’s Chief Investment Officer has made a bold prediction that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. This forecast is based on the belief that ETP flows could have a more significant impact on Ethereum compared
In the midst of a market recovery, XRP has emerged as one of the top-performing crypto assets. With a significant gain of over 40% in the past week, XRP has shown a remarkable comeback, reaching a price level of $0.62, last seen in March. This surge has sparked investor confidence and led to heightened trading
In recent days, the spot Bitcoin ETFs have been experiencing positive inflows, leading to a resurgence in the price of Bitcoin itself. Just today, the price of Bitcoin reached $66,000 for the first time in about a month. This marks a significant recovery for the cryptocurrency, which had previously dropped to a three-month low of
Australian computer scientist, Craig Wright, who claimed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is facing potential criminal charges for perjury and forgery of documents. A recent ruling in the COPA vs. Wright case revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration. The judge
The decentralized finance (DeFi) platform LI.FI protocol has recently fallen victim to an exploit resulting in the theft of over $8 million. The breach was first detected by Cyvers Alerts, who noticed suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI issued a statement on July 16, cautioning users to refrain from interacting with any
The US spot Bitcoin ETFs have been experiencing a significant uptrend, with a daily net inflow of $301 million recorded on July 15th. This marks the seventh consecutive day of positive inflows, signaling a strong interest in Bitcoin ETFs among investors. The top spot Bitcoin ETF, BlackRock’s IBIT, led the way with net inflows of
