The cryptocurrency industry is known for its dynamic nature and exciting developments that occur regularly. However, it is also a prime target for hackers and malicious individuals looking to take advantage of inexperienced users who may not know how to properly secure their digital assets. In particular, meme coins like Shiba Inu (SHIB) have gained
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The recent downturn in the crypto markets, with a 15% drop and over $350 million exiting the space, has raised concerns among investors. Cryptographer Adam Back highlighted that market corrections of around 30% are not uncommon during market cycles, emphasizing the importance of not panicking and understanding the historical patterns. Analyst ‘Rekt Capital’ echoed this
The cryptocurrency market has seen significant volatility in recent days, with Bitcoin experiencing a downturn in price since the beginning of June. The price of Bitcoin fell below $60,000 on July 3rd, followed by a further drop the next day. This downward trend has led to concerns among market players about the impact of the
Meme coins have been a hot topic in the cryptocurrency world, gaining immense popularity during the recent bull market. With cryptocurrencies like Shiba Inu, Dogecoin, and various Solana-based tokens making significant gains, investors are closely watching the market for the next big meme coin to take off. ChatGPT, an AI-powered chatbot, has identified two cryptocurrencies
In a recent announcement, popular multi-chain DEX, PancakeSwap unveiled a significant community reward program scheduled to run from July 5 to August 5. This initiative aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their unwavering support towards the zkSync PancakeSwap deployment since July 2023. The
The cryptocurrency market experienced a significant downturn in the last 24 hours, with the total capitalization dropping to as low as $2.07 trillion, marking an 8.6% decrease in just one day. This decline has caused major digital assets to plummet, with only a handful managing to buck the trend and see slight gains. Bitcoin, the
Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
BitMEX, a renowned derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with an avenue to access and speculate on the performance of leading meme coins in the market through a single contract. Termed as the “S&P500 for crypto meme coins,” this
The recent court ruling on Binance’s BNB token has sparked a new wave of arguments in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Ripple is using this ruling to argue against the harsh penalties imposed by the SEC for its sales of XRP. The company is citing the
The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since