In a recent controversial move, a Federal High Court in Nigeria has instructed Binance, the world’s largest cryptocurrency exchange, to hand over detailed data of all local users engaging in trading on its platform to the Economic and Financial Crimes Commission (EFCC). The court’s decision came as part of the ongoing crackdown on the firm
Crypto
Bitcoin, the leading cryptocurrency in the market, has been experiencing a tumultuous ride in terms of price fluctuations. The recent downfall in Bitcoin’s price has sent shockwaves throughout the entire crypto market, with significant losses across the board. From reaching an all-time high of nearly $74,000, Bitcoin has now shed roughly $10,000 in value, plunging
The NodeMonkes NFT collection, known as Bitcoin’s premier collection, has experienced an impressive surge of over 50% in the last 24 hours. This surge has propelled NodeMonkes to surpass the Bored Ape Yacht Club (BAYC) in terms of market capitalization, making it the second-largest NFT collection in the market. CoinGecko data revealed a significant 53.3%
Cardano’s development and utility have been under intense scrutiny lately, particularly regarding the Hydra project. This layer 2 scalability solution is designed to improve transaction speed, reduce costs, and enhance Cardano’s overall functionality. Despite concerns within the community, Charles Hoskinson has reassured the public that the project is still actively being developed. The co-founder emphasized
Bitcoin recently reached a new all-time high of over $73,500 before dropping to $65,000 and now recovering to over $68,600. This volatility in price is not uncommon in the world of cryptocurrency. The upcoming Federal Open Market Committee (FOMC) meeting on March 20 could potentially drive another price surge for Bitcoin. If America’s central bank
This past weekend was a tumultuous one for the crypto market, particularly for Bitcoin. The leading cryptocurrency experienced a sharp decline, plunging to a ten-day low of under $65,000. This came after a period of bullish momentum that saw BTC reaching a new all-time high of $73,800 on Thursday. However, the euphoria was short-lived as
Bitcoin’s price experienced significant volatility towards the end of the business week, seeing a dramatic drop of $8,000 at one point. Despite this setback, Bitcoin has managed to recover some of its losses. The week started with a lot of ups and downs for Bitcoin, as it initially dropped to $67,000 before rallying to achieve
Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter from two U.S. senators that urged the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs). In a March 15 thread, Grewal challenged the assertions of senators Jack Reed and Laphonza Butler and defended the necessity of expanding
In a surprising move earlier this year, Binance, the world’s leading crypto exchange, appears to have separated its venture capital and incubation arm, Binance Labs. The announcement, reflected on Binance Labs’ website, clearly states that it now operates independently and is no longer affiliated with the Binance Group. This change, which occurred between February 19
XRP, the digital asset associated with Ripple, has recently experienced a dip in its price, falling to $0.63 according to CoinGecko’s data. This marks a 5.5% decrease in a 24-hour period, as part of the broader market correction that affected many cryptocurrencies. Despite this setback, analysts are optimistic about XRP’s future prospects. According to analysts
