Bitcoin millionaire Arthur Hayes has recently taken aim at the Cardano (ADA) network, calling it a “wannabe Ethereum” and questioning its relevance in the crypto industry. Hayes, known for his role as a founder and former CEO of the BitMex crypto exchange, expressed his strong dislike for Cardano in a recent interview with Coin Bureau.
In response to the increasing scrutiny of global crypto regulations, Backpack Exchange, a crypto platform founded by former FTX executives, announced its expansion to 11 US states. This move signifies a strategic effort to establish a strong presence in the US market and comply with regulatory requirements. CEO Armani Ferrante expressed the company’s dedication to
MetaMask has recently announced a major upgrade to its Security Alerts feature, which is now being implemented as the default transaction alert system for both Extension and Mobile users on various blockchain networks. This collaboration with Blockaid aims to provide users with an additional layer of privacy and protection against scams, without compromising their transaction
In the fast-paced world of cryptocurrencies, Ethereum has been generating a lot of excitement among investors. This surge in interest is largely due to a bold prediction made by Michaël van de Poppe, the CEO of MN Trading. According to van de Poppe, Ethereum has the potential to climb up to an impressive range of
On Feb. 21, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, accused Binance of “blatantly setting exchange rate for Nigeria, hijacking CBN role,” in a scathing attack on social media platform X. He continued, “The EFCC and the CBN should move against these platforms trying to manipulate our national currency to Ground Zero.
Bitcoin recently saw a retracement after hitting $53,000 on February 20. Despite this dip, Bitcoin whales are using it as an opportunity to accumulate more of the flagship cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, revealed in a post on X (formerly Twitter) that inflows into accumulation
VanEck’s Bitcoin exchange-traded fund (ETF) experienced a remarkable development on Tuesday, as its daily trading volume soared to over $258 million. This represented an astonishing 14-fold increase in just one day. Despite this achievement, VanEck has struggled to keep pace with other major ETFs like BlackRock, Fidelity, and Grayscale, which have consistently dominated daily trading
The trend of declining exchange balances for Bitcoin has been evident since mid-March 2020, marking a significant shift in investor behavior. Initially, over 17% of Bitcoin’s total supply was held on exchanges, reaching a record high. However, this trend has continued through Bitcoin’s 2021 bull run and into 2024. According to CryptoSlate’s analysis of Glassnode
After recently surpassing the $3,000 mark, Ethereum (ETH) has been the center of attention in the crypto community. However, amid the celebratory atmosphere, Fred Krueger, a well-known Bitcoin ETF expert, has expressed skepticism about the true value of ETH. Krueger, drawing on his experience as a Wall Street veteran and prop trader, took to social
The world of ticketing is undergoing a revolution with the introduction of NFTs (Non-Fungible Tokens). Sports Illustrated, a renowned sports media brand, has recently launched its own NFT ticketing platform called Box Office. This innovative platform, powered by the Avalanche blockchain network, aims to change the way tickets are bought and sold for events. The
Coinbase’s non-US exchange achieved a significant milestone on February 20th as it saw over $1 billion in daily trading volume. This marks the first time that the exchange reached this impressive daily volume mark, indicating a strong and steady growth trajectory. Coinbase International Exchange reported that its perpetual futures trading alone surpassed $1 billion in
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for tokenized financial products in an effort to promote innovation and protect consumers. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. The guidelines aim to establish clear principles for the sale
Bernstein, a global asset management firm, has recently expressed optimism about the possibility of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. Analysts from Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum, the second-largest cryptocurrency in the world, has a decent chance of receiving an ETF approval from the
Wall Street Memes recently introduced a major new burn mechanism that has set fire to 5% of the $WSM supply. This move marks a significant shift in the token dynamics of $WSM, as developers moved from a 10% buyback of Net Gaming Revenue to a full burn mechanism for all NGR generated by their flagship