A Nigerian High Court in Abuja has ordered that the detained Binance executive Tigran Gambaryan be remanded in prison following the postponement of his bail hearing. Gambaryan, a US citizen, pleaded not guilty to money laundering charges earlier today and will remain in custody until his bail hearing on April 18. The trial will commence
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in attracting new users to their blockchain platforms. According to the latest report by Flipside, Ethereum and Polygon collectively acquired a substantial number of new users, with Ethereum gaining 13.4 million and Polygon boasting 12.3 million.
Bitcoin kicked off the year 2024 with an impressive surge, climbing over 73% in the first quarter to hit a new all-time high of $73,750. Despite the subsequent price correction, the major stakeholders in Bitcoin have displayed a consistent pattern of accumulation in the first three months of the year. This accumulation trend suggests a
In the ever-evolving world of cryptocurrency investments, meme coins have gained significant popularity among investors looking for high returns in a short period. Dogecoin (DOGE) has long been considered the king of meme coins, with its iconic Shiba Inu logo and enthusiastic community. However, as Dogecoin consolidates near its 21-day moving average at $0.18, investors
The recent decision by the bankrupt crypto exchange FTX to sell its Solana holdings at a significant discount to crypto venture firms has sparked strong disapproval from creditors. Reports have emerged that FTX sold 30 million SOL at a rate of $64 each to VC firms such as Pantera Capital and Galaxy Trading, representing a
The Ethena token (ENA) has experienced a remarkable surge of 13% in just 24 hours and an overall increase of 53% since its listing on Binance. ENA functions as a governance token for Ethena’s decentralized finance (DeFi) protocol. The protocol’s USDe stablecoin offers a substantial 35% APY, setting it apart from traditional rivals USDT and
The recent court hearing in Nigeria involving cryptocurrency exchange Binance revealed a significant lack of legal representation for the company. While the compliance chief, Tigran Gambaryan, was present at the hearing, no official legal team from Binance was in attendance. This raised concerns about the company’s preparedness to address the criminal charges it is facing
The banking giant VanEck has made a bold prediction regarding the valuation of Ethereum Layer-2 (L2) solutions, estimating it to reach a staggering $1 trillion by the year 2030. This forecast underscores the significant role that efficiency improvements and scalability advancements will play in the evolution of blockchain technology. The prediction was spearheaded by Patrick
The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has fallen by approximately 6% over the past week, currently trading at around $65,400 according to CoinGecko’s data. One potential reason for the increased volatility and decline in BTC’s value is profit-taking
Coachella, known for its iconic lineup and vibrant atmosphere, has introduced Coachella Quests as a way to revolutionize the festival experience. Coachella Quests is a loyalty game that utilizes blockchain technology to enhance fan engagement and loyalty through gamification and Web3 technology. Participants in Coachella Quests can earn NFT Stamps and Points by completing various