The Spot Bitcoin ETFs have experienced a decrease in demand since the beginning of this month, leading to significant outflows on April 26. This trend has had a profound impact on the broader crypto market as Bitcoin’s price has been affected by the unfavorable market conditions. Farside Investors reported a net outflow of $217 million
The recent launch of the SPACEX meme token has been making waves in the cryptocurrency market. The token, created by a developer known for their Elon Musk-themed projects, has seen significant price gains in a short period of time. However, with the rapid rise in price comes a host of potential risks and red flags
In recent news, the TON Foundation, a non-profit organization dedicated to promoting and developing the Ton blockchain, has announced an exciting airdrop opportunity for active NFT traders and holders. This airdrop will distribute 105,600 TON tokens, valued at approximately $600K, to eligible participants on popular Ton NFT marketplaces. Let’s delve deeper into this opportunity and
Jabara Igbara, widely known as “Jay Mazini,” once flaunted his wealth and success as a crypto millionaire on Instagram, amassing nearly one million followers with his extravagant displays of generosity. However, his facade of prosperity came crashing down when he was sentenced to seven years in prison by U.S. District Judge Frederic Block for wire
The recent data revealed by analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The statistics indicate a significant dip in ‘profitability’ for ADA holders, with only 35% of them currently seeing gains. This stands in stark contrast to cryptocurrencies like Bitcoin and TRX, which show a much higher
Financial expert and Bitcoin critic, Peter Schiff, recently issued a warning to investors about the potential repercussions of Bitcoin dropping below critical support levels. In a social media post, Schiff highlighted Bitcoin’s price at $63,814, emphasizing the importance of the cryptocurrency maintaining support above $60,000. He predicted a substantial price decline if Bitcoin failed to
Bitcoin’s journey in 2022 was fraught with volatility and significant pullbacks, with the cryptocurrency experiencing a series of declines ranging from 21% to 23%. The bear market that gripped the market led to a substantial loss in value for BTC, causing it to plummet to $16,600, a level unseen since November 2020. The collapse of
In the latest surge in meme coin frenzy, all eyes are on ERC-20 tokens once again as the price of ELON, a coin inspired by Elon Musk, has experienced a jaw-dropping 229-fold increase overnight. Despite the absence of any official affiliation with Elon Musk, the ELON token has managed to captivate the meme coin community
In the last 24 hours, Ethereum (ETH) has faced a significant 5% price drop, reflecting growing concerns about the potential rejection of Ethereum ETFs by the US Securities and Exchange Commission (SEC). According to reports, there have been discouraging meetings between various Bitcoin ETF issuers and the SEC, leading to expectations of denied applications for
The recent approval of new Anti-Money Laundering Regulations by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) operating in Europe. These regulations mandate the implementation of stringent Know Your Customer (KYC) procedures to combat money laundering within the crypto industry. CASPs, including banks, asset managers, and real estate agents, are now
