The cryptocurrency market is no stranger to rapid price movements and new token listings. In recent times, two tokens, SECT and Bitcoin ETF Token (BTCETF), have garnered attention for their explosive growth potential. SECT, the native token of the Sect Bot app, has seen its price surge by over 50x within 24 hours of listing
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in its Bitcoin balance during the month of November. According to the latest proof of reserves report, the exchange’s Bitcoin balance dropped by over 23,000 BTC, or roughly 4%. This decline directly correlates with the regulatory issues Binance faced with U.S. authorities. The report
The major cryptocurrency exchange Binance has withdrawn its application for certain operations in Abu Dhabi. This decision comes as a result of a request from the Abu Dhabi Global Market (ADGM), the regulatory body responsible for overseeing these operations. The request, which came into effect on November 15, 2022, was officially withdrawn by Binance on
The price of Bitcoin has recently experienced a slowdown in its upward trajectory after a week of breaking through critical resistance levels. Despite this temporary setback, experts believe that the rally is still in its early stages, and BTC is poised to see further profits in the coming months. Currently trading at $43,300, Bitcoin has
Bitcoin (BTC) has been making headlines with its skyrocketing prices, but what goes unnoticed is the surging cost of moving it. On-chain data reveals that the price for Bitcoin block space has reached an all-time high, largely fueled by the overwhelming demand created by Ordinals transactions. Anita Posch, the founder of Bitcoin for Fairness, shed
In a monumental announcement made on Wednesday, Verastus Labs, a pioneering peer-to-peer web service protocol, revealed that it had successfully raised $2.3 million in a seed funding round. This impressive achievement brings the company’s valuation to an astounding $50 million. The funding seeks to propel the development of Verastus LASR, an innovative stateless rollup that
The UK Financial Conduct Authority (FCA) has recently added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without proper authorization. This move by the financial regulator highlights the need for caution when dealing with Poloniex and raises concerns among UK residents. This article will delve into
The year 2024 holds great significance for the Polygon ecosystem as it sets the stage for the realization of Polygon 2.0, a cross-chain coordination protocol that aims to unite and scale the various Ethereum layer-2 scaling networks. In an exclusive interview with Cointelegraph, Jordi Baylina, co-founder of Polygon, shed light on the plans for Polygon
JPMorgan CEO Jamie Dimon recently made headlines for his scathing comments on Bitcoin (BTC) and cryptocurrency during a hearing before the United States Banking Committee. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime, specifically mentioning criminals, drug traffickers, money laundering, and tax avoidance. However, upon closer examination, it becomes
The world of cryptocurrency is often shrouded in mystery and secrecy, and Binance, one of the largest cryptocurrency exchanges in the world, is no exception. In a recent interview with the Financial Times, Binance’s newly appointed CEO, Richard Teng, once again refused to reveal the location of the company’s global headquarters. This refusal to disclose
