The Securities and Futures Commission (SFC) in Hong Kong recently issued a warning to the public regarding suspicious websites that are impersonating licensed crypto exchanges in the city-state. According to the notice released on Mar. 4, these fraudulent websites are trying to deceive users by using the image and branding of well-known exchanges like Hash
Bitcoin prices soared to a remarkable $65,500 in early trading on March 4, showcasing an impressive rally. This surge has propelled the cryptocurrency to its highest price level since November 2021, positioning it just 5% below its all-time high recorded in the same month. Notably, BTC has witnessed an astounding increase of over 300% from
In recent bull markets, niche asset classes within the cryptocurrency industry have emerged as major players. The last bull market, which abruptly ended in 2022, was dominated by NFTs and meme coins. With experts suggesting that the cryptocurrency market has entered a new bull cycle, thanks to recent price surges, there is speculation about what
NFT Worlds, formerly known for selling in-game land as NFTs on the Polygon network through a Minecraft server, faced a significant hurdle when Minecraft banned NFTs in 2022. This ban disrupted NFT Worlds’ operations and prompted a complete rebranding to Hytopia. The ban not only impacted the revenue stream of NFT Worlds but also raised
The recent surge in NFT sales has brought attention to the cryptocurrency world, with Bitcoin leading the charge. Last week, the Bitcoin network recorded over $162 million in transactions, marking a significant increase of 76% from the previous week. This exceptional performance has positioned Bitcoin Ordinals as the frontrunner in the NFT market, showcasing its
The recent surge in Bitcoin’s price, exceeding $62,000, has caught the attention of both enthusiasts and skeptics alike. This rapid increase has sparked speculations about the potential beginning of a major bull run in the cryptocurrency market. One key factor that could contribute to the continuation of Bitcoin’s upward trajectory is the upcoming Bitcoin halving
As Bitcoin (BTC) surged past the $64,000 mark, some on-chain indicators are starting to suggest that the leading cryptocurrency may be overheating. Market intelligence firm CryptoQuant’s weekly report highlights the rising traders’ unrealized profit margin and the expensive cost of opening new long positions in perpetual futures markets as key indicators of a possible pause
Binance, one of the largest cryptocurrency exchanges in the world, is currently facing legal challenges in Nigeria following its settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria has issued an ultimatum to Binance CEO Richard Teng to appear before the committee by March 4. This summons
Recent exchange data has shown a significant trend among Ethereum traders indicating a bullish sentiment in the market. According to IntoTheBlock, a staggering $906 million worth of Ethereum was withdrawn from exchanges last week, pointing towards a strong holding mentality among investors. This mass exodus of ETH from exchanges could be a sign that traders
In a week where Bitcoin has experienced some stagnation and minor retracements, meme coins have taken the spotlight with staggering gains. One such example is Dogwifhat (WIF), which has soared in value, capturing the attention of investors. The overall crypto market cap has seen a slight dip on a daily scale, but the past seven
