Solana experiences price slump as open interest sheds $440 million
The price of Solana has fallen sharply, showing the current trend in the cryptocurrency market. Consequently, open interest in Solana has also followed the trend of the digital asset. According to data from CoinGlass, open interest in Solana is down by 21% at $1.6 billion in the last 24 hours. Solana price slump leads to […]
ICP Price Prediction 2024-2033: Is Internet Computer Resurgence Possible?
Internet Computer ICP Price Prediction 2024-2033 Internet Computer is the first cryptocurrency backed by a protocol. So many crypto experts believe ICP is a good investment and could grow further and, with new developments, could get better. ICP, the native token of the Internet Computer network, is mainly used for processing the network’s power. Will […]
Bitcoin dip causes liquidation of $256 million worth of long positions
The leading cryptocurrency Bitcoin has experienced a price drop of 7%. As a result of this drop, traders with long positions have lost over $256 million. Despite the losses, analysts believe there is nothing to be afraid of amid the current tension in the Middle East. Equally, analysts have noted that this is a ‘normal […]
ZachXBT ties $1 million deposit on Blast to fraud group
Blockchain investigator ZachXBT has alerted the crypto community to a $1 million transfer made on the Blast network. According to the on-chain sleuth, the fund is tied to a notorious group carrying out crypto frauds across several platforms. In his post on X, he noted that the group has a history of fraud on platforms […]
Bitcoin market dominance skyrockets as price dip threatens altcoins
Bitcoin market cap dominance has hit a new high level that it last witnessed three years ago. Consequently, altcoins are feeling the pressure of this new feat on their prices. According to data from TradingView, BTC hit 56.3% in the share of the entire cryptocurrency market cap. Coming into the weekend, the price of BTC […]
Grayscale Bitcoin ETF records massive outflows despite CEO remarks
The Grayscale Bitcoin exchange-traded fund (ETF) has continued to witness massive outflows from the fund’s holdings. According to data, the fund saw an outflow of over $166 million and about 2,500 Bitcoin from its holdings. Since the approval of the fund on January 11, it has now witnessed outflows of more than $16 billion. Grayscale […]
Winklevoss twins become co-owners of Real Bedford football club
Gemini cryptocurrency exchange co-founders Tyler and Cameron Winklevoss have joined Bitcoin podcaster Peter McCormack as the co-owners of Real Bedford Football Club (RBFC). The announcement was made available on the club’s official website. The announcement notes that the co-founders of Gemini made a significant investment of $4.5 million worth of Bitcoin into the club. Winklevoss […]
VeChain unveils tokenized gloves in UFC partnership
VeChain has announced that it will tokenize gloves worn by Ultimate Fighting Championship (UFC) fighters on the VeChainThor network. According to the announcement on Medium, the platform said that the tokenized gloves will enable users to track the player’s identities on the network. The post also stated that the gloves will be fitted with near-field […]
Hong Kong Bitcoin ETFs predicted to unlock $25 billion in demand
With Hong Kong likely to approve its spot Bitcoin exchange-traded funds (ETFs) very soon, there have been a lot of discussions concerning its potential. One of those highlighting its potential is Singapore-based crypto service provider Matrixport. According to the platform, the crypto investment product could experience up to $25 billion in demand from Chinese investors […]
Venezuela unveils crypto money laundering linked to state funds embezzlement
Venezuela’s Attorney General Tarek William Saab initiated the second wave of arrests tied to the laundering of state funds. Former President of oil firm PDSVA Tareck El Aissami, ex-economy minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were accused of laundering funds paid from unregistered oil sales. The three individuals were charged with laundering these […]
United States government ranks among the largest Bitcoin holders
The government of the United States of America is now one of the biggest Bitcoin holders in the world. According to data from crypto intelligence platform Arkham, the country now ranks high alongside other countries like Germany and the United Kingdom in its Bitcoin balance. Arkham introduced a dashboard featuring the governments with the highest […]
Australia’s ASIC launches legal action against unlicensed mining firms
Australian Securities and Investments Commission (ASIC) has launched legal proceedings against three blockchain mining companies after their collapse into liquidation. The companies, NGS Crypto Pty Ltd, NGS Crypto Pty Ltd, and NGS Crypto Ltd under the NGS Companies banner have cost residents in the country more than $104 million in losses. Australia’s ASIC launches legal […]
South Africa begins issuance of crypto licenses to firms
The Financial Sector Conduct Authority(FSCA) of South Africa has kickstarted the process of issuing crypto licenses to crypto firms and exchanges. With this process, the country is taking a huge leap forward concerning crypto regulation. The move also aligns with the agency’s vision to increase consumer protection and eliminate financial crimes like financial terrorism in […]
Dubai regulator proposes a reduction in regulatory costs for smaller firms
The crypto industry in Dubai is experiencing a transformative shift. Crypto industries and investors are enjoying the benefits of this shift currently ongoing in the sector. However, in the midst of it all, there has been a heavy regulatory burden on smaller exchanges in the region. In this vein, Dubai’s Virtual Asset Regulatory Authority (VARA) […]
Bitget’s trading volume tops $1.6 trillion in Q1 2024
Crypto exchange Bitget has released its report for the first quarter of 2024. According to the report, the exchange recorded massive growths in trading volume, recording above $1.6 trillion in the first quarter. The exchange noted that its futures trading volume hit $1.4 trillion while its spot volume registered about $160 million. Bitget registers over […]
Kraken set timeline to delist Monero in Belgium and Ireland
Renowned crypto exchange Kraken has announced plans to delist privacy token Monero for its Belgium and Ireland users. According to the post, the exchange clarified that it was winding down its support for the tokens for users in the countries from May 10. Furthermore, the exchange urged traders with open margin trading positions to close […]
Solana Price Prediction 2024-2033: Is SOL a Good Investment?
Solana Price Prediction 2024-2033 How much is SOL worth? The live Solana price today is $172.40 USD with a 24-hour trading volume of $3,044,489,975 USD. We update our SOL to USD price in real-time. Solana is up 1.96% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $76,862,620,275 USD. It has a circulating […]
Polkadot signs IndyCar star Conor Daly on as its ambassador
Polkadot has decided to appear at the upcoming Indianapolis 500 car race with the selection of IndyCar driver Conor Daly as its new ambassador. The collaboration was announced at a press conference by Daly’s company. The collaboration, spanning just one year will take effect at the race scheduled to begin in May. Conor Daly signs […]
Solana memecoins drop drastically as congestion issues persist
Dogwifhat has registered double-digit losses as it leads the Solana-based memecoin decline in the last 24 hours. Losses among Solana memecoins have also outpaced losses experienced by their counterparts on other blockchains. According to CoinGecko data, WIF has experienced a 13% loss, trading at $3.46 on the day. Solana memecoins experience a significant decline The […]
Hong Kong-based stablecoin issuer expands to Sui network
Hong Kong-based stablecoins issuer First Digital Trust has announced plans to expand its token to the Sui blockchain. The dollar-pegged $3 billion FDUSD token had previously been available on Ethereum and BNB Chain. In a recent interview, First Digital CEO Vincent Chok revealed that this is one of the few efforts of the company to […]
Grayscale CEO shares update on its Bitcoin ETF outflows
Digital asset investment manager Grayscale’s CEO Michael Sonnenshein has shared an interesting update regarding the company’s spot Bitcoin exchange-traded funds (ETFs). According to a report on Reuters, Sonnenshein has said that he sees Grayscale’s Bitcoin ETF outflows reaching an equilibrium. He mentioned this in a recent episode of Inside ETFs. Grayscale CEO shares details about […]
SEI Price Prediction 2024-2033: Time to buy SEI?
SEI Price Prediction 2024-2033 SEI hit the crypto market with great hype, with multiple listings on top exchanges. SEI token that powers the SEI network, and trens bullish at current levels. Is it time to buy SEI? How much is SEI worth? The current SEI price is $0.6815. Here are more statistics at press time: […]
Telegram debunks Certik’s report on high-risk download vulnerability
Blockchain security firm CertiK released a new report showing that there is a new vulnerability on Telegram Messenger that is exposing users to malicious attacks. In its post on X, the security firm mentioned the vulnerability that hackers could use to deploy a remote code execution (RCE) attack through Telegram’s media processing. CertiK details Telegram’s […]
Filecoin liquid staking platform STFIL’s team members under investigation
Filecoin liquid staking platform STFIL has informed the public that some of its members are under investigation by the Chinese police. According to the platform’s post on X, its core technical team is being investigated. The handle mentioned that lawyers have been contacted to help the individuals in detention. Filecoin liquid staking platform details the […]
Can South Korea’s April 10 elections be influenced by crypto?
With the South Koreans going to the polls in the April 10 elections, there is a growing feeling that the crypto market could play a part in the fate of the candidates. The role of digital assets has been more crucial in this election compared to the last. According to analysts, it could be the […]
Solana devs target April 15 to fix Solana’s transaction issues
Solana developers have earmarked April 15 as the likely date to fix the recent implementation bug causing issues on the network. According to the CEO of Helius Labs Mert Mumtaz on X, the implementation bug is responsible for the sharp rise in the rate of failed transactions on Solana. In his X post, Mumtaz clarified […]
Ethereum-based products record negative outflows for the fourth consecutive week
Ethereum-based crypto investment products have witnessed a negative outflow for the fourth week in a row. According to data from CoinShares, Ethereum saw a $22.5 million worth of outflow last week with most altcoins experiencing an opposite trend. The report found that other crypto-based investment products experienced positive inflows. Ethereum-based investment products record negative outflows […]
ParaSwap DAO allocates funds to compensate hack victims
The ParaSwap DAO community has agreed to use the funds in its treasury to compensate hack victims. The proposal was submitted by the ParaSwap decentralized autonomous organization (DAO) on April 4, bringing the idea of using the funds to refund the AugustusV6 contract victims. ParaSwap DAO agrees to compensate victims The community came to a […]
Philippines SEC urges users to withdraw funds before Binance’s ban
Philippines Securities and Exchange Commission (SEC) PhiliFintech Innovation Office Chief Paolo Ong has said that the agency cannot sign off on new methods to withdraw from Binance after its potential ban. Recall that the Philippines SEC ordered the country’s National Telecommunications Commission (NTC) to block access to some exchanges due to their unlicensed status. Philippines […]
TON launches incentive-based program to drive digital verification
The Open Network (TON) developers have announced plans to incentivize users to verify their identity using a new palm technology. According to the update, the network has set aside about $5 million in incentives for users who wish to participate in the project. The TON society which constitutes the developers building on the network will […]
1inch partners with Mastercard to launch its crypto debit card
Decentralized exchange (DEX) aggregator 1inch network has announced a significant achievement in the Web3 space. According to its announcement, the DEX is teaming up with crypto card developer Baanx and payments firm Mastercard to roll out its Web3 debit card. The statement said that the card would be used to make crypto transactions online and […]
Mechanism Capital co-founder predicts boom for ‘culture coins’
The memecoin market has been experiencing a remarkable ride to the top, thanks to some overwhelming gains experienced by some of these tokens. However, some market participants including Mechanism Capital co-founder Andrew Kang believe that a new class of tokens will outshine the regular ones. According to his post on X, Kang believes that culture […]
Tezos Price Prediction 2024-2033: How High can XTZ Rise?
Tezos Price Prediction 2024-2033 Tezos coin has been making waves in the crypto world. Given the attention that the Tezos network is commanding in the crypto market, and if you are curious about the XTZ coin, Tezos Price Prediction is right up your alley. Where is XTZ now? Project management has made impactful decisions to […]
Telcoin Price Prediction 2023-2032: Is TEL a Good Investment?
Telcoin Price Prediction 2024-2033 Blockchain technology has been instrumental in developing novel financial solutions to resolve primary everyday difficulties, and more than ever, the demand for cryptocurrency innovations is on the rise. Telcoin (TEL) is one of these financial products seeking to transform global remittances by bringing decentralized finance (DeFi) to your mobile wallet. Telcoin […]
Aave Chan founder teases fee distribution for holders
Decentralized lending platform Aave is presently working on a proposal that will enable a fee switch which will be distributed to holders. This details was shared on the microblogging platform X by its founder Marc Zeller. The founder said in his statement that the Aave DAO has netted about $60 million in profits every year […]
Coinbase shares opinion on the upcoming Bitcoin halving
Traders in the cryptocurrency market have been anticipating the upcoming halving since the beginning of the year. This is down to the fact that every halving comes with a promise of a price surge. With Bitcoin recently hit a new all-time high price, Coinbase believes that it has obstacles to overcome after the halving. The […]
India empowers non-payment operators to offer CBDC wallets
Reserve Bank of India (RBI) has announced an expansion of wallet providers of its Central Bank Digital Currency (CBDC) wallet. The statement from the bank notes that it will empower non-payment operators to offer wallet services of its CBDC. The bank said that it will make the needed changes to effect this as the initiative […]
South Korean Party woo voters with access to US spot Bitcoin ETFs
Political parties in South Korea have turned to using incentives in the cryptocurrency industry to woo potential voters as the parliamentary elections draw closer. According to a Bloomberg report, the opposition Democratic Party has promised to remove restrictions on several domestic and international crypto products. Some of these include digital assets and exchange-traded funds (ETFs) […]
Bitcoin.org owner predicts a great divide in the Bitcoin community
Pseudonymous owner and operator of the Bitcoin.org website Cobra has predicted the incidents that will take place concerning BTC very soon. According to his post on X, Cobra claimed that a great divide will plague the community. He clarified that there would be two sets of people trying to determine what happens next with Bitcoin. […]
ZachXBT complains of borderline harassment from the IRS
Blockchain sleuth ZachXBT has come out to complain about harassment targeted at him by the Criminal Investigation Unit (CIU) of the United States Internal Revenue Service (IRS). According to his post on X, the blockchain investigator alleged that he is now a target of what he calls ‘borderline harassment’ as the agency continues to seek […]
