According to data from CryptoQuant’s CEO Ki Young Ju, the average period Bitcoin (BTC) has gone unused has reached a 13-year peak. This increase in dormancy indicates that older Bitcoins are being transferred to new owners, possibly leading to a shift in the cryptocurrency’s ownership structure. March 23rd marked a new peak for Bitcoin’s Average … Read more
Today, the cost of Solana has climbed by more than 2%, indicating that investors are becoming increasingly optimistic about this significant cryptocurrency. This uptick in price comes on the heels of an important announcement within the Solana community: the resolution of long-standing network congestion issues. As a result, users can now look forward to faster … Read more
Coinbase, a prominent cryptocurrency exchange, has generated buzz in the digital currency community by announcing a freebie in honor of Bitcoin‘s groundbreaking halving occasion. During this significant event, Coinbase is organizing a weekly Bitcoin lottery as part of the festivities. Contestants have an opportunity to secure some BTC as prizes. Every four years or so, … Read more
Shiba Inu (SHIB), known as the meme coin aiming to dethrone Dogecoin, caused great excitement in the crypto world today. Its burn rate soared by an incredible 2200%, fueled by SHIB’s positive reflection of the broader market trend. This significant increase in the SHIB burn rate has sparked optimism among traders and investors, leading to … Read more
In simpler terms, analyses of Bitcoin‘s price trend by market experts present contrasting views. For instance, Ali Martinez, a well-known crypto analyst, raised concerns as he spotted a sell signal on the Bitcoin price graph and suggested that a drop in BTC could be imminent. Will Bitcoin Plunge Below $65,500? In a recent post on … Read more
The Central Bank of Nigeria (CBN) has quickly addressed rumors spreading about an alleged directive from their office regarding identifying and limiting cryptocurrency transactions with exchanges. However, these rumors are unfounded as no such instruction came from the CBN. The bank advises the public to only trust information from their official website at cbn.gov.ng for … Read more
During financial instability and tough restrictions in countries such as Argentina and Venezuela, people have looked to Bitcoin as a means of survival. The International Monetary Fund (IMF) explores how locals are utilizing Bitcoin as an alternative financial tool, conducting transactions beyond the reach of capital controls outside the blockchain network. In difficult economic situations, … Read more
During recent talks among XRP enthusiasts, Ripple‘s CTO David Schwartz clarified the relationship between Ripple stock and XRP. His comments generated excitement as Ripple considers going public through an Initial Public Offering (IPO). During an animated discussion in the community, Schwartz shared his views on Ripple shares versus XRP. In response to questions about his … Read more
Mishaboar, a Dogecoin supporter active on social media under the handle @Mishaboar, recently took to Twitter to issue a cautionary message to investors dealing with Dogecoin and other less capitalized meme coins. Specifically, be cautious when investing in meme cryptocurrencies that suddenly appear for trading on crypto exchanges with unusual speed. Warning about meme coins … Read more
Changpeng Zhao, the head of Binance, the world’s biggest cryptocurrency exchange, may receive a three-year prison sentence based on the US Department of Justice’s (DOJ) recommendation. This comes after Zhao admitted to violating anti-money laundering (AML) regulations last year as required by the Bank Secrecy Act. A “Message” To The Binance Founder And The World … Read more