Today, the prices of the leading cryptocurrencies took a downturn once more. The Bitcoin price dipped to reach $67,000, while Ethereum slipped under the $3,200 threshold. Furthermore, notable altcoins like XRP, Solana, and Cardano suffered substantial losses as well. Major Crypto Prices Today 1. Bitcoin Price The price of Bitcoin declined by 3.98%, dropping to … Read more
The cryptocurrency sector in Asia is experiencing a resurgence, with Upbit, a South Korean exchange, joining the ranks of the top five global platforms. Data indicates that the Korean Won has supplanted the US Dollar as the preferred fiat currency for trading Bitcoin and other virtual assets. Upbit Popularity and Trading Skyrockets Upbit offers a … Read more
More recent news has surfaced about a purported memo from the Central Bank of Nigeria (CBN). This memo reportedly advised financial institutions to cease dealing with cryptocurrencies and to stop facilitating transactions for crypto exchanges. Four months ago, Nigeria removed the restriction that prohibited banks and financial institutions from maintaining accounts for virtual asset service … Read more
After the most recent Bitcoin halving, its inflation rate is now lower than that of gold, meaning Bitcoin is currently the scarcest asset on record. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In their recent weekly update, Glassnote, a leading on-chain analysis firm, explored how the most recent Bitcoin halving has influenced … Read more
Dogecoin‘s future price rise is optimistically anticipated by crypto experts. Yet, not everyone in the field holds this viewpoint. In an interview with CoinTelegraph, Pav Hundal, Swyftx’s lead analyst, cautioned against setting a $1 target for Dogecoin as it could be overly ambitious. Why Dogecoin Might Not Reach $1 During the interview, Hundal cautions that … Read more
Graham Rodford, the CEO and co-founder of Archax, recently addressed concerns on the X platform concerning BlackRock’s role in the tokenization of funds on Hedera’s blockchain. Following the surge in value of Hedera’s HBAR token after BlackRock announced its intention to tokenize the ICS US Treasury Fund, there were questions about the extent of BlackRock’s … Read more
Bitcoin’s price hovering around $66,000 is causing some uncertainty, as the cryptocurrency known as digital gold finds it challenging to break through this barrier. The blue line on the chart signifies Bitcoin’s 50-day moving average. This mark has proven to be a significant resistance level for Bitcoin, which it has yet to exceed. At present, … Read more
In simpler terms, there’s been a significant increase in network usage across the wider Ethereum community. As per Dune Analytics’ data, approximately 10 million wallets are interacting with the Ethereum mainnet and its layer-2 platforms such as Base, Optimism, and Arbitrum – excluding those associated with Ordinals. Ethereum Ecosystem Vibrant: Record 10 Million Active Wallets … Read more
TikTok CEO Shou Zi Chew has reassured users of the app that the company will work hard to challenge and lift the US ban. As reported by Reuters, the CEO is optimistic about their chances of prevailing in a legal battle against a law recently signed into law by President Joe Biden. This legislation could … Read more
CZ Zhao, the ex-CEO of Binance, could spend time in prison at the Federal Detention Center (FDC) in SeaTac, Washington. This is due to his admission of wrongdoing related to money laundering allegations. It’s worth mentioning that FDC SeaTac has previously held other well-known individuals like a Proud Boys member and cryptocurrency activist Jim Bell. … Read more