For seven straight weeks, the cryptocurrency market received a total of $12.3 billion. However, last week marked a change as CoinShares reported withdrawals amounting to approximately $942 million – the initial outflow since the extended period of inflows. Furthermore, the report notes that while trading volumes were substantial last week at $28 billion, this is … Read more
Elon Musk recently announced a fresh strategy on social media platform X to combat the issue of bots. According to updates on X’s website, Musk underlined the importance of charging new users a minimal fee as a crucial step in this battle. He explained that this approach is the “most effective method” for preventing bot … Read more
The price of XRP, Ethereum, and Bitcoin in China could potentially surge following the recent launch of a new ETF, according to Forbes. Crypto investors are already bracing for a significant increase in demand for these digital currencies as investors from Hong Kong and the United States compete to channel their funds into respective cryptocurrency … Read more
Bitcoin‘s (BTC) price decline has persisted for a third day, despite initial attempts at recovery. Bulls are attempting to maintain support at higher levels, relying on inflows from spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming halving event. However, bearish traders argue that the anticipated rally may not materialize due to larger economic trends … Read more
The price of Polygon‘s token, MATIC, has dropped significantly, following the trend of most major cryptocurrencies during the recent market sell-off. Since the third week of March, MATIC has decreased by 46%, now trading at $0.69. Factors such as geopolitical tensions in the Middle East and Bitcoin‘s pre-halving correction are contributing to the market’s bearish … Read more
Dogecoin (DOGE), the leading meme cryptocurrency, experienced a surge of over 4% in price following Elon Musk’s latest humorous post about it on Twitter. Musk told a version of the well-known “Biggus Dickus” humor from the 1979 Monty Python movie, Monty Python’s Life of Brian. A billionaire has likened the mainstream media to soldiers in … Read more
Recently, the rate at which Shiba Inu (SHIB) tokens are being destroyed, known as burn rate, saw a significant decrease following a large increase the previous day. This sudden change is causing worry among supporters since burning tokens is an essential part of the SHIB community’s functioning. Shiba Inu’s Burn Rate Declines By 99% The … Read more
Mark Cuban, an American entrepreneur, used X to share with his audience the result of a past decision he made concerning his taxes. KPMG Estimates Mark Cuban’s Tax Based on Cuban’s account, he has transferred a grand total of $275.9 million to the Internal Revenue Service (IRS) as settlement for his entire tax liability due … Read more
The upcoming Bitcoin halving, predicted to occur between April 17 and 21, is generating buzz in the cryptocurrency world and keeping investors on tenterhooks. Anticipation is high, leading many to consider adjusting their crypto holdings by rebalancing and redistributing their investments. This could be a prime opportunity for the biggest Bitcoin bull run yet within … Read more
A major security incident involving the Grand Base token (GB) caused great concern in the cryptocurrency world, resulting in approximately $2 million in losses. The price of GB plummeted nearly 100% following news of the hack. Coinbase’s widely used Grand Base protocol for tokenizing real-world assets on its layer-2 blockchain has recently given undeniable proof … Read more