In simpler terms, Bitcoin and other cryptocurrencies have experienced significant downturns within the past day, leading to over $900 million in losses through liquidations. The value of Ethereum (ETH) has dropped by a large margin, reaching approximately $3,250. Ethereum Whale Action Large investors or institutions in the Ethereum market, referred to as whales, have recently … Read more
The cryptocurrency market experienced a significant drop, causing the total market capitalization to fall by approximately 8%, down to $2.38 trillion. Consequently, there was a loss of around $250 billion in market value during this recent selling frenzy. The price of Bitcoin dropped from $70,978 to $65,254 for several reasons. These included options expiry, historical … Read more
More dramatically, U.S. politicians have strongly criticized the Biden Administration following Huawei’s introduction of a new laptop with Intel-powered AI chips. This reaction stems from the fact that Huawei was added to the U.S. trade restriction list in 2019 due to allegations of violating Iran sanctions, an action intended to limit China’s technological advancements. US … Read more
Billy Markus, also known as “Shibetoshi Nakamoto” on X social media, humorously and sarcastically contributes to discussions about the cryptocurrency world. He was a co-creator of Dogecoin in 2013. On Fridays, the crypto market saw a downturn, causing DOGE to drop more than 19%. Amidst this, Markus made an intriguing remark about the current situation … Read more
Australian authorities have reportedly dismissed billionaire Andrew Forrest’s legal action against Meta over cryptocurrency fraud ads featuring his likeness on Facebook. This news is disappointing for Forrest, who is determined to make Meta accountable for the alleged permissiveness towards scam promoters using his image. Australian Authorities Throw Out Forrest’s Case Due To Insufficient Evidence In … Read more
A proposal presented by Ripple‘s development team, led by Aanchal Malhotra and Vito Tumas, aims to significantly improve the XRP Ledger (XRPL) through a new innovation called Native Lending Protocol. This groundbreaking initiative could transform decentralized finance (DeFi) within the XRPL ecosystem, making it more efficient and effective. Ripple Announces Native Lending Protocol Proposal For … Read more
In the ongoing dispute between Coinbase and the U.S. Securities and Exchange Commission (SEC), a lawyer supportive of XRP made a noteworthy comment, igniting conversation within the crypto community. Additionally, Coinbase’s latest attempt to request an interlocutory appeal has piqued the interest of market observers and traders alike. At the same time, Bill Morgan, a … Read more
The amount of Bitcoin held by the Grayscale Bitcoin ETF (GBTC) is decreasing rapidly with no end in sight. On Friday, April 12, GBTC experienced significant outflows totaling over $166 million, resulting in the loss of approximately 2,500 Bitcoin from the fund’s holdings. GBTC Outflows Surpass $16 Billion According to Farside Investors’ figures, over $16.2 … Read more
Coinbase has been putting up a strong resistance against the U.S. Securities and Exchange Commission (SEC) in relation to their regulatory control over cryptocurrency transactions. In a recent turn of events, Coinbase is asking the court for permission to appeal an SEC decision concerning the definition of an “investment contract.” Coinbase CLO Initiates Legal Action … Read more
UFC has secured a significant deal with VeChain, worth $100 million over five years, marking VeChain’s first major partnership with a sports organization. This groundbreaking collaboration between UFC and VeChain, a blockchain logistics company, opens up a global audience for VeChain to engage with UFC fans. UFC Flexes Financial Muscle Through this strategic partnership, UFC … Read more