A newly filed class-action complaint alleges that Coinbase violated US securities laws. The complaint, which was filed in the Northern District of California’s San Francisco division on Friday, claims that the top US crypto exchange has been operating as “part of a shadowy crypto ecosystem operating just outside of the law.” “Its entire business model […]
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Which top coins have energy to rise this week?
2024-05-07 08:05:26 ET Dubai, UAE, May 7th, 2024, Chainwire MultiBank.io , part of the esteemed MultiBank Group, and a regulated cryptocurrency …
Top Cryptos For May 2024: BlockDAG Dominates With 30,000x ROI, Alongside Binance Coin And Toncoin As May 2024 approaches, the cryptocurrency landscape continues to buzz with activity, attracting substantial investor interest. Leading the charge is BlockDAG, which has made a significant impact in its presale, selling over 8.5 billion coins and amassing $23.3 million, with […]
On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day. Here’s where these tokens have been heading. PEPE Whales Have Been Active On The Network Today According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few […]
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.
TL;DR Dogecoin has seen a 12% increase in value weekly, largely attributed to Tesla adopting it as a payment method. DOGE holders in profit are on the rise, significantly outnumbering those invested in Shiba Inu (SHIB). DOGE Investments Flash Green The largest meme coin in terms of market capitalization—Dogecoin (DOGE)—has been among the best-performing cryptocurrencies […]
A closely followed crypto analyst says it’s time for altcoins to rally and predicts that one blue-chip memecoin will be a major beneficiary. Pseudonymous analyst Rekt Capital tells his 461,000 followers on the social media platform X that the OTHERS chart, which tracks the market cap of all cryptocurrencies excluding the 10 largest digital assets, […]
Sui Network is addressing “misleading” posts about its token supply being unfavorable to retail investors. In a post on the social media platform X, Sui Network says that third-party custodians safeguard locked SUI tokens, and they cannot be moved until they are unlocked according to the project’s token emission schedule. Sui Network also clarifies that […]
TL;DR Vitalik Buterin shows interest in Fully Homomorphic Encryption (FHE), a revolutionary encryption technique. The resurgence of FHE has sparked discussions about its potential applications in data security and privacy. FHE faces challenges such as computational cost and security optimization, but Vitalik’s endorsement highlights its importance for the future of data security. Vitalik Buterin, known […]
TL;DR Investment Over Luxury: Contrary to popular belief, Americans are investing their crypto gains in assets like real estate rather than spending on luxury items. Wealth Effect Analysis: Researchers, including Darren Aiello and Noelle Acheson, found that crypto gains are being used similarly to traditional equity investments, influencing a surge in housing markets. Spending Patterns: […]
The Bitcoin network processed its one-billionth transaction over the weekend, 15 years after the network launched in January 2009. It’s likely Bitcoin’s next billion transactions will come much faster as transaction volume increases due to the introduction of new technologies like ordinals and Runes protocol. Just prior to the billionth transaction, a long-dormant Bitcoin wallet […]
The SEC issued a Wells Notice to Robinhood over alleged securities law violations regarding digital asset trades. Robinhood’s management disputes the assets are securities and is prepared to contest the SEC’s potential legal actions. Former SEC Commissioner Dan Gallagher, now Robinhood’s CLO, argues that the crypto assets listed are not securities. An all too familiar […]
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology. Leveraging […]
Stablecoins gaining more volume and might beat Visa, but there’s catch
Here are the top three trending cryptocurrency coins for investors and explorers to secure fast, rapid profits from!
A little under a year ago, I announced on Twitter the idea of the Bitcoin Script Project. To say it was well received would be an understatement. Bitcoiners were craving something they could hang onto in the middle of the bear. Glimmers of hope were on the horizon and I intended to magnify those and […]
Crypto enthusiasts and experts often keep an eye out for huge on-chain transactions due to the significance they can have on price action. Whale activity is usually a key indicator for price movements, and the recent movement of 5 trillion Shiba Inu (SHIB) tokens could foreshadow potential market movements. While observers ponder on the potential […]
In recent weeks, Ethereum has displayed subtle signs of recovery amidst a generally bearish crypto market, with the altcoin mimicking Bitcoin’s modest uptrend. Despite Ethereum’s price increasing slightly by 0.2% over the last 24 hours, a parallel trend that might significantly affect Ethereum’s economic model has been unfolding beneath the surface. Decline In Network Activity […]
The Colombian bank behind the crypto exchange claimed the platform was created after nearly a decade of study and research.
Bitfinex chief technology officer Paolo Ardoino is rejecting rumors that the crypto exchange was a victim of a database exploit last month. Ardoino, who also serves as Tether’s chief executive, says on the social media platform X that the database breach appears fake and that users’ funds are safe. According to Ardoino, the details of the […]
BitMEX co-founder Arthur Hayes just added about $500,000 to his seven-figure position in one decentralized finance (DeFi) altcoin project, according to on-chain data. According to the Ethereum (ETH) block explorer Etherscan, Hayes has purchased more than 98,560 Pendle (PENDLE) tokens, a project that allows users to tokenize and sell future yields. He made the transaction […]
Bitcoin’s price was on a roll for a few days and tapped a local peak of over $65,500 yesterday but was pushed down immediately by over two grand. The altcoins are also deep in the red today, with DOGE, SHIB, and AVAX among the poorest performers from the larger caps. BTC Stopped at $65.5K The […]
TL;DR Bitcoin Runes Launch: A new protocol called Bitcoin Runes, introduced by Casey Rodarmor, has surpassed Bitcoin (BTC), Ordinals, and BRC-20 in daily transactions. Launched on April 20, 2024, it’s considered the most significant update since Ordinals. Transaction Dominance and Recovery: Runes quickly dominated Bitcoin network transactions, peaking at 81.3% on April 23. Despite a […]
Payment giant Visa has teamed up with Allium Labs to analyse the origins of stablecoin transactions across the crypto industry. The report found that less than 10% of trades were “organic”, meaning that bots still dominate the DeFi sector. Experts believe that true mainstream adoption of stablecoins may still be the path forward, however the […]
Bitcoin recovered to above US$63K after a significant drop, with current market conditions described as the most volatile since November 2022. The Exchange Whale Ratio has spiked, indicating that whales may be preparing to sell, contributing to the market’s bearish trends. The STH-MVRV ratio is below one, suggesting reduced selling pressure and potential market recovery, […]
Gala (GALA), the token powering the Gala Games ecosystem, has been making some serious moves in the past week. GALA has soared 13% over the last seven days – and now one popular analyst is claiming that the token could realistically double from here. Analyst Predicts GALA Could Double as Technicals Strengthen It’s been a […]
Shiba Inu (SHIB) burn rate tops 4,085% amid mild price rebound
In the captivating world of cryptocurrency, Solana (SOL), a prominent digital currency, is making headlines. In a robust upward trajectory, …
You know how the dodo bird became extinct? It became too fat to fly. In fact, the name ‘dodo’ likely originated from the Portuguese word, ‘simpleton’. The dodo bird lived very comfortably for much of its existence on an isolated island that lacked any natural predators. Over time the dodo bird grew bigger, and its […]
The U.S. Securities and Exchange Commission (SEC) has alerted Robinhood Crypto that the regulatory agency will soon be pursuing legal action against the trading platform. According to an 8-K Filing submitted over the weekend, Robinhood’s crypto trading arm, Robinhood Crypto, has received a Wells Notice from the SEC. A Wells Notice is a warning issued by the SEC that […]