TL;DR Bitcoin experienced significant price fluctuations in the past few days, soaring to nearly $53,000 before dipping below $51,000, with predictions of future increases based on on-chain metrics and the upcoming halving. Ripple continues to fight the SEC over XRP’s classification as a security, getting partial court victories and expanding globally. Shiba Inu’s Shibarium achieved […]

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign Assets Control (OFAC) says that it has sanctioned several Bitcoin (BTC) and Ethereum (ETH) wallets linked to the group. According to a press release, the […]

TL;DR  Arthur Hayes, ex-CEO of BitMEX, shares his views on the crypto market, its trends, challenges, and opportunities. Hayes predicts a bull market for Bitcoin and Ethereum, but dismisses Cardano as “the first Ethereum imitator” and “dog shit.” Hayes advises crypto investors to stick to their strategies, avoid greed, and take profits when appropriate. In a recent […]

Earlier this month, Zetachain (ZETA) celebrated a significant milestone as it reached an all-time high (ATH) of $2.854. The surge marked a moment of triumph for the token, buoyed by positive market sentiment and a string of successful partnerships. However, in the past week, Zetachain has experienced a downtrend, witnessing a 13% decline over the […]

On Wednesday, the blockchain interoperability platform Wormhole revealed it is collaborating with the American multinational semiconductor company AMD (Advanced Micro Devices). Wormhole plans to utilize AMD’s Field Programmable Gate Array (FPGA) technology in order to bolster cross-chain communication and multi-chain scalability. AMD’s FPGA Tech to Power Wormhole’s Interoperability Ambitions Wormhole, an interoperability platform for blockchains, […]

Bayo Onanuga, an adviser to Nigeria’s President Bola Tinubu on information and strategy, has ignited a contentious debate by calling for a ban on cryptocurrency trading platforms including Binance, KuCoin, and others within the country. Onanuga Urges EFCC and CBN to Halt Cryptocurrency Exchanges Onanuga’s call for the ban surfaced on X social media platform […]

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Bitcoin’s price soared in February, with gains over $10,000, highlighting a potential acceleration in the current market cycle despite a lack of significant retail interest. Analyst Michael Pizzino stressed the importance of short corrections for the health of the accelerating bull market and cautioned against getting too caught up in the hype. Pizzino pointed out […]

Shiba Inu’s burn rate surges as its price approaches major milestone

The Bitcoin price has had a rocky start to the new week after losing its footing above $52,000 on Tuesday. However, all hope is not lost, as indicators still point to a continuation of this trend. Crypto analyst Tony The Bull has identified an important trend in the Bitcoin chart which could trigger a continuation […]

Plans for new rules and regulations for stablecoins and cryptocurrency staking in the United Kingdom (UK) are in the pipeline, according to a Bloomberg report. The report quotes the Economic Secretary to the Treasury Bim Afolami as saying at an event organized by Coinbase crypto exchange in London that the UK government was “pushing very […]

Fundstrat CEO Tom Lee says a myriad of positive catalysts are setting up to most likely push Bitcoin to much higher prices by the end of 2024. In a new interview on CNBC, Lee says that looser monetary policy, the Bitcoin halving and the increased demand stemming from the new spot BTC exchange-traded funds (ETFs) […]

Speaking on CNBC’s Squawk Box on Feb. 21, the American entrepreneur said he thinks Bitcoin prices will reach $150,000 this year. Lee cited three reasons for his bold price prediction, which would involve the asset moving 190% higher than current levels. “You have demand improving with the new ETFs, you have supply shrinking with the […]

The Seychelles-based cryptocurrency exchange Bitget has set its sights on expanding its presence in Latin America, according to Maximiliano Hinz, the company’s Director of Growth for the region. To gain a foothold, Bitget plans to increase its local team and focus on beginner-friendly products that don’t require constant portfolio oversight. Bitget Looks to Expand in […]

TL;DR MetaMask has surpassed 30 million monthly active users after a 55% surge. Its exponential growth reflects its increasing relevance and adoption in the crypto ecosystem, consolidating it as the preferred option for accessing and managing digital assets on the Ethereum network. The success of the wallet highlights the importance of security and trust in […]

TL;DR Shiba Inu has introduced the ERC404 token standard and launched the SHEboshi NFTs, combining features of both Non-Fungible Tokens (NFTs) and fungible tokens, contributing to its leading position in decentralized innovation. The Shiba Inu team has shown commitment to transparency and fairness by addressing a glitch during the SHEboshi NFT launch and outlined a comprehensive plan for the […]

Following its recent listing, Starknet’s native token, STRK, experienced a significant downturn, with its price plummeting by 27% within a 24-hour period.  The drop can be attributed largely to sell-offs triggered by a major airdrop, revealing challenges associated with token issuance strategies. Despite the potential of Starknet’s technology, the current price decline suggests a period […]

Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […]

Cryptocurrency custodians manage digital assets for the new bitcoin ETFs. But how does bitcoin custody compare to traditional finance?

The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000. After hitting this level, the cryptocurrency faced notable declines in its value. However, a crypto analyst has predicted that the price might continue to surge, highlighting the enduring strength of Bitcoin’s upward momentum.  BTC Price Needs To Hold Steady Despite […]

One Bitcoin metric indicates there’s still a “long way to go” before BTC hits its cyclical top, according to the co-founder and chief executive of analytics platform CryptoQuant. Ki Young Ju notes that 63% of Bitcoin’s realized cap hasn’t moved in more than six months. Realized cap is an on-chain metric that attempts to provide […]

After initial plans to extradite Do Kwon to the United States were overturned by Montenegro’s High Court, the decision was eventually reinstated. Montenegro’s decision to extradite Kwon to the US rather than to his native South Korea is due to political reasons. Kwon, the founder of Terraform Labs, was arrested in Montenegro while attempting to […]

Former high-profile lawyer for the SEC, Ladan Stewart, has stepped down from her role on the Crypto Assets and Cyber Unit. Stewart is leaving to join White & Case as a partner specialising in crypto and cyber security. She believes that crypto is here to say and that the regulatory changes will require lots of […]

Ethereum whale’s major moves on Binance and 1inch are setting crypto scene abuzz

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As South Korea approaches its next legislative election in 2024, both the current ruling party and […]

In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny […]

Circle, the US cryptocurrency firm, announced its decision to terminate support for its USDC token on the Tron blockchain network. The decision has been revealed today (Wednesday). Circle Halts USDC Minting on Tron Stablecoins like USDC are digital assets designed to maintain a stable value, typically backed by traditional currencies. Effective immediately, Circle will cease […]

Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized that the cryptocurrency is incredibly secure and proving to be a good […]

The chairman of Tulsa-based Vast Bank outlined the bank's relatively brief history with cryptocurrency and compared his experience with federal …

The chief executive of payments platform Ripple says that it would “make sense” if exchange-traded funds (ETF) centered around XRP and other digital assets were created. In a new interview with Bloomberg, Ripple Labs CEO Brad Garlinghouse predicts that a new wave of crypto investment products will appear in the future. “I think it makes […]

A closely followed crypto strategist is predicting big bursts to the upside for two artificial intelligence (AI)-related altcoins including Worldcoin (WLD). Ali Martinez tells his 46,500 followers on the social media platform X that he thinks the native asset of the decentralized storage network Filecoin (FIL) is close to witnessing a big breakout. Filecoin’s decentralized […]

TL;DR Optimism distributes over $41 million in OP tokens to NFT artists. More than 22,000 unique addresses benefited from the fourth airdrop. Recognition of the creativity and contribution of artists in the Optimism Superchain. In a move aimed at celebrating and rewarding creativity within its vibrant community, Optimism has announced the launch of its fourth […]