Recently, a Federal High Court in Nigeria made a significant ruling that could potentially have far-reaching consequences for Binance, the world’s largest cryptocurrency exchange. The court ordered Binance to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of a
Crypto
NodeMonkes, a prominent NFT collection within the realm of Bitcoin, has experienced a remarkable surge in market capitalization, surpassing the well-known Bored Ape Yacht Club (BAYC) by over 50% in just 24 hours. CoinGecko data reveals a significant 53.3% increase in NodeMonkes’ floor price, propelling it to become the second-largest NFT collection in terms of
The cryptocurrency market is currently experiencing a significant downturn, with Bitcoin’s price plummeting by roughly $10,000 since its peak last Thursday when it reached nearly $74,000. This decline has also had a ripple effect on alternative coins, causing heavy losses across the board. The total crypto market cap has dropped to under $2.5 trillion, down
Recently, Cardano has faced scrutiny within the community, particularly regarding the progress of the Hydra project. The layer 2 scalability solution is aimed at enhancing transaction speed, reducing costs, and improving the overall functionality of the Cardano platform. Despite rumors circulating about the project’s potential demise, co-founder Charles Hoskinson has been quick to dismiss such
Bitcoin recently made headlines by hitting a new all-time high of over $73,500, only to experience a sharp drop to $65,000 shortly after. The cryptocurrency has since bounced back, currently trading at over $68,600. The volatility in Bitcoin’s price can be attributed to various factors, including the upcoming Federal Open Market Committee (FOMC) meeting and
Over the weekend, the cryptocurrency market experienced a significant downturn, with Bitcoin plunging to a ten-day low of under $65,000. This marked a stark contrast to the previous days when Bitcoin had surged to a new all-time high of $73,800. However, this peak was short-lived as the bears took control of the market and pushed
Bitcoin experienced heightened volatility towards the end of the business week, with a significant drop of $8,000. However, it has managed to recover some of the losses since then. The week started off with several price fluctuations as well, as Bitcoin first dropped to $67,000 before experiencing a massive surge that led to a new
In a surprising move earlier this year, Binance Labs, the venture capital and incubation arm of the world’s leading crypto exchange Binance, announced that it was spinning off from its parent company. This development marks a significant shift during CEO Richard Teng’s tenure, with the website now clearly stating its independence from the Binance Group.
The Chief Legal Officer at Coinbase, Paul Grewal, recently addressed a letter written by Senators Jack Reed and Laphonza Butler, criticizing their plea to the SEC for stricter regulations on Bitcoin exchange-traded funds (ETFs). Grewal argued that the evidence actually supports the need for expanding the ETF market to include assets beyond Bitcoin, highlighting the
The recent market correction has led to a dip in the price of Ripple’s XRP, with the asset currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downward trend, analysts like EGRAG CRYPTO are remaining optimistic about the future of XRP, predicting “life-changing,