The month of May saw a significant milestone in the world of cryptocurrency investments, with a total of around $1.02 billion being publicly disclosed across 156 different investments. Ethereum emerged as the dominant player in this period, showcasing the continued growth and interest in the digital asset space. Nigeria Drops Tax Evasion Charges Against Binance
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The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. Recently, the trial phase began, with the regulator initially seeking a $2 billion penalty. However, the latest proposal from the SEC is a significantly reduced $102.6 million fine, while Ripple argues for a fine not exceeding $10
The 24-hour trading volume of Tether (USDT) on the TRON network has skyrocketed to an impressive $53 billion, exceeding the average daily trading volume of payment giant Visa, which stood at $42 billion for the first quarter of 2024. This noteworthy achievement showcases the rapid growth and adoption of TRON-based USDT in the crypto market.
Standard Chartered, a renowned British multinational bank, has recently announced its plans to launch a trading desk for Bitcoin and Ether. This groundbreaking development sets the bank apart as one of the first global institutions to venture into spot cryptocurrency trading. The decision comes after Standard Chartered’s prolonged engagement with various entities in the digital
The recent surge in political-themed meme coins, such as Super Trump (STRUMP) and Maga Hat (MAGA), has garnered attention from the crypto community. These tokens have become speculative assets as the United States presidential debate approaches, leading to significant volatility in their prices. Analysts have warned that these meme coins could witness dramatic rises and
In the realm of cryptocurrency market trends, Bitcoin has always been a significant player, often setting the tone for other digital assets. However, a recent shift has been observed in the behavior of long-term holders of Bitcoin and Ethereum. While Bitcoin holders have been liquidating their positions since January, Ethereum holders have been on a
Bitcoin’s price movements have once again failed to impress as the asset faced strong resistance at $66,400 and plummeted towards $64,000 for the third time in one week. This downward trend has not only affected Bitcoin but also spilled over into the altcoin market, with several coins experiencing significant losses, particularly in the meme coin
In the past 24 hours, major cryptocurrencies such as Bitcoin, Ethereum, and Ripple have shown minor gains, indicating a recovery from the losses experienced in the previous days. This positive trend has brought some relief to investors who were worried about the bearish market conditions. Additionally, AI-related coins like Fetch.ai have seen significant pumps, showcasing
NVIDIA, once seen as a leading force on Wall Street, has now claimed the title of the largest market capitalization in the world, surpassing even tech giant Microsoft. In a surprising turn of events, the company witnessed a significant increase of approximately 3.5% in its stock price over the last 24 hours. This impressive growth
Recently, it was revealed that an undisclosed white-hat hacker group managed to steal approximately $3 million worth of digital assets from leading cryptocurrency exchange Kraken. The hackers exploited a bug in the platform’s system, allowing them to inflate their balances artificially and withdraw funds without completing deposits. One security researcher alerted Kraken about an “extremely