Bitcoin’s price has been on a rollercoaster ride, with significant drops and rebounds in a short period of time. The recent plunge below $54,000 on July 5 has highlighted the intense volatility that investors in the market have to deal with. While some traders and analysts remain optimistic about the long-term bullish cycle, others have
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against Binance, a popular cryptocurrency exchange platform. Akinwumi claimed that Binance was conducting transactions that should only be reserved for authorized banks and financial institutions, going against the rules set by the CBN. Akinwumi’s accusations were part of his testimony
Bitcoin investors have been eagerly anticipating the restitution from the now-defunct Mt. Gox exchange for over a decade. However, the uncertainty surrounding the distributions has caused anxiety among market players. Despite modest ETF inflows, Bitcoin has been on a declining trend since the beginning of June, failing to gain significant upward momentum. The recent price
In recent days, the crypto market has experienced a significant decline of 15%, resulting in over $350 million exiting the space. This correction has broken monthly support levels, leading crypto assets to their lowest levels since late February. Despite the bearish sentiment returning, market analysts and experts such as Cryptographer Adam Back have pointed out
Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has recently experienced a notable 3.4% price increase in the past 24 hours. This surge comes amid a broader recovery in the cryptocurrency market, with Bitcoin and Ethereum also seeing slight gains of 2.5% and 2.2%, respectively. Technical analysis on TradingView suggests that Cardano may be on
Semilore Faleti is a cryptocurrency writer with a strong foundation in journalism and content creation. His journey into the world of cryptocurrencies began with a broad range of subjects, but it was his fascination with the intricacies of blockchains and digital assets that truly captivated him. He believes in the transformative power of cryptocurrency in
PancakeSwap, a popular multi-chain decentralized exchange (DEX), recently made an announcement regarding a major community reward program that is set to take place from July 5 to August 5. This program aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their support in the zkSync PancakeSwap
Meme coins have had their time in the spotlight during the recent bull cycle in the cryptocurrency market. Tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and various Solana-based coins have experienced significant gains over the past few months. However, their growth has hit a snag with the current market correction. One key factor that could
The crypto market is currently facing a turbulent phase, with Ethereum experiencing a significant downturn of nearly 15% in its value over the past week. Adding to this negative price performance, Peter Schiff, a well-known economist and crypto skeptic, has projected a stark prediction for Ethereum. According to Schiff, Ethereum could potentially plummet to as
The former Solicitor General Donald B. Verrilli, who previously served during the Obama administration, has accused US regulators of deliberately stifling the crypto industry through debanking practices. Verrilli, who now holds the position of Grayscale Investments’ senior legal strategist, made these accusations in a joint amicus brief filed with Paul Clement, the former Solicitor General