VanEck, a major player in the banking industry, has made a bold prediction regarding the future of Ethereum Layer-2 (L2) solutions. They have valued these L2 solutions at an incredible $1 trillion, emphasizing the crucial role that efficiency gains and scalability improvements will play in the advancement of blockchain technology. According to VanEck researchers, Ethereum
One of the most striking aspects of the recent legal proceedings involving Binance in Nigeria is the absence of legal representation for the crypto exchange. During the court hearing on April 4, only the compliance chief, Tigran Gambaryan, was present, while legal counsel was noticeably missing. This lack of legal representation could potentially have significant
The Ethena token (ENA) has experienced a significant surge of 13% within 24 hours of being listed on Binance. This governance token is associated with Ethena’s decentralized finance (DeFi) protocol, boasting an impressive 35% APY through its yield-earning dollar-pegged stablecoin USDe. Unlike its competitors like Tether (USDT) and Circle (USDC), USDe functions as a “synthetic
The cryptocurrency market recently experienced a correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price fell by about 6% over a seven-day period, currently trading around $65,400 according to CoinGecko’s data. One possible reason for BTC’s increased volatility and declining value could be profit-taking by long-term holders. Reports have shown
The introduction of Coachella Quests has revolutionized the way music festivals engage with their fans. By incorporating blockchain technology, Coachella has taken fan loyalty to a whole new level. Participants can now earn exclusive NFT Stamps and Points by completing various tasks, unlocking a world of exclusive benefits and experiences. This gamification approach not only
Lithuania is planning to implement strict licensing requirements on cryptocurrency firms by the year 2025. This new regulation is expected to have a significant impact on the number of companies that can operate in the country. According to Central bank board member Simonas Krepsta, the goal of these measures is to establish a strong oversight
The cryptocurrency market is abuzz with the latest sensation – Wally the Whale token, which has witnessed an unprecedented surge of 44,510% in just 24 hours. This Solana meme coin has captured the attention of investors, thanks to its dynamic marine mascot and viral traction on Crypto X. With WALLY currently trading at $0.00000216, there
The recent sharp downturn in the Bitcoin price, dropping below $67,000, has caused concern among investors. However, crypto analyst Michael van de Poppe has taken a more optimistic stance, urging the crypto community to seize the opportunity to buy more Bitcoin at a lower price. In a recent post on X (formerly Twitter), Poppe shared
The recent report from Glassnode on April 2 indicated that long-term holders of Bitcoin have begun distributing their holdings and selling to new investors at higher prices. This activity has resulted in an injection of new capital into the asset class, leading to a rise in the realized cap. The realized cap, which measures cumulative
Recent legal challenges faced by KuCoin with US authorities have led to a significant decrease in user assets on the exchange. According to the latest proof-of-reserve certificate, KuCoin users have experienced a reduction in their Bitcoin holdings by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances have dropped by around 22% to approximately 112,000