Recently, a group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul, has raised an urgent plea to President Joe Biden regarding the detention of Tigran Gambaryan in Nigeria. This high-ranking executive at Binance has been held by Nigerian authorities for nearly three months, with the situation escalating to what the lawmakers
In recent months, there has been a noticeable increase in the number of large bitcoin holders, commonly referred to as “whales,” accumulating more tokens. Reports indicate that a specific group of whale addresses now collectively possess over 40% of the total bitcoin supply. This trend of accumulation by whale addresses holding more than 1,000 BTC
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has emerged once more as the top real-world asset with the most development activity in the last 30 days. Real-world assets, which represent physical assets like properties and objects in the cryptocurrency world, are gaining popularity as they run on smart
Bybit, one of the leading cryptocurrency exchanges, has made a significant change by removing China from the list of countries whose citizens are restricted from using its services. This move, confirmed on June 5 through the exchange’s website, has raised eyebrows due to China’s strict regulatory stance towards the crypto industry. It is important to
The recent performance of crypto assets such as Bitcoin, Ethereum, and Solana has continued to outshine traditional investments like Gold. According to a report shared by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), these digital assets have boasted annualized returns of 141%, 152%, and 224% respectively, far surpassing the returns of traditional assets
The launch of spot Ethereum ETFs is expected to bring a moderate level of excitement among traders and investors. Despite a relatively calm week, the arrival of these funds is anticipated to follow a similar explosive trajectory as seen with the introduction of Bitcoin ETFs, according to research conducted by K33. Projections from the research
The latest trends in the cryptocurrency market have revealed an interesting pattern of behavior among whales, particularly concerning meme coins like Shiba Inu (SHIB). One particular whale recently made waves by massively accumulating SHIB tokens, spending a staggering 4,849 ETH, equivalent to approximately $18.44 million, to acquire an astounding 715.9 billion SHIB in just six
Binance Coin, the native token of the world’s largest cryptocurrency exchange, has recently seen a surge in its value, surpassing $700 and setting a new all-time high. Despite this remarkable performance, the journey to this point has been tumultuous for Binance and its associated controversies. The ongoing legal battles in multiple jurisdictions, including a high-profile
Bitcoin, the enigmatic digital currency, is once again at the center of attention as the US banking system faces increasing pressure. While some enthusiasts are foreseeing a dramatic surge in Bitcoin’s value to $1 million per coin, driven by economic uncertainties, there are others who remain cautious. Advocates of Bitcoin argue that its finite supply
The market is currently underestimating the significance of Washington’s evolving attitude toward cryptocurrencies. According to Bitwise CIO Matt Hougan, there has been a significant shift in the US political landscape regarding crypto in recent weeks. While historically a partisan issue, with Republicans generally supporting and Democrats showing resistance, we are now seeing a more positive