Venezuelans, once seeking solace in the digital gold rush, now face a harsh reality. The country, grappling with hyperinflation and economic instability, has banned all crypto mining farms connected to the national grid. This decision, announced by the Venezuelan National Power Ministry, prioritizes the crumbling power grid over the once-booming crypto industry. From Hope To […]
A crypto and macro researcher identified as “Flow” on X (formerly Twitter) has provided a detailed review of the profitability of new altcoins listed on Centralized Exchanges (CEX) such as Binance. The researcher disclosed that prominent exchanges like Binance have experienced a significant decline in the value and performance of new tokens listed on their […]
In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Ethereum […]
Recent data from Santiment, a prominent market intelligence firm, indicate that the altcoins may enter a “prime buying” phase. According to Santiment, more than 85% of the altcoins they track are currently positioned in what is historically considered a “buying opportunity zone.” Sentiment And Technical Indicators Favor Altcoins This assessment is based on the Market […]
Crypto analyst Ali Martinez has drawn the Cardano (ADA) community’s attention to a crucial indicator that could be bullish for Cardano’s price. Based on his analysis, the crypto token could experience a rally that would cause it to rise to as high as $1. Cardano Could Soon Experience A 75% Price Rally Martinez mentioned in […]
The tide may be turning in the highly watched legal battle between Ripple Labs and the US Securities and Exchange Commission. A recent decision by the Second Circuit Court of Appeals could significantly weaken the SEC’s case and bolster Ripple’s defense. The case in question, SEC v. Govil, involved allegations of fraudulent securities offerings by […]
The Shiba Inu project, known for its meme coin SHIB, is making waves in the cryptocurrency world with two key developments: a strategic sponsorship and a surge in social media activity. This move signals Shiba Inu’s intent to be a major player in the evolving Web3 landscape. Shiba Inu Sponsors Web3 Summit Dubai 2024 Shiba […]
Shiba Inu (SHIB) has seen its price going through a decline this week amidst wider corrections from most cryptocurrencies. The past seven days have been rough for SHIB hodlers, as the meme coin fell to as low as 0.00002584 earlier in the week, representing a price decline of over 15% from $0.00003069. However, it would […]
Last week was a particularly good week for DOGE. The meme coin experienced a surge in trading volume during the week that allowed it to successfully surpass the $0.22 price mark for the first time since November 2021. This spike saw the price of DOGE increasing by as much as 33% during the week, outperforming […]
A recent report from Bloomberg has shed light on Binance’s latest efforts to refine its client base. It enhanced the screening process for prime brokerage clients to exclude US-based investors from its platform. This move comes amidst increasing regulatory demands and the exchange’s endeavors to fortify its compliance framework. Binance Intensifies Screening To Exclude US […]
Shiba Inu (SHIB) whales are at it again, with large transactions involving the meme coin recorded lately. These high-volume transactions have piqued the interest of other investors, who have deliberated on whether this could be the perfect opportunity to accumulate the meme coin. Shiba Inu Whale Transfers 2 Trillion SHIB Tokens On-chain analytics platform Whale […]
The discussion surrounding approving a spot Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) is intensifying as the decision announcement date rapidly approaches. Bloomberg’s Senior ETF Analyst, Eric Balchunas, has shared a rather cautious outlook, estimating the likelihood of an ETH spot ETF receiving the green light at a mere 25%. […]