Samuel Edyme, known in the digital world as HIM-buktu, is a multifaceted individual with a diverse skill set. His background as a web3 content writer, journalist, and budding trader has shaped him into a unique personality in the crypto space. Edyme’s journey into the world of cryptocurrencies did not start off on a high note
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BitMEX, a derivatives exchange operating from Seychelles, has excited the trading community with its recent announcement of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with a unique opportunity to gain exposure to a selection of the top meme coins in the market through a single contract. Positioned
Renowned crypto expert Michael van de Poppe has recently brought attention to a significant indicator that could signal a crucial bounce for Bitcoin, following its recent dip below $60,000. Van de Poppe emphasized in a social media post that the CME gap for Bitcoin has closed, indicating that the time may be ripe for a
South Korea’s Financial Supervisory Service (FSS) has announced plans to enhance supervision of cryptocurrency trading platforms within its jurisdiction. The aim is to crack down on fraudulent transactions and protect investors from potential risks in the digital asset market. As part of these efforts, local exchanges will be required to establish a continuous monitoring system
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, particularly concerning its NFTs. A recent ruling by a US District Judge in Massachusetts has denied DraftKings’ motion to dismiss a class action lawsuit regarding its sports-themed NFTs on the Polygon blockchain. This ruling has the potential to impact the classification and regulation of
The recent crash in the crypto market has sent shockwaves throughout the industry, especially for Bitcoin and altcoins. The market-wide panic has resulted in significant losses for traders, with tens of thousands of positions being liquidated within a 24-hour period. The Bitcoin price has been on a downward spiral, plunging below $57,000 at one point
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase is characterized by miners either stopping their operations or selling off part of their Bitcoin reserves. Following the recent halving event, the network hash rate has declined by 7.7% from its peak in April. This decrease in hash rate could indicate that
Ethereum (ETH) is currently experiencing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sudden drop in price indicates a surge in selling pressure and a growing bearish sentiment in the market. As Ethereum approaches this critical threshold, traders are closely observing its behavior to determine whether it will
In recent developments, Ripple has utilized a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The argument revolves around the lack of regulatory clarity in the industry, citing the ruling as a supporting factor. However, the SEC has dismissed the relevance of the Binance case
Despite the negative market sentiments surrounding Bitcoin, there has been a noticeable increase in accumulation by large investors holding more than $600,000 worth of the cryptocurrency. Over the past six months, these investors have been actively increasing their holdings, with a particular focus on wallets holding more than 10 BTC. The data from on-chain tracking
