In recent weeks, Ethereum (ETH) has been facing challenges in breaking past the $2,600 mark in its trading range between $2,300 and $2,800. This struggle has raised concerns among analysts and investors who expected better performance from the second-largest cryptocurrency in the market. When compared to Bitcoin’s strong showing this year, it is evident that
The Financial Times recently reported that crypto firms are increasingly turning away from the UK due to burdensome regulatory processes. According to law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three years. This decline
The issue of centralization within the cryptocurrency market is a hotly debated topic. High levels of centralization can result in a few entities holding a significant amount of power, which goes against the decentralized nature that many cryptocurrencies aim to achieve. When looking at popular projects like Polygon (MATIC) and Shiba Inu (SHIB), it is
Recently, Ethereum co-founder Vitalik Buterin made a significant move by transferring 800 ETH, valued at $2.01 million, to a multisig wallet. This action was followed by an exchange of 190 ETH for 477,000 USDC, a stablecoin tied to the U.S. dollar. These transactions have stirred up conversations within the crypto community, especially considering Buterin’s previous
The cryptocurrency markets witnessed a whirlwind of events this past week, starting with Bitcoin’s impressive surge from $60,000 to over $64,000 on Saturday. The catalyst for this bullish momentum was the subtle hint from Fed Chair Jerome Powell regarding potential interest rate cuts. Moreover, the endorsement of a pro-crypto presidential candidate by RFK added to
The Nigerian Securities and Exchange Commission (SEC) recently granted Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax. This approval falls under the Accelerated Regulatory Incubation Program (ARIP), created to onboard operational firms before the release of the Rules on Virtual Asset Service Providers in May 2022. The SEC’s decision to grant these
Floki Inu (FLOKI) recently experienced a significant drop of nearly 20%, causing it to lose its position among the top 5 meme coins. This decline led to a shift in market capitalization rankings, with Bonk Inu (BONK) surpassing FLOKI to claim the fifth spot. FLOKI’s market capitalization fell to $1.23 billion, highlighting the intense competition
Blowfish Studios, a prominent game studio under the Animoca Brands umbrella, has been hard at work developing their latest creation – a medieval-themed multiplayer PvP game called DARKTIMES. Set in a dark and fantastical world inspired by Nordic mythology, DARKTIMES aims to revolutionize the gaming industry by integrating the Sui blockchain into its gameplay, with
Elon Musk, the CEO of Tesla Inc., recently emerged victorious in a high-profile $258 billion lawsuit alleging manipulation of the price of Dogecoin (DOGE), a meme-based cryptocurrency. The lawsuit, filed in June 2022 by a group of Dogecoin holders, claimed that Musk and Tesla used social media and public statements to artificially inflate the token’s
Recent hints from major cryptocurrency exchanges Binance and Bybit suggest that they may be gearing up to launch products related to Solana. The cryptic messages posted by Binance’s X account and Bybit’s announcement of a new product labelled “bbSol” have sparked speculation within the crypto community. While specific details about these products have not been
