The recent surge in meme coin popularity has brought about an interesting trend within the cryptocurrency market. Solana meme coins, in particular, have been gaining traction among investors, with coins like WIF, BONK, MEME, and BODEN all seeing significant gains. However, despite the overall market rally, Solana itself has only added a modest 1.7% to
admin
Recently, cryptocurrency analyst Michael Van De Poppe made a bold claim regarding the future of Bitcoin. He predicted that BTC could reach the impressive threshold of $300,000 in the current bull cycle. Despite facing resistance and struggling to maintain its peak price of $73,000, Poppe remains optimistic about the potential for a surge in the
In a recent court hearing at the Nigerian High Court in Abuja, the detained Binance executive, Tigran Gambaryan, was ordered to be remanded in prison pending his bail hearing. Despite pleading not guilty to money laundering charges, Gambaryan will have to wait until April 18 for his bail hearing. The trial itself is scheduled to
Recently, the Swedish tax authority, Skatteverket, made headlines with its comprehensive ruling on the Value-Added Tax (VAT) treatment of Non-Fungible Tokens (NFTs). The decision comes amidst the growing economic significance and interest in NFTs within the digital realm. According to the authority, NFTs associated with digital works are subject to a standard 25 percent tax
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top contenders in the blockchain space, attracting a significant number of new users. According to a recent report by Flipside, these two platforms have collectively acquired the highest number of new users among observed EVM chains since
In the rapidly evolving landscape of technology, policymakers often find themselves struggling to keep up with the latest advancements, leading to a disconnect between regulatory frameworks and emerging technologies. This divide becomes glaringly evident when examining the challenges faced by US lawmakers and regulators in regulating technologies like blockchain and artificial intelligence (AI). The current
The Cardano (ADA) price seems poised for a notable upward movement, with the network recently achieving a new milestone in terms of processed transactions. According to data from Cardano’s latest weekly development report, the network has processed a total of 88.6 million transactions to date. This achievement is significant as sustained network activity has the
The Bitcoin halving is a significant event that occurs approximately every four years. This built-in mechanism is designed to slow down the process of creating new BTC, ultimately ensuring that the last Bitcoin will be mined over a hundred years from now. With more than 19.6 million Bitcoins already in existence, the reduction in production
Bitcoin’s journey in 2024 began with a bang, as it surged by a staggering 73% in the first quarter of the year, reaching an all-time high price of $73,750. Despite a subsequent dip in value due to volatile market movements, major stakeholders have consistently shown a trend of accumulation in the first three months of
In the world of cryptocurrencies, meme coins have gained immense popularity due to their viral nature and potential for high returns. While Dogecoin remains a dominant player in this space, investors are always on the lookout for the next big thing. One such contender that has caught the attention of many is Sponge (SPONGE), a
Ethena Labs, the team behind the synthetic dollar-pegged offering USDe, has recently announced the integration of Bitcoin (BTC) as a backing asset. This decision comes as a strategic move to scale USDe’s supply beyond its current $2 billion mark. Highlighting the significance of incorporating BTC, Ethena Labs emphasized the role of Bitcoin in enhancing USDe’s
The recent decision by the bankrupt crypto exchange, FTX, to sell its Solana holdings at a discount to crypto venture firms has sparked strong disapproval from creditors. The sale, which involved offloading 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading, represents a significant 62% markdown
Cryptocurrency analysts are once again focusing on Cardano (ADA) as they discuss its potential future trajectory. The recent analysis by Alan Santana has outlined a bearish narrative for the crypto token, suggesting a significant price drop could be on the horizon. Santana pointed out that ADA’s breakout below the $0.58 support level after five weeks
Bitcoin has recently experienced a surge in interest from short-term holders, with over 1.2 million BTC being accumulated since December 2023. This accumulation trend, in addition to the launch of Spot Bitcoin ETFs in the US, has captured the attention of investors and analysts alike. While whales and long-term holders have historically been major players