The recent joint motion filed by the SEC on March 5 against Binance.US has brought to light issues surrounding regulatory compliance. The SEC alleges that Binance.US has failed to fully comply with information requests on customer assets, citing insufficient inspections, refusal to answer critical questions, and changes to operations without updates. On the other hand,
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Cardano, one of the leading altcoins in the cryptocurrency market, recently reached a 2-year peak of $0.78 on Mar. 5, outperforming its competitor Solana in terms of weekly gains. This surge in price has been attributed to the rapid growth of Cardano’s DeFi ecosystem, which is attracting significant capital inflows. While Bitcoin has historically dominated
The Ethereum Foundation, a renowned non-profit organization within the blockchain space, recently made headlines with its unexpected ETH sell-off to a single address. On March 4th, LookOnChain, a prominent blockchain analytics platform, disclosed a series of transactions originating from a wallet address associated with the Ethereum Foundation. The transactions showcased a pattern of transferring ETH
In a surprising move, cryptocurrency exchange Binance has announced the discontinuation of all services associated with the Nigerian local fiat currency, Naira (NGN). This decision, which comes amidst allegations from the Nigerian government, has left many Nigerian users in limbo. Binance’s decision to discontinue NGN-related services, including deposits, withdrawals, conversions, spot trading, P2P, Auto-invest, and
Pepe (PEPE), one of the biggest meme coins of 2023, has made a striking comeback in the cryptocurrency space. With a monthly gain of over 700% and a new all-time high, Pepe has been dominating the trending coin rankings on major exchanges. Currently trading at $0.000000750, Pepe’s price movement indicates a cautious approach after reaching
Peter Schiff, the founder of Euro Pacific Asset Management, is known for his skepticism towards cryptocurrency. Recently, he made a bold statement declaring Bitcoin as the “ultimate asset bubble” as the price of Bitcoin soared to over $61,500. Despite his warning, Bitcoin continued to rise in value, trading at over $65,000 at the time of
Despite facing challenges in the form of resistance levels, XRP has managed to show positive signs in terms of potential growth. Analysts have highlighted the significance of technical indicators like MACD and Ichimoku in predicting an upward trajectory for the token. Dark Defender and Alex Cobb are among the experts who believe that XRP could
In recent days, Bitcoin has experienced an unprecedented surge in value, reaching a two-year high and approaching its all-time record of $69,000. The cryptocurrency peaked at $68,800, with the current trading price hovering around $67,980. This surge has been fueled by a flood of capital entering the market, driving Bitcoin up by 6.6% daily and
In recent times, there has been a significant increase in the popularity of Ordinals, especially as Bitcoin’s price approaches an all-time high. Among the various projects in the Ordinals space, NodeMonkes has emerged as a frontrunner, with its remarkable sales performance and high demand in the secondary market. NodeMonkes currently holds the title of being
The anticipation surrounding the potential launch of Ethereum spot ETFs may be met with disappointment, according to Bloomberg ETF analyst Eric Balchunas. While Bitcoin spot ETFs have seen significant success in the United States, with over $7 billion in net flows since their launch, Balchunas believes that Ethereum ETFs will not come close to their
The recent sale of CryptoPunk #3100 for over $16 million has once again brought the world of NFTs into the spotlight. This particular CryptoPunk belongs to the exclusive Alien Punks subset, with only nine others in existence out of the 10,000-piece collection. The rarity and coveted nature of these pieces have consistently attracted top bids,
The Wall Street Journal’s investigative article shed light on the shady financial practices employed by Tether, Bitfinex, and their associated companies. The majority ownership of both Tether and Bitfinex by iFinex, a corporation based in the Virgin Islands, raised concerns about their connections to the international banking system. The article revealed that the group of
Friend.tech, a Web3 social platform, has made a bold move by granting users full control over their tokens, a decision that has been welcomed with positivity by the community. This shift in strategy marks a significant departure from the traditional investor-centric approach, aiming to empower users and revitalize the platform’s presence in the market. The
Cryptocurrency exchange platform Coinbase once again found itself at the center of a problem that left some users facing an empty balance in their accounts on March 4th. The issue, which occurred at 5:36 pm UTC, led the company to alert users about a potential disruption in their account balances and page loading times. While