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In the world of blockchain networks, Ethereum continues to reign supreme despite the emergence of newer platforms with lower fees and faster transaction times. Data compiled by Lookonchain indicates that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with a staggering $2.728 billion compared to Bitcoin’s $1.30 billion. This demonstrates the unwavering support
Bitcoin recently faced a significant correction, with its price dropping below $54,000 for the first time since February. Some analysts interpret this as a potential end to the bull market, while others view it as a normal part of Bitcoin’s growth trajectory. The popular analyst, il Capo of Crypto, advises investors not to “flip bearish”
Opeyemi is not your ordinary writer. He has delved deep into the world of cryptocurrency with enthusiasm and passion. Despite not initially choosing the digital asset industry, Opeyemi has become immersed in it for over two years. He takes pride in unraveling the complexities of blockchain technology and sharing insights on the latest trends in
Semilore Faleti is a cryptocurrency writer with a strong background in journalism and content creation. He has developed a specialization in the field of blockchain and cryptocurrency, showcasing his ability to break down complex concepts in a way that is accessible to a wide audience. Semilore’s passion for cryptocurrency stems from his recognition of the
The cryptocurrency industry is constantly evolving with new and exciting developments emerging on a daily basis. However, this dynamic environment also presents a prime target for hackers and wrongdoers who seek to take advantage of vulnerable individuals within the space. One particular area of concern is within the meme coin sector, where projects like Shiba
Bitcoin, the leading digital currency, has once again sparked discussions around market volatility with its recent price movements. Despite reclaiming the $56,000 price level, a sudden drop below $54,000 on July 5 sent shockwaves through the market. This event served as a stark reminder to investors of the intense fluctuations that are synonymous with the
The long-awaited restitution for Mt. Gox users in July has sent ripples of uncertainty through the cryptocurrency market. Bitcoin, which has already been experiencing a decline since June, saw further price drops amidst fears of potential sell-offs as funds from the defunct exchange are distributed. Bitcoin Price Fluctuations The price of Bitcoin dipped under $60,000
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently accused Binance, a popular cryptocurrency exchange platform, of conducting transactions that are reserved for authorized banks and financial institutions. This accusation came to light during Akinwumi’s testimony in a lawsuit brought forth by the Economic and Financial Crimes Commission (EFCC) against Binance