In the first quarter of 2024, the NFT trading space experienced a significant surge in volumes, reaching a total of $4.7 billion across the top 10 marketplaces. The leading marketplace during this period was Blur, with $1.5 billion in volume and a market share of 27.6%. However, Magic Eden emerged as a major competitor, surpassing
Crypto
MicroStrategy founder Michael Saylor has recently made headlines for selling up to 370,000 shares of his company within the last four months. This came after entering into a stock-sale agreement in September of last year, which granted him the authorization to unload up to 400,000 shares until April of this year. Significant Stock Sales Saylor
Ethereum has recently experienced a rapid downturn, causing concern among investors and traders in the cryptocurrency market. However, a more in-depth analysis of the daily chart reveals a potential silver lining for Ethereum. The price of Ethereum has found support within a substantial zone, which includes the 100-day moving average at $3050 and the critical
Bitcoin’s fourth halving event has finally occurred, resulting in a reduction of the Bitcoin block reward from 6.25 BTC to 3.125 BTC. This decrease marks a crucial moment in the cryptocurrency industry as the daily issuance of Bitcoin has been cut in half, now standing at around 450 Bitcoin compared to the previous approximately 900.
Binance, the world’s largest cryptocurrency exchange, has faced its fair share of challenges in the Indian market. Once banned by the government, the exchange is now making a comeback after agreeing to pay a hefty penalty of approximately $2 million. This move signifies Binance’s commitment to operating within the legal boundaries of the Indian cryptocurrency
As the fourth Bitcoin halving approaches, scheduled for later this week on April 20, Bitcoin miners are bracing themselves for a significant impact on their stock prices. The upcoming halving will cut mining rewards in half to 3.125 BTC, currently valued at around $200,000. Stock Price Declines of Key Players Major Bitcoin mining companies such
Ethena is a synthetic dollar protocol built on the Ethereum blockchain that introduces the stablecoin USDe. The primary goal of this asset is to provide a censorship-resistant and scalable digital currency that is pegged to the US dollar. The market capitalization of USDe has surged to over $2 billion since its launch, making it one
Recently, the official Instagram account of popular actor Tom Holland fell victim to a hacking incident. The hackers exploited his platform, which boasts over 7 million followers, to promote a bogus cryptocurrency and NFT (Non-Fungible Token) scheme. The compromised account was used to announce an alleged collaboration with the global cryptocurrency exchange Binance, supposedly introducing
Recent developments in the Hong Kong ETF market have led to the approval of spot Bitcoin and Ethereum exchange-traded fund applications. While this is a significant milestone for the city-state in its quest to become a central digital assets hub, there are lingering doubts about the market’s potential performance compared to the United States. In
The situation surrounding Binance executive Nadeem Anjarwalla is quite complex as he faces extradition from Kenya after escaping custody in Nigeria. Anjarwalla’s whereabouts were uncovered in Kenya after a manhunt that originated from Nigeria, prompting the Nigerian government to collaborate with Interpol and Kenyan authorities to extradite him back to Nigeria. Anjarwalla managed to escape
The potential future value of Bitcoin (BTC) has been a topic of much speculation and debate among investors and analysts. A recent tweet by Bitcoin analyst Willy Woo proposed that BTC could reach a value of $91,000 at the bottom of a bear market, and a staggering $650,000 at the peak of a bull cycle
Bitrace, a data analysis company, has taken proactive steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. The company recently conducted training sessions for members of the Hong Kong Police Force, specifically targeting the Cyber Security and Technology Crime Bureau (CSTCB) and Commercial Crime Bureau (CCB). These sessions focused on on-chain fund
Recently, Ripple’s XRP faced a significant drop of 20% in its value following a market downturn. As reported, the global market capitalization for cryptocurrencies took a hit, plummeting to approximately $2.4 trillion on April 14. This unfavorable trend resulted in numerous liquidations, mostly affecting long traders. XRP, in particular, suffered a notable decline to around
In a surprising turn of events, venture capital funding for Bitcoin startups saw a significant increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, while the number of funded Bitcoin companies grew by