With inflation rates soaring and economic instability plaguing Argentina, more and more citizens are turning to Bitcoin as a safe haven. Recent data has shown a significant increase in Bitcoin purchases, with the number of weekly transactions reaching a 20-month high in the first week of March. This surge in interest reflects a growing adoption
Crypto
Coinbase, the largest American cryptocurrency exchange, is planning to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This move by Coinbase Derivatives is significant as it expands the offering of futures contracts to include these popular cryptocurrencies. According to letters filed with the United States Commodity
The meme coin sector has undeniably experienced a significant surge in popularity in recent weeks. Assets like SHIB and WIF have seen substantial price increases, attracting the attention of both seasoned traders and newcomers to the cryptocurrency space. The hype surrounding these meme coins has reached a fever pitch on social media platforms, with investors
The XRP decentralized finance ecosystem has taken a significant leap forward with the integration of Automated Market Maker (AMM) functionality within its decentralized network, XRP Ledger (XRPL). Following the announcement, XRPScan reported the creation of the first AMM liquidity pools mere minutes after the feature went live. These pools now hold substantial amounts of tokens,
Super Sushi Samurai, a blockchain game native to layer-2 solution Blast, recently experienced a devastating exploit just hours before the launch of its highly anticipated gaming product. The exploit, orchestrated by a white hat hacker, resulted in a loss of $4.6 million due to a bug in the smart contract code. The exploit allowed an
Following a lengthy legal process, it has been confirmed that Do Kwon, co-founder and former CEO of Terraform Labs, will be extradited to South Korea. The Appellate Court of Montenegro upheld a previous decision to hand him over to his native country, despite multiple appeals from Kwon’s legal team. Initially, Kwon and Terraform Labs’ CEO
In a surprising turn of events, Bitcoin managed to reverse its downward trajectory after experiencing several days of local lows. This reversal was triggered by the latest FOMC meeting, which caused the price of Bitcoin to soar by over seven thousand dollars at one point. Not only did Bitcoin experience a significant surge in price,
The Twitter account of Trezor, a well-known hardware wallet manufacturer, recently experienced a severe security breach. The compromise, likely executed through a SIM swap attack, led to the spreading of fraudulent messages on the platform. These messages promoted fake token sales and wallet scams, deceiving users and causing financial losses. The alert about the suspected
Recently, XRP experienced a significant spike in price, reaching a new all-time high of $74 on the cryptocurrency platform Atlantis Exchange. However, this spike was quickly revealed to be a glitch and not a true reflection of the token’s value. This comes shortly after Atlantis Exchange introduced trading services with XRP, touting the token’s potential
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) regarding the legal status of XRP has been a long and arduous one, with the trial scheduled to take place on April 23. This trial is expected to be the final chapter in the dispute that began in December 2020 when
A recent development in Nigeria has seen the Federal High Court issuing a directive to Binance, the largest cryptocurrency exchange in the world, to provide detailed information on all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of the ongoing investigations into the alleged
The once skyrocketing price of Bitcoin has taken a dramatic nosedive, losing a hefty ten thousand dollars since its peak last Thursday when it reached close to $74,000. This sharp decline has impacted the entire cryptocurrency market, with alternative coins also bleeding out heavily. The total crypto market cap has plummeted to under $2.5 trillion,
The latest buzz in the world of NFTs revolves around NodeMonkes, Bitcoin’s premier NFT collection, which has seen a remarkable surge of over 50% in the past 24 hours. This surge has propelled NodeMonkes ahead of the iconic Bored Ape Yacht Club (BAYC) in terms of market capitalization. The floor price of NodeMonkes spiked by
Cardano’s development and utility have faced scrutiny, particularly with recent concerns surrounding the Hydra project. This layer 2 scalability solution aims to improve transaction speed, reduce costs, and enhance Cardano’s functionality. Despite rumors of the project’s demise, co-founder Charles Hoskinson has reassured the community by emphasizing its active development. He dismissed claims of abandonment as