The cryptocurrency markets are notorious for their volatility, and the past week was no different. Bitcoin, the flagship cryptocurrency, experienced a wild ride starting from a high of over $64,000 to a low of under $58,000 within a matter of days. The sharp fluctuations in the price of bitcoin had a ripple effect on most
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Floki Inu (FLOKI) has recently experienced a sharp decline in its price, dropping nearly 20% and losing its spot among the top 5 meme coins. Currently trading at around $0.0001272, FLOKI’s market capitalization has plunged to $1.23 billion, placing it in the sixth position. This decline has raised concerns among investors and analysts about the
The recent dismissal of the $258 billion lawsuit against Elon Musk and Tesla Inc. regarding the manipulation of Dogecoin’s price by U.S. District Judge Alvin Hellerstein has raised eyebrows within the investment community. The judge ruled in favor of Musk and his company, citing that the accusations made by a group of disgruntled investors were
The cryptocurrency market saw a mixed bag of results this week, with major coins experiencing a decline in value. Bitcoin, for example, dropped by 3% following a decrease in open interest for BTC futures among institutional investors. In contrast, Popcat, a meme coin, displayed remarkable strength with a staggering 52% increase in value by midday
Binance, the world’s largest crypto exchange, continues to expand its list of trading choices to enhance users’ experience and respond to ongoing market trends. The latest announcement includes the addition of DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, trading bot services will be available for pairs such as DOGS/BRL, DOGS/USDC, BONK/TRY, PEPE/TRY, 1000SATS/TRY,
The US Securities and Exchange Commission has been actively targeting various cryptocurrency platforms in recent months, with mixed results. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in the SEC’s actions, particularly in light of the
Cardano, a blockchain network known for its commitment to decentralization, is on the brink of a major upgrade known as the Chang hard fork. This upgrade, originally slated for August 27, has been rescheduled to September 1 in order to allow crypto exchanges like Binance to prepare for the transition. The Chang hard fork marks
Maker, a prominent DeFi lending protocol on Ethereum, recently underwent a rebranding to “Sky” alongside significant enhancements to its decentralized stablecoin system. This rebranding also extended to its stablecoin, previously known as DAI, now rebranded to USDS, and its governance token, which has changed to SKY. The conversion process involves exchanging 1 DAI for 1
In recent times, Bitcoin ETFs have been experiencing a period of significant growth. The last trading week alone saw an impressive $500 million allocated to the largest US-based products. Despite a rough start at the beginning of the month, where over $550 million was lost in just three days, Bitcoin ETFs have managed to bounce
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer, admitting to executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023.
The recent statements from Federal Reserve Chairman, Jerome Powell, at the Jackson Hole, Wyoming meeting have sent signals to the market that interest rate cuts are on the horizon. The current benchmark rate in the US for overnight money market loans is ranging between 5.25% and 5.5%. Powell’s endorsement of rate cuts indicates a shift
The US Securities and Exchange Commission (SEC) has filed an opposition brief in response to Hex founder Richard Heart’s attempt to dismiss the $1 billion securities fraud lawsuit. The SEC argued that Heart’s motion failed to address the well-supported allegations in the complaint and disregarded relevant legal standards. Despite Heart’s argument that the regulator lacks
The recent arrest of Pavel Durov in France has sparked a wave of support from various celebrities and well-known public figures. Among those who have voiced their solidarity with Durov include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. CryptoPotato’s Report According to a report by CryptoPotato, Durov was arrested in France over
Shibarium, a layer-2 blockchain solution developed on the Ethereum network, has been making significant strides in improving the functionality and efficiency of the Shiba Inu ecosystem. With the aim of reducing transaction costs, enhancing transaction speed, and scaling the network, Shibarium has been at the forefront of innovation in the crypto space. Over the past