Venezuela’s state-owned oil and gas company, PDVSA, has been reportedly ramping up its use of cryptocurrency, particularly USDT, in order to navigate around US sanctions. This move comes in the wake of the United States refusing to renew a general license that temporarily lifted some sanctions on Venezuela’s oil and gas sector, leading PDVSA to
Crypto
The recent completion of the fourth Bitcoin halving event has ushered in a new era of challenges for miners in the cryptocurrency ecosystem. The reduction in block rewards from 6.25 BTC to 3.125 BTC has significantly decreased the daily production of assets, putting pressure on miners’ profitability. This shift forces miners to rely more on
As we look ahead to the upcoming week, the economic calendar in the United States is packed with key events that have the potential to impact the cryptocurrency markets. The Federal Reserve’s key inflation metric is set to take the spotlight, possibly influencing monetary policy decisions moving forward. New home sales figures, April’s S&P Global
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
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
