Memecoins have become a point of controversy within the cryptocurrency community. The sector, known for its vibrant and often lighthearted approach to digital assets, has encountered backlash due to the emergence of memecoins with offensive themes. Community Response to Offensive Memecoins The cryptocurrency ecosystem has been rocked by the introduction of memecoins featuring derogatory names […]
Will Ethereum Price Break Downtrend With Support from Whale Movements?
Ethereum price: Amid the current market sell-off, the Ethereum coin witnessed a notable correction with the price falling from $4091 to $3060. This 25% downswing recently hit the 38.2% Fibonacci retracement level, a tool projecting the crucial support for an asset to rebound. However, as Bitcoin price faces additional supply pressure from the increasing outflow […]
ONDO Price Hits New ATH; What’s Going On With RWA Token ONDO ?
Over the previous week, Ondo (ONDO) has exhibited an impressive performance, as one of the top crypto gainers, by turning the chart green. This occurs while leading cryptocurrencies such as Bitcoin and Ethereum face difficulty in surpassing their support levels. Just a few hours ago, the price of ONDO reached a record high of $0.9744, […]
DigiFT Unveils New US T-Bill Based Real-World Asset Tokens
DigiFT, a Singapore-based company, has diversified its products by launching digital tokens that are direct claims on U.S. Treasury Bill receipts. This development is a considerable progression in the domain of real-world asset tokens, presenting investors with a rather simple and legally clear way to interact with these assets. The new development highlights the demand […]
Bitcoin (BTC) Price Jumps Past $70,000 Amid Huge Accumulation Before Halving
The world’s largest cryptocurrency Bitcoin (BTC) has given a major bounce back shooting past $70,000 once again and eyeing a new all-time high. As of press time, the Bitcoin price is trading 5.5% up at $70,606 with a market cap of $1.388 trillion. This happened as the Bitcoin ETFs recorded net positive inflows after a […]
Giga Energy Converts Methane to Power Bitcoin Mining in Argentina
Giga Energy, renowned for its groundbreaking approach to bitcoin mining, is now expanding its operations into Argentina. This move comes as a strategic partnership between Giga Energy, Phoenix Global Resources, and Exa Tech, aiming to establish a bitcoin mining operation in the South American nation. The core of Giga Energy’s innovative strategy lies in converting […]
Binance Philippines Users Rush To Liquidate Holdings At Higher Discounts
In the wake of regulatory hurdles in the Philippines, Binance, the leading crypto exchange, faces a tumultuous period as users rush to liquidate their holdings at significant discounts. Meanwhile, the recent ban by the country’s Securities and Exchange Commission (SEC) has prompted a flurry of activity among Binance investors, with reports indicating substantial discounts on […]
KuCoin Allays Users’ Liquidity Fears, Addresses DOJ Bombshell
KuCoin, one of the prominent cryptocurrency exchanges, finds itself under scrutiny due to recent actions taken by the United States Department of Justice (DoJ). Allegations have been made against KuCoin and its co-founders, Chun Gan and Ke Tang, regarding their operation of the exchange. In response to these developments, KuCoin has issued a statement addressing […]
KuCoin Faces Over $1.1 Billion In Outflows After Recent DoJ Action
Massive outflows have ensued at the crypto exchange KuCoin after the U.S. Department of Justice indicted KuCoin over the violation of anti-money laundering rules and Bank Secrecy Act regulations. There have been massive withdrawals taking place on the crypto exchange KuCoin as investors rush to pull their assets out. Over $1.1 Billion Withdrawn From KuCoin […]
South Korean Investors Swarm BITX with $122M, Outpacing TSMC
In March, South Korean investors exhibited remarkable interest in the VolatilityShares’ 2X Bitcoin Strategy ETF (BITX), injecting a substantial $122 million into the fund. This surge propelled BITX to the position of the fifth-most purchased foreign security in South Korea, outpacing well-known entities such as Tesla and TSMC. Experts attribute this notable increase in BITX […]