With the legal battle between Binance and SEC, Changpeng Zhao is on the verge of imprisonment for three years. But even this chaos and legal issues haven’t impacted the BNB token much recently. Instead, the Binance token has gained a little hike while aiming for the ATH target before the month’s end. In this blog, […]
XRPL Adds Clawback, Boosting Token Asset Control and Security
XRP Ledger (XRPL), the much-discussed Clawback feature, has surpassed its voting threshold, garnering an 80% approval rate among validators. This development, included in the latest rippled 1.12.0 release, marks a pivotal moment in the evolution of the XRPL, introducing enhanced token asset control capabilities. Understanding the XRPL Clawback Feature The Clawback feature is a major […]
Solana Slides 9% Amid Market Downturn: Here’s Why
Solana plunged 9% in the last 24 hours following a wider crypto market downturn. This crypto market crash comes after most assets notched mid-week gains yesterday, an attempt to consolidate the short-term Bitcoin halving momentum. Solana, an institutional investor favorite token due to inflows is down following a market trend despite several positive signals for […]
94,000 Bitcoin Options Set to Expire Today, Here’s What Data Tells
Today will be the first monthly Bitcoin options expiry after the approval of the spot Bitcoin ETF earlier this month. After the approval, the Bitcoin price has remained largely volatile while facing strong selling pressure and slipping under $40,000. At press time, Bitcoin is trading at $39,925 with a market cap of $782 billion. Bitcoin […]
Digital Chamber CEO Shares Vital Insights Into IRS’ Crypto Tax Form 1099-DA
Perianne Boring, the CEO and founder of the Chamber of Digital Commerce (CDC), recently took to a post on X, offering critical insights into the IRS’ latest draft of Form 1099-DA and what it holds for the world of cryptocurrencies. In her post shared today, April 25, the CEO spotlighted the IRS’ (Internal Revenue Service) […]
Top 3 Cryptos To Buy Today January 26: BTC, ETH, BONK
Investors are considering their stance on the crypto market going into the weekend after a bullish wave triggered modest increases across the board on Friday. Bitcoin price settled above $41,000 up 5.5% in 24 hours while Ethereum ticked up by 4% to $2,277, CoinGecko revealed. Solana-built meme coin BONK exploded in double-digits to trade at […]
Multiple Bitcoin ETFs Report Net Outflows, GBTC OutFlows Cross $17 Billion
Spot Bitcoin ETFs in the United States recorded one of the biggest outflows so far in the month of April on Thursday. Yesterday, the total outflows across all ten spot Bitcoin ETFs stood at a staggering $217 million. The Grayscale Bitcoin ETF GBTC led the pack with $140 million in outflows. Multiple Bitcoin ETFs See […]
Altlayer (ALT) Price Jumps 30% After Airdrop And Binance Listing
ALT, the native cryptocurrency of the Altlayer blockchain, has witnessed a strong rally since its long launch earlier this month. The Altlayer (ALT) price is up by 8% in the last 24 hours and is currently trading at $0.3452 with a market cap of $380 million. On the weekly charts, the ALT price is trading […]
Just-In: Japanese Public Company Metaplanet Purchases Bitcoin Worth $6.25M
In a strategic maneuver reminiscent of industry giant MicroStrategy, Metaplanet Inc., a prominent Japanese company, has made its foray into the cryptocurrency market. The firm recently disclosed its decision to allocate a significant sum, amounting to ¥1 billion ($6.25 million), towards the acquisition of Bitcoin. This move, disclosed in a recent announcement, reflects Metaplanet’s strategic […]
FTX Crash: Embattled Crypto Exchange Offloads Crypto Assets to Pay Customers
Bankrupt FTX has been long-struggling to repay its former customers. However, the embattled crypto exchange is now riding the “sell-to-pay” route to help reduce its debt. According to Bloomberg reports, FTX is now offloading its assets that are related to cryptocurrencies to pay back customers. FTX to sell its crypto assets to repay former clients […]