Adam Back, the CEO of Blockstream, has just stated that Bitcoin is “super cheap” at its current market price of $66,720. This statement comes after a 4.77% fall in Bitcoin’s value. Back implies that the market does not fully understand the value of Bitcoin. He is of the opinion that a few bear markets are […]

A former security engineer, Shakeeb Ahmed, has been jailed for three years for his role in appropriating over $12 million from two cryptocurrency exchanges. The sentencing was given by a federal judge who also imposed a three-year period of supervised release. Details of the Crypto Exchange Hacks Shakeeb Ahmed was arrested and charged with wire […]

As asset prices plunge, the market has faced massive crypto liquidations in the last 24 hours. On-chain data show over $200 million in leveraged crypto positions have now been liquidated in the last hour.  This brings the total figure in the last 24 hours to $885 million sparking diverse reactions from bulls and bears in […]

Blackrock CEO Larry Fink has said that he expects the US Federal Reserve will likely cut rates only two times this year. The prediction is quite contrary to the market’s earlier prediction of three rate cuts this year. Fink’s idea had come at a time when recent CPI data had also already created a dilemma […]

El Salvador is seeking a $1.4 billion loan from the International Monetary Fund (IMF) and in return, the body is requesting that the Central American nation review its Bitcoin (BTC) law. El Salvador Loan Demands and IMF Demand The loan negotiations has been ongoing for a while to help El Salvador urgently meet its fiscal […]

The criminal lawsuit filed by billionaire Andrew Forrest in the District Court of Western Australia against Meta Platforms Inc. has been dismissed. The lawsuit was based on accusations that Meta Platforms Inc. allowed advertisements featuring Forrest’s image in cryptocurrencies, leading to huge financial losses by consumers. Notwithstanding these allegations, the court ruled in favor of […]

According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), has been transferring royalties to a wallet connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs have been flowing more than $250,000 worth of assets to the wallet address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1 […]

Binance Coin Price: For over a month, the crypto market trend has been sideways following the lead of Bitcoin price resonating around $70000. This lateral move is viewed as pre-halving consolidation throwing the weak hands off the market to attract buyers with strong conviction. As a result, the majority of altcoins wavered in uncertainty including […]

As the anticipated Bitcoin halving draws closer, expected to take place on April 20. 2024, there is excitement with anticipation and speculation within the cryptocurrency market. This event takes place after every four years, with the aim of reducing the creation and supply of new coins in the market. Historically, halving has been associated with […]

Mixed signals continue to characterize the crypto market in April. The lack of a clearly defined direction has left investors confused not knowing which altcoins to buy and which to sell. For many investors this is an important period, considering Bitcoin halving, an event that occurs roughly every four years is expected in approximately a […]