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The NFT game “Fantasy Top” has made a significant splash in the by paying out a substantial sum of $1.25 million in Ethereum to its participating influencers. This innovative game, which operates on the Ethereum layer-2 network Blast, has turned these influencers into tradable NFT cards, creating a fantasy football-esque experience for its users …
The cryptocurrency community is facing renewed scrutiny concerning security as hackers have laundered $7 million through Tornado Cash, a crypto mixer known for its role in clouding the origins of digital assets. The funds in question were siphoned off from two major cryptocurrency platforms, Poloniex and Kronos Research, and subsequently funneled through Tornado Cash in…
The Securities and Exchange Commission (SEC) of Nigeria has made certain decisions in a bid to control the crypto market, especially P2P trading. SEC’s Focus On P2P Trading In a meeting with the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), the SEC repeated its promise to protect the capital market’s integrity and investors’ interests by stopping…
In a not-so-recent development in the crypto world, Ripple is set to launch its USD-backed stablecoin this June. At the recent Las Vegas conference, Ripple’s Chief Technology Officer specifically teased some updates on the launch, further revealing that final details will be shared on the XRPL Apex event in June. Ripple’s stablecoin launch, promised to…
In a recent development that has caught the attention of the cryptocurrency community, Bitfinex’s Chief Technology Officer, Paolo Ardoino, has addressed concerns regarding alleged security breaches. Ardoino firmly dismissed the claims that the exchange’s database had been compromised as ‘pure FUD’ (fear, uncertainty, and doubt), emphasizing that no group has approached the company demanding a…
Many investors and traders are watching the Bitcoin price dump. Since Bitcoin would give a sentiment of the market. Bitcoin’s Role as an Indicator in the Market Bitcoin is the most popular cryptocurrency, so when its price goes down, many see it as a sign that the market is bearish overall. When Bitcoin’s price goes up,…
The introduction of Spot Bitcoin ETFs in Hong Kong has caused a stir in the cryptocurrency market. Impact on Bitcoin’s Market Value These ETFs track the price of Bitcoin in real-time, offering a new way for people to invest in Bitcoin without actually owning it. One big way that Spot Bitcoin ETFs could affect Bitcoin’s price is…
A new update on the Ripple and SEC case, shows that Ripple wants to remove some expert materials the SEC used in the case. Ripple’s Motion to Strike and SEC’s Response Ripple said the SEC did not inform them enough about an expert witness named Andrea Fox. Ripple thinks this is not fair. Ripple…
The recent movement of 3 trillion Shiba inu tokens in a single transaction has sparked widespread speculation and interest within the cryptocurrency community. This massive transfer, valued at approximately $79.94 million, has significantly impacted the market psychology and investor sentiment surrounding SHIB. The Significance of the 3 Trillion Shiba Inu Whale Transaction Whale Alert, a popular…
Rewards: REZ Tokens Renzo Airdrop on Binance Launchpool Binance has launched its 53rd launchpool project Renzo (REZ) on the Binance launchpool platform. Binance is known as the biggest cryptocurrency centralized exchange in the world. This means most projects incubated on the platform are almost certainly going to be listed and can be called genuine. The…
Mt Gox was once the biggest Bitcoin exchange globally, but its efforts to repay creditors has been long and full of challenges. The Mt Gox Long Road to Repayment It started in 2010 and quickly became the go-to place for Bitcoin transactions. However, things took a turn in 2011 when it got hacked, losing thousands…
Bitcoin price today has been up, showing positive changes. But observation on the Bitcoin price today shows the formation of a triple-top pattern. Bitcoin Price Today And The Formation of a Triple-Top Pattern One significant development is the formation of a triple-top pattern, which is a technical analysis pattern that suggests a possible reversal of an…
After the Bitcoin Halving event, Bitcoin miners will have to face challenges to stay profitable. The halving reduced the rewards for mining new blocks to 3.125 Bitcoin per block, making it difficult for miners to make money. Bitcoin Miners’ Profitability Post Bitcoin Halving The Bitcoin halving cuts in half the reward for mining new blocks, which…
Jamie Dimon, the CEO of JP Morgan Chase, has made headlines with his critical remarks on Bitcoin, referring to it as a ‘Ponzi scheme’. His comments have sparked widespread discussion within the financial community and among cryptocurrency lovers. The interview took place on Bloomberg’s platform with Dimon standing as a representative for JP Morgan…
