Month: June 2024

Bitcoin’s value recently tumbled to approximately $60,000 per unit, deviating from its soaring trajectory as traders were alerted to potential critical thresholds. The cryptocurrency’s volatility is in juxtaposition with discussions surrounding its adoption by notable businesses. In a curious turn of events, tech mogul Michael Dell probed the public’s sentiment on what matters most among […]

DeFi Platform Convex Finance Anticipated to Surge A respected voice in the cryptocurrency analysis domain has recently conveyed optimism regarding Convex Finance (CVX), a DeFi protocol operating on the Ethereum network. This perspective was shared in front of a considerable audience exceeding 400,000 on a well-known social platform. Specifically, Convex Finance has been identified for […]

In a notable shift in the digital currency landscape, spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have garnered significant investor interest, accumulating $137.2 million over four days of net positive flows. The renewed enthusiasm kickstarted on June 25, interrupting a previous spell dominated by net outflows among the majority of funds. Investors favored […]

The dynamic landscape of the cryptocurrency market presents myriad opportunities for astute players, where knowledge of market capitalization can be invaluable in assessing the fundamental strengths of various projects. Monero (XMR), with a market value of around $3 billion, is increasingly recognized for its robust foundations, which may suggest its market valuation is less than […]

The EFCC’s fight against illegal financial activities in Nigeria is taking a tech-forward approach as the agency’s Secretary, Olanipekun Olukoyede, underscores the potential of blockchain and AI in combatting crime. Nigeria and the broader African continent grapple with an annual loss of $88.6 billion due to illicit financial flows, a sum that could otherwise fortify […]

The dynamics of Bitcoin trading are shifting, with the digital currency seeing a significant decrease in weekend activity. Research from the eminent cryptocurrency research firm, Kaiko, reveals that only 16% of Bitcoin exchanges now occur on weekends, the smallest percentage observed to date. This notable change coincides with the advent of Bitcoin ETFs, which align […]

Ethereum (ETH) has experienced a slight 3% decline over the past week, with its crucial $3,500 support level under siege. A series of previous lows suggests a downtrend is in place for the world’s second-largest cryptocurrency. However, the bulls are not out of the fight yet; a push above $3,700 could spark a rally towards […]

The United States Treasury Department has established a new regulation to enhance the accuracy of tax reporting among cryptocurrency owners and traders. This recent advancement obliges crypto exchanges and payment services to disclose customer transactions to the IRS, reinforcing tax compliance and aiming to minimize evasion. The implementation of the regulation builds on the IRS’s […]

In a recent judgment, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia dealt a significant blow to the cryptocurrency exchange Binance. The company’s request to dismiss a lawsuit, alleging violations of securities laws, was rejected. Binance’s founding CEO, Changpeng Zhao, is directly implicated in the case for reportedly engaging […]

Crypto market speculation suggests a positive trajectory for Polkadot (DOT), as informed by a high-profile crypto analyst. With an audience of over 720,000 on a popular social media platform, the expert’s projections place DOT on a potential uptrend, mirroring Ethereum’s recent market performance. According to this viewpoint, the current market value of Polkadot seems to […]