bitcoin BTC +5.15% Finally, for the first time in nearly 15 months, it was trading just a few dollars below $55,000.The world’s largest cryptocurrency fluctuated around $54,900 shortly after 3pm ET on Monday (up nearly 6% in a day) before falling to $54,600 in the following hours, according to The Block’s pricing page. This is the highest since late November 2022, when Sam Bankman-Fried was still a free man.This move is interesting considering the recent downward trend in Bitcoin spot volume. Rebecca Stevens, senior research analyst at The Block, noted that the 7-day moving average of Bitcoin spot volume has…
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BNB, the native cryptocurrency of Binance, the world’s leading cryptocurrency exchange, soared more than 3%, surpassing $400 for the first time since May 2022. These significant price movements came despite Binance facing the most severe criminal penalty in U.S. history. The exchange agreed to a $4.3 billion plea deal after receiving approval from a judge to resolve charges related to anti-money laundering and sanctions violations. BNB price hits $400 amid Binance regulatory investigation Binance’s legal troubles stem from its admission of facilitating transactions by groups like Hamas, among other terrorist groups, a fact that highlights the seriousness of its failure…
Artificial intelligence altcoin projects are seeing a comeback after Coinbase, the leading U.S. cryptocurrency exchange, announced the possibility of listing the token in the future. Coinbase in a new announcement Called The exchange is adding Akash Network (AKT) to its “listing roadmap” to notify customers that it may soon add support for that specific asset. After the news broke on Monday, AKT surged from a daily low of $3.91 to $4.38 at the time of writing, an increase of more than 10%. Akash Network is a decentralized, open-source cloud network that powers decentralized finance (DeFi) applications and organizations, as well…
February 26 “Dare to Double” Contest Terms and Conditions and Form The “Dare to Double” contest is only open to Vietnamese customers of Bitfinex whose country of registration is Vietnam. To participate, players must register via: form. compete “Take the challenge twice” It starts on Tuesday. June 3, 2024 at that time 00:00 (GMT+7) Ends on Tuesday. March 27, 2024 at that time 23:59 VNT(GMT+7). Participants must Minimum Basic Plus level certification Create a secondary account and enter contests. Only participants can register one Trading subaccount. watch the video Instructions on how to create a subaccount and deposit money into…
Korean regulators and US SEC plan to activate NFT and Bitcoin ETFs in MaySouth Korea’s FSS chairman is scheduled to meet with the SEC chairman in May to discuss NFT classification and approval of a spot Bitcoin ETF. NFTs, which provide unique certificates of authenticity for digital assets, are gaining popularity. There is uncertainty as to whether it should be classified as a technology, a virtual asset, or a security. Korea initially excluded NFTs from virtual assets in accordance with the Virtual Asset Act, but this may be reviewed due to market speculation. Concerns include business costs and privacy issues.…
Lido Staked Ether surpassed XRP to become the 6th largest cryptocurrency with a market capitalization of over $31 billion. The bullish market for Lido Staked Ether (stETH) is largely due to Ethereum’s significant gains this month. That’s because the second-largest cryptocurrency reached $3,200 today, with the token price soaring 40% in February alone. Lido’s Ether deposits are close to 10 million ETH, with no net outflows from the protocol since December 19, according to Dune analytics data. Lido Staked Ether currently accounts for 35% of all EH deposits on EigenLayer, one of the leading platforms providing access to Ethereum staked…
Proof-of-work, the algorithm that underpins Bitcoin, is a fundamentally wasteful process. Even during the Satoshi era, people realized that if Bitcoin was successful, the hash power for network security would be enormous. Satoshi anticipated this debate and responded to critics: “It would be ironic if we ended up having to choose between economic freedom and conservation.”
In cryptocurrency, speculating on the future value of digital assets can be very challenging and thrilling. Sometimes analysts try to make bold predictions about future developments to pique the interest of sponsors and supporters. Let’s take a look at what Retik Finance and Ethereum have been doing so far and are still struggling to get into the limelight. BlockDAG is already kickstarting the cryptocurrency era with its incredible sweepstakes, unique mining, successful pre-sale phase, and cutting-edge technology. Ethereum surpasses $3,000 The price of Ethereum surged above $3,000, outpacing Bitcoin’s 22% gain. This means that Ethereum may continue to lag behind…
Posted 1 minute ago In ~ Decentralized stablecoin protocol Frax Frax +0.34% The Treasury is considering withdrawing rewards for token stakers again within the next two weeks. This move follows Uniswap’s offer to reward UNI holders. However, while Uniswap is implementing rewards for the first time, Frax Finance will reverse its previous decision to discontinue rewards, Frax founder Sam Kazemian told The Block. “Yes, they voted to stop rev (revenue) sharing before, but now we think it’s the right time to flip a huge switch. It’s going to be a huge revenue boost,” Kazemian said, adding that implementation will happen.…
Dubai, UAE, February 26, 2024, Chainwire Layer-1 has achieved unprecedented growth and recognition, taking top honors at the Eurasia Awards. Sui, a layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, emerged as the winner of the Eurasia Awards held at the 2nd AIBC Eurasia Expo in Dubai. At the gala event, renowned for its world-class participants and previous winners such as Animoca Brands and Crypto.com, the Sui Foundation was honored for the leading position blockchain has achieved over the past few months. Other nominees for the 2024 award include Near Protocol and 1inch Network.…