Recently, the popular cryptocurrency exchange Binance made an announcement regarding the discontinuation of trading and subscription services for its leveraged token offerings. This decision affects tokens such as Bitcoin, Ethereum, and BNB Coin, with the deadline set for Feb. 28. The exchange plans to delist these tokens and stop redemption by April 3. Among the
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As the cryptocurrency market continues to evolve, investors are constantly on the lookout for quick near-term gains. While blue-chip cryptocurrencies like Bitcoin may offer stability, micro-cap markets present an opportunity for exponential growth in a short period of time. These markets are often characterized by tokens with small market capitalizations and limited liquidity, making them
Yuga Labs, known for its groundbreaking work in the Web3 space, has recently made a significant move by acquiring PROOF. This innovative platform, which focuses on art and community engagement, has now become a part of Yuga Labs’ ever-expanding ecosystem. The acquisition not only includes the team and intellectual property of PROOF but also its
In recent times, Bitcoin has shown some remarkable progress in terms of price movement, reaching above $50,000 for the first time in years. This surge in price has caught the attention of many investors and analysts who are closely monitoring the cryptocurrency’s performance. Despite the positive trend, a well-known crypto analyst has raised concerns about
Bitcoin (BTC) has recently surpassed the $50,000 mark, showing a significant increase in its value since December 2021. The cryptocurrency is currently trading above $51,900, indicating a positive trend in the market. Analysts from CryptoQuant have linked this surge to the approval of spot Bitcoin exchange-traded funds (ETFs), which have attracted high demand from investors.
The landscape of the US Bitcoin industry is currently facing an uncertain future as various factors come into play, threatening to shift the paradigm in a way that may not be favorable for the industry as a whole. With the looming presence of a Bitcoin ETF controlled by major financial institutions and the potential legislation
Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Bitcoin mining difficulty has been steadily increasing over the past several years, with no signs of slowing down. Just recently, the metric soared to a new all-time high of over 81T, marking an 8.2% increase. This rise showcases the network’s robustness, particularly as the fourth halving approaches. Despite challenges like the Chinese ban on crypto
Exverse, a rising star in the gaming industry, recently announced that it has successfully secured $3 million in a private funding round. The company is dedicated to revolutionizing the AAA first-person-shooter genre by utilizing Web3 technology to deliver a cutting-edge gaming experience. Unlike many other Web3 gaming models that prioritize tokenomics and marketing over game
Cardano’s price recently broke through the $0.61 barrier on Feb. 16, marking a significant milestone for the cryptocurrency. What’s interesting is the unusual trend observed in the derivatives market, indicating that more bullish action could be on the horizon. While Cardano (ADA) has emerged as one of the best-performing mega-cap crypto assets in recent times,