The NFT trading space witnessed a significant resurgence in the first quarter of 2024, with volumes across the top 10 marketplaces reaching a staggering $4.7 billion. The leading NFT marketplace during this period was Blur, recording $1.5 billion in volume and capturing a 27.6% market share, marking a significant increase from the previous quarter. Magic
Crypto
MicroStrategy founder Michael Saylor has been actively selling off shares of his brainchild over the past few months. With the authorization to sell up to 400,000 shares until April of this year, Saylor has successfully cashed in 370,000 shares, amounting to $372.7 million in value. This strategic move is part of an agreement he entered
Ethereum has recently experienced a significant downturn, prompting concerns among investors. However, a closer look at the daily chart reveals an interesting trend. The price has found support within a crucial zone, consisting of the 100-day moving average at $3050 and the price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This zone
Bitcoin’s fourth halving has recently taken place, reducing the block reward from 6.25 BTC to 3.125 BTC. This event, occurring every four years, is a crucial moment in the cryptocurrency realm. The daily issuance of Bitcoin has now been halved to around 450 Bitcoin, compared to the previous 900. This reduction will continue until the
Binance, the world’s largest cryptocurrency exchange, faced a ban from the Indian government due to its lax adherence to regulatory frameworks, including the Prevention of Money Laundering Act (PMLA) and the taxation framework for virtual digital assets (VDA). However, after agreeing to pay a hefty penalty of approximately $2 million, Binance is now set to
Recent developments in the cryptocurrency world have seen a significant drop in stock prices for Bitcoin miners, with the upcoming halving event adding to the uncertainty. As the fourth Bitcoin halving approaches on April 20, mining rewards will be halved to 3.125 BTC, equivalent to around $200,000. Key players in the industry such as Marathon
Recently, the Instagram account of renowned actor Tom Holland fell victim to a hacking scheme. The hackers took advantage of his massive following of over 7 million followers to push a fraudulent cryptocurrency and NFT project. By impersonating Holland, the attackers announced a fictitious partnership with the well-known crypto exchange Binance, promoting the launch of
Ethena, a synthetic dollar protocol built on the Ethereum blockchain, has gained a lot of attention for issuing the stablecoin USDe. The goal of this asset is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. With its market capitalization soaring to over $2 billion shortly after
Hong Kong regulators have recently approved spot Bitcoin and Ethereum exchange-traded fund applications, signaling a significant milestone for the city’s push to become a central hub for digital assets. The Securities and Futures Commission (SFC) granted in-principle approval for these ETF products from several companies, including China Asset Management and Harvest Global Investments. While this
Recently, a high-ranking Binance executive, Nadeem Anjarwalla, found himself at the center of a legal storm involving allegations of currency manipulation and illicit fund transactions in Nigeria. Anjarwalla managed to escape custody in Nigeria and was later located in Kenya, where efforts are being made to extradite him back to Nigeria with the help of