The recent surge in the crypto market has brought forth a new wave of speculative investments, with memecoins gaining significant traction among cryptocurrency enthusiasts. A prime example of this trend is the notable presale of a memecoin on the $BNB chain, which raised a staggering $280 million. This substantial figure not only exceeded initial expectations
Cons
The United Nations (UN) Security Council recently released a report exposing the alarming fact that North Korea earns a significant portion of its foreign exchange earnings through cyberattacks. These attacks are not isolated incidents; they are part of a larger strategy by North Korea to fund its operations through illicit means. By compromising digital wallet
Recently, a 46-year-old housewife in Hong Kong found herself in a nightmarish situation after investing a staggering 7.1 million Hong Kong dollars ($908,000) in a fraudulent crypto investment platform. The woman was targeted by fraudsters who contacted her through Instagram in July 2022, urging her to invest in cryptocurrencies through a link to a deceitful
In recent times, Ethereum’s network has witnessed significant growth in terms of daily active users and daily transaction volume. Despite this surge in network activity, the price of ETH, Ethereum’s native cryptocurrency, has experienced corrections over the past few days. It is interesting to note that Ethereum has seen a decline of over 10% in
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, is gearing up to introduce futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company recently filed letters with the United States Commodity Futures Trading Commission (CFTC) outlining their plans to launch monthly cash-settled and margin futures
The price of Ethereum has been facing challenges as the month progresses, despite a strong start. The bearish pressure in the cryptocurrency market has been impacting Ethereum, leading to a negative sentiment surrounding the “king of altcoins.” One significant concern contributing to this sentiment is the regulatory uncertainty surrounding ETH, adding to the bearish pressure
The meme coin sector has recently experienced a surge in popularity, with certain assets gaining significant attention on social media platforms. These assets have not only seen considerable price increases but have also become a hot topic of discussion among investors. According to DrobsTap, Memecoin (MEME) has emerged as the top-performing meme coin on X
The recent decline in the price of Bitcoin has had a significant impact on the spot Bitcoin ETF market. According to data from BitMEX Research, there has been a negative netflow in the BTC ETF market for the last four trading sessions. This trend is characterized by large outflows from Grayscale’s GBTC and record low
In recent times, the price of Shiba Inu has been consolidating near $0.26, following its surge to multi-year highs earlier in the month. This consolidation has caused many investors to pivot towards the latest ICO known as Dogwifcat ($DWIFC) in search of potentially massive returns. With Shiba Inu boasting a market cap of $15.59 billion,
Despite the anticipation surrounding Bitcoin’s future trajectory leading up to the Bitcoin Halving, JPMorgan analysts have expressed concerns that things may not unfold as optimistically as many had hoped. They believe that a storm is brewing for the flagship cryptocurrency before any significant upward movement. The strategists at JPMorgan, led by Nikolaos Nikolaos Panigirtzoglou, pointed