In a surprising move, Binance spun off its venture capital arm, Binance Labs, into an independent entity worth $10 billion. This decision, made by the exchange’s new CEO Richard Teng, marks a significant shift in the company’s organizational structure. The move was highlighted by Bloomberg in a report on March 15, bringing attention to the
Cryptocurrency
Bitcoin is currently experiencing a downward trend in its price after suffering a significant crash last week. The crash, which saw the price drop below $66,000, has been attributed to a decrease in net inflows into Spot Bitcoin ETFs. Institutions, which have been driving the bull run in recent months, seem to be scaling back
XRP, the cryptocurrency developed by Ripple, recently experienced a significant drop in value during the latest market correction. Currently priced at around $0.63 according to CoinGecko, the asset has seen a 5.5% decrease within a 24-hour period. Despite this downturn, there is optimism about XRP’s recovery and future price potential. Analysts, such as EGRAG CRYPTO,
The chances of approval for pending spot Ethereum exchange-traded fund (ETF) applications in May seem to be dwindling due to the recent urging from two US Senators for the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the SEC to tighten its scrutiny of Bitcoin
The cryptocurrency market is known for its ever-evolving nature, constantly bringing new tokens into the spotlight. One of the latest sensations is the meme coin built on the Solana blockchain called BOOK OF MEME (BOME). Since its debut earlier this week, the price of BOME has surged by an astonishing 5,000%, with a trading volume
The recent emergence of the new Ethereum-based meme token, Dogecoin20 (DOGE20), has been nothing short of impressive. Surpassing the $240,000 mark in its presale within just 24 hours of launch, DOGE20 has quickly captured the attention of investors with its unique take on Dogecoin-related memes. Unlike traditional meme tokens, DOGE20 aims to shake up the
The recent findings by blockchain analytics firm Elliptic have shed light on the fact that the North Korea-backed hacker group Lazarus is once again utilizing the sanctioned crypto mixer Tornado Cash to obscure their transactions. Despite ceasing the use of Tornado Cash last year following US government sanctions, Lazarus has now resorted back to this
As the crypto market continues to witness the surge in meme coins, Satooshi Nakahobo has emerged as the latest sensation with a staggering 600x surge. Launching at 9PM (UTC) on March 12, the token quickly gained traction and skyrocketed by +716,750% in less than 6 hours. Despite a subsequent -73% retracement, Satooshi Nakahobo managed to
Binance, one of the largest cryptocurrency exchanges in the world, has recently found itself embroiled in a contentious dispute with Nigerian authorities. This conflict has escalated to the point where two senior executives from Binance were detained in Nigeria due to allegations of manipulating the local fiat currency. Despite acknowledging Nigeria’s “extraordinary potential,” Binance has
Cardano, while lagging behind other cryptocurrencies in terms of price action, has been experiencing a surge in network activity. The blockchain has seen an increase in active addresses, with the monthly count reaching its highest level in a year. This is a promising sign for investors, as it indicates growing network adoption and potential for