In recent weeks, ADA, the native token of the Cardano network, has faced a decline of 18.77% in the past month. This negative price movement has been attributed to the overall turbulent performance of the cryptocurrency market, particularly following massive dips in the price of Bitcoin. However, despite these challenges, popular crypto analyst Ali Martinez
digital assets
On April 18, the troubled FTX exchange made a bold move by emptying its FTT treasury account to a new wallet address. The transferred assets from the FTT Treasury wallet included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million.
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
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
A popular crypto analyst, Willy Woo, recently made a bold prediction about Bitcoin’s future price, foreseeing a surge to $650,000 fueled by the growth and demand of Spot Bitcoin ETFs. This prediction comes amidst the increasing popularity of cryptocurrency investments and the rise of ETF markets. According to Woo, Spot Bitcoin ETFs could drive the
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
Recently, US Senators Elizabeth Warren and Charles Grassley have taken action to demand a comprehensive account of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and notorious crypto mogul Sam Bankman-Fried (SBF). This initiative comes in the wake of Bankman-Fried’s severe sentencing to 25 years in prison for defrauding investors of $8
Bitcoin (BTC) experienced a significant price drop over the weekend, plunging to $60,850 before partially recovering to around $64,500. This sudden price movement has caused a stir within the crypto community, leading many to speculate on the future direction of Bitcoin. Veteran trader Peter Brandt, renowned for his keen eye on market patterns, has weighed
Binance, one of the leading cryptocurrency exchanges, recently made significant updates to its platform by adding 18 new cryptocurrencies to its loan program. This move aims to cater to current market trends and enhance user experiences. The addition of meme coins like dogwifhat (WIF) and Pepe (PEPE), along with established altcoins such as Hedera (HBAR)