The cryptocurrency industry experienced a significant milestone in May, with a total of $1 billion in investments reported. Ethereum emerged as the dominant player in these investments, showcasing its strong market presence. Despite facing money laundering accusations, Binance executives had tax evasion charges dropped by Nigerian authorities. This development sheds light on the complex legal
Trading
The trading volume of Tether (USDT) on the TRON network has set a new record, reaching a staggering $53 billion. This surpasses the average daily trading volume of payment giant Visa in the first quarter of 2024, which was reported at $42 billion. The comparison to Visa, a global leader in payment processing, underscores the
Political-themed meme coins have recently captured the attention of the crypto market, with tokens like STRUMP, TRUMP, MAGA, BODEN, and TREMP gaining popularity. These coins have become speculative assets tied to the outcome of the upcoming US presidential election, especially with the highly anticipated debate between President Joe Biden and former President Donald Trump on
In a bold move, British multinational bank Standard Chartered is preparing to launch a trading desk for Bitcoin and Ether, marking its debut in spot cryptocurrency trading among global banks. This strategic step comes after engaging with various players in the digital asset sector and forming partnerships to meet the growing demand for crypto exposure.
Recently, a federal judge in California expressed his inclination to allow the Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. The judge, William Orrick, indicated that he was leaning towards denying Kraken’s request for dismissal. This decision has cast doubt on the exchange’s efforts to have the case thrown out. According to
The recent Bitcoin price crash below $66,000 has sent shockwaves through the market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop, analysts are warning that the worst may still be yet to come. Crypto analyst Ali Martinez has expressed concerns about Bitcoin’s future, suggesting that the cryptocurrency could
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a critical juncture as its price enters a consolidation phase. This period of price stability, characterized by a narrow trading range, has left traders and investors in a state of uncertainty. The current state of Ethereum’s price hovers around key support and resistance levels, prompting
NVIDIA, a company well-known on Wall Street, has recently taken the lead as the largest company in terms of market capitalization. With a stock price increase of approximately 3.5% in just 24 hours, NVIDIA has shown significant growth throughout 2024. Starting the year at $49.24, the stock has surged by 175%, closing at $135.58 in
When it comes to traveling with cryptocurrency, one of the most important aspects to consider is the security of your digital wallet. There are several time-tested strategies that can help ensure the safety of your funds while on the move. Another crucial factor to keep in mind when accessing your crypto accounts while traveling is