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OpenSea, the leading NFT marketplace, has experienced a significant downturn, in trading volume for Ethereum-based NFTs. Recent data reveals that the platform has an average daily volume of approximately 600 ETH, marking its lowest point since May 2021, predating the onset of the original NFT bull market. OpenSea is doing
May 8, 2024 2 mins read
Amid a bullish surge in the crypto market, Bitcoin’s rebound from $56,500 to $65,223 has sparked notable optimism. The rally has been further fueled by heightened buying interest in US-listed Bitcoin ETFs, which has not only propelled Bitcoin but also boosted the altcoin market’s recovery from previous setbacks. Among the
May 7, 2024 1 min read
Nigeria has intensified its crackdown on cryptocurrency trading in the country’s currency, the naira, to combat what it perceives as detrimental effects on the struggling local economy. The Securities and Exchange Commission (SEC) has announced plans to implement new regulations targeting crypto exchanges and other sectors of the industry. The
May 7, 2024 1 min read
The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the
May 7, 2024 2 mins read
The global crypto markets have witnessed a notable rebound following a jumble period, with Bitcoin spearheading the recovery by surging over 15.2% from its recent lows experienced at the beginning of May ($56,715). Climbing above $65,350 for the first time since April 24, Bitcoin’s resurgence has infused renewed optimism into
May 6, 2024 2 mins read
The Bitcoin network has hit a monumental milestone, processing its one billionth transactions. This historic event took place as transaction 1,000,000,000 was mined into block 842,241 on May 5, as per data from Clark Moody’s Bitcoin dashboard. Since Satoshi Nakamoto mined the network’s first block on January 3, 2009, Bitcoin
May 6, 2024 1 min read
Amidst a challenging period for cryptocurrency markets, Ethereum has witnessed a notable resurgence, propelled by the launch of Ethereum-focused exchange-traded funds (ETFs) in Hong Kong. The recent surge in Ethereum’s price trajectory followed a dip below the critical $3,000 mark, mirroring Bitcoin’s downward trend. The Hong Kong spot market welcomed
May 3, 2024 1 min read
The global cryptocurrency market has significantly reversed, particularly in the meme coin realm. Following a huge decline in Bitcoin, it experienced a notable upswing, marking a 6.25% jump from its recent slump at $56,000. This momentum persisted, leading to a 3.50% intraday surge to $59,412. What’s especially interesting is how
May 3, 2024 2 mins read
In defiance of the broader downturn in the cryptocurrency market, meme coins continue to capture attention, with Pepe Coin leading the charge today with a notable surge of over 17%. This spike, attributed to increased interest from large holders, or whales, underscores the ongoing fascination with meme-based cryptocurrencies. The global
May 2, 2024 1 min read
Bitcoin’s (BTC) price took a significant hit, dipping below the $60,000 mark and settling around $57,000 amidst concerns of further decline. The downturn was worsened by substantial outflows from US spot Bitcoin ETFs, exceeding $500 million on May 1st. This sell-off intensified following the Federal Reserve’s (Fed) announcement, led by
May 2, 2024 2 mins read