The New Zealand-based cryptocurrency exchange, Cryptopia, has initiated the reimbursing process after years of liquidation proceedings. The liquidating firm of the exchange, Grant Thornton, has begun the distribution of recovered assets to verified account holders. In the initial phase, more than 10K users have received approximately NZD 400 million ($224.9
December 20, 2024 2 mins read
As the overall crypto market cap slips by more than 5% to $3.51 trillion, Ethereum (ETH), the largest altcoin, stands at a crucial crossroads. Clearing the $4K threshold of ETH seems to be hard to fetch. The recent price momentum of Ethereum brought in a rally toward $4K. Over the
December 20, 2024 3 mins read
Pre-Christmas sell-offs have formed a bearish shadow over the crypto market, with Bitcoin sliding toward $102K. The major altcoins have lost momentum, trading in the red. However, Bitget Token (BGB), the native token of Bitget, bucked the trend, hitting its new all-time high at $4.88. The price surge of BGB
December 19, 2024 3 mins read
El Salvador, the first country to adopt Bitcoin as a legal tender, agrees to limit Bitcoin-related activities in exchange for a $1.4 billion loan from the International Monetary Fund (IMF). Recently, El Salvador obtained a staff-level agreement with the IMF for a 40-month Extended Fund Facility (EFF) arrangement, to support
December 19, 2024 2 mins read
Ahead of the Christmas holidays, investors are taking profit, resulting in the crypto market encountering a bearish force. The market cap has plunged to $3.51 trillion. Notably, the Solana-based meme coin, Dogwifhat (WIF), chose to trade on the downside, as its 24-hour chart flashes a bearish signal. WIF has recorded
December 19, 2024 3 mins read
Binance, the largest cryptocurrency exchange with over 250 million users, announced the delisting of the WazirX (WRX) token on December 25, 2024, at 03:00 UTC. The decision comes after Binance’s periodic reviews of listed assets to ensure standards like development activity, network stability, trading volume, and regulatory compliance. According to
December 18, 2024 2 mins read
As December reaches midweek, the crypto market has shed 3.06% in market cap over the last 24 hours. Bitcoin price has edged up to $109K in the early hours and dipped steadily to $104K. The largest altcoin, Ethereum (ETH), followed BTC’s footsteps and failed to settle above the $4K zone.
December 18, 2024 2 mins read
The Pudgy Penguins NFT project has launched its native token, PENGU, on the Solana blockchain to expand its ecosystem. The token distribution comprised an airdrop for the eligible NFT holders. However, the token launch also spotted adverse trading, highlighting the risks of participating in early liquidity pools. The incident can
December 18, 2024 2 mins read
The Ethereum Foundation sold another 100 ETH for 402,473 DAI on December 17, 2024. This transaction is part of their ongoing sell strategy for the year. Notably, in the last seven days, the foundation has sold a total of 200 ETH for around 776,800 DAI. This infers a diplomatic sell
December 17, 2024 1 min read
Following a short bullish correction, the crypto market cap has bounced to $3.75 trillion, with assets reflecting both profits and setbacks. In the face of mixed sentiment, EigenLayer (EIGEN) has hit a new all-time high at $5.65. The prolonged 117% rally of EIGEN over the past thirty days fueled the
December 17, 2024 3 mins read
