Potentially a massive outflow of capital from spot Bitcoin exchange-traded funds was set off by the Federal Reserve, and things could get much worse from here. Concerns were voiced by market observers after the Federal Open Market Committee’s announcement that interest rates would remain unchanged between 5.25% and 5.50%. The
Crypto exchange Binance has been fined $2.2 million by the Financial Intelligence Unit (FIU) of India. Binance is reportedly accused of failing to comply with local anti-money laundering (AML) standards, which is the reason for the penalty. For Binance, already beset by convoluted international financial rules, this new development poses
The memecoin sector received the market spotlight in May 2024. The tokens’ activity ranked the highest in the overall monthly analysis. This activity surge was priced in by the memecoin tokens causing notable waves in the overall market. However, the rally has recently died down as highlighted by downward prices
In a recent development highlighting the German government’s involvement in the cryptocurrency space, approximately 6,500 Bitcoin (BTC), valued at over $425 million, were transferred from a government-affiliated wallet to various destinations, sparking speculation about its implications for the market. The transactions, detailed by cryptocurrency analysts and reported on by Arkham,
While the global crypto market is bleeding, Jupiter, a leading DEX aggregator, has unveiled a bold proposal aimed at stabilizing its native cryptocurrency, JUP. Meow, the co-founder of Jupiter, who goes by that name on X (formerly Twitter), introduced the J4J plan, which advocates for a 30% reduction in JUP’s
Shiba Inu (SHIB) investors are currently grappling with substantial losses as the meme coin’s price plummeted to $0.0000173 earlier today, a level last seen in late February, just before the explosive rally that led to a three-year high. This recent downturn has left a majority of market participants who invested
The proposal to integrate Tax2Gas, which eliminates the need to separate tax processing and computation, has finally been approved by the Terra Luna Classic (LUNC) community. According to StrathCole and Genuine Labs, Tax2Gas will combine the tax with gas, simplifying things for dApp developers and others. Members of the Terra
According to local news sources, Binance regional manager Nadeem Anjarwalla’s lawsuit was dismissed by the Nigerian High Court. Anjarwalla claimed that the seizure of his passport and detention by Nigerian government officials constituted a violation of his basic rights. Due to a “want of diligent prosecution,” Judge Inyang Ekwo dismissed
Along with a recent precipitous drop in price to about $64,100, the average block size and transaction rates of the Bitcoin network have seen a dramatic dip. The sudden decline in Bitcoin blockchain activity, as measured by the diminution in block size (the amount of transaction data included in each
Coinbase-backed Ethereum layer-2 network Base with 270,000 users on June 17th set a new record for most daily active users on decentralized exchanges (DEX). The number increased by almost 9% as compared to the day before. Based on the most recent all-time high in active users, Base-powered decentralized exchanges have
