Sat, July 26

Michael Novogratz Predicts Flat Price Movement for Leading Cryptos

Michael Novogratz, CEO of Galaxy Digital, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call. Following last week’s corrections that saw Bitcoin’s price

May 15, 2024 2 mins read

State of Wisconsin Discloses $164M in Bitcoin ETF Investments

Investments in Grayscale and BlackRock’s spot Bitcoin exchange-traded funds were disclosed by the State of Wisconsin Investment Board (SWIB). The entity in charge of the management of the state trust funds in Wisconsin revealed in a filing with the U.S SEC on May 14 that it owned over 2.4 million

May 14, 2024 1 min read

Tornado Cash Developer Sentenced to Over 5 Years for $1.2B Money Laundering

A Dutch court has sentenced Tornado Cash’s developer, Alexey Pertsev, to 64 months in jail. This decision stems from his role in $1.2 billion worth of money laundering. On May 14, the s-Hertogenbosch court handed down the ruling. The verdict against Tornado Cash’s developer represents a watershed point in the

May 14, 2024 2 mins read

Ethereum Faces Rejection at $2,996, Heading Towards Key Support Level

Ethereum (ETH) recently experienced a setback as it was rejected at the $2,996 mark. The cryptocurrency is now moving towards the crucial uptrend support level at $2,880. At press time, ETH is trading at $2,902, with a 2.48% decrease over the past 24 hours and a 5.64% drop on a

May 14, 2024 2 mins read

Binance Thailand Lists Floki Inu (FLOKI), Triggering Investor Optimism

Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing.  The FLOKI price surged by over 7% post the

May 14, 2024 2 mins read

OKX Officially Forays Into Australia Via Local Regulated Entity

In its ongoing drive to expand throughout the Asia-Pacific region, cryptocurrency exchange OKX has decided to transfer its Australian-focused services to a locally licensed firm. According to OKX president Hong Fang, who spoke at a press conference in Sydney on May 14, the Australian market is significantly underrated. Fang added:

May 14, 2024 1 min read

Why You Should Avoid Polygon (MATIC) and Ripple (XRP) Like the plague in 2024 and the Crypto Priced Under $1, Analysts Say Will Lead Altcoin Season

Cryptocurrency investors constantly seek the next big opportunity, the diamond in the rough that promises astronomical gains. However, in pursuing such opportunities, it’s crucial to steer clear of certain pitfalls. Two such pitfalls in 2024 are Polygon (MATIC) and Ripple (XRP). Despite their previous prominence, recent developments indicate that these

May 14, 2024 4 mins read

Spot Bitcoin ETFs: What’s Behind the Surge in Inflows?

Spot bitcoin exchange-traded funds (ETFs) in the United States witnessed a notable uptick in total net inflows, reaching nearly $66 million in a single day. This surge propelled the cumulative total net inflow of these products since their listings to an impressive $11.75 billion. Leading the charge was Fidelity’s offering,

May 14, 2024 1 min read

Bitcoin Runes Protocol Faces Struggle for Sustained Momentum

The Bitcoin Runes protocol, hailed as a game-changer for faster and cheaper transactions, has seen a significant decline in activity and fee revenue since its much-anticipated launch following Bitcoin’s fourth halving. Despite an explosive start, with over 85,000 token issuances and $3 million in fees within its first 10 days,

May 14, 2024 1 min read

3 Safest Meme Coins for Risk-Averse Investors to Buy in May 2024

Meme coins have become popular to pass the time and even get money. However, risk-averse investors are frequently discouraged from investigating this market niche due to their unpredictable character. Some meme currencies stand out for their unique features, robust community support, and significant development potential despite the associated hazards. Three

May 14, 2024 4 mins read
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