June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
As Bitcoin’s price dipped below the critical support level of $68,000, the meme coin sector has experienced a downturn, with leading meme coins shedding substantial value from their respective portfolios. Among the affected tokens, the Pepe coin has continued to exhibit a strong bearish price action, recording a correction within
BlockDAG’s latest Keynote 2 has sparked widespread interest, particularly among Cardano holders in search of fresh investment avenues. This event showcased critical updates to the blockchain, introduced the cutting-edge X30 miner, and reported significant presale advancements, reinforcing BlockDAG’s status among the elite cryptocurrencies. As JasmyCoin sees a boost in value
Elizabeth Warren, Jacky Rosen, and John Hickenlooper—three U.S senators—recently wrote to Federal Reserve Chair Jerome Powell, urging him to lower the Fed interest rate. At 5.5%, the current interest rate set by the Fed is the highest level in two decades. High borrowing rates, according to the senators, are making
Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will
Cryptocurrency mixing protocols and privacy coins are encountering resistance from European lawmakers. Members of the European Union Innovation Hub—an initiative that brings together representatives from EU agencies and member states—have released their first report on encryption. The “dual-use” aspect of cryptographic technologies is highlighted in the report. The report backed
The Australian Government announced the ban on cryptocurrency and credit card usage in online betting games on Tuesday. The announcement is a recent development of the country’s progress towards curbing ‘problem gambling’ in both physical and digital spheres. The Australian Government has been working on the ban since 2021. After
BEFE stands out from the herd of memecoin because of the generous return it has offered investors and early adopters that swooped in immediately after the token’s launch in 2023. Like every other coin, BEFE has experienced its fair share of the dump, especially since Bitcoin has been in a
Mantle’s (MNT) bullish trend continues to impress, maintaining a strong position despite market fluctuations. Meanwhile, the Stellar (XLM) prediction hints at stability with potential growth. BlockDAG (BDAG), however, is capturing significant attention with its swift rise, having raised $3 million in 12 hours, pushing its total presale earnings to over
Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector. After the well-known web investigator SomaXBT
