The asset management business Ikigai said that it had liquidated its claim in the bankruptcy proceedings of FTX, after disclosing that a significant portion of its hedge fund’s assets had been held by the exchange at the time of its downfall. Travis Kling, chief investment officer of Ikigai, said on
Constraints on Nigerian banks aiding cryptocurrency transactions have been removed by the Central Bank of Nigeria (CBN), almost two years after a complete ban on banks working with digital currencies was enforced. Moreover, the CBN acknowledged in a circular addressed to banks on December 22 that the rising worldwide demand
Since its 2017 high, XRP has suffered a succession of losses, despite being a former front-runner in the competition for digital currency dominance. Prominent members of the XRP community have seen a decline in the token’s trading volume after a brief but noticeable spike in its value, even if investors’
Shiba Inu, a meme-inspired cryptocurrency that has developed a substantial community presence, experienced a dramatic flow of tokens into major wallets over the past 24 hours. According to on-chain data analyzed by research firm IntoTheBlock, a staggering 4.8 trillion SHIB, the native token of the Shiba Inu network, entered wallets
Major altcoins Polygon (MATIC) and Chainlink (LINK) have displayed a significant decline in their prices over the past two days. Chainlink, which recently reached a yearly peak of $17.16 on December 9, saw its price plummet to $14.25 today, marking a 17% drop. Simultaneously, Polygon (MATIC) recorded a 3.83% decrease
Ethereum, the second-largest cryptocurrency, has experienced high price volatility and remained under bearish control for over three days. However, today marks a potential recovery as ETH surged by 3% in the past 24 hours, paralleling the global market cap’s 4% surge within the same timeframe. ETH hit a two-week low
The cryptocurrency market is experiencing another wave of volatility, with Bitcoin (BTC), the flagship digital currency, witnessing a notable decline.As per recent data, Bitcoin’s total open interest (OI) has seen a sharp decline, prompting investors and experts to shift their focus towards promising DeFi tokens like Retik Finance (RETIK) for
Cardano (ADA), currently positioned as the eighth largest cryptocurrency by market capitalization, is making waves not just in its ranking but also through substantial on-chain whale transactions. Recent data from crypto analytics platform IntoTheBlock reveals that Cardano’s aggregated whale volume in the past 24 hours has exceeded $23.07 billion, marking
The world of cryptocurrencies is an ever-evolving landscape filled with innovation, competition, and potential riches. As the crypto market continues to mature, new tokens are vying for a spot among the top-ranking cryptocurrencies. Three such contenders – Shiba Inu (SHIB), Retik Finance (RETIK), and Avalanche (AVAX) – have emerged as
A long-dormant Ethereum (ETH) whale has resurfaced, making a substantial deposit of 5,000 ETH worth approximately $11.3 million to Coinbase. This revelation comes from insights provided by Lookonchain, a leading crypto-analytics platform. Typically, when large deposits are made to crypto trading platforms by dormant whales, it often signals an intention
