Search Results for: Cryptocurrency

Transak Revolutionizes Crypto-to-Fiat with ‘Stream’ for Instant One-Click Fiat Conversions

Leading Web3 payments infrastructure provider in the world Transak has officially introduced Transak Stream, a ground-breaking innovation that completely reimagines the crypto-to-fiat off-ramping experience. Stablecoin and cryptocurrency conversions to fiat are made as easy as moving a token between wallets with this new product’s unparalleled simplicity. Consider this: A Web3 wallet user wishes

December 13, 2024 5 mins read

Bybit Advances Regulatory Compliance, Temporarily Adjusts EEA Operations

Dubai, United Arab Emirates, 13th December 2024, Chainwire

December 13, 2024 3 mins read

First US Crypto Tax Evader Sentenced to 2 Years in Prison

A Texas man, Frank Richard Ahlgren III, has been sentenced to two years in prison for Crypto tax evasion. This is the first ever criminal prosecution centred entirely on cryptocurrency. Texas Man Sentenced for $3.7 Million (Bitcoin) Crypto Tax Evasion Ahlgren was convicted for falsely underreporting capital gains earned from

December 13, 2024 3 mins read

MEXC Futures Achieves No. 1 Growth Rate, Rises to Global Top 5 in Trading Volume

MEXC, the world’s leading cryptocurrency exchange, achieved outstanding results in November. Its derivatives trading products are experiencing unprecedented growth, propelling the platform into the top five global cryptocurrency derivatives exchanges by trading volume. This milestone underscores MEXC Futures’ dominant position in the crypto derivatives market, as the platform secured the

December 13, 2024 3 mins read

US Spot Bitcoin and Ether ETFs See $870M Daily Inflows

US Spot Bitcoin and Ethereum ETFs See $870M Daily Inflows

Spot Bitcoin and Ether ETFs recorded $870 million in daily inflows on Friday, demonstrating strong investor confidence. Bitcoin ETFs led the surge with $597.5 million, while Ether ETFs attracted $273.6 million, according to data from SoSoValue. The robust inflows coincided with Bitcoin struggling to breach the $102,000 resistance level. Grayscale’s

December 13, 2024 2 mins read

Bybit Spot Lists WLFI with $1.6M WLFI Token Splash Rewards

Bybit and Block Scholes Report Shows ETH Dominates BTC in Options Open Interest

In partnership with Blocks Scholes, Bybit, the second-largest cryptocurrency exchange globally in terms of trading volume, released a new derivatives analytics report that shows ETH perpetual positions are retreating as it continues to dominate BTC in options open interest. The drop in ETH open interest, which analysts attributed to lackluster spot

December 13, 2024 2 mins read

3 Best Cryptocurrencies Below $10 to Invest In Right Now

Cryptocurrencies under $10 offer small-scale investors the chance to also invest and earn in the crypto market. Choosing the right below $10 token that is low-cost and high-worth enables you to invest without breaking the bank. Right now, Rexas Finance (RXS), Fantom (FTM), and Floki Inu (FLOKI) are the top

December 13, 2024 4 mins read

Cardano (ADA) Set to Rocket to $5 Before XRP as Turbo-Charged Altcoin at $0.125 Aims To Beat Both

The cryptocurrency market keeps changing as initiatives fight for supremacy in different fields. Two of the most discussed rivals, Cardano and Ripple, have significant price targets. However, a newcomer to the blockchain market, Rexas Finance (RXS), is becoming a vital rival, according to analysts who believe it could surpass ADA

December 13, 2024 4 mins read

Crypto Exchange Gate.io Denies Security Breach Rumors

Gate.io, one of the leading cryptocurrency exchanges, has swiftly “denied circulating rumors of a security breach,” assuring users that all systems are operating normally. The rumors, which surfaced during early Asian trading hours, suggested a possible hack and triggered concerns about massive withdrawals. However, Gate.io promptly refuted these claims, emphasizing

December 13, 2024 2 mins read

Avalanche Signals Price Recovery After its $40 Bearish Descent

The crypto market turning bullish and regaining traction has been the highlight in the past 24 hours. On the other hand, Bitcoin has been testing the $100K level several times over the past week marking it as a crucial resistance. Within the altcoin sector, several cryptocurrencies including Ethereum have shown

December 13, 2024 2 mins read