The court has postponed the case of money laundering against Binance in Nigeria until October 11. Binance faces four allegations of tax evasion in Nigeria. These include allegations of not registering for tax with Nigeria’s Federal Inland Revenue Service. In addition to tax evasion, Nigerian authorities have accused Binance and its two executives, Tigran Gambaryan...Read More
Justin Sun, the well-known entrepreneur and founder of Tron, has made headlines again. This time, he’s made a significant move with Ethereum (ETH). Popular on-chain analytics provider Spot On Chain reports that Justin Sun has allegedly withdrawn 14,436 ETH from the well-known crypto exchange Binance. This move has sparked curiosity and speculation in the crypto...Read More
Bitcoin is currently at $60,000 and attempting to reclaim the crucial range lows above the current levels. While there are positive signs, there is still more work to be done to confirm a sustained bullish trend. On Crypto Banter’s Kyle Doops Trading Show, the analyst presented a list of coins hitting key support levels, stressing...Read More
Whenever we talk about trend setters in Crypto, meme coins come in the first place! In the fast paced world of digital currency, there are only a few coins that are making real waves this month. These coins are showing impressive presales, innovative solutions, and incredible growth potential. Let’s explore three crypto coins that could...Read More
Good News for XRP Lovers as Ripple Joins CME Group and CF BenchmarksXRP lovers received good news on the early morning of July 12. Starting July 29, the XRP Dollar reference rate and indices will be included in the CME Group and CF Benchmarks. Being listed here is a huge milestone for Ripple. XRP Twitter...Read More
Bitcoin’s price has been stuck below $58,000 for a long time. Despite being in a bull market, Bitcoin isn’t moving up, and both market and non-market factors are to blame. Impact of US CPI The US Consumer Price Index (CPI) rose by 3% in June. Analysts see this as a bullish signal for Bitcoin, but...Read More
In January 2018, XRP hit an all-time high of $3.317. Since then, it has never come close to that price again. We have been observing for a long time that the SEC vs. Ripple case has halted XRP’s growth. XRP has a lot of community support, but it just needs regulatory backing now. The legal...Read More
The market has experienced significant volatility over the past 48 hours, leading to unstable conditions in both Bitcoin and the altcoin market. This volatility has particularly impacted Solana, leading to notable liquidations. As a result, a strong battle has been observed between buyers and sellers. Concurrently, various on-chain metrics for Solana have taken bearish positions,...Read More
Hamster Kombat has become a new Crypto sensation by gathering a jaw-dropping 239 million users in just 81 days! This viral hit, celebrated by Telegram founder Pavel Durov, is set to introduce millions to blockchain tech through its upcoming token launch on the TON blockchain. Since its launch in March 2024, this P2E game has...Read More
We have seen Ripple’s $XRP take investors on a wild ride with huge highs and tough lows. No coin in the top 10 has dropped more from its all-time high (ATH) than $XRP. It’s down 86% from its peak of $3.40 in 2018, and its last big surge was in early 2021. However, Ripple has...Read More
Solana’s meme coin, Billy who is just one month old now, has just skyrocketed past the $100 million mark, now sitting pretty at a whopping $115 million. This coin claims to be the cutest dog in the meme world and was launched on Pump.fun in early June, Billy has quickly become the second-largest token on...Read More
Analysts across the cryptocurrency space believe that one major update, paired with strong bullish sentiment, could trigger an explosive move for XRP similar to the one seen in 2017. Egrag Crypto took to his X handle and set a minimum target of $6.4 for the cryptocurrency. Despite recent market fluctuations, the monthly candle formation is...Read More
The crypto market’s attention has turned to the upcoming spot Ethereum ETFs, which is likely to be approved by July 4, and expected to attract up to $15 billion in initial investments. Ethereum has recently faced a sell-off after Bitcoin’s drop, but today it quickly bounced back today with Ethereum surging by 3% and trading...Read More
In an important development, the defunct crypto exchange Mt. Gox announced it will begin repaying creditors in Bitcoin and Bitcoin Cash starting next week. This repayment marks a crucial step towards resolving claims from its 2014 collapse. Mt. Gox Repayment Process: An Overview Mt. Gox will initiate repayment in July 2024, focusing on creditors who...Read More
Santiago R Santos, a well-known figure in the crypto world, recently shared his market outlook for the rest of 2024. Here’s a concise breakdown of his key predictions: My theses for the rest of 2024: 1. We end the year at ATHs for majors (BTC, ETH, SOL) 2. Tokens with big unlocks continue to underperform....Read More
Standard Chartered is all set to establish spot crypto trading for buying and selling Bitcoin and Ether. It will be one of the first global banks to enter spot crypto trading, while crypto derivatives trading has existed for several years. The new trading desk operating from London will be part of the Bank’s FX trading...Read More
The analyst/host of The House of Crypto took to his latest video and said that there’s potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season. He discusses specific altcoins that are currently rebounding and explores the broader market...Read More
South Korea’s cryptocurrency market is in for a big change as the country’s Financial Services Commission (FSC) gets ready to implement strict rules under the new Virtual Asset User Protection Act. These regulations could lead to the delisting of approximately 600 altcoins from crypto exchanges if they fail to meet the FSC’s standards. New Law...Read More
Hong Kong has taken a hard stance against unlicensed cryptocurrency exchanges, issuing a directive for immediate shutdowns. The Securities and Futures Commission (SFC) of Hong Kong has disclosed that eleven platforms, including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK, are now deemed-to-be-licensed applicants. Only Crypto.com has secured approval...Read More
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s....Read More
As we approach the end of May, crypto traders are eagerly awaiting a new week filled with a series of potentially impactful macro events. From Binance’s trial in Nigeria to the FIT21 bill’s voting, these events might have a significant impact on the crypto market. These Events Might Decide Market’s Next Move In recent days,...Read More
Every US economic development has the potential to impact the cryptocurrency market, with inflation being a significant factor. A few key inflation indexes are set to be released soon. These indexes can sway market sentiment and asset allocation. Understanding how these indexes influence market dynamics is crucial for anticipating shifts in crypto investment behaviour. 1....Read More
Rising anticipation surrounds the once-dominant Bitcoin exchange, MtGox, as recent updates on the Kraken BTC and BCH payment API interface point to major upcoming movements. Data on Reddit reveals that the interface now reads “payment in preparation” with a timestamp dated May 13. It signals that MtGox is getting ready to finally release its massive...Read More
Crypto analyst Crypto Jebb has identified a significant chart pattern on Bitcoin that could potentially propel its price to $75,000. In a recent video, Jebb discusses the emergence of an inverse Head and Shoulders pattern, signalling a possible rally for the leading cryptocurrency. The inverse Head and Shoulders pattern, according to Jebb, presents a bullish...Read More
Analyst Davinci shared his analysis of the current state of the cryptocurrency market, particularly focusing on Bitcoin’s price action. Davinci warned about Bitcoin’s recent price surge to $64,000, suggesting it could be a “bull trap.” “While I believe Bitcoin could eventually reach $100,000, $200,000, or even $300,000 in the long term, I foresee significant volatility...Read More
The U.S. Senate on 21st April, Sunday, proposed a new tax regulation for the cryptocurrency industry. According to the new proposed regulation, individuals, trusts, and entities holding BTCs worth over $500,000 will be liable to pay 1% as tax. This move was initiated as part of a large effort made by the centralized body to...Read More
Ethereum (ETH), the second largest cryptocurrency by market cap is grappling with shifting market sentiments, as investor attention remains focused on the possibility of a spot ETF approval by May 2024. With probabilities fluctuating and market sentiments evolving, Daan Crypto Trades highlights key scenarios that could impact ETH’s performance in the coming months. Ethereum ETF...Read More
Shiba Inu, a popular cryptocurrency, is poised for a substantial rally, according to leading market analyst Xanrox. Amidst its recent recovery from losses, crypto analyst Xanrox predicts SHIB could reach a new all-time high (ATH) by July, anticipating further parabolic price surges. Is a 300% surge incoming? Let’s find out. Shiba Inu’s Resilience Amidst Market...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
The past week saw a tornado of events from x accounts getting hacked to 99% of token downfalls. From platforms recovering stolen funds to hackers hijacking the official websites. Deep dive into this weeks crypto hack roundup and witness with us the herald of crypto hacks that happened over the week. MicroStrategy’s X account hacked;...Read More
