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The $70B Meme Coin Market: Dogecoin Skyrockets Past a Half Dollar, DOGE Market Cap Eats Into BTC Dominance
4.5.2021
The popular meme-based crypto-asset dogecoin has seen incredible gains during the last 24 hours jumping over 40% since yesterday. After just recently capturing a $50 billion market valuation, Dogecoin’s market cap now exceeds $71 billion. Moreover, the meme-coin has been eating away...
Crypto Exchange Raided on MLM Fraud Charges, USD 214M In Assets Frozen
4.5.2021
V Global, a South Korean crypto exchange has been raided by police, with the firm’s CEO placed in custody, homes, and offices searched, and assets frozen – with the trading platform accused of masterminding a large-scale, illegal multi-level marketing operation.
Police succeeded in obtaining court...
Ethereum Climbs To USD 3.2K, Bitcoin and Altcoins Gain Momentum
3.5.2021
Bitcoin price settled above the USD 58,000 level. It is currently (12:00 UTC) trading above the USD 58,500 resistance level and it seems like the bulls are aiming a test of the USD 60,000 resistance zone in the near term.
Most major altcoins are gaining bullish momentum, including ethereum,...
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...
Ethereum Enters the USD 3,000 Era
3.5.2021
The native token of the most popular smart contract platform, Ethereum (ETH), just surpassed the USD 3,000 level for the first time in its history.
At 03:20 UTC, ETH trades at USD 3,038 and is up by 3% in a day and 32% in a week. The price is now up by 1,320% in a year.
ETH is the second-best...
The way of the stablecoin: A journey toward stability, trust and decentralization
2.5.2021
Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
30.4.2021
The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether's market cap
Police: Suicide Linked to USD 180,000 Crypto Losses
29.4.2021
Source: iStock/D-Keine
A South Korean man aged in his twenties has committed suicide – and police claim that a crypto investment gone wrong likely drove him to take his own life.
Police in Gangneung, Gangwon Province, said the man was found dead in the area on the afternoon of April 24. No suicide...
Paxos Raises USD 300M at USD 2.4B Valuation
29.4.2021
Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television
Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation.
The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under...
Someone Paid USD 1.7M In Litecoin For Tom Brady Football Card
29.4.2021
Source: Twitter/@GoldinAuctions
In what is called one of the largest "hard asset" transactions to be paid entirely in cryptocurrency, an unknown buyer purchased an autographed Tom Brady football card for about USD 1.68m worth of litecoin (LTC) at an auction hosted by Goldin Auctions.
The...
USD 16B Manager Wealthfront Goes Crypto, Metamask Boom, Delayed Bitcoin ETF + More News
28.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
The California-based digital wealth robo-adviser management firm with around USD 16bn assets under management, Wealthfront will open...
BSC-Based Uranium Finance Attacked, Millions on the Move
28.4.2021
Decentralized finance (DeFi) project on Binance Smart Chain (BSC), Uranium Finance, reported that it has suffered a security breach - with millions of dollars in ethereum (ETH) on the move and laundered through a popular privacy tool.
"Uranium migration has been exploited, the following...
Ethereum Tests USD 2,700, Bitcoin and Altcoins Remain Attractive
28.4.2021
Bitcoin price is stable above the USD 54,000 pivot level. BTC extended its rise above USD 55,000 and it spiked above the USD 55,500 level before a downside correction. The price is currently (04:45 UTC) trading near USD 54,800 and it could attempt a fresh increase above USD 55,500.
Besides, most...
Gaming Giant Nexon Spends USD 100M on Bitcoin
28.4.2021
South Korean listed gaming behemoth, Nexon, said it acquired BTC 1,717 for around USD 100m, paying on average USD 58,226 per BTC, inclusive of fees and expenses.
This purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand (as of December 2020), they added.
"Our...
Bitcoin Revisits USD 55K, Ethereum and Altcoins Gain Traction
27.4.2021
Bitcoin price remained in a steady uptrend above the USD 53,000 level. BTC even broke the USD 54,500 level and spiked above USD 55,000. It is currently (12:20 PM UTC) consolidating and it might attempt more upsides towards USD 56,500.
Similarly, most major altcoins are gaining bullish momentum....
Keep Calm, Bulls Are Here, Say Analysts, As USD 19B Liquidated In One Week
23.4.2021
Options expiring, US tax speculations, China blackout, and the combination of these are blamed for the crypto market turning bloody today, to say the least - yet numerous insiders see this as just a necessary correction and expect that the bull market will continue, with bitcoin (BTC) possibly...
Bitcoin Dips Below USD 50K, Ethereum Drops, USD 3.5B Liquidated
23.4.2021
Bitcoin price struggled to clear the USD 55,500 resistance and it started a fresh decline. BTC declined below the USD 53,200 and USD 52,000 support levels. It even spiked below USD 50,000 and it is currently (04:30 UTC) correcting losses.
Similarly, most major altcoins declined heavily. ETH traded...
Bitcoin Fees Tap $60 per Transaction, Users Say Fees Restrict Adoption, Others ‘Embrace’ the BTC Fee Pump
21.4.2021
On April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee is around $26.44 USD per transfer. Bitcoin Fees Climb Sky High After the Hashrate Plummeted The cost...
113 YO Giant Invested USD 100M in Blockchain.com
21.4.2021
London-based major crypto wallet provider Blockchain.com has unveiled a high-profile investor, UK asset management firm Baillie Gifford, who injected some USD 100m in the company’s latest Series C funding round.
The round was finalized last month, but Peter Smith, CEO and Co-founder...