On October 7, internationally renowned rapper Cardi B, born Belcalis Marlenis Almanzar, made headlines on her X account by introducing a new meme coin named after her famous song, “WAP.” Accompanied by a picture of her with a cat, the post sparked curiosity and excitement among her dedicated fanbase. In what initially seemed like a
Crypto
The cryptocurrency landscape continues to exhibit substantial volatility, a characteristic that both attracts and deters investors. Recent trends indicate a pronounced struggle between bullish and bearish forces. After a brief rally, the market has once again descended into a corrective phase, with most digital assets reflecting losses. This phase of downward momentum has implications not
The most recent reports on digital asset investment products indicate a prevailing trend of modest outflows, amounting to approximately $147 million in just one week. This phenomenon appears to stem from unexpectedly robust economic data, which has tempered predictions surrounding rate cuts by central banks. As investors recalibrate their expectations, capital is being pulled from
In a significant move, Binance has announced that it will convert specific holdings of delisted cryptocurrencies into USDC by April 28, 2025. Users holding cryptocurrencies such as Tornado Cash, OMG Network, and Waves will need to take note of the deadlines. Withdrawals for these digital assets will be supported up until October 28, 2024, after
Shiba Inu (SHIB), a prominent name in the meme coin sector, experienced a notable fluctuation in early October. After a minor downturn, the coin rebounded with a 4% increase, sparking speculation among analysts about its potential for a dramatic rally. Some experts are suggesting the possibility of a remarkable surge, with estimates of up to
In a remarkable turn of events, Premier League (PL) clubs are reshaping their sponsorship landscape, achieving unprecedented success with crypto partnerships. Recent reports indicate that they have secured a staggering $170 million in sponsorship agreements from cryptocurrency firms for the 2024/25 season. This shift comes amidst increasingly stringent regulations on gambling sponsorships that have been
On October 7, the cryptocurrency market witnessed a startling event as Bitget’s BGB token plummeted by an astounding 50% within a matter of hours. This drastic drop saw the token’s price fluctuate sharply from $1.14 down to $0.64. Although the decline sent shockwaves through the investor community, the token quickly regained some of its value
In a significant development for the cryptocurrency investment landscape, Tokyo-listed firm Metaplanet has reinforced its bullish stance on Bitcoin by purchasing an additional 108.786 BTC at a cost of 1 billion yen (approximately $6.7 million). This acquisition contributes to Metaplanet’s impressive total of 639.503 BTC, which now holds an estimated market value of around $40.6
In the realm of cybersecurity, the third quarter of 2024 presents a compelling paradox. While the total number of hacks has plummeted to a three-year low, with only 28 reported incidents resulting in an alarming $463.6 million stolen, the implications of this reduction are far from reassuring. A report from cybersecurity firm Hacken highlights a
Wrapped Bitcoin (WBTC) is at the forefront of decentralized finance (DeFi), offering a unique bridge between Bitcoin and other blockchains. Brought to life by an alliance of BitGo, Kyber Network, and Ren, this token aims to replicate Bitcoin’s value while enhancing its usability within ecosystems like Ethereum and Solana. With WBTC existing as a one-to-one
