Upbit, a prominent cryptocurrency platform based in South Korea, has solidified its position as a major player in the global cryptocurrency exchange market. Responsible for over 80% of the country’s trading activity, Upbit has risen to become one of the top five exchanges worldwide in terms of trading volume. This significant market share has garnered
Crypto
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets, marking a substantial shift compared to the previous bull market cycle. A recent survey conducted by the accounting firm KPMG revealed that 39% of institutional investors reported having direct or indirect exposure to crypto assets in 2023, a notable increase from 31% in
The meme coin sector has been experiencing a significant surge in growth, especially during the latest bull cycle. This surge has seen the market capitalization of meme coins briefly surpass $60 billion. Leading the pack are popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which have remained trending among investors. Alongside these established
In a significant milestone for the Bitcoin network, daily transactions have reached an all-time high of 927,000, surpassing the previous record set in December 2023. This surge in transaction activity can be attributed to the introduction of Runes, a new token standard on the Bitcoin blockchain. Since its launch following the April 20 halving, Runes
Jay Mazini, whose real name is Jabara Igbara, presented himself on social media as a successful crypto millionaire, with almost a million followers on Instagram. He portrayed himself as a generous individual, distributing large sums of cash to random strangers in public places, all while claiming to be an active member of the Muslim community.
In the volatile world of cryptocurrency, bitcoin (BTC) has experienced significant pullbacks since the bear market of 2022. These pullbacks have seen BTC lose up to 23% of its value on certain occasions. It is crucial for investors to recognize the depth of these declines as they often present an opportunity for substantial gains when
Meme coins have emerged as the rock stars of the cryptocurrency world during this bull cycle. These coins, characterized by their playful and often whimsical nature, have been witnessing significant price increases in recent months. From Bonk Inu to dogwifhat, these meme coins have been capturing the attention of investors and traders alike. In the
Block Inc., a fintech company led by Jack Dorsey, recently made an exciting announcement regarding the completion of its state-of-the-art Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and paves the way for the future of Bitcoin mining technology. Advanced Technology The company revealed that its three nanometre (3nm)
Venezuela’s state-owned oil and gas company, PDVSA, is adopting a strategy to ramp up its utilization of cryptocurrency, specifically the largest stablecoin by market capitalization, USDT. This move comes in response to the US sanctions imposed on the country, which have restricted its ability to engage in traditional financial transactions. By incorporating USDT for oil
After the recent Bitcoin halving event, miners are facing a tough road ahead in terms of profitability. The reduction in block rewards from 6.25 BTC to 3.125 BTC has significantly impacted their income, forcing them to rely more on transaction fees and higher BTC prices to sustain their operations. This sudden shift has put immense
