Satooshi Nakahobo, the latest comedic meme coin to capture the market’s attention, has seen a tremendous surge in its price, with a staggering 600x increase. This surge in popularity is part of a larger trend in the cryptocurrency space, where tokens inspired by popular figures are gaining traction. The initial launch of Satooshi Nakahobo saw
The crypto markets are experiencing mixed trends on Thursday, with Bitcoin (BTC) and Ether (ETH) facing profit-taking due to hotter-than-expected US PPI inflation figures. Meanwhile, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are on the rise. Investors are now assessing the market and determining the best cryptocurrencies to buy at the moment. Bitcoin
The recent issues between Binance and Nigerian authorities have brought to light the challenges faced by the cryptocurrency exchange in the African country. Despite the extensive cooperation with local law enforcement agencies to promote responsible growth in the crypto sector, Binance has found itself in an acrimonious dispute with the Nigerian government. Accusations of manipulating
Recent reports from blockchain analytics firm Elliptic have uncovered that the North Korea-backed hacker group Lazarus has once again resorted to using the sanctioned crypto mixer Tornado Cash to conceal its illicit transactions. This move comes after a hiatus following US government sanctions imposed on the group for their alleged involvement in aiding criminals to
MicroStrategy, the prominent American business intelligence and software development company, has recently announced its ambitious plan to acquire an additional Bitcoin. This decision comes on the heels of the company’s remarkable success in accumulating substantial BTC holdings. In a significant move, MicroStrategy revealed its intention to raise $500 million through convertible debt offerings to fund
Cardano, a blockchain project that has been making waves in the crypto space, is showing signs of growth and adoption. Despite not reaching the $0.8 price level this year, the project has seen a surge in active addresses on its network. This increase in activity is a positive indicator of growing interest and participation in
The price of Bitcoin surged to a new all-time high, reaching almost $74,000, just hours after falling below $72,000. Despite a brief retracement, the cryptocurrency’s value continued to climb following a strong end to the previous week. This recent milestone marks a significant achievement for Bitcoin, as it showcases the continued bullish sentiment surrounding the
Crypto.com, a prominent cryptocurrency platform, recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for failing to register for the required license to operate within the country. This violation spanned over two years, leading to significant penalties imposed by the regulatory authorities. The Dutch regulations mandate crypto firms to enroll with
As Ethereum (ETH) gears up for the Dencun upgrade to improve its scalability, a notable trend has caught the attention of analysts at QCP Capital, a well-established crypto asset trading firm. The firm’s analysis points to a shift in “risk reversals” for Ethereum, indicating a negative sentiment amongst investors for upcoming expiries. This negative risk
MakerDAO recently announced the upcoming launch of the first phase of its ‘Endgame’ project, set for the summer of 2024. This initial phase will introduce all major features of Endgame, emphasizing them as key drivers of growth for the platform. The goal is to quickly establish a virtuous cycle where SubDAOs, tokenomics, the new brand,
