The recent report by Coinbase has raised concerns over the diminishing crypto talent in the United States, despite the growing interest from corporate entities. The report indicates a significant drop of 14 points in the number of US-based crypto developers over the past five years, leaving only 26% of such talent in the country. This
Recent events in the ongoing saga between the Nigerian government and Binance have taken a new turn as tax evasion charges against the exchange’s executives have been dropped. The Federal Inland Revenue Service (FIRS) of Nigeria withdrew the charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for
Bitcoin has been on a rollercoaster ride recently, with prices hitting a monthly low of $65,000 on June 14th. This represents a 5% decrease from the previous week. Despite this short-term dip, the cryptocurrency is still hovering around the levels it has maintained since March. Analysts are divided on what this means for the future
Bitcoin (BTC) has experienced a sharp decline of 4.5% over the past week, dropping to a monthly low of $65,000. This significant decrease in the value of the digital asset can be attributed to the heightened selling pressure from Bitcoin mining entities. According to the latest CryptoQuant weekly report, analysts have observed a surge in
Ripple, a prominent player in the cryptocurrency space, has announced its plan to launch a stablecoin called Ripple USD (RLUSD) in 2024. This stablecoin is designed to act as a bridge between traditional financial systems and the world of cryptocurrencies, operating on both the XRP Ledger and Ethereum platforms. Despite the anticipation surrounding this launch,
The recent report by KuCoin exchange’s research arm shed light on the evolving trends in cryptocurrency investments during the month of May. The data revealed a total of $1.02 billion invested in 156 projects, showing a slight decrease from the previous month. Notably, institutional investors showed a preference for Ethereum and EVM-focused platforms, indicating a
The latest report from blockchain intelligence firm TRM Labs has shed light on the significant increase in cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. In just the first four months of 2024, these deposits more than doubled compared to the same period in 2023. This alarming trend raises concerns about the
Recent data from CoinMarketCap shows that Bitcoin has experienced a 4.65% decrease in its market price over the past week, indicating a somewhat turbulent period for the digital currency. Crypto analyst Ali Martinez has issued a warning, suggesting that Bitcoin may face further losses if it fails to establish a specific support zone. According to
Speculations and discussions regarding the commencement of trading for Spot Ethereum ETFs have been gaining momentum. According to Bloomberg analysts Eric Balchunas and James Seyffart, there have been recent updates on the expected launch date of these funds. Balchunas took to X to announce a new “over/under date” for the launch, moving it to July
Ethereum experienced a 4.4% loss this week as sellers dominated the market, pushing the price down to the key support level of $3,500. Despite this setback, there is still hope for a potential rebound as long as the price remains above this support level. The repeated rejection at the $4,000 resistance could signal a possible
