The current crypto market cycle has been characterized by a fervor for meme coins and the hype surrounding spot Bitcoin ETFs. Economist and trader Alex Krüger highlighted the dominance of meme coins in the market narrative, especially following the ETF launches. While meme coins initially surged in popularity, many have since plummeted in value or
The fintech giant Block is currently facing intense scrutiny from federal prosecutors in the Southern District of New York due to allegations of significant compliance failures within its main business units, including Square and Cash App. This investigation comes after a former employee came forward with details of numerous lapses in the company’s transaction monitoring
In a surprising turn of events, Bitcoin has broken below the $60,000 support level for the first time in two months. This comes after a period of euphoria that was fueled by the launch of Spot Bitcoin ETFs in the US market earlier this year. The current consolidation of Bitcoin’s price indicates that the euphoria
In a recent statement, former Binance CEO Changpeng Zhao emphasized the significance of compliance in the crypto industry. This comes after Zhao was sentenced to four months in prison for violating US compliance regulations. Despite his conviction, Zhao highlighted the importance of adhering to regulations in the industry, stating that “compliance is super important.” He
The meme coin sector has seen significant losses recently, with Dogecoin (DOGE) facing a 15% weekly price decline. However, despite this, there is potential for recovery as indicated by the rise in non-empty wallets. The number of non-empty DOGE wallets has surpassed 54 million, showing a 13.8% increase in the last three months. This uptrend
In the face of a market-wide crash, the Arweave token (AR) has experienced a significant decline of 18.7% overnight. This plunge has positioned Arweave as one of the hardest-hit cryptocurrencies during this tumultuous period, alongside the market leader Bitcoin (BTC), which has seen a 7% decrease in price. Currently trading at $27.76, according to CoinGecko,
The recent price drops in the cryptocurrency market, including bitcoin, have created a state of severe correction in the sector. The global crypto market capitalization plunged to approximately $2.2 billion, with bitcoin’s price tumbling below $57,000 for the first time since late February. Popular altcoins like Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) have
The cryptocurrency market has been facing dire conditions, with the past few hours witnessing a significant downturn. Bitcoin, the leading cryptocurrency, dropped to a multi-month low of around $57,000, signaling a bearish trend in the market. This decline has been mirrored by altcoins, resulting in major losses across the board. In the last 36 hours,
The recent announcement from Animoca Brands regarding their entry into the Bitcoin ecosystem through the Opal Protocol has sparked excitement within the blockchain community. By partnering with Darewise, a metaverse technology platform, the goal is to create a vast Web3 ecosystem that encompasses various domains such as gaming, entertainment, DeFi, education, and culture. This move
The collaboration between the AnimeCoin Foundation and the Azuki NFT collection has brought forth an innovative web-based game known as Gacha Grab. Drawing inspiration from the famous Japanese gachapon toy vending machines, this virtual slot machine offers players the opportunity to spin and win various prizes while also accumulating points and collectibles. Unlike other online