Day: March 25, 2024

Bitcoin Nears Peak as Halving Approaches

As the countdown to the Bitcoin halving ticks under 25 days, the premier cryptocurrency is once again making headlines, flirting with its all-time high by crossing the $70,000 mark after a tumultuous week. This resurgence in Bitcoin’s value, demonstrates a significant rebound, marking a 9% increase in the last 24 hours and a 5.5% rise […]

Philippines SEC Blocks Binance Access

The Philippines Securities and Exchange Commission (SEC) has taken steps to restrict local access to Binance, the globe’s largest cryptocurrency exchange. This decision was articulated in a formal notice released on Monday, marking a pivotal moment in the regulatory landscape of the cryptocurrency market within the country. The SEC’s action involves a formal request to […]

Binance Executive’s Daring Escape in Nigeria

Binance, one of the world’s leading cryptocurrency exchanges, finds itself at the centre of a dramatic episode in Nigeria. According to reports from Premium Times, a Nigerian publication, Nadeem Anjarwalla, Binance’s Regional Manager for Africa, has made a daring escape from custody in Abuja. Anjarwalla, detained along with Tigran Gambaryan, the exchange’s Head of Financial […]

Trump-Themed Meme Coins React to Bond Reduction

The recent reduction of Donald Trump’s $454 million bond to $175 million has rippled through the crypto markets, particularly affecting meme coins bearing the former U.S. president’s likeness. As the news unfolded, Ethereum and Solana-based meme coins tied to Trump’s name exhibited volatile trading behaviours, underscoring the speculative nature of these assets. An Ethereum-based MAGA […]

Revolutionizing Solana NFTs with Metaplex Core

Metaplex Foundation announced the launch of a new non-fungible token (NFT) standard for the Solana network, named Metaplex Core. This groundbreaking development promises to make NFT minting more cost-effective and developer-friendly while significantly reducing the network’s computational load. The Metaplex Core standard emerges as a game-changer in the Solana ecosystem, offering an over 80% reduction […]

Vitalik’s Shift: Beyond Twitter’s Turmoil

In the ever-evolving landscape of social media, the crypto community has been keenly observing the moves of one of its most prominent figures, Vitalik Buterin, co-founder of Ethereum. Amidst the backdrop of Elon Musk’s tumultuous takeover of Twitter in 2022, many have noted the platform’s significant changes and the departure of high-profile users and advertisers. […]

Crypto Funds See Record Outflows

In a surprising turn of events, the crypto market witnessed a significant withdrawal of funds last week, marking a dramatic pause to the bullish momentum that had characterized the weeks prior. According to a new report from CoinShares, a notable $942 million was pulled from crypto investment products, a move attributed to growing hesitancy among […]

CommEX Shuts Down: A Post-Binance Era

CommEX, the entity that took over Binance‘s former Russian operations, has announced a comprehensive cessation of its website services scheduled for May 10, as per a detailed blog post released on Monday. This decision marks a significant closure, reflecting the volatile dynamics within the cryptocurrency exchange landscape, particularly in the Russian market. CommEX’s strategic manoeuvre […]