Year: 2024

The recent involvement of the Nigerian government in the crypto industry has created ambiguity among various stakeholders within the broader crypto community regarding its position and objectives. Nathaniel Luz, the co-founder and chief marketing officer of Flincap, a homegrown crypto over-the-counter (OTC) exchange, has emphasized the importance of obtaining clear guidance amid the conflicting indications…

As per a recent tweet shared by the @spotonchain analytics platform, it has been reported that within the last 20 hours, a significant whale, previously holding nearly half a trillion Shiba Inu meme coins, has offloaded them at a substantial loss. Concurrently, the second-largest meme-inspired cryptocurrency, Shiba Inu, has approached a crucial threshold where it…

In their recent blog post, European Central Bank advisors have likened the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds (ETFs) in January to “the naked emperor’s new clothes.” Ulrich Bindseil, the ECB’s Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, expressed criticism towards Bitcoin, emphasizing its inadequacy as…

Long-Term Holders Transitioning to Profit-Taking Recent data indicates a notable increase in exchange inflow volume from Bitcoin (BTC) long-term holders, signaling a shift towards profit-taking among these investors. This movement suggests a potential short-term price correction for the leading cryptocurrency, as coins held by long-term holders are being transferred to short-term holders. Analysis by CryptoQuant…

Shiba Inu’s newest venture into the realm of digital collectibles, SHEboshis, has surpassed all expectations by selling out completely within just three hours of the initial minting phase. Originally, the SHEboshi digital collectible set was structured into three distinct phases. The primary focus was on the original Shiboshis NFT holders, who were given the exclusive…

Key Cryptocurrency Events of 2024 Several significant events are anticipated in the cryptocurrency industry in 2024, with the Bitcoin halving, SEC’s decision on a spot Ethereum ETF, and the Ethereum Dencun upgrade leading the pack. Ethereum Dencun Upgrade The Ethereum Dencun upgrade holds considerable importance as it aims to enhance the efficiency and accessibility of…

Uniswap (UNI) Surges on Proposed Upgrade The decentralized cryptocurrency exchange Uniswap (UNI) is experiencing a rapid surge in its value following the announcement of a proposed upgrade aimed at rewarding its token holders. Proposal for Token Holder Rewards The Uniswap Foundation has revealed a new proposal initiated by the protocol’s governance lead. This proposal seeks…

Willy Woo, a prominent analyst who closely tracks Bitcoin’s on-chain activity, is raising the bullish flag, pointing to robust demand and diminishing supply as key drivers for optimism in the market. Speaking on X platform, Woo highlighted that Bitcoin is absorbing an average of $607 million per day as fresh capital flows in from new…

On February 23, the Securities and Exchange Commission Board of Thailand (SEC) made an announcement regarding the recommendation to the Finance Ministry to revoke the digital asset business license of the troubled crypto exchange, Zipmex. This development marks the latest in a series of setbacks for the exchange in Thailand. During a meeting held on…

CoinMarketCap has unveiled plans for the inaugural CMC Crypto Awards, aiming to spotlight outstanding achievements across networks, individuals, and technology within the cryptocurrency sector. Scheduled to span from February 21 to March 6, the awards ceremony will encompass a range of categories celebrating excellence in the industry. Winners will be determined through a combination of…