CoingeckoNews

As the AI token sector experiences a 37% surge over the past week, Coinbase suggests that the value of many of these tokens may be “overstated.”

Emma8 months ago06 mins

The artificial intelligence (AI) token market has witnessed a notable surge in prices, prompting a research report from prominent cryptocurrency exchange Coinbase. The report, penned by Coinbase research analyst David Han, delves into the dynamics behind this surge, suggesting that it may be fueled more by hype than genuine utility. Han’s analysis sheds light on…

Hut 8, a Bitcoin mining company, is under legal scrutiny amidst allegations and operational adjustments. Here’s what’s happening.

Emma8 months ago8 months ago05 mins

quick take Hut 8’s stock dropped by 23% following allegations from J Capital, suggesting insiders were planning to sell off stock, prompting legal action from firms representing impacted investors. The company countered J Capital’s claims, dismissing them as misinformation. Simultaneously, it witnessed changes in leadership, with Asher Genoot assuming the role of the new CEO….

The CEO of VARA anticipates a cryptocurrency market boom in the UAE following its removal from the FATF Grey List.

Emma8 months ago06 mins

Matt White, the CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), views the Financial Action Task Force’s (FATF) decision to remove the UAE from the grey list as a significant step forward. This move is expected to pave the way for increased investments in the cryptocurrency sector. Following the UAE’s successful fulfillment of its action…

Over the past week, the memecoin sector has seen an impressive surge of 84%, surpassing the gains of the highly active AI tokens.

Emma8 months ago05 mins

In the current bullish crypto market, the spotlight has shifted to the memecoin sector, surpassing the performance of even the highly active AI tokens. Anticipation was high for sectors like Layer 2s, vital for scaling blockchain for wider adoption, and the convergence of crypto and AI, to lead the market. Technical advancements such as restaking,…

In the past week, trading volume on Solana decentralized exchanges (DEX) has surged to a record-breaking $2.85 billion, marking an increase of over 150%.

Emma8 months ago07 mins

The trading volume on decentralized exchanges (DEX) operating on the Solana (SOL) blockchain has surged dramatically, surpassing the $2 billion milestone for four consecutive days. On March 5, this momentum peaked with a record-breaking trading volume of $2.85 billion. According to DeFi TVL aggregator DeFiLlama, Solana DEXes witnessed a staggering increase, recording over $2 billion…

The CEO in Las Vegas is confronted with a potential 127-year prison sentence for involvement in laundering through a Bitcoin cartel.

Emma8 months ago09 mins

summary Las Vegas CEO Martin Mizrahi, found guilty on various counts including wire fraud and money laundering, is confronted with a potential 127-year prison sentence. Mizrahi’s illicit activities comprised laundering more than $4 million via Bitcoin, including funds sourced from a New York nonprofit organization and a Mexican cartel. The worldwide crackdown on cryptocurrency fraud…

The Arizona Senate is exploring the inclusion of Bitcoin ETFs in state retirement portfolios.

Emma8 months ago06 mins

The Arizona Senate is currently considering the possibility of integrating Bitcoin exchange-traded funds (ETFs) into the investment portfolios of state retirement funds. This move represents a significant step towards modernizing investment strategies and embracing emerging financial technologies within the state’s retirement system. If implemented, allowing Bitcoin ETFs in state retirement portfolios could potentially offer several…

The premium on Bitcoin in South Korea, known as the “Bitcoin Kimchi premium,” has reached unprecedented levels.

Emma8 months ago8 months ago06 mins

quick take Bitcoin’s price has rebounded notably, exceeding $66,000 following a recent dip. South Korea’s ‘Kimchi premium’ on Bitcoin has reached its peak in the last two years. The surge in the Kimchi premium suggests a robust comeback of Korean retail investors in the cryptocurrency market. Bitcoin (BTC) has experienced a noteworthy price rebound, exceeding…

CoinSwitch has become the first Indian crypto exchange to surpass 20 million registered users.

Emma8 months ago05 mins

Amidst a significant resurgence in user activity in India, CoinSwitch has achieved the milestone of becoming the first Indian crypto exchange to surpass 20 million registered users. Several factors have contributed to this accomplishment. The approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, along with the potential approval of Ethereum ETFs, has…

21Shares, a crypto asset manager, has exceeded $5 billion in assets under management (AUM).

Emma8 months ago06 mins

Amid a market rebound, crypto asset manager 21Shares has achieved a significant milestone by surpassing $5 billion in Assets Under Management (AUM). In a press release issued on Tuesday, the company, renowned as the largest issuer of cryptocurrency exchange-traded products (ETPs) globally, disclosed that $3.17 billion of the total AUM is attributable to its subsidiary,…