Category: Latest News in cryptocurrency world

After dipping below the $57,000 mark, Bitcoin’s price saw a modest rebound, driven partly by data emerging from the USA. This recovery was accompanied by significant drops in alternative cryptocurrencies (altcoins), attributed to the substantial unlocking of tokens in the preceding week. Looking ahead, the cryptocurrency market faces another wave of token unlocks in the…

In the fast-paced and ever-evolving realm of cryptocurrencies, monumental shifts and movements often occur, dictating the trajectory of the market and shaping investor sentiment. Recently, an extraordinary development has emerged within the Bitcoin (BTC) ecosystem, catching the attention of industry insiders and enthusiasts alike. It is a narrative woven with intrigue, where the actions of…

Almost three years ago, the realm of cryptocurrencies bore witness to a seismic event, orchestrated by none other than Vitalik Buterin, the co-founder of Ethereum. In a move that reverberated throughout the digital landscape, Buterin executed a monumental burn of Shiba Inu (SHIB) tokens, effectively obliterating a jaw-dropping 410 trillion tokens from the circulating supply….

In an intriguing twist within the cryptocurrency realm, the visionary founder of Cardano, Charles Hoskinson, has recently stirred the waters by expressing a newfound interest in Bitcoin Cash (BCH), a prominent offshoot of Bitcoin. This unexpected pivot has set tongues wagging and ignited a flurry of speculation and curiosity among crypto aficionados, as Hoskinson’s gaze…

Recently, Telegram reached a monumental milestone, boasting a staggering 900 million users. This exponential surge in user base has triggered a significant ripple effect, notably impacting the Telegram Open Network (TON), which has witnessed an astounding 17% surge in growth within a mere three days. TON, an intricately designed blockchain tailored to seamlessly integrate with…

In the throes of an exhilarating resurgence, Bitcoin has boldly ascended, reclaiming the formidable $60,000 threshold and forging ahead with unwavering momentum, steadfastly surpassing the $63,000 mark. This remarkable feat is underpinned by a surge in trading volumes, a resounding endorsement of the resurgent optimism pervading the cryptocurrency market. In the wake of Bitcoin’s resplendent…

IN BRIEF Global sports sponsorships are incorporated by Crypto.com. Leading Crypto.com’s diverse sponsorship portfolio is Formula One. Sports partnerships contribute to Crypto.com’s user growth. Crypto.com has made significant strides in diversifying its brand presence by venturing into the realm of sports sponsorship. This strategic move underscores the company’s commitment to broadening its reach and appealing…

Following an extended stretch marked by consistent outflows, Grayscale’s Bitcoin Trust exchange-traded fund (ETF) recently broke the trend by registering its initial day of net positive inflows. According to preliminary data sourced from Farside, on May 3rd, Grayscale’s Bitcoin Trust (GBTC) observed a notable $63 million in net inflows. This shift in momentum is significant,…

IN BRIEF Bitfinex’s CTO addressed concerns about a potential data breach on Twitter. A clear denial was issued regarding the possibility of such an incident. Users were reassured that there is no need to panic, with assurance that their data remains secure. Recent claims have surfaced regarding a hacker group allegedly breaching the personal data…

Alexander Vinnik, the co-founder of the cryptocurrency exchange BTC-e, has recently entered a guilty plea for charges related to conspiracy to commit money laundering. This development was disclosed in a public release by the US Department of Justice (DOJ) on May 3. Vinnik, a Russian national, has confessed to his involvement as one of the…