Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset’s long-term prospects. One notable instance involved a whale who, having purchased ETH at $1,890 last year, transferred 12,906 ETH ($24.39 million) from Binance to Lido. More recently, the same investor withdrew … Read more
The securities regulator of the Philippines is poised to introduce a regulatory framework for cryptocurrency assets and trading by the latter part of 2024. According to SEC Chair Emilio Aquino, the plans to release this framework were disclosed last week, with the aim of implementing it by the second half of the year, as reported … Read more
According to a report by local media outlet Kyunghyang Shinmun on May 5, newly amended donation legislation in South Korea excludes digital currencies from accepted forms of donation. The Ministry of Public Administration announced that amendments to the “Donations Act” will permit various new donation methods, such as department store gift vouchers, stocks, and loyalty … Read more
Antonio Villaraigosa, the former Mayor of Los Angeles, has joined Coinbase as a policy advisor, focusing on promoting global economic freedom, particularly within underbanked communities. Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized the need for banking system reform to better serve Black and Hispanic populations. While Villaraigosa will advise on regulatory frameworks for U.S. customers, … Read more
Reports suggest that Nigeria, an economically significant country in West Africa, is poised to introduce a new prohibition concerning cryptocurrency. The proposed ban aims to prevent financial institutions from facilitating peer-to-peer (P2P) cryptocurrency transactions, following the classification of cryptocurrency trading as a national security concern by the Office of the National Security Adviser (NSA). Anonymous … Read more
This week, cryptocurrency markets experienced turbulence due to macroeconomic influences, while enthusiasts eagerly embraced new tokens from several notable airdrops. Bitcoin commenced the week at $63,000, aiming to surpass the previous week’s opening price of $65,000. However, it faced rejection near this level on Tuesday, subsequently dropping below the crucial support threshold of $60,000, which … Read more
A surge in the ongoing legal proceedings between the U.S. Investor interest in XRP was sparked this week by the Securities and Exchange Commission (SEC) and Ripple. The beleaguered altcoin showed significant volatility, making profits for three days in a row. According to TradingView statistics, XRP increased by 4.52% on Friday alone, rising from a … Read more
Recent research found that in the last six months, Telegram-linked Toncoin [TON] has the fastest network growth among the top cryptocurrencies on the market. The number of users on TON doubles According to Santiment’s analysis, the number of non-zero wallets on the network increased to 16.8k during the previously indicated timeframe, more than double. By … Read more
In the majority of cryptocurrency-related areas, Ethereum [ETH] has been the leading player. On one front, nevertheless, it appears that the Blast network is now in the driver’s seat. NFTs at maximum Blast According to recent data, Blast NFT collections such as PAC REKT, Blastopians, and Plutocrats have collectively generated more volume over the last … Read more
Homo Pepe (HOMPEPE), like Shiba Inu (SHIB) and Bonk (BONK), has the potential to become a viral memecoin. This week saw the introduction of the Solana memecoin Homo Pepe (HOMPEPE), which seeks to compete with other massive memecoins like Shiba Inu (SHIB) and Bonk (BONK). Homo Pepe offers a comparable possibility to the enormous gains … Read more