Crypto analyst Inmortal has predicted that Bitcoin (BTC) is likely to experience a deep corrective move close to the $20,000 level before a parabolic rally above $50,000. Inmortal believes that Bitcoin is mirroring its price action in the latter months of 2019 when it broke below its support at around $10,000 and dipped all the […]
XRP Ledger (XRPL) is set to host the DeLux Network, a billion-dollar metaverse project. The team behind the project has made progress by sealing partnerships with projects based on the XRPL, such as Lux Lions, Aftermath Islands, and Primo Gardens Inc. On September 1, 2023, the Token’s Initial DEX Offering (IDO) will commence and will […]
Fenix International Limited, the parent company of the adult content subscription platform OnlyFans, has made a significant investment in Ethereum (ETH). The company’s financial statement for 2022 reveals a purchase of Ether worth $19.889 million. Despite the volatile nature of the crypto market, the purchased ETH had an impairment loss of $8.455 million, bringing the […]
An early investor of the meme-inspired crypto PEPE has sent shockwaves across the market with a stunning demonstration of crypto trading skills. When the market was at its highest, the investor sold the last one trillion tokens for a staggering 537 ETH, realizing a gain of 54,725x.The price of PEPE plunged by about 20% after […]
The Bone ShibaSwap (BONE) token has seen an impressive 11% surge over the last 24 hours, bucking the trend of the broader cryptocurrency market. This surge can be attributed to favorable developments within the Shiba Inu ecosystem, such as the revamp of the Shibarium testnet explorer, known as Puppyscan, and the gradual release of previously […]
Bitcoin network hash rate has recently reached a new peak of 414 exahashes per second (EH/s) on Aug. 18, according to Blockchain.com. This is a 54% increase from the beginning of 2023 and 80% over the past 12 months. However, Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per […]
The two South African brothers behind the crypto investment platform “Africrypt” have disappeared along with 3.6 billion USD in bitcoin bought with investors’ funds. Regulators in South Africa are now looking to take action following what might be one of the world’s biggest crypto frauds. Two South African brothers, Ameer and Raees Cajee, have reportedly disappeared, taking […]
Thailand has recently imposed restrictions on cryptocurrency trading. The South-east Asian nation’s Securities and Exchange Commission (SEC) has implemented a ban on various types of blockchain currencies such as meme tokens and NFTs. According to the Thai SEC, the new rules aim to protect traders and users from cryptocurrencies that have “no clear target or substance” and […]
Social media in China is blocking recent search results, and suspending the accounts of popular crypto-related content creators. If the situation continues, then this appears to be the latest step in Beijing’s increasing censorship of cryptocurrency information over the Internet. Searches for the Chinese or English names of Huobi, Binance and OKEx have recently been censored in […]
Standard Chartered Bank (StanChart) wants to establish an institutional trading platform for cryptocurrencies in the UK and Europe. The new exchange is expected to launch in the fourth quarter of 2021, depending on approvals from the relevant regulators. London-based Standard Chartered is one of the most influential financial institutions globally. Its innovation arm now wants to create […]
