Industry News

Solana’s Meteoric Rise: From Memecoin Mania to Robust Network The digital currency scene has been ablaze with excitement recently, particularly around meme coins. Among the cryptocurrencies that have seen notable price surges is Solana (SOL), which experienced a significant jump of nearly 24%, bringing its value to $180.72. This price hike can be linked to…

Aevo’s drastic trading volume drop triggers wash trading allegations

Recent Volatility in Aevo’s Trading Volume Sparks Concerns Over Potential Market Manipulation The Controversial Surge and Fall in Aevo’s Daily Trading Volume The decentralized crypto perpetual and options exchange, Aevo, has recently experienced a significant increase and subsequent decrease in daily trading volume, causing alarm among market participants regarding potential market manipulation. The exchange’s trading…

COPA seeks injunction against Craig Wright after court verdict

The Crypto Open Patent Alliance (COPA), an organization dedicated to safeguarding the cryptocurrency ecosystem, has recently secured a significant victory in its ongoing legal performance against Craig Wright, a computer scientist who has long claimed to be Satoshi Nakamoto, the enigmatic creator of Bitcoin. The presiding judge in the U.K. trial ruled that Wright is…

Former FTX CEO Sam Bankman-Fried faces a potential 40–50-year sentence

Following a lengthy and complex criminal trial, prosecutors have put forth their sentencing recommendation for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX. Convicted on multiple charges, including wire fraud, securities fraud, and money laundering conspiracy, Bankman-Fried’s legal team has requested a maximum sentence of six and a half years in prison….

U.S. government reveals Sam Bankman-Fried’s attempts to repair public image amid legal woes

In a significant turn of events, the United States government has unveiled intriguing details concerning Sam Bankman-Fried’s attempts to restore his public image following the demise of FTX in late 2022. These disclosures were made through a court filing, adding fuel to the ongoing legal proceedings against the ex-FTX CEO, who currently faces multiple allegations…

Binance Lists BOME: Surges 243% in 24 Hours, What’s Behind the Hype?

Amidst the burgeoning crypto market, meme cryptocurrencies have once again taken center stage, attracting investors’ attention with their remarkable price increases. Among these meme coins, one name that has stood out is Book of Meme (BOME). In a matter of days, BOME experienced an extraordinary surge of over 200%, reaching a value of $0.0226. This…

Cryptocurrency policies: A comparative analysis of Biden and Trump administrations

The political landscape of cryptocurrency is significantly influenced by the policies and attitudes of presidential leaders. As the 2024 presidential campaign gathers momentum, comparing the cryptocurrency stances of former President Donald Trump and current President Joe Biden becomes an essential exercise. Biden Administration’s Cryptocurrency Policies During President Joe Biden’s tenure, the administration has taken a…

Helldivers 2 Surpasses Expectations, Analysts Say

Helldivers 2 Defies Industry Trends with Record-Breaking Sales and Continued Improvements TD Cowen analyst Doug Creutz has recently suggested that Helldivers 2, the cooperative shooter developed by Arrowhead Game Studios and published by Sony Interactive Entertainment, has exceeded sales expectations since its release. Although Sony has not officially disclosed sales figures, data from SteamDB indicates…

Crypto trader turns $9,000 investment into $123,000

The cryptocurrency market has recently experienced an extraordinary development with the value of the meme-inspired digital asset, Book of Meme (BOME), witnessing a meteoric surge of over 3000% within a single day. This unprecedented price escalation has propelled BOME into the limelight, generating significant interest among seasoned traders and newcomers alike. Background of Book of…

Nigerian SEC proposes hefty fee increase for crypto exchange registration

Nigerian Securities and Exchange Commission Proposes Significant Amendments to Crypto Regulations In a pivotal development for the crypto industry within Nigeria, the Securities and Exchange Commission (SEC) has announced plans to revise the regulations that govern platforms offering cryptocurrency services. This announcement comes as part of Nigeria’s broader strategy to establish a more regulated environment…

Bitcoin’s bullish backer MicroStrategy surpasses Amazon in trading volume

MicroStrategy’s Unprecedented Bitcoin Trading Volume Surpasses Amazon: A Game-Changer for the Cryptocurrency Market Background: MicroStrategy, a leading firm in Bitcoin holdings, has recently outperformed Amazon in daily trading volume with an astounding $8 billion. This development follows MicroStrategy’s announcement of a $525 million convertible debt offering, which boasts a modest 0.875% annual interest rate. MicroStrategy’s…

XRP advocate John Deaton steps up campaign against senator Elizabeth Warren

John Deaton’s Senate Campaign: A Call for Change Against Elite Funding and Established Power John Deaton, a prominent lawyer in the XRP community and an outspoken critic of Senator Elizabeth Warren, is challenging her for the Massachusetts Senate seat. Deaton’s campaign gained traction with his strong stance against Warren and her acceptance of funding from…

Uniswap Research Highlights Cost Efficiency of Layer-2 Networks Over Ethereum Mainnet

Unlocking the Potential of Decentralized Finance with Layer-2 Networks: Cost Savings, Superior Liquidity, and Future Prospects In a groundbreaking study conducted by Austin Adams, a dedicated researcher at uniswap Labs, it has been unveiled that executing swaps and managing liquidity provisions on layer-2 networks outperforms Ethereum’s mainnet in terms of cost-effectiveness (Adams, 2023). This keyboards-changing…

Avalon Finance get $1.5 Million in Seed Funding to Enhance DeFi Lending

Avalon Finance Secures $1.5 Million in Seed Funding to Revolutionize Decentralized Finance (DeFi) Lending on the Bitcoin Ecosystem Avalon Finance: A Promising Newcomer to the DeFi Lending Space In a major stride towards redefining decentralized finance (DeFi) lending, Avalon Finance, the pioneering lending protocol under the Merlin Chain umbrella, has recently closed a successful $1.5…

Donald Trump becomes the preferred candidate among crypto holders

Surprising Preference of Crypto Community Towards Donald Trump: Insights from Paradigm’s Survey In a groundbreaking revelation, a survey conducted by the esteemed crypto venture capital firm, Paradigm, has uncovered that Donald Trump enjoys significant support from the crypto community. The comprehensive study, carried out by Public Opinion Strategies between February 28 and March 4 among…

Dubai International Financial Centre introduces new law for digital asset transactions

DIFC Announces Enactment of New Digital Assets Law, Aligning Dubai with Global Technological Advancements in Finance The Dubai International Financial Centre (DIFC), a prominent financial hub situated in the United Arab Emirates, made an important announcement this week regarding the enactment of its new Digital Assets Law, effective from March 8. This legislative development comes…

UK financial watchdog eases restrictions on crypto-backed exchange-traded notes

A Major Milestone in the UK’s Financial Landscape: FCA Allows Professional Investors to Trade Crypto ETNs The United Kingdom’s Financial Conduct Authority (FCA) has made a groundbreaking decision, enabling professional investors to engage in trading crypto exchange-traded notes (ETNs) provided by recognized investment exchanges (RIEs). This announcement on March 11 marks a significant step towards…

Pokémon Center Pop-Up Store Opens in London Soon

The Pokémon Company has recently made an exciting announcement regarding the opening of reservations for a special Pokémon Center pop-up store at the 2024 Pokémon Europe International Championships. This highly anticipated event is scheduled to take place at ExCeL London from April 4th to April 7th and promises to be a must-visit destination for Pokémon…

US 2024 elections and crypto sign up for a “dance of death”

The forthcoming US 2024 elections have sparked intense interest and anticipation across the nation, serving as a pivotal moment in shaping America’s future. Intriguingly, the political landscape is intersecting with the decentralized world of cryptocurrency, giving rise to an intriguing fusion of technology and finance. This unique merger has captured the attention of both political…

JPMorgan warns of MicroStrategy’s Bitcoin dark future