Recent Posts
The Surprising Binance Listing of Book of Meme (BOME)
Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours.
Bitcoin Miners Get Ready as the Approaching Halving Event Nears
As the Bitcoin network approaches its halving event, which is predicted around April 20, 2024, miners and cryptocurrency aficionados are buzzing with anticipation. This occurrence, which occurs about every four years, is a critical milestone that cuts miners’ payouts in half. Currently, there are 34 days until this event, and BTC’s price has remained over $60,000, hitting approximately $74,000 on March 14.
Charles Hoskinson Affirms Cardano Hydra’s Progress Despite FUD
Cardano’s creator, Charles Hoskinson, addressed concerns about the development of Hydra. This layer-two scaling solution is designed to improve the Cardano blockchain’s transaction processing capacity. Despite concerns about its discontinuation, Hoskinson stated that Hydra’s development staff remains both productive and motivated.
Arbitrum Price Drops Following Major Release
Arbitrum (ARB), a Layer 2 token, plummeted 14% immediately after more than a billion tokens were released onto the market. According to the website 21milyon.com, ARB traded at $1.9 on March 16. However, prices began to fall sharply following the projected conclusion of the token supply release.
Bianco Defends Vanguard’s Decision Against Spot Bitcoin ETF
Jim Bianco, a well-known financial adviser, recently came up to defend Tim Buckley, CEO of Vanguard, against the barrage of criticism that erupted following Buckley’s remarks on the company’s stance on spot Bitcoin ETFs. The dispute began when Buckley stated that Vanguard would not participate in the spot Bitcoin ETF market, which contrasted dramatically with moves taken by other major asset management firms. This article offers a thorough explanation of the matter, including Bianco’s defence, the industry environment, and the ramifications of Vanguard’s stance.
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
The Nigerian Securities Regulator has suggested a regulation mandating virtual asset service providers to register and maintain an office in Nigeria. The agency has also proposed a fivefold increase in the registration cost, which must be submitted with licensing applications from prospective cryptocurrency exchanges.
Prosecutors Seek 40-50 Year Prison Term for Former FTX CEO Sam Bankman-Fried
In a dramatic turn of events, U.S. prosecutors have recommended an unprecedented prison sentence of 40 to 50 years along with an imposing fine exceeding $11 billion for Sam Bankman-Fried, the former CEO of FTX, a now-bankrupt cryptocurrency exchange. The sentencing, slated for March 28, follows Bankman-Fried’s conviction on seven counts of fraud and conspiracy by a jury in November.
El Salvador Transfers Majority of Bitcoin Reserves to Cold Wallets, Surging Holdings by Over 40%
El Salvador’s President, Nayib Bukele, disclosed that the majority of the country’s Bitcoin reserves have been transferred to cold wallets. This move comes as part of the country’s ongoing efforts to embrace cryptocurrency as legal tender. The cold wallet, identified by its address “32ixEd…uwnqzo,” now houses a substantial portion of El Salvador’s Bitcoin reserves, totaling 5,689.68 BTC, valued at approximately $407 million. Notably, this transfer has resulted in a remarkable increase of over 40% in El Salvador’s Bitcoin holdings.
Starbucks Announces The Death Of Its NFT Rewards Venture
Starbucks recently made news not for its seasonal lattes, but for discontinuing its digital collectibles effort. The coffee giant’s foray into the realm of non-fungible tokens (NFTs), called the “Odyssey Beta program,” has finally come to an end. This initiative, which debuted to much excitement, allowed die-hard Java fans to collect digital stamps, which were similar to paper stamps but with a modern twist. These weren’t your grandmother’s stamp collections; they were NFTs, digital treasures that have swept the tech world, for better or ill.
Pro-XRP Lawyer Confident He Can Win Senate Bid
Pro-XRP lawyer John Deaton has stated that he is prepared to challenge cryptocurrency critic Senator Elizabeth Warren in the Massachusetts Senate election, inviting his massive crypto-friendly social media following to financially support his campaign.