Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $ 25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant …
According to Coingecko’s 2024 Q3 Crypto Industry Report, the global cryptocurrency market closed flat, ending the quarter with a $ 2.33 trillion market cap. However, the period saw considerable volatility driven by geopolitical and economic events across major markets. Q3’s Crypto Winners and Losers: Coingecko’s Report Breaks It Down Coingecko’s latest report highlights that …
NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $ 77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital collectible market struggled, bringing …
The Web3 industry has yet to fully enter the mainstream, according to John Nahas, chief business officer (CBO) of Ava Labs. He argues that general-purpose Layer 1 blockchains, whose primary focus is marketing their tokens, dominate the space and lack sufficient innovation. This, Nahas contends, hinders the industry’s full potential. Blockchain Success Hinges on Curious, […]
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]
The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement, […]
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation (FBI)’s Boston Division is calling on […]
According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8. Bitcoin’s Hashrate Skyrockets to 698 EH/s as Miners Surge Ahead of Difficulty Adjustment Following a decline in […]
Based on the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) ended the day with net losses, while spot ethereum ETFs also experienced a decline. $ 18.66M Flows Out of Bitcoin ETFs as Ethereum Funds Also Falter On Tuesday, the 12 spot bitcoin ETFs saw $ 18.66 million flow out, with a trading …
While the crypto market’s overall capitalization has only ticked up by 0.28% over the past day, reaching $ 2.19 trillion, the artificial intelligence (AI) crypto economy has made more noticeable gains, climbing 5.4% to hover above the $ 29 billion mark. AI Crypto Sector Jumps 5.4% to $ 29B On Monday, while …
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $ 64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $ 92.617 billion in volume, with bitcoin grabbing a $ …
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS. Enhancing Transparency in the Foreign Exchange Market The Central Bank of Nigeria (CBN) […]
Bitcoin’s price briefly dipped to an intraday low of $ 59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $ 60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At …
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]
Over the last two weeks, non-fungible token (NFT) sales have enjoyed steady week-over-week increases. However, when we compare the numbers from September to August, the story takes a different turn. Data from Cryptoslam.io reveals that September saw a 47.9% drop in total digital collectible sales compared to the previous month. NFT Market Faces Continued Decline […]