In a recent announcement on April 4, Binance made the decision to suspend Bitcoin Ordinals trades and deposits starting from April 18, 2024. This move has raised concerns among holders of Bitcoin-based non-fungible tokens (NFTs) who are now advised to withdraw their assets from the trading platform’s NFT marketplace before May 18, 2024. While Binance
Recently, short-term Bitcoin holders have been actively accumulating over 1.2 million BTC since December 2023, according to Glassnode. This surge in accumulation has caught the attention of many investors, especially considering the launch of Spot Bitcoin ETFs in the US. While the majority of Bitcoin accumulation has historically been attributed to long-term holders and whales,
In a world where cryptocurrencies are constantly evolving, XRP (XRP) seems to be losing its luster in 2024. As XRP struggles to gain traction and maintain its value, investors are turning their attention towards a new eco-friendly AI crypto called eTukTuk (TUK). With the potential for significant gains, some XRP holders are making the switch
Cryptocurrency analyst PlanB has made a bold prediction that Bitcoin will reach $100,000 by the end of this year. Despite the current bearish sentiments surrounding the flagship cryptocurrency, PlanB remains confident in his analysis. In a recent video on his YouTube channel, he stated that he believes Bitcoin hitting $100,000 is “inevitable.” Not only that,
The arraignment of two Binance executives in Nigeria has been postponed until April 19, as the country seeks criminal charges against the crypto duo. Initially detained in late February, Binance’s head of financial crime compliance, Tigran Gambrayan, and the regional manager for Binance in Africa, Nadeem Anjarwalla, are facing charges of money laundering and operating
The Ethena token (ENA) has recently made headlines with a 13% surge in just 24 hours, following its listing on Binance. This governance token for Ethena’s DeFi protocol has seen a significant increase of 53% overall since its listing, showcasing the growing interest in decentralized finance projects. One of the key features of Ethena’s protocol
Binance, a major crypto exchange, found itself in hot water in Nigeria as it faced criminal charges. Surprisingly, the exchange lacked legal representation during a crucial court hearing on April 4th. With only its compliance chief, Tigran Gambaryan, in attendance, who has been detained by the Nigerian government since February, the situation appeared dire for
The Ethereum price is facing a significant struggle to recover above the $3,360 resistance zone. Despite attempts to bounce back, ETH is now showing signs of more losses below the $3,300 and $3,250 levels. This indicates that the cryptocurrency is encountering numerous hurdles in its path to a successful recovery. Ethereum is encountering many hurdles
After numerous promises by Coinbase CEO Brian Armstrong, the US-based crypto exchange is finally making strides towards integrating the Bitcoin Lightning network. In a recent statement on April 3rd, Lightspark, a lightning network-based payment infrastructure provider, announced that they were selected by Coinbase to assist with the integration process. As part of the partnership, Coinbase
Lithuania is planning to implement strict licensing requirements for cryptocurrency firms by 2025. The goal is to regulate the industry more effectively as digital assets become more integrated into the financial system. According to Central bank board member Simonas Krepsta, the current number of 580 active firms in the country is expected to decrease significantly