Amid the ongoing Solana meme coin frenzy, a new player has entered the scene with a bang – Smog Token. This 14-day-old coin has quickly gained popularity, attracting thousands of participants to its airdrop and building a cross-platform social community of over 55,000 members. The token has experienced an astounding price gain of more than
Recent price action in the world of cryptocurrency has sparked speculation about the forthcoming altcoin season. According to crypto analyst Rekt Capital, Bitcoin is currently experiencing one last Pre-Halving retrace before embarking on a parabolic move post-halving. This suggests that a significant correction may be on the horizon for Bitcoin, paving the way for altcoins
Recently, South Korean police have issued a warning regarding the targeting of chat app users by crypto scammers on trading- and investment-themed channels. According to reports from News1 and Daejon Ilbo, the Sejong South Police Station is currently investigating multiple cases stemming from these fraudulent activities. It has been disclosed that approximately 20 reports have
As the cryptocurrency market experiences volatility, with major coins like Bitcoin and Ethereum facing profit-taking after recent gains, many investors are turning to micro-cap shitcoins and meme coins in search of quick returns. These small-cap assets can be incredibly volatile, with the potential for significant gains or losses in a single day. One such example
The approval of spot Bitcoin exchange-traded funds in the United States has sparked increased interest in Bitcoin among Australians, as revealed by a recent survey conducted by the Australian-based crypto exchange Independent Reserve. The Independent Reserve Cryptocurrency Index survey, published on February 21st, gathered insights from 2,100 adult Australians, representing a diverse demographic cross-section of
In a recent announcement on February 21, the interoperability platform Wormhole revealed its collaboration with Advanced Micro Devices (AMD) to integrate AMD’s FPGA hardware accelerators into the Wormhole ecosystem. This partnership aims to enhance the speed and scalability of multichain decentralized applications (dApps) by leveraging AMD’s expertise in providing enterprise-grade field programmable gate array (FPGA)
Bitcoin has recently seen a surge in its value, hitting the $50,000 mark after a two-year high. While this may seem like a positive sign for investors, some analysts are cautioning that a correction could be on the horizon. According to Crypto Jelle, a well-known crypto expert, Bitcoin might be due for a retest in
Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, made serious allegations against Binance. He claimed that the cryptocurrency exchange was manipulating the exchange rate for Nigeria and essentially taking over the role of the Central Bank of Nigeria (CBN). Onanuga called for action from the Economic and Financial Crimes Commission (EFCC) and
Bitcoin has recently experienced a retracement after reaching a high of $53,000 on February 20. Despite this temporary dip in price, Bitcoin whales are taking advantage of the situation by accumulating more of the flagship cryptocurrency. According to Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, inflows into accumulation
In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior has been significant, especially considering that over 17% of Bitcoin’s total supply was housed on exchanges at one point. The trend of decreasing exchange balances has persisted, even amidst Bitcoin’s 2021 bull