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As the Memecoin craze continues, investors are sailing into a new wave: Coins named after country names. The Olympic Games to be held in Paris in July lie behind this new trend. Investors believe that this enthusiastic event will increase the values of the country's tokens and create a significant profit opportunity.
May 8, 2024In the cryptocurrency world, ProtonMail has risen like a fortress. This managed email service, known for its unwavering vows to protect user data, has begun to be questioned with the latest incident. A user turned over his information at the request of Spanish authorities, leading privacy advocates to claim that ProtonMail had breached its user privacy agreement.
May 8, 2024The cryptocurrency market has faced increasing regulation and oversight in recent years. This creates significant pressure, especially for privacy-focused crypto assets and services. As a result of this pressure, LocalMonero, a major platform for the popular privacy coin Monero, decided to abruptly discontinue its services on May 7, 2024.
May 8, 2024Ethereum price is down 1.85% in the last 24 hours, approaching the critical $3,010 support level. Behind this decline lies the increasing decline expectations of investors. Grayscale Investments' withdrawal of its Ethereum futures ETF application also fueled these concerns. CoinMarketCap data reveals that investors have intensively opened short positions in the last 24 hours. A short position is a bet that the price of the asset will fall. Traders use these positions to make profits when the price drops.
May 8, 2024There has been an exciting development in the NFT space, transforming the ownership and trading of digital assets. Singapore-based Web3 platform Galaxis faced intense interest from investors before the token sale. Prominent names such as blockchain oracle network Chainlink, domain name service Ethereum Name Services (ENS) and venture capital firm Rarestone Capital announced a $10 million investment in Galaxis. Important names such as ENS co-founder Nick Johnson and Taisu Ventures also participated in the investment round.
May 7, 2024Recently, news has come to the fore in the field of Bitcoin mining that Bitmain is secretly trying to capture the majority of Bitcoin's hashing power. In response to this news, a public Bitcoin mining pool is offering an alternative to miners who want to run non-Bitmain hashes of their choice.
May 7, 2024For the second time in the last week, the cryptocurrency market was shaken by liquidations on the Ethereum (ETH) front. ETH, which has surpassed Bitcoin (BTC), accounts for a significant portion of global cryptocurrency liquidations. This may signal that a correction is occurring in the market.
May 7, 2024WisdomTree, a provider of exchange-traded funds (ETFs) popular among global investors, is experiencing a turbulent period with its investment firm ETFS Capital. ETFS Capital is urging shareholders to vote against the re-election of certain board members, arguing that WisdomTree's current board and its strategic decisions have diminished the value of the company.
May 7, 2024Leading Austria-based cryptocurrency exchange Bitpanda is expanding its operations to the Middle East, making its first major move outside Europe. The company aims to enter this new market by opening a regional office in the United Arab Emirates.
May 7, 2024Memecoins have recently fallen behind Bitcoin and started to lose investor interest. This situation shows that, with the effect of Bitcoin's recovery after the halving event, the popularity of memecoins may decrease and the possibility of investors turning to Bitcoin may increase.
May 7, 2024Cryptocurrency Ore, based on the Solana blockchain and using a proof-of-work mechanism, surprised the cryptocurrency community by winning the "First Prize" in a hackathon supported by the Solana Foundation, despite the project causing significant outages to the blockchain network in April.
May 7, 2024Crypto asset management giant Grayscale is reversing its four-month net outflow trend, signaling that investor interest in Bitcoin has been reignited. Investments in Grayscale Bitcoin Trust (GBTC) increased for two days in a row.
May 7, 2024Bitcoin price continued its rise above the $64,000 resistance. BTC is currently maintaining gains above $62,800 and it might be aiming for more upside. Bitcoin reached a new weekly high of $65,500 before a downside correction occurred. The price is trading above $63,500 and the 100 hourly simple moving average.
May 7, 2024The recent rise in Bitcoin (BTC) prices has mobilized option investors. Investors are again considering the possibility of the cryptocurrency reaching the $ 100,000 level this year. After Federal Reserve Chairman Jerome Powell announced on Wednesday that a rate cut or increase was not on the agenda, market leader Bitcoin rose more than 12% to $63,470. The fact that the US non-farm employment data (NFP) announced on Friday was below expectations supported Powell's statements and accelerated the recovery of BTC.
May 7, 2024MetaMask, the most popular cryptocurrency wallet for Ethereum, is getting a new weapon to help users combat the vexing issue of maximum extractable value (MEV). The optional “Smart Transactions” feature, available this week, can enable users to experience lower fees and faster transaction confirmations.
May 7, 2024Shibarium has improved its platform by taking user feedback into consideration. With the new update, transactions will be faster and you will be able to send your money instantly wherever you want. Additionally, thanks to predictable gas fees, you will not encounter surprise charges and will be able to keep your transaction costs under control.
May 6, 2024The incident, which took place in a federal court in Seattle, brought a bitter end to the competition between two names that marked a period of the cryptocurrency market. Binance founder Changpeng "CZ" Zhao was sentenced to 4 months in prison on Tuesday. Just a month before this incident, Sam Bankman-Fried, the founder of the FTX exchange in midtown Manhattan, faced a much harsher sentence, receiving a 25-year prison sentence.
May 6, 2024After a long period of net outflows, the Grayscale Bitcoin Trust mutual fund (ETF) recorded net positive inflows for the first time. According to preliminary data provided by Farside, Grayscale Bitcoin Trust (GBTC) experienced net inflows of $63 million on May 3. This positive development follows net outflows of approximately $17.5 billion since the launch of 11 spot Bitcoin ETFs on January 11.
May 6, 2024