In a surprising turn of events, the South Korean cryptocurrency exchange Upbit has emerged as a key player in the recent surge of Bitcoin Cash (BCH). According to reports from Wu Blockchain, Upbit recorded a staggering trading volume of over $350 million for the BCH/KRW pair in the past 24 hours. South Korea may be…
The price of Bitcoin has been on a downward trend since reaching an all-time high of over $69,000 in November 2021. However, some analysts believe that the market may be close to a turning point, based on a metric called Supply Loss Percent. Supply Loss Percent is a measure of how much Bitcoin supply has…
Binance has announced the launch of Pixels (PIXEL), a social web3 game built on the Ronin Network, as the 46th project on its Launchpool platform. Users will be able to stake their BNB and FDUSD tokens into separate pools to farm PIXEL tokens over ten days, starting from February 9, 2024. Pixels is an interoperable web3 farming…
The Nigerian House of Representatives Committee on Financial Crimes has issued a summons to Richard Teng, the Chief Executive Officer of Binance Holding Limited, over allegations of terrorism financing and money laundering. The move comes amid increasing scrutiny of cryptocurrency exchanges, with the Central Bank of Nigeria flagging Binance for its alleged involvement in money laundering. Chairman…
The price of Ethereum (ETH) has formed a deviation above the long-term resistance area. It may decline further before the correction phase ends. Long-Term Resistance Area The price of Ethereum (ETH) broke above the long-term resistance area at $3,500 during the week of March 4th to March 10th, 2024. This was the final resistance level…
In a move that signals continued innovation in the realm of decentralized finance (DeFi), Binance, one of the world’s leading cryptocurrency exchanges, has unveiled the 49th project on its Launchpool platform: ether.fi (ETHFI). This decentralized, non-custodial delegated staking protocol promises to offer users a unique opportunity to participate in staking and farming activities, further expanding the possibilities…
NIM Network, a blockchain platform dedicated to AI gaming, has announced the launch of its Genesis Rolldrop program. The initiative is set to distribute a generous 9% of its token supply, amounting to 90 million NIM, in an airdrop to over 500,000 eligible wallets. Of this, a substantial 50 million NIM is earmarked for wallets…
In the ever-evolving landscape of cryptocurrency investments, Bitcoin spot Exchange-Traded Funds (ETFs) have emerged as a beacon of investor confidence, even as the market faces significant volatility. On March 15th, the Bitcoin spot ETF market witnessed a remarkable total net inflow of $198 million, underscoring the growing investor appetite for cryptocurrency exposure through traditional investment…