News
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Friend.tech’s native token drops by 50% after the biggest whale dump holdings
- May 5, 2024
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No CommentsThe recent turbulence surrounding Friend.tech’s native token, $FRIEND, has sent shockwaves through the crypto community, prompting a closer look at the dynamics driving its precipitous decline and the broader implications for emerging protocols. The abrupt 50% drop in $FRIEND’s value on May 3rd came as a result of the largest whale, identified as “Murphys1d,” offloading
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Bitcoin’s price surpasses $63,000 amid global and institutional adoption
- May 5, 2024
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Bitcoin’s recent surge above $60,000, currently standing at approximately $63,200 with peaks reaching $64,446, has sparked enthusiasm and speculation within the cryptocurrency community. This upward momentum is not isolated but part of a broader trend that has propelled the global crypto market cap to a staggering $2.36 trillion, marking a notable 7% increase over the
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Coinbase reports impressive Q1 revenue of $1.6 billion, exceeding 2023 earnings
- May 4, 2024
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Coinbase has revealed staggering financial results for the first quarter of the year, reporting a remarkable revenue of $1.6 billion, which marks a substantial 72% surge compared to the previous quarter. As the largest cryptocurrency exchange in the United States, Coinbase also disclosed a net income of $1.18 billion, translating to $4.40 per share. This
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Bitcoin surges beyond $60,000 as market revives amid investment speculation
- May 4, 2024
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Bitcoin just stopped falling and surged beyond $60,000, reaching an intraday high of roughly $62,000. This increase matches a broader trend in the cryptocurrency market, as Ethereum, Dogecoin, Ripple, Solana, and Litecoin have all seen rises. The global crypto market cap surged past $2 trillion, indicating a more than 2% increase within 24 hours. This
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FBI exposes $43 million crypto and Las Vega hospitality Ponzi scheme
- May 2, 2024
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Following the FBI’s arrest of Idin Dalpour, the consequences of his complex Ponzi scheme have reverberated throughout the cryptocurrency and hospitality industries. Dalpour’s scheme, which spanned several years and ensnared investors to the tune of $43 million, highlights the vulnerabilities inherent in nascent industries susceptible to exploitation. The appeal of huge profits promised by Dalpour’s bogus
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Bitcoin trades below $60k amid FOMC news and Roger Ver’s allegations of tax evasion
- May 2, 2024
- Posted by: [email protected]
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The claims against Roger Ver have caused ripples in the cryptocurrency industry, especially considering his prominent role as an early proponent of Bitcoin and advocate for Bitcoin Cash. Ver’s alleged involvement in tax evasion, particularly in the context of his high-profile status within the crypto space, has raised questions about the legal responsibilities of individuals
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RWA tokenization protocols surpass $8 billion in total value locked (TVL)
- May 2, 2024
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The rapid rise of real-world asset (RWA) tokenization protocols in recent times has captivated the attention of market observers as these innovative platforms continue to rewrite the rules of traditional finance. This surge in growth has culminated in a monumental milestone, with the total value locked (TVL) in RWA protocols eclipsing the $8 billion mark
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Bitcoin’s price drops by 11% following the halving event and market volatility
- May 2, 2024
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The recent downturn in Bitcoin’s price trajectory, marked by an 11% decline post its fourth halving, has triggered a comprehensive examination of the underlying factors driving this unexpected shift in market sentiment. Despite initial anticipation surrounding the halving, which typically heralds a bullish trend for Bitcoin, the actual price movement has diverged from historical patterns,
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Study shows 45% of Indians with retirement goals invest in cryptocurrency
- April 30, 2024
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A comprehensive study conducted by Mudrex revealed a remarkable trend among Indian savers, particularly those with long-term financial goals, revealing that nearly half of individuals with retirement plans have included cryptocurrencies in their investment portfolio. This finding, uncovered through thorough analysis and surveying, highlights a significant shift in investment strategies, with an increasing proportion of
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Bitcoin surges above $63,000 with rising speculations on investment
- April 30, 2024
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Bitcoin (BTC) has once again surged past the $63,000 mark, igniting renewed discussions and speculation regarding its future trajectory in the volatile cryptocurrency market. This latest surge comes after a brief stint below the $60,000 threshold, where Bitcoin demonstrated its characteristic resilience by swiftly rebounding, a testament to the unpredictable nature of its price movements.