Ripple (XRP), a prominent player in the cryptocurrency market, has recently experienced a slight pullback, encountering resistance at the $2.8 threshold. This resistance has triggered a minor decline, yet this scenario is unfolding as Ripple approaches a significant support zone. Such conditions suggest a potential bullish reversal could be on the horizon, particularly with the
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In a bold move signaling its firm stance on tax compliance, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited. The FIRS is seeking an astonishing $81 billion—a figure that includes not only substantial claims for unpaid taxes but also hefty penalties that reflect the agency’s dissatisfaction with Binance’s operations
In a significant move to modernize public finance, the Texas Senate Committee on Business and Commerce is considering Senate Bill 21, which seeks to establish a Bitcoin reserve for the state. Pierre Rochard, Vice President of Research at Riot Platforms, presented this groundbreaking proposal during a hearing on February 18, showcasing Bitcoin’s potential to enhance
Ethereum, the world’s second-largest cryptocurrency, has been caught in a tight price band between $2,650 and $2,750 over the past week. This lack of movement is not merely a pause but a reflection of the heightened uncertainty that investors are currently experiencing regarding its short-term trajectory. As it grapples with significant selling pressure, the question
Samuel Edyme, often referred to by his moniker HIM-buktu, has carved a unique niche for himself in the rapidly evolving web3 space. With his diverse expertise as a content writer, journalist, and aspiring trader, Edyme is a testament to how resilience and determination can pave the way for success in a volatile industry like cryptocurrencies.
The cryptocurrency landscape is once again feeling the weight of a downward trend, as the total market capitalization has experienced a notable decline of approximately 3% over the last 24 hours, bringing it down to $3.24 trillion. This dip is indicative of a broader struggle within the altcoin market, which has been steadily losing momentum
Ethereum remains in a precarious position as it grapples with significant market forces that threaten its recent uptrend. At approximately $2,680, the cryptocurrency is struggling to maintain footing above critical demand levels, particularly the $2,600 mark, which serves as a psychological and technical support zone for many investors. Amidst this uncertainty, the crypto market sentiment
In a bold move, the Department of Government Efficiency (DOGE), spearheaded by the innovative yet often polarizing figure Elon Musk, has set its sights on the US Securities and Exchange Commission (SEC). The primary aim is to expose and eliminate inefficiencies and unethical practices within the SEC, which are perceived to be detrimental to not
As the summer months approach, a familiar narrative looms over the cryptocurrency market: the “sell in May” effect. This concept, rooted in traditional finance, suggests that investors should divest from stocks around May, anticipating a downturn until October. With the recent predictions from CryptoQuant’s analyst Oinonen, this trend may extend to Bitcoin (BTC) as well.
In the ever-evolving landscape of cryptocurrency, safety and vigilance have never been more crucial. Recently, Richard Teng, the CEO of Binance, raised an alarm about an innovative but malicious scam known as the “share-seed-phrase.” In a February 18th message posted on X, Teng elucidated how this con works—by manipulating vulnerabilities in trust and urgency, fraudsters
