Upbit, a prominent cryptocurrency platform in South Korea, has established itself as a key player in the country’s trading landscape. Responsible for over 80% of the nation’s trading activity, Upbit has emerged as one of the top five exchanges worldwide in terms of trading volume. However, its dominant position has sparked criticism and concerns, particularly
Crypto
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, including institutional investors managing assets exceeding $500 million and financial services organizations. The data showed a notable rise
The meme coin sector has been experiencing remarkable growth, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way. Additionally, newer tokens such as dogwifhat (WIF) and Pepe (PEPE) are gaining traction due to strong community support. This surge in popularity has resulted in the sector’s market capitalization briefly exceeding $60 billion. Community
The Bitcoin network recently achieved a significant milestone with its daily transactions hitting a new peak of 927,000. This surpassed the previous record of 724,000, which was set back in December 2023. These findings, reported by Intotheblock, highlight the increasing activity within the cryptocurrency space, driven primarily by the launch of Runes. Runes, a new
Jabara Igbara, famously known as “Jay Mazini,” rose to fame on Instagram as a self-proclaimed crypto millionaire, amassing nearly one million followers with his flashy posts showcasing acts of generosity. He presented himself as a devout Muslim and successful entrepreneur, gaining the trust and admiration of many within the Muslim-American community in New York. The
In the tumultuous world of cryptocurrency, bitcoin (BTC) has experienced significant pullbacks following the bear market of 2022. These pullbacks, some as steep as 23%, have proven to be critical moments for investors looking to maximize their returns. According to crypto trader and analyst Rekt Capital, accumulating BTC after a pullback of around 20% could
In a recent announcement made by Jack Dorsey’s fintech company Block Inc., it was revealed that they have successfully completed the development of an advanced Bitcoin mining chip. This achievement marks a significant milestone for the firm’s mining project and has the potential to revolutionize the mining industry. The Importance of Advanced Technology Block’s three
Venezuela’s state-owned oil and gas company PDVSA has unveiled plans to expedite the use of cryptocurrency, particularly USDT, to evade US sanctions. The company initiated the integration of USDT for oil sales back in 2023 and has now introduced a new policy requiring new customers to possess a digital wallet containing cryptocurrency. The decision to
The recent Bitcoin halving event, which occurred on April 20, has brought about a significant challenge for miners in terms of profitability. With block rewards being reduced by half, from 6.25 BTC to 3.125 BTC, miners are now facing a situation where they need to rely more on transaction fees and higher BTC prices to
The upcoming week in the United States is packed with key economic data releases that could have a significant impact on the direction of crypto markets. New home sales figures are set to be released on Tuesday, providing insights into the overall economy and consumer confidence. Alongside this, April’s S&P Global Manufacturing PMI and S&P
