Recent analysis by crypto exchange Bybit has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024 if demand continues at its current levels. The report suggests that reserves could be completely depleted within the next nine months, based on the current withdrawal rate of approximately 7000 BTC per day.
The recent explosion of the new coin Peshi Cat (PESHI) in a 120x skyrocket has certainly caught the attention of many investors in the crypto space. However, upon closer inspection, it becomes clear that PESHI’s price moves seem to be driven purely by speculative hype rather than any underlying utility of the coin. The current
Ethereum, the second-largest cryptocurrency in terms of market capitalization, has been experiencing significant fluctuations recently. The price of Ethereum plummeted to $2,800 on April 12, reflecting the overall downtrend in the cryptocurrency market. Despite this volatility, Ethereum whales, who are considered the giants of the crypto world, have been making strategic moves that have caught
Avalon, the independent Web3 gaming studio, has recently secured $10 million in funding to accelerate the development of its groundbreaking MMO game. What sets Avalon apart from traditional games is its innovative use of blockchain technology, allowing players to truly own their in-game assets and experiences. This means that players have the freedom to trade,
The provincial government of Buenos Aires has taken a decisive step by formally accusing Worldcoin of violating consumer laws through what it deems as “abusive clauses” in its user agreement. This move highlights the government’s commitment to protecting consumers from unfair practices by tech companies operating in the region. The allegation that Worldcoin can interrupt
In a recent development, US Senators Elizabeth Warren and Charles Grassley have taken a proactive approach in demanding accountability from the Commodity Futures Trading Commission (CFTC). The senators have formally requested a detailed account of all interactions between CFTC Chair Rostin Behnam and now disgraced crypto mogul Sam Bankman-Fried (SBF). The primary aim of this
The anticipation for the fourth Bitcoin Halving has led to various speculations within the cryptocurrency community. Lady of Crypto, a renowned market analyst and trader, recently offered her insights on the current market conditions in relation to the upcoming halving event. One of the key points highlighted by the expert is the skepticism surrounding claims
The ongoing saga involving Binance executive Nadeem Anjarwalla has taken a new twist with his extradition from Kenya. After escaping custody in Nigeria, Anjarwalla was tracked down to Kenya, where the authorities are now working to send him back to face charges related to the manipulation of the Naira and other illicit transactions through Binance.
In the current volatile and uncertain crypto market, investors and traders alike are facing challenging times. With the bears in control and concerns about geopolitical tensions and US economic data looming large, the broader crypto market is experiencing a significant downturn. Bitcoin, the leading cryptocurrency, has seen a sharp decline in value, trading near $63,000
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer suggest that action on stablecoin legislation may be imminent. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer to deliberate on the regulatory clarity needed in the area of financial technology. According to reports, there is a possibility that
