The price of ApeCoin has surged by over 22% in the past 24 hours, after Bored Ape Yacht Club (BAYC) creator Yuga Labs offered a lucky few players a first look at its Otherside metaverse. ApeCoin is currently trading at around $6, after rising by 30% over the past week. ApeCoin’s explosive price movement follows an Otherside tech demo, or…
During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately 102,045 bitcoins worth $2.1 billion.…
Ethereum’s native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC). ETH price bear flag invalidated The ETH/BTC pair invalidated its prevailing “bear flag” pattern after Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake (called the Merge) will most likely occur in September. ETH/BTC has rallied by more…
Bye bye Monday blues, hello bullish news – the total crypto market capitalization has retaken the $1 trillion level. The crypto market cap is now almost as valuable as all the silver on the planet. A price pump for Bitcoin (BTC) brought the world’s most decentralized cryptocurrency into the $22,500 range, while Ethereum (ETH) enjoyed a double-digit “giga pump” to…
As one of the most populated continents in the world, Africa continues to be an important target for blockchain proponents, as adoption in the region could have a significant impact on the broader crypto economy. In an interview with Cointelegraph, Allen Wei, the CEO of crypto exchange LBank, explained that blockchain can have a significant impact on Africa. Moreover, Wei…
Ethereum was once again higher on Monday, as prices of the token moved towards $1,500 following recent gains. Bitcoin was also in the green, as prices climbed close to a one month high, after surging above $22,000 to start the week. Bitcoin Bitcoin (BTC) was in the green to start the week, as the weekend’s bullish momentum continued in today’s…
The United States-based cryptocurrency exchange Coinbase continues aggressive European expansion by securing approval to offer crypto services in Italy. Coinbase announced on July 18 that it has obtained the Crypto Asset Service Provider approval from the Italian Anti Money Laundering regulator, Organismo Agenti e Mediatori (OAM). According to a post by Nana Murugesan, Coinbase’s vice president of international and business development,…
Democratic Senator Elizabeth Warren is calling on Congress and the SEC to take a more assertive stance with crypto, in light of recent high-profile insolvencies from lenders like Celsius, Vauld, Voyager, and BlockFi. Warren told Yahoo Finance on Monday that “Congress needs to act, but the SEC has a responsibility to use its authorities to put guardrails in place and…
Grayscale Investment’s latest Insight report provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves. Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last 4 years or approximately 1,275 days. The firm defines…
De Nederlandsche Bank (DNB) has fined cryptocurrency exchange Binance 3.3 million euros ($3.35 million) for offering services in the Netherlands without the appropriate license. In a statement released on Monday, the regulator said that violations committed by Binance are punishable by a third category fine, meaning that the administrative fine has a base amount of €2 million ($2.03 million). For…
