The Biden administration is facing mounting pressure to intervene in the detention of Tigran Gambaryan, a former U.S. federal agent specializing in cryptocurrency, and Nadeem Anjarwalla, a Binance executive, by the Nigerian government. The Chamber of Digital Commerce, a prominent industry organization, has urged for urgent diplomatic action to secure their release. Arbitrary Detention Raises […]
Solana, the blockchain platform known for its high-speed transactions and scalability, has surged to new heights in the cryptocurrency market. On Friday morning in Asia, Solana’s market capitalization soared to an unprecedented $81.1 billion. This is after surpassing its previous peak of $77.4 billion recorded in November 2021. The price of Solana experienced a notable […]
In a significant legal development, a UK judge has dismissed Dr. Craig Wright’s assertion of being the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Judge James Mellor’s ruling categorically refutes Wright’s claims. He delivers a blow to his longstanding assertion of being the mastermind behind the world’s leading cryptocurrency. Decisive Ruling Debunks Wright’s Claims Contrary to […]
In a strategic move to secure its digital assets, El Salvador has transferred a substantial portion of its bitcoin holdings to a cold wallet, as revealed by President Nayib Bukele. The decision underscores the nation’s commitment to fortify its position in the realm of cryptocurrency. This is signaling a significant development in the country’s financial […]
Bitcoin faced a sharp decline today, dropping below the $69,000 mark after reaching an all-time high just days ago. The significant pullback was attributed to various factors, including a substantial movement of over $400 million in Bitcoin by Grayscale. In fact, decline in Bitcoin’s price coincided with the release of hot inflation figures by the […]
In a recent research note, global asset management firm Franklin Templeton has shed light on the significant relationship between meme coins and their native blockchain networks. Despite their notorious volatility and lack of inherent value, meme coins maintain a robust connection with networks such as Solana, Ethereum, Arbitrum, Polygon, and Optimism. Strong Relationship with Native […]
As Bitcoin continues its relentless price rally, the stocks of many Bitcoin mining companies are experiencing a downturn. Despite Bitcoin’s price surge, mining behemoths like Marathon Digital, Riot Platforms, Bitfarms, and Bitdeer have seen their stock prices decline by around 20% over the past month. Even Hut 8, Core Scientific, and Cipher Mining have not […]
European fund manager CoinShares has finalized its acquisition of Valkyrie Funds LLC. It is initially marking a strategic move to expand its presence in the American market. The acquisition grants CoinShares sponsorship rights to Valkyrie’s newly launched Bitcoin ETF, solidifying its foothold in the U.S. financial landscape. CoinShares CEO Jean-Marie Mognetti emphasizes the significance of […]
In the face of a broader market downturn triggered by hotter-than-expected U.S. inflation data, Bitcoin continues its ascent, undeterred by the negative sentiment affecting stocks. Despite major equities slipping, the leading cryptocurrency sustains its upward trajectory, showcasing resilience amidst market volatility. Bullish Momentum Prevails Bitcoin, often considered a hedge against inflation, remains buoyant with a […]
In the past 30 days, Ether (ETH) has seen an impressive 58% rally, outperforming the broader cryptocurrency market by 14%. Despite struggling to sustain levels above $4,000, Ether hit its highest price in over two years, narrowing the gap with Bitcoin (BTC), which currently sits at $73,178. ETF Optimism and “Sell the News” Scenario Speculation […]