crypto
Bitstamp has just announced the listing of Bonk meme coin with BONK/USD and BONK/EUR pairs being available for trading globally. Following the developments, Bonk has experienced a notable uptick in its price, trading at approximately $0.00002142 with a modest 1.4% increase. How does the Bitstamp listing affect Bonk?The decision to list Bonk marks a significant development for the Solana meme coin, potentially enhancing its liquidity and market visibility. Increased accessibility on a reputable exchange like Bitstamp will likely attract a broader base of investors and traders, leading to an inc...
Invezz
Crypto investors and traders everywhere celebrated when news broke this week that United States regulator, the Securities and Exchange Commission (SEC), is in the process of concluding and ending its investigation into Ethereum. This means that the SEC will not recognize ETH transactions as securities transactions. But, for those of us who aren’t US regulation lawyers, what exactly does this mean? Invezz spoke to three Ethereum experts: Greg Benhaim, portfolio manager at digital asset investment manager 3iQ, crypto influencer Aquarius Maximus and Fineqia analyst David Morrison, on what the mov...
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The crypto market might be gloomy but sentiment remains positive. The launch of the much-anticipated zkSync (ZK) earlier this week is at the heart of the market buzz. Worth noting is the SEC’s approval of ETH ETFs—the excitement still lingers. Following the recent market setback, Starknet (STRK) aims for $1.00, while Shiba Inu (SHIB) picks up steam. Meanwhile, as the search for cushions against market turbulence heats up, the Rebel Satoshi Arcade (RECQ) has entered investors’ radars. At the same time, its staggering growth potential means holders can as well kill two birds with a stone. Hence,...
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A local source revealed that Japan’s leading crypto exchange, bitFlyer, is negotiating to buy all shares of FTX’s Japanese subsidiary. Japan’s NHK news confirmed that the FTX firm is making adjustments as it prepare for business expansion and new acquisition. The deal, worth millions of dollars or billions of yen, will see bitFlyer management taking over FTX Japan. Nevertheless, the legal tangles and the mistrust among customers and investors likely challenge the deal. US regulators are closely watching the deal as it comes amidst FTX’s insolvency proceedings. bitFlyer will likely introduce ma...
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GEGE, a meme coin on the Solana blockchain, has today witnessed an astronomical rise in its price, soaring over 200% in just 24 hours. This explosive growth has captured the attention of the crypto community, driving a wave of speculation and interest. And as GEGE price continues to climb, it’s essential to understand what GEGE is and the factors contributing to its parabolic rise. What is GEGE coin?GEGE is a cryptocurrency built on the Solana blockchain, themed around a legendary one-eyed cat known as the One-Eyed Monarch. This One-Eyed Monarch character is shrouded in mystery and wisdom, bel...
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Nasdaq-listed software firm MicroStrategy (MSTR) has expanded its substantial bitcoin (BTC) holdings, acquiring an additional 11,931 BTC for $786 million. This latest acquisition further cements MicroStrategy’s position as the largest corporate holder of bitcoin. MicroStrategy’s bitcoin accumulation strategy Led by Executive Chairman Michael Saylor, MicroStrategy began its aggressive bitcoin accumulation in 2020. As of the end of April, the company held 214,400 bitcoins. With the recent purchase, the total now stands at 226,331 bitcoins, valued at just under $15 billion, given bitcoin’s curren...
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Bitcoin has not been particularly exciting for investors in recent weeks but experts continue to expect a regain in its momentum moving forward. Robert Kiyosaki expects Bitcoin to 5xAmong the bullish professionals is Robert Kiyosaki – the world renowned author of Rich Dad, Poor Dad. Kiyosaki still sees the world’s largest cryptocurrency by market cap as the fastest way to become a millionaire. In fact, he expects BTC to hit $350,000 by the end of 2024 that translates to about a 5x growth over the next six months. Once Bitcoin resumes its rally, the rest of the crypto market will likely gain st...
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A Nigerian court in Abuja has dismissed the human rights suit filed against the Nigerian authorities by Nadeem Anjarwalla, a Binance executive. Anjarwalla, the regional Africa head for Binance, and Tigran Gambaryan, head of Binance’s Financial Crime Compliance, were detained on February 28 after meeting with Nigerian officials to settle regulatory disputes. Background of the caseThe crackdown on cryptocurrency exchanges by Nigerian authorities has intensified in recent years. The Central Bank of Nigeria has particularly focused on Binance, accusing the exchange of currency manipulation and ill...
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Worldcoin (WLD), the crypto AI related project co-founded by OpenAI’s Sam Altman, is set to resume operations in Kenya after authorities ended their investigation into the project’s operations. On Thursday, Reuters reported that Kenyan police had suspended an investigation against Worldcoin. That probe began in August 2023 when Kenyan authorities alleged Worldcoin’s launch in the country had included illegal collection of users’ personal data. More developments had followed these investigations, with Worldcoin officials reportedly arrested and later released when they landed in the country. Ke...
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The upcoming launch of the Ethereum (ETH) Spot ETF on July 1, 2024, has created a buzz in the crypto markets. This ETF is expected to bring the second-largest cryptocurrency by market capitalization into mainstream brokerage accounts and attract institutional investors. What is the Ethereum (ETH) ETF?An exchange-traded fund (ETF) is an investment vehicle traded on stock exchanges that holds assets such as stocks, commodities, or bonds. The ETH Spot ETF is distinct because it is directly backed by Ethereum, meaning it holds actual ETH in its reserves. This setup allows investors to gain exposur...
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