The decision by the bankrupt crypto exchange FTX to sell its Solana holdings at a significant discount to crypto venture firms has been met with strong disapproval from creditors. Reports have surfaced revealing that FTX sold as much as 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and
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On April 4, Binance made the decision to suspend Bitcoin Ordinals trades and deposits, sending shockwaves through the cryptocurrency community. The exchange advised holders of Bitcoin-based non-fungible tokens (NFTs) to withdraw their assets from the platform’s NFT marketplace by May 18, 2024. The reason behind this abrupt suspension was not disclosed, with Binance citing a
The crypto analyst, CrediBULL Crypto, has recently shared a bullish narrative for Ethereum (ETH), suggesting that the token could potentially reach an impressive price level of $20,000. He bases this forecast on his belief that Bitcoin (BTC) could experience a 2x increase from its previous all-time high of $69,000, which would consequently drive up the
In recent months, there has been a notable surge in the accumulation of Bitcoin by short-term holders. Glassnode reports indicate that these holders have acquired over 1.2 million BTC since December 2023, reflecting a growing interest in the cryptocurrency. This trend has caught the attention of investors, particularly following the introduction of Spot Bitcoin ETFs
In the volatile world of cryptocurrency, XRP has been struggling to maintain its position in 2024. As XRP holders witness a decline in value, many are turning to a new player in the market – eTukTuk (TUK). The potential for eTukTuk to offer 50x gains this year has caught the attention of investors looking to
Cryptocurrency analyst PlanB recently made a bold claim that Bitcoin will reach $100,000 this year, despite the current bearish sentiments surrounding the flagship cryptocurrency. In a video on his YouTube channel, PlanB expressed his confidence in this prediction, going as far as to suggest that $100,000 may just be the starting point for Bitcoin’s price
The recent court hearing for Binance in Nigeria on April 4 highlighted a glaring issue – the absence of legal representation for the cryptocurrency exchange. Instead of having legal counsel present, only the compliance chief, Tigran Gambaryan, attended the hearing. This lack of legal representation could potentially have serious consequences for Binance as they navigate
The arraignment of two Binance executives in Nigeria has been delayed until April 19, as the country pursues criminal charges against them. This legal battle began in late February when Tigran Gambrayan and Nadeem Anjarwalla were detained by Nigerian authorities. While Gambrayan attended a recent court hearing, Anjarwalla managed to escape captivity. The judge agreed
Recently, the newly-listed Ethena token (ENA) experienced a significant surge in its value, with a 13% increase in just 24 hours and a 53% overall surge since its listing on Binance. ENA is a governance token for Ethena’s decentralized finance (DeFi) protocol. The protocol offers a yield-earning dollar-pegged stablecoin called USDe, which boasts an impressive
Ethereum price is currently facing significant challenges as it attempts to recover above the $3,360 resistance zone. Despite showing slight signs of improvement, ETH is now displaying indications of further losses below the $3,300 and $3,250 levels. The hurdles near the $3,350 and $3,360 levels pose a significant threat to any potential upward movement. In
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