In a significant move that will impact numerous cryptocurrency enthusiasts, Binance has announced a plan to convert holdings of specific delisted cryptocurrencies into USD Coin (USDC) by April 28, 2025. This decision affects assets that are no longer supported on the platform, including Tornado Cash (TORN), Vai (VAI), and others. Notably, Binance has set a
Crypto
The cryptocurrency market is known for its inherent unpredictability, and recent trends have only amplified this aspect. Following a brief period of price increases, we are now witnessing a significant downturn. Most cryptocurrencies are currently engaged in a corrective phase that has eradicated the gains garnered over the previous days. Many enthusiasts and traders are
The Open Network (TON) has experienced remarkable growth in its journey, emerging as a layer-1 blockchain system associated with the popular messaging platform, Telegram. Recent reports highlighted that TON reached a significant threshold of 100 million unique wallet addresses with non-zero balances. This milestone indicates a staggering 95% increase in active user participation since the
Following an initial decline at the beginning of October, the Shiba Inu (SHIB) cryptocurrency has experienced a notable 4% price increase. This upturn comes amid a broader recovery in the meme coin sector, suggesting that speculative investor sentiment is reigniting. Initially, the market had anticipated a continuing upward trend—often affectionately dubbed “Uptober” by enthusiasts—after SHIB
On October 7, a startling event unfolded in the world of cryptocurrency, as Bitget’s BGB token experienced a dramatic 50% plunge in value. The token, which had been steadily trading at approximately $1.14, fell to as low as $0.64 within a matter of hours. This kind of sudden market movement is often alarming for investors,
In an era where cryptocurrencies are increasingly embraced by corporations, Metaplanet—often dubbed Japan’s MicroStrategy—has emerged as a formidable player in the Bitcoin investment space. Recently, the Tokyo-listed firm made headlines by purchasing an additional 108.786 Bitcoin for a substantial sum of 1 billion yen, approximately equivalent to $6.7 million. This acquisition underscores Metaplanet’s unwavering confidence
In an unexpected twist of financial dynamics, Premier League clubs are turning towards the cryptocurrency sector as a lifeline amidst tightening regulations on traditional gambling sponsorships. A recent Bloomberg report from September 7 highlights that these clubs have collectively secured a staggering $170 million through sponsorship agreements with various crypto firms for the upcoming 2024/25
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced the introduction of enhanced Anti-Money Laundering (AML) regulations aimed at increasing oversight of virtual asset service providers (VASPs). These updates come as a response to the rapid growth of the cryptocurrency market and the associated risks of money laundering and fraud. In order to tighten control
Wrapped Bitcoin (WBTC) has emerged as a pivotal player in the ecosystem of tokenized Bitcoin. Developed through a collaborative effort by BitGo, Kyber Network, and Ren, WBTC serves as a bridge, allowing Bitcoin to function within various blockchains such as Ethereum and Solana. This wrapping mechanism offers an innovative solution for users wishing to leverage
Recent developments in the cryptocurrency market have revealed a volatile environment for US-based Bitcoin and Ethereum exchange-traded funds (ETFs). Following a remarkable period of net inflows, a notable shift occurred that appeared to correlate with escalating geopolitical tensions in the Middle East. This week marked a steep downturn for both asset classes, culminating in pronounced
