The world of cryptocurrency is split on the value of meme coins, digital tokens inspired by internet jokes and pop culture. The Hype Train for Meme Coins Meme coins have soared in popularity, with tokens like Pepe and Dogwifhat seeing huge value increases thanks to online communities and celebrity endorsements. Some analysts see potential, but…
Binance’s Illegal Operations in Nigeria A Nigerian Central Bank (CBN) official has accused Binance of operating illegally in the country. The accusations come as part of an ongoing lawsuit against the cryptocurrency exchange. Binance is accused of violating Nigerian laws by: Offering deposit and withdrawal services, which are restricted to banks and financial institutions. Allowing…
US Lagging Behind Stuart Alderoty, Ripple’s Chief Legal Officer, has criticized the United States for its lack of clear crypto regulations. He emphasized the importance of “good” regulations at a recent forum in Switzerland. Alderoty believes the US has failed to meet this standard compared to other countries. This sentiment is shared by many in…
Ethereum Price Drop After a market crash on Friday, Ethereum’s price plummeted by 10%. This revealed some interesting information about Justin Sun’s Ethereum investments. Justin Sun’s Ethereum Holdings According to blockchain analytics platform Spot on Chain, Sun allegedly purchased 361,000 ETH (worth $1.1 billion) over the past five months. The investments were made through three…
Crypto analyst Michaël van de Poppe believes Chainlink (LINK) is set for a rally after a significant decline. Historical Pattern Points to Bullish Trend According to van de Poppe, LINK has historically experienced a bearish first six months followed by a bullish second six months. He expects this pattern to continue, leading to an uptrend…
A Solana-based memecoin, Billy, has defied the market downturn and surged over 30% in the past 24 hours. Exchange Listings Boost Billy The rally follows Billy’s listing on several crypto exchanges, including Bittrue, Bitget, MEXC, and Gate.io. These listings have increased the accessibility and visibility of the memecoin. Outperforming Other Memecoins Billy has outperformed other…
Growth Potential Macro guru Raoul Pal predicts a staggering 44x increase in the total crypto market capitalization, reaching $100 trillion by 2032. This exponential growth is attributed to the industry’s consistent rate of expansion. Wealth Generation Opportunity Pal emphasizes that this surge presents an unprecedented opportunity for wealth creation. With a current market cap of…
Crypto analyst Rekt Capital has predicted a potential peak for Bitcoin (BTC) based on historical trends. Halving Cycle Rekt Capital observed that Bitcoin tends to reach its peak 518-546 days after its halving event, which occurs every four years in April. In previous cycles, Bitcoin peaked 518 days after the halving in 2015-2017 and 546…
Repayments Underway Mt. Gox, once the biggest Bitcoin exchange, has finally started paying back its creditors after a decade-long wait. Creditors have started receiving Bitcoin (BTC) and Bitcoin Cash (BCH) in their accounts. Japanese Creditors First Japanese creditors have received their full share of BTC and BCH. However, creditors from other countries may have to…
Whales Dumping BTC Bitcoin whales, investors holding large amounts of the cryptocurrency, have been selling off significantly over the past month. According to on-chain data, these whales have sold a total of 30,000 BTC, worth over $1.65 billion. The selloff has accelerated in recent days, contributing to the recent decline in Bitcoin’s price. The “Supply…
