El Salvador’s President Nayib Bukele has announced that the country is moving its Bitcoin holdings into cold storage. This move aims to enhance the security of the nation’s digital assets. Cold Storage for Bitcoin Cold storage involves storing cryptocurrencies on encrypted external hard drives that are disconnected from the internet. This measure protects the assets…
Prison Time Recommendation Prosecutors are seeking a prison sentence of 40-50 years for Sam Bankman-Fried, the disgraced founder of FTX. This is despite sentencing guidelines that could lead to a life sentence for the 32-year-old. The prosecution argues that a lengthy sentence is necessary to deter others from engaging in financial misconduct and to protect…
Surge in Activity A surge in memecoin trading has sent the volume on Solana’s decentralized exchange (DEX) to record highs. According to DefiLlama, Solana’s volume hit $3.8 billion on Saturday, surpassing previous records. Rising Value Solana’s total value locked (TVL) has also soared to $4 billion, indicating the growth of the crypto ecosystem. Memecoin Success…
Ethereum as the Settlement Layer Crypto investor Chris Burniske believes Ethereum (ETH) has established itself as the “trusted settlement layer for crypto assets.” While other protocols like Solana (SOL) and Avalanche (AVAX) aim to compete with Ethereum, Burniske emphasizes that “being a settlement layer is not a path to success, it’s the result of success.”…
Massive Transfer Raises Questions A massive transfer of 1 trillion Shiba Inu (SHIB) tokens, worth over $28 million, has been detected by Whale Alert. The tokens were sent from an unknown wallet to the cryptocurrency exchange Gate.io. This move has sent shockwaves through the crypto community, with speculation swirling about its implications. Shiba Eternity Game…
According to Kris Marszalek, CEO of Crypto.com, Bitcoin (BTC) is currently in a bullish phase similar to December 2020. Comparing to 2021 Rally Marszalek analyzed data from retail investors and concluded that the current market conditions resemble those of December 2020, when BTC began a surge from $20,000 to over $60,000. Recent Pullback Despite Bitcoin’s…
Nigeria’s Securities and Exchange Commission (SEC) is planning to increase the registration fees for companies that deal with cryptocurrencies (VASPs). VASP Registration Fees Starting March 15th, VASP registration fees will jump from 30 million naira ($18,841.75) to 150 million naira ($94,208.76). This means a 400% increase. Other Fees Crypto exchanges and trading platforms will also…
Transaction Surge Shibarium, the blockchain from the creators of Shiba Inu, has hit an incredible milestone: over 411 million transactions. This shows how strong the platform is, even when the market is going through ups and downs. More and more people are using Shibarium, and more apps are being built on it. This has led…
Recent Price Action Cardano (ADA) has had a rollercoaster week, hitting a multi-month high before plummeting by 18%. This decline mirrors the bearish trend in the crypto market. Analyst’s Projection Crypto analyst Ali Martinez believes Cardano’s price will rebound from the recent downturn. He compares the current price action to a pattern seen in 2018-2021….
Houston resident Cindy Little claims JPMorgan Chase refused to reimburse her after scammers drained $7,900 from her account over three days. Suspicious Activity Ignored Little reported suspicious activity to Chase after receiving a text message about an unknown Zelle recipient. The bank acknowledged the fraud and reimbursed $1,000. However, a month later, Little received another…
