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Binance Labs, the venture capital arm of Binance, has invested in Babylon, a Bitcoin (BTC) staking protocol. What is Babylon? Babylon is a protocol that allows users to stake their Bitcoins for proof-of-stake (PoS) blockchains. This means that Bitcoin holders can earn rewards without having to give up custody of their coins. Babylon is built…
Alleged Misappropriation A 31-year-old woman is facing charges for allegedly stealing $4.2 million in cryptocurrency. Authorities believe she diverted the funds from a company’s account into her own digital wallets. The funds were reportedly used to purchase items like a car, accessories, and white slippers. Investigation and Charges The investigation began after the company filed…
XRP Poised for Potential Upswing Closely followed crypto strategist Ali Martinez sees bullish signals for XRP. Tom DeMark (TD) Sequential indicator suggests a potential move to the upside. XRP could reach $0.63 or even $0.65 if it sustains a weekly close above $0.57. Solana (SOL) Shows Bullish Momentum TD Sequential indicator also indicates a bullish…
Sales Surge and Stumble After a major downturn in 2022-2023, the NFT market is seeing a resurgence. NFT sales surged in late 2022 but have since declined. Challenges include skepticism about blockchain gaming, uncharted financial territory, and doubts about NFT art’s value. Practical Applications NFT startups are emphasizing practical uses in gaming, finance, and art….
Nine newly launched US spot Bitcoin exchange-traded funds (ETFs) have quickly gained traction, collectively holding over 300,000 BTC in assets under management (AUM). This represents nearly 1.5% of the total BTC supply of 21 million. Rapid Growth and Investor Confidence Since their debut in January, these ETFs have attracted a total of 303,002 BTC, equivalent…
Typing Error Costs Crypto Exchange Hundreds of Thousands An Australian businessman has allegedly vanished after receiving an accidental deposit from a crypto trading platform in late January. The Victorian Supreme Court has frozen his assets as efforts to contact him have been unsuccessful. Mildura Resident Pockets Half a Million in Typing Error According to ABC…
Analyst Predictions Crypto analyst Altcoin Sherpa believes Ethereum (ETH) could soar to $4,000. Bitcoin Ape’s technical analysis also supports this prediction, indicating a strong bullish trend for ETH. Ethereum’s Bullish Momentum ETH has broken through several resistance levels in February, including the recent $3,130 mark. This suggests a sustained bullish momentum. Independent of Bitcoin’s Success…
Jurrien Timmer, a top analyst at Fidelity, believes Bitcoin (BTC) has the potential to take a significant portion of the market share currently held by gold. Monetary Gold and Bitcoin’s Market Cap Timmer’s analysis focuses on “monetary gold,” which refers to gold held by central banks and private investors as a monetary asset, excluding gold…
Former Goldman Sachs executive Raoul Pal believes Ethereum (ETH) is gearing up for a massive breakout against Bitcoin (BTC). Breakout of a Diagonal Resistance Pal shared a chart on social media showing that the Ethereum versus Bitcoin ratio (ETH/BTC) is on the verge of breaking above the diagonal resistance of a massive wedge on the…
