Author: Judith Faith

Article written by Judith Faith

Biaoqing Memecoin Hits New Heights In The Crypto Market

July 8, 2024 1 min read

Biaoqing, a new memecoin launched just two weeks ago, has experienced significant growth in the crypto market, reaching new all-time highs. The coin’s success can be attributed to its unique narrative, inspired by the popular Asian meme Biaoqing, which features a panda with a human face. Biaoqing aims to replicate the success of Western memecoins like Doge and Pepe by adapting this viral meme into the crypto space. The team

Despite market crash, retail investors’ support helps keep ONDO’s price stable

July 5, 2024 1 min read

ONDO crypto is currently holding just above the $1.08 support level, having tested this point three times in the last two weeks. Whales have been selling off large amounts of ONDO, with over $141 million worth sold in a single day. However, retail investors are helping to stabilize the price by holding onto their tokens. Retail investors, focused on holding (HODLing) rather than selling, have increased their mid-term holdings, with

PEPE’s price dropped 7.5% as a major whale sold 1.4 trillion tokens for Ethereum

July 1, 2024 2 mins read

The price of PEPE coin had a substantial decline on Saturday, eliminating a portion of its previous gains. The price plummeted to $0.00001088, indicating a significant decrease of 7.5% during a 24-hour period. This decrease is a component of a more extensive collapse in the market, but the involvement of large investors, known as whales, has exacerbated the situation. An entity with a significant amount of PEPE tokens, commonly referred

US spot Bitcoin ETFs see a rebound with $31 million in net inflows after seven days of outflows

June 26, 2024 1 min read

The US bitcoin exchange-traded funds (ETFs) saw a notable reversal on Tuesday, with $31 million in net inflows. This marked a departure from the previous trend of seven consecutive days of withdrawals from the 11 monitored funds. Fidelity’s FBTC demonstrated robust investor confidence by leading the way with $49 million in net inflows. BITB, a cryptocurrency managed by Bitwise, experienced an influx of $15 million, while HODL, a cryptocurrency managed

The Nigerian SEC launches a 30-day program to accelerate VASP registration

June 22, 2024 1 min read

The Nigerian Securities and Exchange Commission (SEC) has introduced a new initiative to expedite the registration process for Virtual Asset Service Providers (VASP) to improve the regulatory framework for the crypto market. The SEC raised VASP registration fees from 30 million naira ($20,161) to 150 million naira ($100,806) in March, aiming to enhance financial stability among VASPs. The Accelerated Regulatory Incubation Program (ARIP) was introduced on June 21, providing a

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

June 19, 2024 1 min read

Ethereum (ETH) witnessed a modest rebound in the worldwide crypto markets today, as its value surged by 6% to beyond $3,500. This increase came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the sale of ETH. Consensys Software, an Ethereum developer, has announced that the SEC’s Enforcement Division will not be taking legal action over the selling of ETH as securities transactions. Despite a substantial surge

Tether (USDT) to launch a Gold-backed stablecoin with overcollateralized reserves

June 17, 2024 1 min read

Tether, the most valuable stablecoin in terms of market capitalization, is introducing a new digital asset that will be referred to as aUSDT. This asset will be backed by over-collateralized Tether Gold (XAUT). The Alloy by Tether service includes a new category of tethered assets, and this is the first product that comes from that offering. Using stabilization measures such as over-collateralization with liquid assets and liquidity pools in secondary

Is altcoins season over or just starting?

June 17, 2024 1 min read

Altcoins are currently undergoing a substantial decline in the cryptocurrency market, while Bitcoin is maintaining a reasonably steady position. Although Bitcoin is currently trading below $66K, altcoins have experienced significant declines, completely eliminating the profits gained during the March rise. The prevailing market sentiment is pessimistic, as the demand for an upcoming cryptocurrency season is diminishing. The bearish trend can be attributed to two main factors: a 5% decline in

Will Toncoin (TON) Hit $10? This Analyst says ‘Yes’

June 14, 2024 1 min read

A potential 40% breakout for Toncoin (TON) has been discovered by crypto analyst Ali Martinez, with a target price of $11. The study, derived from thorough examination of charts released on X, presents a strong argument for the anticipated price movement of TON. This argument is supported by traditional chart patterns and Fibonacci retracement levels. The initial graph illustrates a traditional ascending triangle pattern, which is considered a positive indication,

Solana expelled validators for manipulating transactions to cheat retail traders

June 12, 2024 1 min read

Solana has expelled many validators from its delegation program as a result of their participation in sandwich attacks targeting retail users. These assaults are categorized as Maximal Extractable Value (MEV) attacks, in which malicious individuals modify transaction sequences to obtain more favorable prices for themselves, hence causing harm to retail traders. The Solana Foundation has implemented decisive measures against validators who made alterations to their systems in order to facilitate

Digital collectibles on Bitcoin (BTC) reaches a milestone of over $4 billion

June 5, 2024 1 min read

Digital collectibles on Bitcoin reached a milestone despite a 54% drop in non-fungible token (NFT) sales in May. On June 4, NFT data tracker CryptoSlam reported an all-time high of over $4 billion in Bitcoin blockchain NFT sales. It comprised $3.97 billion in NFTs and $82 million in wash sales. The greatest 30-day sales volume of blockchain-based NFTs was $171 million for Bitcoin. Ethereum was next with $159 million, then

This analyst predicts a historic surge for Bitcoin

June 3, 2024 1 min read

The crypto analyst TechDev anticipates a substantial surge in the price of Bitcoin, resulting in a blow-off top. According to his study, the trading range of Bitcoin on the five-day chart is now at its lowest level in eight years. This suggests that buyers are getting closer to the price levels set by sellers. TechDev use logarithmic Bollinger bands to examine the historical volatility of Bitcoin, which often leads to