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Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities
7 hours ago 1 min read

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides, the introduction of Sum of Products (SOPs) optimizes script size and boosts smart contract execution speed on Cardano. Cardano founder Charles Hoskinson expresses his optimism about the significant steps Plutus

Pepe (PEPE) meme coin has seen a 65% surge in trading volume over the past 24 hours
8 hours ago 1 min read

Pepe memecoin experiences a remarkable surge of 150%, surpasses BONK

Pepe (PEPE) meme coin has seen a 65% surge in trading volume over the past 24 hours, surpassing Bonk (BONK) as the third-largest meme coin by market capitalization. The surge has also led to over 90% increase in trading volume to over $1.40 billion. This performance aligns with a broader rally altcoins, especially meme coins. These meme coins have collectively achieved an average gain of 10% in the past 24 hours, reflecting growing interest across various networks. Likewise, the resurgence of meme coins coincides with the overall crypto market’s recovery, influenced by Bitcoin’s (BTC) recent rally to surpass the $61,000

The market value of Bitcoin (BTC) had risen to $1.2 trillion
8 hours ago 1 min read

Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues

On February 28 2024, the market value of Bitcoin (BTC) had risen to $1.2 trillion, up 6.5% in the last 24 hours, and the price had soared above $61,000. This comes as the combined trading volumes of almost $3 billion propelled the price increase on Tuesday, and several traders pointed to the bitcoin halving event as a fresh narrative that caused a rally before the halves. Since the early hours , over $40 million worth of future bets on lower Bitcoin prices have been liquidated, which could have contributed to the price increase. Since then major tokens such as XRP,

Bitcoin ETFs see over $570M boost
9 hours ago 1 min read

Bitcoin ETFs see over $570M boost, marking a surge in crypto investment confidence

The crypto market is experiencing a significant surge in investment, particularly in Bitcoin Exchange-Traded Funds (ETFs). BitMEX exchange data shows that these ETFs secured over $570 million in new investments, marking the third-highest day for investments. Moreover, this influx amounts to around 10,168 BTC, indicating the growing trust and interest in crypto among investors. Furthermore, the trend continues to gain momentum, with investments rising by about $55 million from one day to the next. Note that BlackRock’s IBIT ETF saw an influx of $520 million in just one day, boosting its total investments to $6.5 billion. On the other hand,

18 hours ago 1 min read

Crypto markets sees over $150 billion inflow as Bitcoin price soars above $57K

Bitcoin’s (BTC) price soared over $57,000 following several days of trading aimlessly between $51,000 and $52,000, hitting to a 26-month high. The last time the largest crypto by market cap hit $57,000 was in November 2021 when the price hit an all-time high of around $69,000. Bitcoin jump also triggered surge in alternative coins. Cryptos like Solana (SOL) and Bitcoin Cash (BCH), also saw huge rises, with SOL surpassing $110 and BCH reaching $300. Despite a quiet 7-day period last week, BTC’s bull run restarted on Monday afternoon, with the price surging to over $53,500. It is noteworthy that Bitcoin

three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken
18 hours ago 1 min read

Ethereum whales moves $64M worth of ETH from major exchanges

Recently, three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken. This indicate a mix of security measures and investment strategies. The transaction that caught the attention of the crypto community involved an investor pulling 14,632 ETH, valued at around $45.5 million, from Binance exchange within a week, and staking the entire sum, indicating a strong belief in Ethereum’s future growth. On the other hand, Kraken exchange saw withdrawals totaling 6,000 ETH, worth $18.7 million, by two newly identified investors over two days. It is worth noting that another investor methodically

Bitcoin spot ETF's reaches 2.4B in trading volume
18 hours ago 1 min read

Bitcoin spot ETF’s reaches 2.4B in trading volume

On February 26, Bitcoin exchange-traded futures (ETFs) experienced a record-breaking surge in trade volumes, hitting $2.4 billion within 24 hours. This event was triggered by a significant rise in Bitcoin’s value above $56,000 USD, setting a new benchmark for the crypto market, particularly for the newly launched Bitcoin ETFs. In addition, the surge comes after simultaneous increase in Bitcoin’s price, suggesting a connection. This possibly drove investors towards Bitcoin ETFs as a more accessible investment option. Note that BlackRock’s iShares Bitcoin ETF contributed 55% (over $1B) of the total volumes, while other key players like Grayscale GBTC also contributed to

Binance Coin (BNB) price reaches $400
2 days ago 1 min read

Binance Coin (BNB) price reaches $400, marking a significant rebound despite Binance’s legal issues

Binance, the world’s largest crypto exchange, has seen its native crypto, BNB coin breaking the $400 mark for the first time since May 2022, surging by over 3%. This comes despite facing legal issues in the US. Trying to solve the issue, the exchange agreed to a $4.3 billion plea deal. This hefty sum was paid to address charges related to anti-money laundering and sanctions violations. In addition, Binance‘s legal issues stem from admissions of facilitating transactions for “terrorist groups” like “Hamas”, underscoring the gravity of their compliance lapses. Furthermore, the plea deal mandates the appointment of an independent compliance

will BTC hit a new all-time high
2 days ago 1 min read

Bitcoin hits $57K, up over 10% in 24 hours

Bitcoin (BTC), the king of crypto, experienced a 6% gain with the price reaching $57,000 for the first time since November 2021. The rally began with BTC taking out $53,000, and later rose above $54,000. After that, the price rose to $55,000, $56,000, and $57,000 levels, according to CoinMarketCap data. This move sparked significant activity in spot Bitcoin exchange-traded futures (ETFs), with a record-high of $2.4 billion in trading volume on Monday. Yesterday, MicroStrategy Incorporated announced it has increase its Bitcoin holdings by acquiring around 3,000 BTC for an estimated $155.4 million in cash, highlighting the firm’s continued confidence in

BitForex halts withdrawals for 3 days without giving notice
2 days ago 1 min read

This crypto exchange halts withdrawals for 3 days without giving notice

Hong Kong-based crypto exchange BitForex faced scrutiny after the company website went offline after the withdrawal of $57 million from its hot wallets on February 23. The exchange also halted withdrawal for at least 3 days. The incident was first reported by detective ZachXBT on X (formerly Twitter), raising concerns about the exchange’s operations. The BitForex team has not issued any official statements, leaving users seeking answers on X/Telegram. A month before the incident, CEO Jason Luo announced his departure, expressing confidence in the new leadership team’s ability to guide the exchange towards greater horizons. In addition, the sudden withdrawal

the price of Bitcoin (BTC) is hovering around $53,446
2 days ago 1 min read

Bitcoin (BTC) surges past $53k for first time since 2021 as trading volume soars by 30%

As of this writing, the price of Bitcoin (BTC) is hovering around $53,446. This is the first time it has broken the $53,000 mark since 2021. The largest crypto by market cap reached over $53,600, according to CoinMarketCap. With over a 3.8% increase over the previous 24 hours, Bitcoin was trading at $53,455 as of press time. Aside from Bitcoin, Ethereum, the second-largest crypto, has risen by over 4% from its intraday low and is now trading above $3,155. However, the ETH-BTC ratio is down 2.10%. This indicates the strength of the Bitcoin-led rise. Trading volume across the board went

Ripple (XRP) has released around 400 million XRP tokens,
2 days ago 1 min read

Ripple releases 400 million XRP tokens, valued at around $217 million

Ripple (XRP) has released around 400 million XRP tokens, worth around $217 million, according to Whale Alert. These unexpected transactions have sparked the curiosity of the XRP community due to its unusual timing. Traditionally, Ripple, the company behind the XRP token released around 1 billion XRP tokens from its escrow wallet on the first day of each month. However, only half a billion tokens were locked in escrow in February. This in fact led to speculation about the nature of the transactions. Note that Ripple’s token unlock strategy aims to ensure transparency and predictability in its supply chain. It is