In an anticipated development, Dubai granted Binance, the globally prominent cryptocurrency trading platform, the necessary regulatory approval. The local entity of Binance, led by CEO Richard Teng, obtained its Virtual Asset Service Provider (VASP) license following Changpeng Zhao’s relinquishment of his voting rights within the exchange. According to sources who wished to remain anonymous, the … Read more
ADA was down by more than 23% over the last seven days. Most metrics and indicators supported the possibility of ADA testing the bull pattern. Just like many other cryptocurrencies, Cardano (ADA) saw its bearish traders in control as the price graphs continued to display red. Yet, signs of an uptrend began to emerge on … Read more
Bitcoin holders were still profitable, which threatened more selling pressure should the market uncertainty continue. The MVRV ratio’s predicted dip could take Bitcoin prices below the key $59k support level In April, the interest for Bitcoin (BTC) decreased noticeably. The expansion of demand and Exchange Traded Fund (ETF) investments dropped, but during the current month, … Read more
After the distribution of Omni tokens (OMNI) on the Omni Network using the ERC-20 standard, the token’s value decreased by more than 55% within approximately 18 hours, significantly reducing its total market worth. At the same time, a fraudulent token bearing the identical name has experienced a “pump and dump” scheme, causing its value to … Read more
Ethereum loses more ground on Bitcoin in NFT volume. Apecoin continues to decline. In simpler terms, while Ethereum [ETH] continues to be a key player in the Non-Fungible Token (NFT) discussion, current statistics show that its leading position may be shrinking somewhat. The token called ApeCoin, represented by the symbol APE, which is connected to … Read more
Binance, the biggest cryptocurrency exchange globally, is transforming a portion of its Secure Asset Fund for Users (SAFU) into Circle’s US Dollar Coin (USDC). This change means that USDC now makes up approximately 3% of its total circulating supply, held by Binance. On April 18, the company revealed that they would be transferring all of … Read more