Recent data has revealed that throughout April, the nonfungible token (NFT) market has consistently seen more sellers than buyers, without a single exception. According todata from the analytics platform NFTGo, there were only 7,907 buyers on April 26, while there were 8,641 attempting to sell their NFTs. Days before, on…
Crypto scammers have been ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths. According to research from blockchain sleuths ZachXBT, one address, in particular, has launched “114 memecoin scams” in the past 45 days alone. In an April 26 Twitter thread, ZachXBT tracked…
The United States must implement stablecoin legislation and digitize the U.S. dollar to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the CE of stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on April 26 were made in light of the…
Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.” The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe. In an April…
Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier.…
Bitcoin’s (BTC) rally toward $30,000 led to more than $70 million in liquidations for short traders in the last 24 hours, according to Coinglass data. The overall crypto market saw roughly $145 million in liquidation during the period, mostly from traders who held short positions against BTC and other cryptocurrencies. Source:…
Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire which posted a final profit of $5.7 billion. While the $4 billion loss follows a $14 billion loss in 2022, Zuckerberg…
Bitcoin (BTC) fell to about $27,235 almost immediately after hitting a price of $30,000, leading to more than $170 million in liquidations. The largest cryptocurrency by market cap rallied toward $30,000 earlier in the day, which led to more than $70 million in liquidations for short traders in the last 24…
The price of Bitcoin (BTC) nosedived roughly 7% in just one hour, falling from $29,850 to $27,789, which media outlets reported was due to blockchain analytics firm Arkham Intelligence incorrectly sending out an alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of…
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