Crypto news

Binance executive Tigran Gambaryan remained entangled in a legal battle with Nigeria’s Economic and Financial Crimes Commission (EFCC) with his bail application hearing being postponed yet again. The Federal High Court in Abuja adjourned his case after the EFCC’s lawyer requested more time to respond to new issues Gambaryan’s defense team raised. Gambaryan’s Appeal Adjourned According to a local news report by Nairametrics, the presiding judge, Justice Emeka Nwite, consented...

It may sound counter-intuitive that a decentralized network can generate a profit, but that is exactly what Ethereum has done so far this year. According to an April 18 Token Terminal report, the Ethereum blockchain generated a $369 million profit in the first quarter of 2024. If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year. 🚨 BREAKING: The Ethereum blockchain generated a $369.08M profit in Q1 ‘24. Wait, what?! How can a...

With the Bitcoin (BTC) halving only hours away, analysts are at odds over whether the one-in-four-years event is already “priced in” to the crypto market. According to Bitwise CIO Matt Hougan, the answer is yes – but it comes with some important nuance. The Bitcoin Halving And Efficient Markets In a Twitter thread posted on Friday, Hougan acknowledged that the halving is both “well-known” and predictable for all market participants. Specifically, at block 840,000, the newly...

[PRESS RELEASE – Seychelles, Mahe, April 19th, 2024] ScapesMania, a new project in the blockchain space, is set to engage with the burgeoning casual gaming market, which is projected to reach $19.12 billion by 2027 according to industry forecasts. Overview of ScapesMania Inspired by successful blockchain gaming projects during previous bullish market cycles, ScapesMania combines traditional gaming experiences with blockchain technology, creating a dual Web2 and Web3...

TL;DR Shibarium, Shiba Inu’s layer-2 scaling solution, released a new update to improve user experience and platform speed. Since its launch, the network has achieved notable milestones, including over 400 million transactions and a recent surge in daily transactions, which may positively impact SHIB’s price. Shibarium Keeps Progressing The team behind Shiba Inu’s layer-2 scaling network – Shibarium – revealed the launch of a new user interface (UI) update, describing it as...

Bitcoin’s fall to $61,000 over the weekend was a result of market participants reducing their exposure to the digital asset ahead of the halving slated for April 20, according to the latest CryptoQuant weekly report. Analysts said traders closed their long positions to take profits, and now, the volume of sell orders in the perpetual futures markets is dominating buy orders. This is evident in the Buy Sell Ratio, which has declined below one. The ratio rallies above one when...

TL;DR Ripple CEO Brad Garlinghouse emphasized the company’s commitment to global expansion despite regulatory challenges in the US. The firm’s progress may be fueled by a positive outcome of the trial against the United States Securities and Exchange Commission. Ripple’s Roadmap Brad Garlinghouse – Chief Executive Officer of Ripple – recently unveiled the company’s strategy for the near future. He assured that expanding globally remains a top priority while the regulators in...

Dubai, UAE, April, 2024 – CoinEx, a leading global cryptocurrency exchange, is honored to announce its sponsorship as a Gold Partner of Token 2049 Dubai on April 18-19, 2024. As one of the most influential blockchain and crypto events worldwide, Token 2049 gathers industry pioneers, investors, enterprises, developers, media, and other stakeholders to spark conversations that will shape the future of Web3. As a veteran exchange serving over 5 million users across...

A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities fraud, commodities manipulation, and wire fraud. “Avraham Eisenberg executed a manipulative trading...

2024 so far has made the cryptocurrency market popular. Early and new investors alike are making informed decisions, following up with trends and mitigating risk looking for the next best asset to invest in. The meme coin crypto community has been making gains in the crypto space recently, with investors farming coins and reaping huge returns from it. However, most of these meme coins only rely on hype and cannot provide real-world utility and sustenance. The BEFE...