Crypto news

In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny in Nigeria Binance traders in Nigeria on Tuesday, Feb. 20, complained that they were unable to buy...

TL;DR Ethereum’s recent price surge coincides with a shift towards self-custody and an anticipated blockchain upgrade. ETH’s valuation might also be positively impacted by regulatory developments, among other reasons. Abandoning Exchanges The price of Ethereum (ETH) has increased significantly in the past several weeks, recently surpassing the $3,000 milestone for the first time since the spring of 2022. Some on-chain metrics suggest that the asset might be poised for a...

Solana price started a downside correction from the $118 zone against the US Dollar. The price is now trading below $112 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $110 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $103 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a strong increase above the $50,000 zone against the US Dollar. The price is now trading above $50,500 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $51,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $51,000 support zone. Bitcoin price is showing positive signs above $50,000 against the US Dollar. BTC might...

A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB is developing a digital Euro CBDC with legal tender status functioning as a digital payment solution for Europe. However, concerns are...

In a recent development that’s making headlines, a complete set of 10 Autoglyphs has been acquired for 5,000 ETH, equivalent to approximately $14.6 million. This sale marks the highest NFT sale in the past two years and stands as the fifth-largest purchase on-chain, setting a new benchmark for the value of blockchain-based artworks. The Collection Facilitated by Fountain.xyz, a known brokerage specializing in rare digital art, the acquisition was made by a collector who,...

TL;DR Shibarium’s usage and growth metrics show strong adoption, with transactions and wallet addresses increasing. This growth could positively impact Shiba Inu’s price, which has seen a modest rise recently. Shiba Inu’s layer-2 blockchain solution – Shibarium – continues to make waves, frequently smashing various milestones. On February 19, daily transactions on the network surged to 3 million, whereas the number of total transactions surpassed the 360 million mark. Wallet...

[PRESS RELEASE – Singapore, Singapore, February 20th, 2024] ZeroLend, one of the fastest-growing DeFi protocols in 2024 is set to launch its native governance token ZERO in Q1 2024. Securing 3 million USD at a 25 million valuation, ZeroLend announces the successful closure of its Seed Round, with the Private Round rapidly filling up. Currently the largest protocol on zkSync and third-largest on Manta in terms of TVL, ZeroLend aims to lead these chains before moving to other...

[PRESS RELEASE – San Francisco, US/California, February 20th, 2024] The leading modular layer 2 blockchain for real-world assets (RWAs), Plume Network, has announced its official ecosystem map of RWA and infrastructure projects, setting the stage for unprecedented modular RWA adoption in web3. This deep array of technical, infrastructure, and compliance providers integrates seamlessly into Plume’s custom architecture to enable projects to speed through the convoluted process...

[PRESS RELEASE – Palo Alto, United States of America, February 20th, 2024] The joint organizers behind the first annual global Sui conference, Sui Basecamp, today announced the initial wave of confirmed speakers for the Parisian event taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of the developers and entrepreneurs building on Sui, the innovative Layer 1 blockchain and smart contract platform, and will feature speakers and thought leaders from all over...