On April 17, 2024, the value of Omni Network (OMNI) tokens plummeted by over 56% following its airdrop distribution and exchange listing. Consequently, anxious investors quickly sold off their tokens, causing a significant price drop. According to CoinGecko’s figures, the token’s worth plunged from $53 to $23 within just one day. OMNI Underperforms after Airdrop … Read more
Binance obtained a complete cryptocurrency license from Dubai’s regulatory authorities, granting them a Virtual Asset Provider (VASP) permit in the city. This news was shared by Binance CEO Richard Teng during an interview with Bloomberg on Thursday. According to sources who preferred to remain anonymous, Binance was able to secure this permit following Changpeng Zhao’s … Read more
Chiliz, a company specializing in blockchain technology for sports and entertainment, has teamed up with the UAE Pro League (ADNOC Pro League). The goal of this alliance is to enhance fan engagement and boost the recognition of the United Arab Emirates’ top professional football league through cutting-edge blockchain applications. Established in 2018, Chiliz specializes in … Read more
Lately, the green light for trading Bitcoin SPOT ETFs has resulted in substantial shifts within the market. Notably impacted by this development is Grayscale, a prominent player in the cryptocurrency industry. Grayscale’s Bitcoin Holdings Experience Decline Institutions led by Grayscale, renowned for managing the Bitcoin Trust (GBTC), previously held the largest market value of Bitcoins. … Read more
During the cryptocurrency market’s current volatility, leading exchange Binance Holdings Ltd made an important announcement regarding its Secure Asset Fund for Users (SAFU). With Bitcoin‘s halving approaching in 2024, Binance revealed that their emergency insurance funds have now been changed to USDC, a stablecoin backed by the US dollar and issued by Circle Internet Financial. … Read more
The globally leading cryptocurrency platform, Binance, intends to resume operations in India following a $2 million fine settlement. As stated by the Indian Economic Times, this move aligns with Binance’s goal of re-entering the dynamic and rapidly changing Indian market. However, the penalty is just one among several conditions that the exchange must meet to … Read more
At P2P.org, the non-custodial staking service provider, we’re excited to share that we’ve teamed up with SSV Network to introduce our new DVT-backed restaking solution for Ethereum. This partnership marks a major leap forward in Ethereum staking, providing a more secure, streamlined, and community-driven method. DVT-Powered Restaking Solution Enters the Market The collaboration between P2P.org … Read more
In light of increasing inflation fears and reduced predictions for Federal Reserve interest rate reductions in the US economy, Bitcoin‘s market remains robust, as indicated by Reflexivity Research’s comprehensive analysis. While analysts at Bank of America anticipate a 4.8% US CPI inflation rate by November 2024 elections, these conditions appear less promising for easier monetary … Read more
In the unpredictable world of cryptocurrency, Shiba Inu, the well-known meme coin, has drawn investors’ interest once more due to a significant price increase. However, it suffered a 4% decrease in value over the past day. The peak price for this memecoin reached $0.00002296 following a brief decline to $0.00002092 the day prior. Open Interest … Read more
The price of Chainlink’s LINK token dipped back down to the $12.00 support level. If it recovers, it may face resistance at $13.50 and $15.00. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). … Read more