Investors are constantly searching for reliable and feature-rich platforms that can enhance their online trading experience. Introduction With the rise of online trading, investors are constantly searching for reliable and feature-rich platforms that can enhance their trading experience. FinProfm has emerged as a strong contender in this space, offering a wide range of financial instruments, …
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The altcoin sector suffered “one of its biggest devaluations on record” amid the recent crypto market downtick, according to the digital asset analytics firm Glassnode. Glassnode notes in a new analysis that altcoins experienced significant sell-side pressure in recent weeks as Bitcoin (BTC) outperformed every altcoin subsector. “We can evaluate the magnitude of the drawdown …
Pi Network, a blockchain-based platform enabling users to mine PI coins, has set Feb. 20 as the launch date for its Open Network mainnet, according to a press statement obtained by CryptoSlate. This long-awaited transition follows several delays, with the project now claiming significant progress, including millions of KYC-verified users and a growing utility-driven ecosystem. …
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Japanese Bitcoin investment firm Metaplanet has secured $26 million (4 billion yen) through the issuance of zero-interest, unsecured, and unguaranteed bonds, according to a Feb. 13 statement. The company intends to use the proceeds to strengthen its Bitcoin reserves as part of its broader financial strategy. Fundraise Metaplanet said the funds were raised from EVO Funds …
The Cboe BZX Exchange has submitted a request to the US Securities and Exchange Commission (SEC) to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF), according to a Feb. 12 filing. If approved, the ETF would stake its Ethereum (ETH) holdings, allowing investors to earn staking rewards. Regulatory hurdles Staking is integral to …
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The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. In developed economies, accessing the U.S. dollar is a given. Investors rarely have to consider incorporating USD-denominated assets into their portfolios as the relative stability of their local economies provides a sufficient foundation for financial security. Contrast this to many …
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Tether, the largest company in the digital assets industry, announced a strategic investment in Zengo Wallet, a keyless yet self-custodial crypto wallet. Since its launch in 2019, Zengo has served over 1.5 million users without a single wallet being compromised, thanks to its innovative approach that eliminates traditional seed phrase vulnerabilities. The partnership will enhance …
While there are several theories about the cause of this, many revolve around Ethereum’s scaling path, adopting L2 structures that interfere with the burn mechanisms designed to prevent this. Ethereum Inflation Goes Positive: Are L2s Guilty? Ethereum, the second-largest cryptocurrency ecosystem in the industry, is experiencing widespread criticism due to its poor price performance and …
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Committed to enhancing the trading experience, Bitget offers innovative solutions such as its pioneering copy trading feature, enabling users to trade smarter. Vugar Usi Zade is the Chief Operating Officer (COO) of Bitget. He recently joined the Bitcoin.com News Podcast to talk about the market. He discussed Bitget’s significant growth, reaching 100 million users and …
Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital markets since 1999 due to defaulting on its debt. Clearing arrears would enable access …
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Avalon Labs is evaluating the launch of a bitcoin-backed public debt fund, exploring its alignment with SEC Regulation A. U.S. SEC Framework Could Provide Structure for Bitcoin-Backed Debt Fund Avalon Labs is pioneering efforts to expand bitcoin’s role in the financial sector by exploring a regulated bitcoin-backed public debt fund. According to a post on …
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The token was launched on pump.fun by 8chan’s former site administrator who announced it on Tuesday. Memecoin Hype Attracts 8chan Crowd Ronald Watkins, former administrator of controversial site 8chan, an online forum banned by service providers like Cloudflare for hosting child porn and publishing manifestos for at least three mass murderers who killed a total …
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Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC) amid a market downturn. In a new video, Pizzino tells his 348,000 YouTube subscribers that the “probabilities of a crash continue to increase” for Bitcoin and other crypto assets. According to Pizzino, one of the bearish signals he has observed is a falling …
The creator of a mobile gaming app that was later deemed to be a Ponzi scheme has been sentenced to many lifetimes in prison. An Istanbul court has sentenced Mehmet Aydin, the creator of Çiftlik Bank (“Farm Bank”), to 45,376 years in prison for embezzling large sums of money from hundreds of thousands of people. …
TLDR Ethereum surged 5.21% on Wednesday, breaking a four-day consolidation period and establishing key support at $2,680 Based on realized price bands analysis, Ethereum’s next potential target is $5,200, with strong support around $2,263 Network growth and daily active addresses show an upward trend despite recent market corrections, indicating sustained user interest Major institutions like …
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