Venture capital (VC) funding in the crypto space has experienced a surge in the first quarter of 2024, breaking a two-year downtrend. Both the total amount invested and the number of projects receiving VC funding have seen substantial increases since Q4 2023, according to data gathered by crypto analysis platform Crypto Koryo. The data shows a…
Read more
The price of Bitcoin (BTC) has surged above the $67,000 mark amid declining outflows from Grayscale’s Bitcoin ETF (GBTC). According to data from Farside, GBTC saw $79.3 million in outflows on Thursday, marking the third consecutive day of less than $100 million in withdrawals. Grayscale saw outflows totaling $81.9 million and $75.1 on Tuesday and Wednesday, respectively,…
Read more
Coinbase International Exchange has announced that it plans to list Worldcoin and Ordinals perpetual futures products on April 11. Coinbase exchange provides institutional clients with access to over 30 perpetual futures and spot markets and will add the perpetual futures, also known as perpetual swaps a type of derivative contracts. The Ordinals perpetual futures will…
Read more
Payments giant PayPal is bringing its native stablecoin PYUSD to fund cross-border money transfers with zero transaction fees. The Silicon Valley-based company announced the new feature on Thursday, powered by its money transfer platform Xoom. Per the release, the service will be available to US users starting April 4. The feature enables users to convert…
Read more
Google has filed a lawsuit against a group accused of defrauding more than 100,000 individuals worldwide by uploading fraudulent investment and crypto exchange apps to Google Play. The lawsuit, filed in the Southern District of New York, claims that the defendants engaged in multiple misrepresentations to deceive Google and upload their fraudulent apps to Google…
Read more
After hitting a $4 billion market cap last month, the Dogwifhat (WIF) price is pulling back sharply. The Dogwifhat price was last around $3.51, down about 4% in 24 hours as per CoinMarketCap. That gives the Solana meme coin a market cap of roughly $3.5 billion, down over 25% from last month’s peaks. The…
Read more
Franklin Templeton, a trillion-dollar asset manager, has recently highlighted the impact of Bitcoin Ordinals on innovation in the crypto space in a note to its investors. In a recent note, the company’s digital assets division, Franklin Templeton Digital Assets, introduced the concept of Bitcoin-based non-fungible tokens (NFTs). According to Franklin Templeton, the Bitcoin Ordinals protocol has…
Read more
Irina Dilkinska, former atty of the infamous OneCoin cryptocurrency scam, was sentenced to 4 years in jail on Wednesday. Dilkinska pled guilty last year for her role in helping launder $4 billion crypto fraud scheme in 2019. The co-conspirator has become the latest to receive a prison term in the multibillion-dollar crypto pyramid scheme. The…
Read more
In this report, we offer a complete Solana ecosystem analysis and SOL price action overview for March 2024, with a particular focus on the reasons for SOL’s meteoric price hike and the rise of meme coin trading on the blockchain. Key takeaways: SOL struggled to rally above $200, but on-chain and derivatives metrics indicated a…
Read more
With meme coins the best-performing sector so far in 2024, with the largest six tokens up between 100-2300% year-to-date, investors are hunting for meme coins to watch in April. The top six meme coins have each now been able to attain mammoth multi-billion-dollar market capitalizations. With meme coins the best-performing crypto sector year-to-date, investors are…
Read more
