Shytoshi Kusama, the lead developer behind Shiba Inu, recently teased a significant announcement Shiba Inu, the famed meme coin that captured the attention of the crypto community, is making waves once again. Shytoshi Kusama, the lead developer behind Shiba Inu, recently teased a significant announcement, hinting at a new product or service in the works. As excitement mounts, let’s delve into the details surrounding Shiba Inu’s upcoming release and its impressive journey in crypto space. In a recent tweet, Shytoshi Kusama hinted at the team’s busy schedule, engaging in meetings and discussions with counterparts worldwide regarding the impending release. The…

Binance’s CRYPTO: Unveiling a fragrant revolution to empower women in the crypto space Binance, the leading blockchain ecosystem and home to the world’s largest cryptocurrency exchange, has recently made waves with its innovative marketing campaign, blending finance with fragrance in a move aimed at engaging more women in the crypto space. Dubbed “CRYPTO” perfume, this luxury scent initiative is being launched to coincide with International Women’s Day, representing a strategic effort by Binance to challenge existing perceptions around cryptocurrency and foster inclusivity within the industry. Led by Binance’s female marketing leaders, the CRYPTO campaign seeks to break down barriers and…

Bitcoin Corrects after ATH and drops below US$64,000 in volatile crypto market Bitcoin just underwent another of its infamous mood swings, shedding US$5,000 on March 5 shortly after reaching a new record high of US$69,200. This rollercoaster did not end there. In less than an hour, the cryptocurrency dropped by 6.7%. Observers, attempting to remain calm despite the pandemonium, interpreted this as part of the crypto cycle. Vijay Boyapati stated on social media that it is common for Bitcoin to take a step down after reaching a high since significant players frequently sell off at these peaks. This decrease, however,…

Binance’s response: Discontinuing NGN services amid Nigerian regulatory pressure Crypto News: Binance, one of the world’s leading cryptocurrency exchanges, recently announced the discontinuation of its services involving the Nigerian Naira (NGN). This decision comes amid growing regulatory scrutiny and legal challenges faced by Binance in Nigeria, a significant market for cryptocurrency trading. The discontinuation of NGN services by Binance includes the delisting of NGN spot trading pairs and the removal of NGN from its auto-invest tool and Binance Pay. Users have been advised to withdraw, trade, or convert their NGN assets into other cryptocurrencies before the service discontinuation takes effect.…

Explore the recent surge in Ethereum price and the corresponding increase in whale activity Ethereum’s (ETH) price surged past a crucial threshold, surpassing the US$3,700 mark, amidst a bullish rally in the cryptocurrency market. As the token continues its upward trajectory, we delve into its metrics to assess the sustainability of the uptrend and whether investors should anticipate a potential price correction. According to data from CoinMarketCap, ETH price experienced a notable increase of over 6% within the last 24 hours, propelling it beyond the US$3.7k mark. At the time of writing, Ethereum was trading at US$3,691.87, boasting a market…

Solana emerges as a powerhouse in decentralized finance (DeFi) with explosive growth in DEX activity Crypto News: In recent months, the decentralized finance (DeFi) landscape has witnessed an unprecedented surge in activity within the Solana ecosystem. Solana-based decentralized exchanges (DEXes) have particularly stolen the spotlight, boasting record-breaking trading volumes and impressive growth rates that have outpaced even established players like Ethereum. This surge in interest underscores Solana’s emergence as a formidable contender in the rapidly evolving world of DeFi. According to data from DeFiLlama analyzed by AMBCrypto, the period between February 25th and March 2nd witnessed Solana-based DEXes facilitating a…

Dogecoin’s price ascension: Unraveling its surge and navigating future challenges Crypto News: The recent surge in Dogecoin price has garnered significant attention from both investors and enthusiasts alike. Initially created as a lighthearted joke inspired by a popular internet meme, Dogecoin has defied expectations, rallying in value and sparking discussions about its future trajectory. As of the latest data, Dogecoin is trading at US$0.1819, marking a remarkable 12.91% increase over the past 24 hours and a staggering surge of 103.84% year-to-date. The recent price action in Dogecoin is emblematic of the bullish sentiment permeating the cryptocurrency market, with investors flocking…

XRP surges beyond US$0.64 after Ripple’s legal victory: Bulls celebrate as momentum builds The XRP price rose beyond US$0.64, setting a new high for 2024, as Ripple won another lawsuit against the SEC. The judge dismissed the SEC’s request to view Ripple’s legal communications, giving the business a huge advantage in the current litigation. XRP holders reacted positively to the news, increasing the demand for the cryptocurrency. The SEC and Ripple lawsuits began in December 2020, when the SEC filed a complaint against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen, alleging that they generated more than US$1.3 billion through…

Let’s delve into the factors driving Bitcoin surge and the implications of increasing whale activity Bitcoin, the world’s leading cryptocurrency, has surged past the US$67,000 mark, signaling yet another milestone in its remarkable journey. With the price standing at US$68,444.48 and registering a notable 24-hour gain of 7.54 percent, Bitcoin’s upward trajectory continues to captivate investors and analysts alike. Let’s delve into the factors driving this surge and the implications of increasing whale activity within the network. Institutional Demand and Spot Bitcoin ETFs Fuel Positive Sentiment The current surge in Bitcoin’s price is underpinned by a myriad of factors, including…

Tether’s USDT surpasses US$100 Billion milestone amid Bitcoin boom: Introducing new security measures Crypto News: Tether Holdings’ USDT stablecoin has reached a significant milestone, surpassing US$100 billion in circulation and market capitalization, a feat unprecedented in the realm of stablecoins. This achievement is largely attributed to the heightened demand for Bitcoin, which is presently trading at a staggering US$66,000, marking its highest value in over two years. Tether’s dominance in the stablecoin sector stands at an imposing 70%, with its closest competitor, USDC, trailing behind at 19.4%. The ascent of Tether’s USDT is underpinned by its strategic reserve management, with…