In the realm of meme coins, the recent surge of the Apple-themed token, APPLE, has caused quite a stir in the market. With a staggering overnight increase of 76,928%, the price of APPLE skyrocketed following Apple’s latest product launches. Despite the meme coin having no official affiliation with the tech giant, its price action has
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In recent news, Robinhood Markets, a popular retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The company’s crypto division, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges of securities violations. CEO Vlad Tenev expressed his frustration with the
Recently, the Nigerian government announced its plans to remove the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. This decision was revealed by Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC). The move is part of a broader effort to address the manipulation of the local currency in
In the aftermath of the recent SEC crackdown on crypto firms, Bitwise Investments CIO Matt Hougan has raised concerns about the regulatory environment inadvertently favoring US crypto exchange Coinbase. According to Hougan, the current regulatory challenges create an “artificial moat” for Coinbase, giving the platform a competitive edge over its rivals. He believes that Coinbase
In the first quarter of 2024, Bitcoin mining firm Riot Platforms made headlines with a remarkable net income of $211.8 million, representing a staggering 1,000% increase from the previous year. This growth was fueled by a significant surge in Bitcoin prices, driving mining revenue up by 55.4% to $74.6 million. Despite this outstanding performance, Riot
Recently, the decentralized finance (DeFi) lending protocol Pike Finance fell victim to a smart contract vulnerability that resulted in the loss of $1.6 million over three days. The exploit took place on April 30 and impacted the Ethereum, Arbitrum, and Optimism chains. The attacker took advantage of a vulnerability in Pike Finance’s smart contract, allowing
In the volatile world of cryptocurrencies, the storage coin project Arweave (AR) recently experienced an 18.7% drop in value overnight. This significant loss comes amidst a broader crash in the market, which also saw the price of Bitcoin (BTC) plummet by 7%. At its current trading price of $27.76, Arweave is showing a 7-day loss
As of April 29, 2024, major cryptocurrencies are facing a bearish trend due to concerns about the US economy slipping into “stagflation.” This economic situation typically has a bearish impact on risk assets, leading investors to explore opportunities in altcoin markets. Bitcoin, the leading cryptocurrency, recently hit 10-day lows under $62,000 and remains in a
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