Day: March 1, 2024

BNB Barrels Past $400, As Binance TVL Nears $5 Billion

Recently, the Binance Smart Chain emerged as the top Layer 1 platform with the biggest number of BNB users. There has also been a noticeable increase in its volume. The optimistic outlook for the cryptocurrency market as a whole has also contributed to BNB’s success. With a market capitalization of around $2.30 trillion, Bitcoin’s latest ascent beyond $63,000 suggests that investor confidence has increased. BNB Approaches $5 Billion TVL Total Value Locked (TVL) for BNB Chain increased steadily this year and is currently close to $5 billion. It’s crucial to remember…

Bitcoin will settle at $55k before setting new all-time high, Novogratz says

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Galaxy Digital CEO Michael Novogratz says he wouldn’t be surprised to see some corrections and consolidation in the crypto market before taking off to the new high. In a recent interview with Bloomberg, Galaxy Digital CEO Michael Novogratz highlighted the need for vigilance when dealing with Bitcoin (BTC) at present, indicating a possibility of short-term shifts in its trajectory. Expressing his concerns on the matter, Novogratz said he “wouldn’t be surprised to see some corrections and some consolidation.” “If it [Bitcoin] corrects, it might correct to the mid-$50,000s, before taking…

Regulated platform for trading crypto, tokenized shares, and indices

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ever thought it possible to seamlessly trade tokenized shares, indices, or commodities with cryptocurrency? Dzengi.com is a fully regulated cryptocurrency exchange that provides a variety of tokenized assets for trading. The Dzengi.com advantage  Dzengi.com caters to the diverse needs of investors with its fast, agile platform with a wide array of tokenized assets, including tokenized shares, indices, commodities, and cryptocurrency. Serving as a premier destination for trading a vast…

Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations

Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ordinals Market Registers Record Sale: Bitcoin Budgie Changes Hands for Over $1.1 Million in BTC

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Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin blockchain had been sold for 24.48 BTC (over $1.1 million), predicting that more sales will beat this record in […] Original

ADA Price Prediction – Here’s Why Cardano Surge Is Far From Over

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Cardano (ADA) is gaining pace above the $0.635 resistance zone. ADA is consolidating gains and might aim for more upsides above the $0.70 resistance. ADA price is holding gains and facing resistance near the $0.70 zone. The price is trading above $0.640 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.6350 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.6220 support.…

Binance salvages $4b in botched crypto deposits

Binance has recovered billions in bungled deposits following its $4.3 billion settlement with the U.S. Department of Justice. Crypto exchange Binance reported over $4 billion of rescued customer deposits initiated within the last two years as the company looks to improve its operations under new leadership amid a bull cycle.  The report found 381,616 cases of crypto tokens deposited to the wrong address between 2022 and 2023, with virtual currencies stuck due to project upgrades and sometimes because of incompatible assets. Binance Chief Security Officer Jimmy Su said similar cases…