In a notable development in the cryptocurrency sector, a previously inactive wallet made a significant move on April 24th, as reported by COINOTAG News. The wallet, which had not seen any transactions for over five months, executed a withdrawal of 1.5 million USDC from Binance, subsequently allocating these funds to acquire 123,228 TRUMP tokens. This … Read more
Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April. In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation if their losses increased or profits decreased. The … Read more
This content is provided by a sponsor. PRESS RELEASE. Cryptocurrencies, meme coins, and artificial intelligence are at the center of a buzzing intersection, creating businesses and amusing stories that are captivating worldwide audiences. Two recent developments have stirred significant excitement among crypto enthusiasts, meme lovers, and AI followers alike. Donald Trump, in conjunction with the … Read more
Bitcoin ETFs continued their inflow streak on Wednesday, raking in over $900 million in fresh capital. However, despite the bullish ETF demand, Bitcoin’s open interest has dipped, and its funding rates have flipped negative, a sign that short-term market sentiment may be shifting. Bitcoin ETFs Stay Hot BTC spot ETFs continued to draw investor interest … Read more
Recent positive price action has propelled Bitcoin (BTC) above the short-term holders’ realized price of $91,000. This development has prompted some crypto analysts to question whether BTC’s newfound strength is sustainable – or merely a bull trap ahead of a major pullback. Is Bitcoin About To Rally Or Will It Double Top? US President Donald … Read more
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy consumption of these operations. The Ministry of Finance stated that it is still undecided whether these new regions will impose a full mining ban or only restrictions during the heating season. Russia Attacks Bitcoin Mining … Read more
Fintech giant Revolut has reported a record-breaking year, doubling its pre-tax profits to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading. According to its annual report published on Thursday, April 24, Revolut’s profits soared from 438 million pounds in 2023, while revenues jumped to … Read more
The proposed U.S.-El Salvador sandbox could pioneer real-world testing for tokenized assets like real estate and equity, aiming to modernize cross-border crypto regulation. Despite IMF pressure, El Salvador continues its strong commitment to Bitcoin, positioning it as a key player in global crypto adoption and regulatory innovation. In a groundbreaking move that could reshape international … Read more
Bitcoin has shown notable resilience, posting a 7.68% increase over the past month, while traditional markets experience declines. Despite its recent performance, experts remain cautious, assessing whether this upward trend will prove sustainable amidst macroeconomic pressures. “This backdrop favors Bitcoin as the ‘cleanest shirt in the dirty laundry,’” highlighted Bitfinex analysts in a recent market … Read more
Quantitative easing (QE), explained Quantitative easing (QE) is a non-traditional monetary policy tool used by central banks, particularly when interest rates are already low and cannot be reduced further. It was popularized during the 2008 global financial crisis when traditional monetary tools, like lowering interest rates, were insufficient to stimulate economic growth. The main goal … Read more