February 2024
Tron Addresses Top 95 Million: Strong Start to 2024 for the Blockchain Network
The Tron network has hit a record high of over 95 million addresses with non-zero balances, showcasing strong user growth.This surge in user activity coincides with a rise in DeFi adoption and a 40% price increase for TRX year-to-date. The Tron (TRX) network, a public open-sourced blockchain platform, has recently surpassed a significant milestone, reaching […]
Hold or Sell? Saylor’s Message Amidst Bitcoin’s Bullish Run
As Bitcoin (BTC) experiences a remarkable surge, surpassing the $63,000 mark and inching closer to its all-time high (ATH), Michael Saylor, a vocal proponent of the cryptocurrency, has issued a crucial message to the global BTC community. Hold Tight: Saylor Encourages Long-Term View Witnessing Bitcoin’s current price mirroring its historic peaks from April and November […]
Update: Binance Execs Held as Nigeria Flexes Regulatory Muscle
Two senior executives from Binance, a leading cryptocurrency exchange, have been detained in Nigeria, according to a report by the Financial Times on Wednesday. This development comes amidst a wider crackdown by the Nigerian government on cryptocurrency trading platforms. The report, citing individuals familiar with the matter, states that the executives flew to Nigeria following […]
Meta Accused of “Massive” Data Grab in Europe, Faces Fresh Charges of GDPR Violation
European consumer rights groups have reignited concerns over Meta’s data collection practices, accusing the company of illegally gathering information from hundreds of millions of users in the region. This latest development adds to the tech giant’s long history of regulatory scrutiny in the European Union (EU). Allegations of Excessive Data Collection and User Choice The […]
Coinbase Glitch Triggers Panic as Bitcoin Price Dips: User Balances Vanish, Market Recovers Quickly
On February 28th, following a significant rise in Bitcoin’s value, numerous Coinbase users reported a concerning situation: their account balances inexplicably dropped to $0. This unexpected glitch left users confused and searching for answers, with many taking to social media platforms like X (formerly Twitter) to express their concerns. Company acknowledges the issue and assures […]
Bitcoin Reaches Two-Year High: Five-Day Rally Fueled by ETPs and Halving Event Nears
Bitcoin continued its bullish run on Wednesday, logging its fifth consecutive day of gains and nearing the coveted $60,000 mark. This surge comes amidst a period of strong inflows into newly launched U.S. spot bitcoin exchange-traded products (ETPs), contributing to a remarkable 39.7% rise in February. If sustained, this would mark Bitcoin’s strongest monthly performance […]
XRP Price Jumps 4% on Whale Activity, SEC Appeal Delay Fuels Optimism
XRP’s price saw a 4.33% surge in 24 hours, fueled by both massive whale accumulation and positive market sentiment surrounding the SEC’s appeal to delay deadlines in the ongoing lawsuit. Large XRP transactions, including a 300 million XRP accumulation and a 24 million XRP dump, showcased active movement of the token. XRP, the cryptocurrency backed by […]
Flare Network Fuses Tokenomics Revamp with $35M Fundraise, Igniting FLR Token Rally
The Flare Network, an EVM-based Layer-1 blockchain, has taken significant steps to bolster its future growth and ecosystem development. These moves, including a tokenomics update and a successful $35 million fundraise, have been met with a positive response from the cryptocurrency community, reflected in a recent surge in the FLR token price. Reinvesting in the […]
Russia Halts Gasoline Exports to Prioritize Domestic Market Amidst Rising Prices and Ukraine Conflict
Russia has announced a six-month ban on gasoline exports, effective March 1st, 2024. This move aims to address rising domestic demand, particularly from motorists and farmers, ahead of the upcoming presidential election in mid-March. Additionally, the ban aims to facilitate necessary maintenance at refineries following recent disruptions caused by the ongoing conflict with Ukraine. Justifications […]
VeChain Poised for Takeoff? Major Announcement Fuels Price Surge and Community Excitement
VeChain, the blockchain platform dedicated to building a sustainable future, is on the cusp of unveiling significant news on February 28th. This highly anticipated announcement has sent ripples of excitement through the cryptocurrency community, with many speculating about its potential to propel the price of VeChain’s native token, VET, to new heights. Excitement Builds at […]