Despite the broader crypto market being bullish in the past few days, the NFT industry has been battered by a sharp decrease in revenue across the board. According to CryptoSlam, NFTs sales volume dropped by nearly 31% since last month. This has been in complete contrast to the crypto market which regained lost ground from a disastrous 2022. Although several […]

Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey which polled 325 institutional investors, financial advisors, and fund managers […]

On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal.  Launched in 2019, Apex Crypto is an integrated trading platform that handles execution, clearing, custody, cost basis, and […]

Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.  The rebranding exercise aims to expand Halo Wallet’s focus from being […]

Bitcoin (BTC) remains in consolidation mode, trading within a fully formed range between $27,500 and $28,000. While the cryptocurrency has been unable to break through its toughest resistance wall, it has found solid support at the $27,000 level.  While the support level at $27,000 has given bullish traders hope for another attempt to reach the $30,000 mark, the potential for […]

As a result of a 30% surge in price, Dogecoin has now moved ahead of Cardano to secure the seventh position in the cryptocurrency rankings. This remarkable achievement was primarily driven by Elon Musk’s decision to replace Twitter’s traditional bird logo with the widely recognized Dogecoin symbol on the Twitter homepage. Popular meme-based cryptocurrency Dogecoin ($DOGE) was initially released on […]

Last week brought troubling news for the world’s largest crypto exchange, Binance. The United States Commodity Futures Trading Commission accused the company and its CEO, Changpeng “CZ” Zhao, of trading violations. According to the lawsuit filed by the CFTC, Binance has conducted transactions for U.S. customers without proper registration since at least 2019.  According to the CFTC, Binance obscured the […]

Cardano (ADA) is one of the cryptocurrencies that is still holding quite well despite the current crypto market climate. The digital asset has seen an incredible run since 2023 started and has not let up since then. As ADA continues to trend in the green, bullish indicators are piling up for the cryptocurrency, suggesting that its run is far from […]

On-chain data from Santiment shows the Dogecoin whales have added another 1.47 billion DOGE to their holdings in the year 2023 so far. Dogecoin Whales Been Accumulating In 2023 So Far According to data from the on-chain analytics firm Santiment, Dogecoin whales have added DOGE worth $123.1 million to their treasuries since 1 January 2023. The relevant indicator here is […]