Bitcoin Cements Dominance Over Gold, Records $23.6B Net Inflows
CoinGape (RSS)
Bitcoin’s ascent in the financial landscape has been nothing short of remarkable, as evidenced by the significant influx of capital into Bitcoin exchange-traded funds (ETFs). A staggering $23.6 billion has flowed into Bitcoin ETFs, excluding Grayscale’s GBTC, since the commencement of the year. This surge in investment contrasts starkly with the outflows experienced by global gold ETFs, which have witnessed a substantial $5 billion departure of funds in 2024 alone.
The impact of this shift is particularly notable in key regions such as North America and Europe, where gold ETF outflows amount to -$4.7 billion and -$1.4 billion, respectively. Such data underscores the growing dominance of Bitcoin as the preferred ...
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CoinGape (RSS)
Bitcoin’s ascent in the financial landscape has been nothing short of remarkable, as evidenced by the significant influx of capital into Bitcoin exchange-traded funds (ETFs). A staggering $23.6 billion has flowed into Bitcoin ETFs, excluding Grayscale’s GBTC, since the commencement of the year. This surge in investment contrasts starkly with the outflows experienced by global gold ETFs, which have witnessed a substantial $5 billion departure of funds in 2024 alone.
The impact of this shift is particularly notable in key regions such as North America and Europe, where gold ETF outflows amount to -$4.7 billion and -$1.4 billion, respectively. Such data underscores the growing dominance of Bitcoin as the preferred ...
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Binance Unveils BOME Listing Sparking Insider Knowledge Concerns
CoinGape (RSS)
In an intriguing turn of events, following a nearly 320% rally witnessed by the Solana-based meme coin BOME, Binance, the world’s leading cryptocurrency exchange, recently revealed plans to list the token on their platform, promptly garnering significant attention across the global crypto realm. Amid this eye-catching chronicle’s emergence today, a trader’s colossal BOME accumulation sparked concerns over insider knowledge as an unknown address withdrew 314 Million BONK yesterday, before Binance unveiled plans to list the meme token’s perpetual contract, followed by its listing.
This echoed a sense of frenzy across the broader crypto market as this trader remains poised to nab colossal profits. Meanwhile, the Book Of MEME crypto continues to make ripples across the cryptocurrency landscape, constantly surging upward as of press time.
Binance’s Listing Sparks Curiosity
According to Binance’s ...
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CoinGape (RSS)
In an intriguing turn of events, following a nearly 320% rally witnessed by the Solana-based meme coin BOME, Binance, the world’s leading cryptocurrency exchange, recently revealed plans to list the token on their platform, promptly garnering significant attention across the global crypto realm. Amid this eye-catching chronicle’s emergence today, a trader’s colossal BOME accumulation sparked concerns over insider knowledge as an unknown address withdrew 314 Million BONK yesterday, before Binance unveiled plans to list the meme token’s perpetual contract, followed by its listing.
This echoed a sense of frenzy across the broader crypto market as this trader remains poised to nab colossal profits. Meanwhile, the Book Of MEME crypto continues to make ripples across the cryptocurrency landscape, constantly surging upward as of press time.
Binance’s Listing Sparks Curiosity
According to Binance’s ...
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Why is BOOK OF MEME (BOME) Price Pumping?
CoinGape (RSS)
Following the recent crash in the crypto market, where Bitcoin price dropped to $65,000 from its all-time high, it is worth noting that BOOK OF MEME (BOME) took a different path and saw an upward trend. Ethereum price also experienced a decline of nearly 10%, trading below $4,000. Notably, meme coins like Shiba Inu and Dogecoin were also affected by the market crash. However, BOME witnessed a significant price surge of $170.35 in the past 24 hours, accompanied by a trading volume increase of 114.35%. As this new Solana-based token continues to capture market attention, it is essential to explore the factors contributing to its price surge.
Market Performance of BOOK OF MEME (BOME)
Meme coin entered the trading scene on March 14 at a price of $0.0009838. Within a span of 48 hours, its...
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CoinGape (RSS)
Following the recent crash in the crypto market, where Bitcoin price dropped to $65,000 from its all-time high, it is worth noting that BOOK OF MEME (BOME) took a different path and saw an upward trend. Ethereum price also experienced a decline of nearly 10%, trading below $4,000. Notably, meme coins like Shiba Inu and Dogecoin were also affected by the market crash. However, BOME witnessed a significant price surge of $170.35 in the past 24 hours, accompanied by a trading volume increase of 114.35%. As this new Solana-based token continues to capture market attention, it is essential to explore the factors contributing to its price surge.
Market Performance of BOOK OF MEME (BOME)
Meme coin entered the trading scene on March 14 at a price of $0.0009838. Within a span of 48 hours, its...
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Solana (SOL) Price To Hit $210 Or Correction To $180 Ahead?
CoinGape (RSS)
Solana price has hit a high of $198 after a 15% rally in 24 hours and 31% in a week. Solana even witnessed strong upside momentum despite a broader crypto market selloff on Friday. Top reasons behind the rally are Solana-based projects including meme coins and decentralized exchanges.
Solana Rises on its Genesis Day
“Solana Genesis Day 2024” marks four years of Solana launch on Mainnet Beta, with the primary focus to support smart contracts and decentralized apps. Solana’s total value locked (TVL) reached over $10 billion in November 2021, over a year after the launch. However, it fell after recurrent chain outages.
...
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CoinGape (RSS)
Solana price has hit a high of $198 after a 15% rally in 24 hours and 31% in a week. Solana even witnessed strong upside momentum despite a broader crypto market selloff on Friday. Top reasons behind the rally are Solana-based projects including meme coins and decentralized exchanges.
Solana Rises on its Genesis Day
“Solana Genesis Day 2024” marks four years of Solana launch on Mainnet Beta, with the primary focus to support smart contracts and decentralized apps. Solana’s total value locked (TVL) reached over $10 billion in November 2021, over a year after the launch. However, it fell after recurrent chain outages.
...
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Crypto Price Prediction: Top Altcoins To Watch Amid Market Correction
CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market on the weekend recorded a bearish note as the leading cryptocurrency Bitcoin plunged below The supply pressure in the last three days has triggered a market-wide correction evidenced by the 7-8% drop in Ethereum and XRP, a 5% drop in Cardano, and 9-11% fall in top memes coins Dogecoin and Shiba Inu.
However, it seems that industry experts take this downfall as a common retracement for buyers to regain strength. Moreover, the correction may validate the sustainability of an asset for higher levels and offer suitable entry opportunities before the next leap.
Furthermore, Bitcoin price continues to witness a notable inflow through ETFs as Wu Blockchain highlighted notable ETF movements on March 15th, reporting a total net inflow of $198 mil...
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CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market on the weekend recorded a bearish note as the leading cryptocurrency Bitcoin plunged below The supply pressure in the last three days has triggered a market-wide correction evidenced by the 7-8% drop in Ethereum and XRP, a 5% drop in Cardano, and 9-11% fall in top memes coins Dogecoin and Shiba Inu.
However, it seems that industry experts take this downfall as a common retracement for buyers to regain strength. Moreover, the correction may validate the sustainability of an asset for higher levels and offer suitable entry opportunities before the next leap.
Furthermore, Bitcoin price continues to witness a notable inflow through ETFs as Wu Blockchain highlighted notable ETF movements on March 15th, reporting a total net inflow of $198 mil...
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Cronos (CRO) Price Rallies 12% On Major Upgrade Announcement
CoinGape (RSS)
Cronos (CRO), the native cryptocurrency token of Cronos Chain developed by Crypto.com, has surged by a remarkable 12% in today’s crypto market. Meanwhile, this substantial gain comes on the heels of an electrifying announcement revealing a major upgrade poised to revolutionize the Cronos blockchain.
So, let’s delve into the details behind this surge and the implications of Cronos’ latest development.
Cronos Unveils Titan Upgrade
Cronos has set the crypto world abuzz with its recent unveiling of the upcoming Titan Upgrade, set to go live on March 26. According to the announcement, this upgrade marks a transformative enhancement poised to elevate the performance and functionality of the Cronos blockchain.
Meanwhile, the upgrade promises a flurry of groundbreaking improvements, including a significant boost in transaction processing spe...
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CoinGape (RSS)
Cronos (CRO), the native cryptocurrency token of Cronos Chain developed by Crypto.com, has surged by a remarkable 12% in today’s crypto market. Meanwhile, this substantial gain comes on the heels of an electrifying announcement revealing a major upgrade poised to revolutionize the Cronos blockchain.
So, let’s delve into the details behind this surge and the implications of Cronos’ latest development.
Cronos Unveils Titan Upgrade
Cronos has set the crypto world abuzz with its recent unveiling of the upcoming Titan Upgrade, set to go live on March 26. According to the announcement, this upgrade marks a transformative enhancement poised to elevate the performance and functionality of the Cronos blockchain.
Meanwhile, the upgrade promises a flurry of groundbreaking improvements, including a significant boost in transaction processing spe...
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SEC-Ripple legal battle intensifies: Key dates and expectations
Cryptopolitan (RSS)
As the longstanding legal dispute between the Securities and Exchange Commission (SEC) and Ripple unfolds, stakeholders eagerly anticipate significant developments in the coming weeks. With crucial deadlines looming, both parties are gearing up for a pivotal phase in the litigation process.
Ripple key dates approaching
The SEC’s opening brief is scheduled for submission on March 22, marking the beginning of a critical phase in the legal proceedings. Ripple, in turn, will have until April 22 to file its opposition brief. Following this, the SEC can submit a reply brief by May 6. These deadlines, outlined by former Federal Prosecutor James Filan, form part of the revised schedule for the remedies briefing.
The SEC’s request for a one-week extension, citing “good cause,” resulted in the adjustment of the deadlines. O...
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Cryptopolitan (RSS)
As the longstanding legal dispute between the Securities and Exchange Commission (SEC) and Ripple unfolds, stakeholders eagerly anticipate significant developments in the coming weeks. With crucial deadlines looming, both parties are gearing up for a pivotal phase in the litigation process.
Ripple key dates approaching
The SEC’s opening brief is scheduled for submission on March 22, marking the beginning of a critical phase in the legal proceedings. Ripple, in turn, will have until April 22 to file its opposition brief. Following this, the SEC can submit a reply brief by May 6. These deadlines, outlined by former Federal Prosecutor James Filan, form part of the revised schedule for the remedies briefing.
The SEC’s request for a one-week extension, citing “good cause,” resulted in the adjustment of the deadlines. O...
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Nigerian SEC proposes hefty fee increase for crypto exchange registration
Cryptopolitan (RSS)
In a significant development for the crypto industry in Nigeria, the Securities and Exchange Commission (SEC) has announced a proposal to amend the regulations that govern platforms offering crypto services. The proposed changes include a substantial increase in the registration fees for crypto exchanges.
Under the new guidelines, the fee for registering a crypto exchange would rise from 30 million naira ($18,620) to 150 million naira ($93,102), marking a 400% increase. This move by the Nigerian SEC comes amid the country’s rapidly growing interest in cryptocurrency and its efforts to establish a more regulated environment for digital asset trading.
The amendment also suggests adjustments to other financial requirements for crypto-related entities. For instance, the application fee for digital asset excha...
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Cryptopolitan (RSS)
In a significant development for the crypto industry in Nigeria, the Securities and Exchange Commission (SEC) has announced a proposal to amend the regulations that govern platforms offering crypto services. The proposed changes include a substantial increase in the registration fees for crypto exchanges.
Under the new guidelines, the fee for registering a crypto exchange would rise from 30 million naira ($18,620) to 150 million naira ($93,102), marking a 400% increase. This move by the Nigerian SEC comes amid the country’s rapidly growing interest in cryptocurrency and its efforts to establish a more regulated environment for digital asset trading.
The amendment also suggests adjustments to other financial requirements for crypto-related entities. For instance, the application fee for digital asset excha...
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Federal prosecutors recommend 40 to 50-year sentence for FTX’s Sam Bankman-Fried
Cryptopolitan (RSS)
Federal prosecutors have submitted a sentencing recommendation for Sam Bankman-Fried, the FTX founder convicted of fraud and conspiracy, proposing a prison term of 40 to 50 years.
According to a recent Bloomberg report, this recommendation was made to a federal judge in Manhattan ahead of the scheduled sentencing on March 28. This comes in contrast to defense lawyers’ plea for leniency, suggesting a sentence that does not exceed a single-digit number of years.
Bankman-Fried, aged 32, faced conviction in November on charges stemming from his cryptocurrency empire’s dramatic collapse. His businesses, once celebrated with Super Bowl advertisements and celebrity endorsements, were accused of misappropriating at least $10 billion from investors and cu...
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Cryptopolitan (RSS)
Federal prosecutors have submitted a sentencing recommendation for Sam Bankman-Fried, the FTX founder convicted of fraud and conspiracy, proposing a prison term of 40 to 50 years.
According to a recent Bloomberg report, this recommendation was made to a federal judge in Manhattan ahead of the scheduled sentencing on March 28. This comes in contrast to defense lawyers’ plea for leniency, suggesting a sentence that does not exceed a single-digit number of years.
Bankman-Fried, aged 32, faced conviction in November on charges stemming from his cryptocurrency empire’s dramatic collapse. His businesses, once celebrated with Super Bowl advertisements and celebrity endorsements, were accused of misappropriating at least $10 billion from investors and cu...
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