In A Nutshell The UAE has made a significant leap in the world of cryptocurrency by enabling residents to directly trade Bitcoin (BTC) and Ether (ETH) using their local bank accounts. This groundbreaking integration, brought to the fore by crypto exchange M2, streamlines the process of converting UAE dirhams into these leading digital currencies and…
In A Nutshell The recent decline in Bitcoin’s price to $65,000 led to a significant washout of ‘late longs’, a term referring to the recent leveraged positions in Bitcoin futures. This event is marked by around $800 million worth of BTC futures open interest being wiped out, highlighting the volatility and the high-risk nature of…
In A Nutshell In the evolving landscape of Web3 gaming, the concept of play-to-earn (P2E) has been both celebrated and criticized. Despite facing substantial scrutiny and being labeled as a “flawed” system by some industry veterans, certain proponents remain optimistic about its potential. Among them is Luke Barwikowski, CEO of the Web3 MMO game Pixels,…
In A Nutshell The landscape for Notcoin [NOT] appears to be tilting further towards bearish territory, with both its price and market sentiment showing signs of continued decline. Over recent weeks, NOT has faced significant downward pressure, breaking below crucial support levels and suggesting potential further losses. This overview examines the factors contributing to Notcoin’s…
In A Nutshell The decentralized finance (DeFi) platform Compound Finance is currently embroiled in a significant governance controversy. A series of governance proposals have sparked allegations of a “governance attack” led by a voting bloc known as the “Golden Boys.” These developments have raised concerns about potential centralization and the manipulation of governance mechanisms within…
In A Nutshell Ethereum (ETH) exchange-traded funds (ETFs) have recently received regulatory approval, leading to a notable increase in selling pressure on the cryptocurrency. This development marks a significant moment for Ethereum, mirroring a pattern observed with Bitcoin ETFs. The question now arises: Will Ethereum’s price fall below the $3,000 mark as a result of…
In A Nutshell The transformation of Metaplanet and Semler Scientific from “zombie companies” to thriving enterprises is a testament to the transformative potential of Bitcoin in corporate finance. Following MicroStrategy’s pioneering approach, both companies incorporated Bitcoin into their balance sheets, resulting in significant stock price surges despite the inherent volatility of cryptocurrency investments. Revival Through…
In A Nutshell The Bitcoin market is gearing up for a significant event on July 26, with $5.5 billion in options set to expire. This event comes at a time when Bitcoin has faced substantial sell pressure from various fronts, including the distribution of funds from the Mt. Gox bankruptcy, sales by the German government,…
In A Nutshell The Bitget wallet has experienced a significant surge in popularity in Japan, becoming the second largest cryptocurrency wallet in the country, following MetaMask. This growth, particularly noted in the second quarter of 2024, is primarily attributed to the successful rollout of the Bitget Wallet Token (BWB). A strategic approach to user engagement,…
In A Nutshell On July 24, the once-dominant but now-defunct cryptocurrency exchange, Mt. Gox, initiated a significant transaction involving 5,106 Bitcoin (BTC), an equivalent of approximately $335 million. This considerable sum was distributed between the well-known exchange Bitstamp and an as-yet unidentified wallet address. The transfer is part of the ongoing repayment efforts by Mt….