Global #cryptocurrency

During the current market downturn, significant crypto whales have seized the opportunity to accumulate substantial amounts of the memecoin Pepe (PEPE), with transactions amounting to approximately $5.56 million.

Dubai, April 17, 2024 – Despite facing an unprecedented storm, the 12th edition of the Blockchain Life Forum, renowned as the premier gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees.

The price of bitcoin suddenly collapsed, falling 3.5% in a single day. However, most popular altcoins had even worse luck.

Matthew Dixon, CEO of Evai, a cryptocurrency rating platform, suggests that a significant drop in the Consumer Price Index (CPI) could potentially trigger a notable upward movement in the price of XRP.

Chainalysis, a prominent player in blockchain data analysis, has relocated its regional headquarters to Dubai, deepening its collaboration with local government bodies.

BlockFi, a centralized cryptocurrency lender, has recently closed its web platform and chosen Coinbase as its partner for facilitating customer fund withdrawals.

Bitcoin (BTC) has been lingering around the $62,000 price mark for an extended period. Nevertheless, there is a possibility of the situation worsening for the leading cryptocurrency in the near future.

A well-known cryptocurrency analyst named Javon Marks, active on the microblogging platform X (formerly Twitter), recently suggested that the price of Cardano's native token ($ADA) could experience a substantial surge of over 1,500% in the near term.

The group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has rectified their actions by returning all 22,960 Ethereum (ETH), valued at approximately $66.88 million, to the victim's address.

The U.S. Securities and Exchange Commission (SEC) has outright rejected cryptocurrency exchange Coinbase's request for an interlocutory appeal regarding the application of conventional securities regulations to digital assets.

Ethereum has shown a tumultuous pattern of price fluctuations, initially dropping below the $3,000 mark in recent days before bouncing back above it.

JPMorgan Chase, the leading US bank, has disclosed its investment in spot Bitcoin exchange-traded funds (ETFs) in a recent submission to the Securities and Exchange Commission (SEC).