The Turkish Lira (TRY) has emerged as the dominant fiat currency in Binance, signaling a notable shift in global dynamics and crypto adoption. According to Kaiko, a blockchain analytics firm, a staggering 75% of all fiat volume on Binance is denominated in Turkish Lira. This significant trend positions the Turkish Lira ahead of other prominent
Genesis, a prominent player in the cryptocurrency industry, has recently announced the closure of all its services. A report on September 14 unveiled the decision, stating that Genesis will no longer offer digital asset spot and derivatives trading through its subsidiary, GGC International, Ltd. (GGCI). This brings an end to all trading services provided by
The XRP price has been the talk of the cryptocurrency community lately, with numerous bullish predictions making headlines. One of the most striking forecasts comes from a pseudonymous crypto analyst known as Lord XRP, who believes that XRP could reach an astonishing $10,000. In this article, we will critically analyze this prediction and assess its
The cryptocurrency market experienced significant growth over the past 24 hours, with traders eagerly awaiting the latest U.S. inflation data and anticipating no monetary policy action. The combined market capitalization of cryptocurrencies reached a staggering $1.035 trillion, representing a 1.58% increase. Major cryptocurrencies like Bitcoin, Ether, and Solana all contributed to this surge. Positive Reaction
Bitcoin SV (BSV) is currently facing a tough battle with the descendant 20-day moving average (20DMA), which has become a strong resistance level since July 11. Despite an impressive +38% surge on August 29, BSV faced a swift rejection and has been consolidating below the 20DMA for the past 16 days. This sustained resistance, coupled
The European Parliament has given its approval to DAC8, a measure that will establish tax reporting requirements for cryptocurrency transactions across the European Union (EU). With a significant majority vote in favor of 535, 57 against, and 60 abstentions, the proposed rule has overcome its final legislative hurdle and is now on track to become
An early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) should not deter its eventual success, according to statements from Nasdaq executive Giang Bui on September 13th. BlackRock filed an application for a spot Bitcoin ETF on June 15th, with Nasdaq responsible for filing the proposed rule changes needed to list the product. However,
The cryptocurrency market has been buzzing with two breakout tokens – EmotiCoin (EMOTI) and Wall Street Memes (WSM). Both tokens have gained significant attention due to their unique tokenomics and potential for high returns. In this article, we will delve into the reasons behind the skyrocketing prices and the future prospects of these tokens. EmotiCoin
The recent departure of Brian Shroder, CEO of Binance US, has raised concerns about the future of the embattled crypto exchange. This news comes in the wake of a significant reduction in the workforce, with approximately one-third of employees being laid off. While Binance US claims that these actions will ensure its continued operation as
Binance.US, the US branch of the leading cryptocurrency exchange Binance, is undergoing significant changes as it announces the departure of the head of the organization, Brian Shroder. This development comes as the company plans to reduce its workforce by eliminating 100 positions. The decision is a direct response to the challenges that Binance has been