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JPMorgan (JPM) is ending its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, according to a person familiar with the situation. JPMorgan, in 2020, took on Gemini and U.S.-listed exchange Coinbase as customers, the Wall Street Journal reported. Coinbase's banking relationship
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Yuga Labs’ controversial auction of its debut Bitcoin NFT collection concluded Monday, with 288 successful bidders bidding for as many pieces in the limited series, spending a combined $16.49 million worth of BTC. The collection, TwelveFold, garnered 3,246 total bids during the 24-hour auction, which began Sunday, according
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The U.S. regulator announced emergency action against investment adviser BKCoin Management in connection with an alleged fraud scheme. The SEC alleged on Monday that Miami-based BKCoin Management raised $100 million from at least 55 investors to plug into cryptocurrency—but instead used it to splash on luxury items and
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The price of Dogecoin (DOGE) is down another 1.7% over the day and almost 10% on the week, dropping to a two-month low of $0.073, according to data from CoinGecko. The world’s largest meme coin last traded at these levels on January 8 amid the resurging crypto
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Layer 1 blockchain network Near Protocol has launched a product-first operating system that developers can build into and users can interact on as a single platform. Illia Polosukhin, Near’s co-founder, announced this at the ETHDenver industry conference. The platform is intended to act as a common layer for browsing
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NFT sales volume skyrocketed in February to highs not seen since the onset of crypto winter last spring, according to data from DappRadar. Trading surpassed a whopping $2.04 billion last month, up 117% from $941 million in January. Those figures make February the best month the NFT market has
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Ethereum gas fees are gradually rising in response to the rebound of the non-fungible token (NFT) market. According to an on-chain analytic firm, Glassnode, the average cost of gas has topped roughly 20 gwei in the last nine months. In February alone, the fees reached 38 gwei, about 90% higher
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Market analysis has shown that Bitcoin is currently trading around $23,000 as the demand to sell is beginning to build among investors. This comes as the U.S. central bank has increased interest rates more than expected. The biggest cryptocurrency by market capitalization traded at $23,480 during the
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The past year was quite eventful for the cryptocurrency industry. The events were the crypto winter, the numerous hacks, and notably, the collapse of leading crypto exchanges. The year started with the decline of crypto prices from their all-time highs recorded between October and November 2021. By the end of
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In Nigeria, Bitcoin is now a big deal as many rely on it for global remittance. Nigeria is currently one of the leading countries in Africa in terms of Bitcoin. Being new, Nigerians don’t want to miss out on this technology. According to reports, over 33.4 million Nigerians
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Over the last decade, the popularity of Bitcoin has increased greatly. With more usage comes the blockchain trilemma. The trilemma is the idea that it’s difficult for three properties of the blockchain to be achieved simultaneously. These properties are scalability, security, and fees. To this end, the Bitcoin lightning
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As the technology industry advances, we’ve seen the development of several cryptocurrency-related projects such as decentralized finance, non-fungible tokens, Web 3.0, and several others. Currently, Artificial intelligence seems to be leading the way. While this happens, the major question in the minds of the teeming crypto enthusiasts is