Analysis News TheBitTimes.com

Today’s crypto market is experiencing a strong rally, driven by positive U.S. economic data and gains in American stocks. Specifically, Bitcoin has surged to over $62,000, marking an impressive 8% jump in just 24 hours. Meanwhile, Ethereum is riding high too, climbing 10% to hit $2,690. Additionally, Solana has joined the party, rising to $158, a solid 2.3% increase.  This surge is a welcome change from the recent slump driven by recession worries and a stronger Japanese yen. However, with investor sentiment now lifting thanks to a drop in unemployment benefit claims , the market is experiencing a broad and enthusiastic rebound.   Biggest Crypto Gainers Today – Top List In the midst of this exciting market rebound, today’s top crypto gainers are standing out with impressive performances. Injective has surged by 12.01%, reaching $17.71, thanks to its robust DeFi infrastructure and high liquidity. Ethereum is also making waves with a significant 10.45% incr...

Cryptocurrency lender Nexo is demanding $3 billion in damages from Bulgarian authorities . According to Reuters, Nexo wants to recover $3 billion in connection with a stalled criminal investigation derailing its plans for a U.S. stock market listing and a soccer sponsorship deal. Nexo representatives also claim that the investigation has damaged the company’s reputation and destroyed shareholder value. This is stated in a document submitted to the International Center for the Settlement of Investment Disputes (ICSID) of the World Bank. Searches at Nexo offices took place in Jan. 2023. Prosecutors accused the platform of money laundering, tax crimes, and computer fraud between 2018 and Jan. 2023. The company’s management vehemently denied all accusations of money laundering and other crimes. You might also like: Nexo sees 10% of assets withdrawn after police raid In Dec. 2023, the Bulgarian Prosecutor’s Office closed the criminal case against the cryptoc...