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Fantom Token Soars as DeFi Usage Takes Off, Shiba Inu Crashes


href="https://cryptonews.com/coins/shib-shiba-inu/">shiba inu (SHIB) came crashing down hard, after a massive rise over the past week.At 11:21 UTC, FTM was up 27% over the past 24 hours to trade at a price of USD 2.32. The strong gains had positioned FTM as today’s best-performing token

Tether Hits Back at 'Outlandish' Report as USDT 'Mystery' Continues


lecoin-tether">report that it claimed was full of “outlandish anecdotes” and “character assassination.”Tether has previously claimed to have drawn a line under the matter of whether or not it actually has the funds it says underpins the USD-pegged token by publishing results of an “audit

Bitcoin Corrects Lower, Ethereum and Altcoins Struggle To Gain Pace


tradingview.com/symbols/ETHUSD/">ETH is trading well above USD 3,500 and it might accelerate higher if there is a break above USD 3,600. XRP failed to clear the USD 1.10 resistance and corrected lower. ADA spiked above USD 2.32, but there was no follow-through move.Total market capitaliz

Seoul to Hold Firm on Crypto Tax Launch, Suggests NFT Tax May Follow


dozen or so non-big four crypto exchanges are allowed to go bust.A number of online petitions have called on the government to reverse its bid to begin taxing crypto trading profits at a flat rate of 20% from January 1. Seoul will order tax filings from anyone earning over USD 2,1

Kraken Grants $150,000 BTC to Black Bitcoin Billionaire


Kraken announced on the 6th  of October that it would be granting a substantial amount of 150,000 dollars in Bitcoin to the cryptocurrency organization Black Bitcoin Billionaire. This organization is notable for increasing the heterogeneity in the world of crypto. To ensure that digital and crypto...

Ethereum's EIP-1559 Helped Coinbase Save ETH 27 on Daily Fees


target="_blank" rel="noopener noreferrer" href="https://cryptonews.com/ext/coinbase/">Coinbase, the upgrade has also brought more direct benefits for users, with the exchange so far saving about ETH 27 – or USD 92,000 – on gas fees every day.After the implementation of the new Ethereum Im

Bitcoin Is Single Digit % Away From Its Recent High of $52K


There is a reason for Bitcoin to become the leader and be considered a strong indicator of the sentiment across the entire cryptocurrency domain. After collapsing in a free fall selling pressure in September 2021, marking a 25% loss in a matter of three weeks, it was considered that BTC would...

Bitcoin Breaks USD 55K Resistance, Returns to USD 1 Trillion Market Cap


aded at 54,239, slightly down from its high above USD 55,000 reached earlier today. The price is up 9% over the past 24 hours, making it one of today’s best performers in the crypto market.BTC price chart:Source: Coingecko.comThe sharp price rise in the bitcoin price also led to a mark

Sky Mavis Raises $152M to Promote Play-to-Earn Model


Sky Mavis, the developer behind Axie Infinity, recently raised 152 million dollars to promote the play-to-earn revolution. The venture has decided to invest funds for the development and growth of Ronin and Axie Infinity. Axie Infinity welcomes any missionary who wants to join the cause. NFTs have...

Bitcoin Leads, Ethereum, Altcoins Show Mixed Results


bly start a fresh increase. ETH must settle above USD 3,550 to continue higher towards USD 3,700 or even USD 3,750. Similarly, XRP could accelerate higher if there is a close above USD 1.08 and USD 1.10. ADA is still facing a strong resistance near USD 2.32.Total market capitalizationSour

Bitcoin Extends Rally, Ethereum and Altcoins Remain Supported


eferrer" href="https://www.tradingview.com/symbols/ETHUSD/">ETH managed to spike above the USD 3,500 resistance before correcting lower. XRP is still trading below USD 1.08, while ADA is stable above USD 2.20, but it is facing resistance near USD 2.32.Total market capitalizationSource

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