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Biggest Movers: TON Leads Bears, as Price Nears Fall Below $2
27.10.2023
Toncoin was a notable mover on Friday, as the cryptocurrency edged lower for a second straight session. Price fell by as much as 4% earlier in the day, as price approached a breakout below the $2.00 mark. On the other hand, solana continued to trade around the $33.00 mark. Toncoin (TON) Toncoin...
Terrorism Funding Claims Contradicted by Lack of Evidence for Substantial Crypto Donations to Hamas
27.10.2023
Blockchain analytics company Elliptic refuted claims on Wednesday that Hamas received millions in crypto donations in the months leading up to its attack on Israel earlier this month. Elliptic stated in a blog post that there is “no evidence to support the assertion that Hamas has received...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Report
27.10.2023
Bitcoin slipped below the $34,000 level earlier in today’s session, ahead of the upcoming consumer sentiment report in the United States. Data on Thursday showed that the U.S. economy grew at a rate of 4.9% in Q3, largely driven by consumer spending. Ethereum moved below the $1,800 level...
UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules
27.10.2023
Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified since it imposed stricter marketing rules earlier this...
FTX Estate Initiates Second Tranche of Crypto Transfers, Shifting Millions to Centralized Exchanges
26.10.2023
On Thursday, the analytics firm Peckshield alerted the community to another transfer of crypto assets from FTX wallets to centralized exchanges. Nearly $20 million in digital currencies were moved after the estate transferred $8.6 million in cryptocurrencies to Binance earlier in the day....
Bitcoin Dominance Reaches 54% as Leading Cryptocurrency Sustains Rally Amid Spot ETF Optimism
26.10.2023
Bitcoin (BTC) ‘s market dominance has reached 54%, its highest level in more than two and a half years. According to data from TradingView, Bitcoin’s dominance currently stands at 53.76%, down by almost 1% over the past day. The chart shows that Bitcoin dominance reached as high...
Investment Banks See Uncertain Path Ahead as Middle East Crisis Unfolds
16.10.2023
Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is interpreting events on the ground and potential...
SEC Suffers Another Setback Against Ripple — What Next?
14.10.2023
On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read about the case, check out our earlier...
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
13.10.2023
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade...
Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20
29.9.2023
XRP was one of Friday’s notable crypto gainers, rallying to a one-month high earlier in today’s session. Bullish sentiment returned to end the week, with the global market cap trading nearly 1.5% higher as of writing. Solana also surged, moving back above the $20.00 mark. XRP...
Tether Reneges on Loan Promise: Lends $5.5 Billion in Stablecoins Despite Earlier Pledge
22.9.2023
Tether, the company behind the popular USDT stablecoin, has raised eyebrows in the crypto community by lending out $5.5 billion in stablecoins, despite its earlier promise to halt such loans by the end of 2023, according to a Wall Street Journal report.
This revelation has raised questions about...
Bitcoin, Ethereum Technical Analysis: ETH Drops Under $1,600, BTC Consolidates Below $27,000
22.9.2023
Ethereum continued to slip lower on Friday, as the cryptocurrency fell below the $1,600 level in today’s session. Crypto markets have mostly consolidated since the Federal Reserve opted to keep rates unchanged earlier this week, with the global market cap down nearly 1%, as of writing....
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near 2-Week High, Ahead of US Retail Sales Report
14.9.2023
Bitcoin neared a two-week high on Thursday, as markets looked ahead to today’s retail sales report in the United States. Sales are expected to rise by 0.2% in August, a drop from a 0.7% increase the month before. Ethereum remained in the green, moving back above a key support point earlier...
Bitcoin, Ethereum Technical Analysis: Volatility Returns to BTC, ETH During Friday’s Session
8.9.2023
After price climbing above the $26,000 level earlier in the day, bitcoin bulls have retreated from earlier positions, sending prices lower in the process. The decline comes after price collided with a key resistance point. Ethereum has also slipped, after moving closer to $1,700. Bitcoin Volatility...
Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
7.9.2023
According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges. This marks a significant shift from his earlier...
Bitcoin, Ethereum Technical Analysis: ETH Stalls Around Key Price Floor, as BTC Bulls Remain Sidelined
7.9.2023
Ethereum continued to trade around a key price floor of $1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session....
Coinbase Debuts Paypal’s PYUSD Stablecoin; Trading to Roll Out in Phases Pending Liquidity
31.8.2023
Coinbase has listed Paypal’s PYUSD stablecoin, following an announcement of its support for the digital asset just a day earlier. Should liquidity requirements be satisfied, the exchange plans to introduce trading pairs for the asset in stages. Coinbase Adds PYUSD Stablecoin Coinbase,...
LBank’s $PINS IEO Ends with 51,556,343 USDT in Investments, PINs Network (PINS) will be listed in the LBank Innovation Zone
31.8.2023
PRESS RELEASE. LBank recently concluded its Initial Exchange Offering (IEO) for the PINs Network project. The event secured a total investment of 51,556,343 USDT from 34,587 participants. This development followed a period of increased activity on LBank, largely due to the IEO’s specific...
Biggest Movers: SHIB, XRP Jump Higher on Saturday
26.8.2023
Shiba inu was one of Saturday’s notable gainers, as price rebounded from recent lows to start the weekend. Today’s rebound comes as the global crypto market cap moved into the green earlier in the session. XRP was also higher on Saturday. Shiba Inu (SHIB) Shiba inu (SHIB) moved away...
FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say
9.8.2023
Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas prevents adding further charges without prior permission...