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The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand
17.11.2023
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity Committee is actively working on strategies to strengthen...
Ethereum Technical Analysis: ETH Slips 4%, Traders Eye Critical Support With Caution
17.11.2023
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on November 17, 2023, showcased a complex blend of factors...
Bitcoin Technical Analysis: $38K Resistance Level Holds BTC Back
17.11.2023
Between November 16 and 17, 2023, bitcoin (BTC) witnessed a notable shift in its value, exhibiting a price swing from $35,579 to $37,904 within a 24-hour span. Currently, the turbulent market activity has stabilized, with bitcoin trading at $36,387 per unit. Bitcoin On November 17, 2023, bitcoin...
Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG
17.11.2023
The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the evolution of Project Guardian, a series of tokenization...
Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate
16.11.2023
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required...
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
16.11.2023
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded fund (ETF) on Nasdaq. This development comes on...
Gaming Firm Boyaa Interactive to Add Bitcoin and Ether to Balance Sheet With $100M Investment
15.11.2023
Recently disclosed in a regulatory statement, Hong Kong-based Boyaa Interactive International Limited announced its plan to acquire cryptocurrency assets valued at up to $100 million. This publicly listed entity, known for developing and managing online card and board games through its various...
Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase
15.11.2023
As bitcoin hovers around $36,209, the cryptocurrency market braces for potential shifts. The day prior, BTC slid to a low of $35,109 per coin but has since managed to rebound back above the $36K range. Bitcoin’s market volatility intensified following the release of the consumer price index...
Spate of Robberies Targeting Swedish Bitcoiners Linked to the Country’s Unfit Privacy Laws
15.11.2023
A bitcoin-owning Swedish couple was recently the latest victim of robbers that appear to target prominent bitcoin and crypto personalities. One social media user said the spate of robberies may be linked to Sweden’s antiquated privacy laws which make it easy for criminals to obtain...
Foresight Ventures Acquires Majority Stake in The Block
14.11.2023
Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase the stake belonging to former CEO Mike McCaffrey, who...
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
14.11.2023
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend...
XRP Technical Analysis: Market Navigates Rumor-Induced Volatility
14.11.2023
In the wake of recent market rumors about Blackrock’s involvement with XRP, the cryptocurrency’s price experienced significant volatility. Today, XRP stands at $0.654, reflecting a dynamic interplay of market forces and investor sentiment. XRP’s Price Rollercoaster: Blackrock...
Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services
14.11.2023
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented...
Under New Leadership, Terraform Labs Acquires Cross-Chain Analytics Firm Pulsar Finance
13.11.2023
In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform’s former CEO Do Kwon remains incarcerated in Montenegro and a U.S. Securities and Exchange...
Polymarket Bets Favor Trump for GOP Nomination With an 81% Chance of Winning
13.11.2023
This week, the blockchain-based forecasting platform Polymarket’s figures indicate that Donald Trump is leading the race for the Republican nomination in July 2024. Trump is ahead of a group of 13 contenders, which includes a few not actively campaigning, in a betting pool worth $5.25...
Cboe Digital to Launch Bitcoin and Ether Margin Futures in 2024; Aims to Bolster Liquidity
13.11.2023
Cboe Digital has announced plans to offer margin futures trading for bitcoin (BTC) and ethereum (ETH) starting January 11, 2024. The initiative, which features a platform integrating spot and futures trading, has garnered backing from a slew of fintech and crypto firms. Cboe says the service...
Ethereum Technical Analysis: ETH’s Bullish Streak Meets Oscillator Caution
13.11.2023
Ethereum’s price action remains in the spotlight as it navigates above the $2,000 threshold, with key indicators suggesting a mix of neutrality and bullish signals. The digital currency’s recent upsurge reflects a growing bullish consensus among investors, despite some calls...
Bitcoin Technical Analysis: Traders Anticipate US Inflation Data Amidst Tight Trading Range
13.11.2023
The crypto market is abuzz with the prospects of bitcoin exchange-traded funds (ETFs), sparking a rush of investments in anticipation of their approval. Investors and traders are bracing for the U.S. inflation report due to drop on Tuesday, which historically shakes up market sentiment and could...
FTX Debtors’ Lawsuit Seeks Recovery of $935 Million ‘Fraudulently’ Transferred to Bybit’s Investment Arm and Others
13.11.2023
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is also accused of using FTX assets held on...
Ethereum Transaction Fees Climb 219% in 3 Weeks as Onchain Crypto Transfers Become Pricier
12.11.2023
Over the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22 to November 12, 2023, the average fee for ethereum...