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Bitmex Group CEO: US Crypto Crackdown May Drive Top Talent to ‘Markets With More Regulatory Certainty and Lower Risk’
10.6.2023
Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,” Stephan Lutz, the group CEO and CFO of the crypto exchange...
Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims
9.6.2023
Major Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks Reduce Dollar Deposit Rates Major Chinese state-owned...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Close to $26,300 Support Level, Market Volatility Remains High
8.6.2023
Bitcoin consolidated close to a key price floor of $26,300 on Thursday, as a downward death cross sent the cryptocurrency lower. Overall sentiment in the market remains lower, with the global cryptocurrency market cap falling by 1.58% as of writing. Ethereum also declined, after nearing a move...
Solana Price Prediction as SOL is Deemed a Security by the SEC – Will the Charges Send SOL Lower?
6.6.2023
SOL, the cryptocurrency that powers the smart-contract-enabled, high-performance Solana layer-1 blockchain protocol, has just been deemed as a security by the US Securities and Exchange Commission (SEC).
In the past two days, the SEC has sued both Binance and Coinbase, two of the world’s largest...
Biggest Movers: XRP Remains Near Multi-Month High on Monday
5.6.2023
XRP remained near a multi-month high to start the week, despite cryptocurrency markets mostly tracking lower. The global market cap has fallen by 1.58% as of writing, due to today’s red wave. Litecoin was a notable token to fall, dropping by nearly 5%. XRP XRP, formerly ripple, remained near...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Start the Week Lower, as Market Volatility Remains High
5.6.2023
Cryptocurrency markets consolidated to start the week, with bitcoin trading below the $27,000 mark during today’s session. Volatility has been significantly higher in the past few days, as the unemployment rate in the United States surged to a multi-month high. Bitcoin Bitcoin (BTC)...
Meme Coin Pepe Sees Steep Decline in 30 Days, Losing 70% Since All-Time High
4.6.2023
According to statistics, the meme coin asset pepe (PEPE) still holds the third position in terms of the largest meme token market capitalization. However, PEPE has lost over 70% in value during the past 30 days. Pepe Value Slides 26% Lower Over the Past 2 Weeks The meme coin pepe (PEPE)...
Coinbase Expands Futures Offering, Unveils ‘Institutional-Sized’ Bitcoin and Ether Contracts
4.6.2023
On June 1, Coinbase revealed its plans to extend bitcoin and ether futures contracts to institutional investors through its derivatives exchange. The firm mentioned that the Coinbase Bitcoin (BTI) and Ether (ETI) futures contracts would be accessible via third-party institutional futures commission...
Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs
2.6.2023
According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall Lower, as US Consumer Confidence Hits 6-Month Low
31.5.2023
Bitcoin erased recent gains on Wednesday, as markets reacted to the latest points of U.S. economic data. One of which being consumer confidence, which dropped to a six-month low in May. Ethereum was also lower in today’s session, dropping below $1,900. Bitcoin Bitcoin (BTC) neared a breakout...
New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy
31.5.2023
The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the scrapping of a fuel subsidy which has been in existence...
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
30.5.2023
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin...
Russian State Duma Chairman: ‘US National Debt Is a Global Financial Pyramid’
28.5.2023
Vyacheslav Volodin, chairman of the Russian State Duma, the lower house of the Russian Federal Assembly, has stated that U.S. debt has become a “global financial pyramid” whose objective is to “deceive other nations and people.” Volodin also explained that the ability of...
Biggest Movers: Tron Rebounds Towards Fresh 1-Year High, MATIC Also Higher
25.5.2023
Tron was a notable gainer on Thursday, as the token edged closer to a fresh one-year high in today’s session. This came despite the global cryptocurrency market cap mostly trading lower, falling by 1% as of writing. Polygon also rebounded today. Tron (TRX) Tron (TRX) was marginally higher...
Bitcoin, Ethereum Technical Analysis: BTC, ETH 2% Lower, Ahead of FOMC Minutes
24.5.2023
Bitcoin was once again trading below a key resistance level of $27,000 on Wednesday, ahead of today’s U.S. Federal Open Market Committee (FOMC) minutes report. Markets are expecting that the minutes will show the Federal Reserve’s timeline towards a policy pivot. Ethereum was 2% lower...
First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies
22.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Biggest Movers: XRP Bulls Take Profits Following 6-Day Winning Streak
20.5.2023
XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend. XRP XRP, formerly ripple, remained...
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech
19.5.2023
Bitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell. Powell will be holding a discussion with former Chair Ben Bernanke at a conference in Washington. Ethereum was marginally lower today. Bitcoin Bitcoin (BTC) dropped below...
Biggest Movers: DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red Wave
17.5.2023
Dogecoin rose to a one-week high on Wednesday, despite cryptocurrency markets mostly moving lower. As of writing, the global crypto market cap is trading nearly 1% lower. Xrp also surged, climbing by over 6% in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) was able to climb to a one-week...
Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
16.5.2023
Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again...