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Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction
17.4.2023
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year...
Biggest Movers: DOGE Jumps 6%, AVAX Hits 2-Month High on Monday
17.4.2023
Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high. Dogecoin (DOGE) Dogecoin...
Tether market cap eyes record high after regaining 65% stablecoin dominance
17.4.2023
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
17.4.2023
We would consider taking some profits as the crypto market is showing exuberant signs
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000 on Monday, as US Dollar Rallies
17.4.2023
Bitcoin started the week trading below $30,000, as the U.S. dollar strengthened during Monday’s session. USD/JPY rose to a one-month high, with the greenback also gaining against the euro and British pound. Ethereum was also lower, falling below $2,100. Bitcoin Bitcoin (BTC) dropped below...
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
Shiba Inu Price Prediction as SHIB Overtakes Binance USD in Market Cap - Can SHIB Reach $1?
16.4.2023
The crypto market is an industry filled with many fast-moving projects. Many blockchain projects see their position on the global ranking.
One such case is popular Dogecoin killer Shiba Inu which has recently overtook Binance-owned stablecoin BUSD.
At press time, the SHIB token is ranked 13th...
Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork
15.4.2023
Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March...
Biggest Movers: ADA Price Climbs for Ninth Consecutive Day
15.4.2023
Cardano rose to a fresh multi-month high on Saturday, as the token surged for a ninth consecutive session. The price is now up by over 15% in that time, cementing its place as the world’s seventh-largest cryptocurrency. Avalanche is also trading higher, hitting a two-month high in...
As TMS Network skyrockets with $4M in presales, BNB & Cardano brace for a new market contender
15.4.2023
In the cryptosphere, staying ahead of the competition is crucial. Binance Coin (BNB) and Cardano (ADA) have managed to outshine their rivals in the ever-evolving crypto market, but the new decentralized exchange TMS Network (TMSN) is dominating established players with a 2240% rise in value since...
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend
15.4.2023
Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consolidation. Following this week’s gains, traders have seemingly started to secure gains, with the global market cap down by 0.52% as of writing this. Bitcoin has fallen below yesterday’s peak...
Chia Network Files for IPO With the SEC, Eyes Public Listing
15.4.2023
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
15.4.2023
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide...
Spot Bitcoin Trading Volumes Remain Weak – A Threat to the BTC Bull Market Thesis?
15.4.2023
After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly.
According to data pulled from...
Bitcoin Price Outlook for April: BTC Hits $31,000, What Next?
14.4.2023
At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status...
Bitcoin Price Prediction as BTC Blasts Up 10% in a Week – New Bull Market Starting?
14.4.2023
The Bitcoin price has surged a remarkable 10% in just one week, sparking renewed optimism and speculation that a fresh bull market may be on the horizon. Bitcoin's value has been increasing over the past few days and has seen a significant increase in value of more than 80% since the beginning...
A recession is coming — Here’s how it’s fueling Bitcoin
14.4.2023
Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise
Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means
14.4.2023
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding
Biggest Movers: ADA Surges to 7-Month High, as XRP Extends Recent Gains
14.4.2023
Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano...