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Biggest Movers: DOGE Extends Declines on Thursday, Falling by Nearly 9%
6.4.2023
Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level. Dogecoin (DOGE) Dogecoin...
Stablecoin Tether's Market Capitalization Nears Record High of $83B
6.4.2023
Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $28,000, as Markets Consolidate on Thursday
6.4.2023
Bitcoin was once again trading below $28,000, as markets consolidated ahead of Friday’s non-farm payrolls report. Payrolls are expected to come in at 240,000 for last month, with the unemployment rate in the U.S. remaining at 3.6%. Ethereum was also lower today, following an eight-month high...
Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong
6.4.2023
One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland....
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
6.4.2023
The firms were cited anonymously in the CFTC's complaint describing Binance’s alleged facilitation of U.S. clients
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
5.4.2023
The firm said it continues to invest in and grow its asset management business
Biggest Movers: XRP Rebounds on Tuesday, as AVAX Hits 1-Week High
5.4.2023
Xrp rose for a second consecutive session on Wednesday, as the token continued to move away from a recent price floor. Since hitting an eleven-month high a week ago, the token has mostly consolidated. Avalanche was also in the green, as prices hit a one-week high. XRP XRP, formerly ripple, was...
LayerZero Raises $120M in Funding to Expand Cross-Chain Messaging Efforts – Is the Bull Market Back?
5.4.2023
Blockchain development firm LayerZero Labs has raised $120 million in a Series B funding round for its interoperability protocol, valuing the firm at $3 billion.
The funding will go towards expanding the cross-chain messaging system that LayerZero Labs is working on, increased hiring, and...
Bitcoin, Ethereum Technical Analysis: BTC Moves Above $28,500 as ETH Nears $2,000
5.4.2023
Bitcoin broke out of a resistance level of $28,500 on April 5, as crypto markets continued to react to economic data from the United States. Job openings in the U.S. fell below 10 million for the first time since 2021, which comes as employers began to reduce hiring efforts. Ethereum moved closer...
Russians Spend More on Crypto than Gold, Says Central Bank – Crypto Bull Market Incoming?
5.4.2023
Russians are now spending more per household on crypto than gold and other precious metals, a Central Bank report has discovered.
The bank’s findings were compiled in a report named “A Nationwide Survey of Consumer Finance Households” (literal translation).
The report compiled a range of data...
Cardano Price Forecast as ADA Overtakes Dogecoin in Market Capitalization – Are Whales Buying?
5.4.2023
The bullish outlook for ADA, the primary token in the Cardano ecosystem, continues to climb to new ranks, toppling Dogecoin (DOGE) to become the world’s seventh-largest cryptocurrency.
ADA boasts $14 billion in market capitalization, slightly above the meme coin’s $13.6 billion. Dogecoin price...
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
Bitcoin's Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months
5.4.2023
The decline indicates renewed risk appetite in the crypto market
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
Ethereum's Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: Observers
5.4.2023
The 1 million instantly withdrawable ether has become a point of concern for the market
Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left
5.4.2023
Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an economy with no buyers, the only hedge will...
Binance Loses 16% of Market Share After End of Zero Fees on BTC Pairs and Rising Regulation Troubles
5.4.2023
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm.
That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s...
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High
4.4.2023
Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer
Is Dogecoin coming to Twitter? Watch The Market Report
4.4.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Dogecoin has been pumping and what it has to do with Twitter and Elon Musk