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Cardano Price Prediction as ADA’s Social Dominance Reaches 6-Month High – Can ADA Reach $10?
11.12.2023
Amidst the dynamic cryptocurrency market, Cardano (ADA) has become a prominent topic of discussion, witnessing its social dominance climb to a six-month high. As of now, the live Cardano price stands at $0.55310, with a trading volume of $1.2 billion over the past 24 hours. Despite a 6% decline...
Bitcoin Technical Analysis: Bears Take the Reins Clawing BTC’s Price Back
11.12.2023
On Monday, the valuation of bitcoin experienced a 3.3% decline within the past day, falling beneath the $42K threshold. Currently positioned at $42,224, bitcoin’s valuation is undergoing a marked shift in the cryptocurrency landscape on Dec. 11, 2023, just two days prior to the forthcoming...
Google Says It Has Updated Policy Relating Crypto Coin Trusts Adverts
11.12.2023
Starting on Jan. 29, advertisers of cryptocurrency coin trusts targeting the U.S. market will have to meet certain requirements before promoting these on Google. According to the internet giant, violation of this new policy will not result in the immediate suspension of advertisers’ respective...
The Sandbox introduces CATALYSTs, ERC-1155 tokens
11.12.2023
The Sandbox has announced the launch of CATALYSTs. These are ERC-1155 tokens that will enable participants to mint their collections. Moreover, owners of the minted assets will have the option to define rarity and properties. It is important to note that only a single asset can be minted with...
Market Dip Indicates Deleveraging Rather than Fundamental News: Crypto Analyst
11.12.2023
Source: Adobe Bitcoin’s brief but sharp tumble toward $40,000, accompanied by a broader selloff in the crypto market, signals a potential deleveraging phenomenon rather than a fundamental news catalyst. On Monday, the largest cryptocurrency plunged as much as 7.5% to $40,521 before...
Coinbase, Conio, Partner to Provide Crypto Services to Italian Banks
11.12.2023
Source: AdobeStock / gguy Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets. Conio said it has added Coinbase Prime as a liquidity provider and the agreement...
Google Ad Change Policy Specifically Targets Cryptocurrency Coin Trusts – Here’s the Latest
11.12.2023
Source: Pixabay Silicon Valley tech giant Google is updating its crypto ad policy to improve its advertising standards, effective January 29, 2024. The revision, specifically, targets Cryptocurrency Coin Trusts – a financial product allowing investors to trade in trusts holding large cryptocurrency...
OKX Review for 2023 – Fees, Features, Pros & Cons Revealed
11.12.2023
Our OKX review will dive into the hundreds of tokens and trading pairs the exchange offers. Previously known as OKEX, it has become a notable player in the cryptocurrency exchange landscape, catering to a global customer base with a broad range of financial services. Established in 2017 and based...
Ripple on the Verge of Surpassing Binance Coin! A Seismic Shift
11.12.2023
The competition between Binance Coin and Ripple has gained prominence, generating conversations over the mechanics of their market capitalization and wider consequences. Ripple has the potential to overtake Binance Coin, and it highlights the company’s expanding impact in both the financial...
INJ prices up, Helix gains market share: All before Volan upgrade
11.12.2023
Prices of INJ, a native token to the Injective Protocol, were $21.79 at the time of articulating this piece. While it is a drop from the recent high of $23.21, it still marks an interesting event, considering Injective has been experiencing an upward trend for a long time now. Most of it...
Bank of Russia States Digital Ruble Pilot Will Continue Until the End of 2024
11.12.2023
The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024 and until the massification of the digital ruble usage, estimated to happen...
Cardano chief’s casual tag leads to crypto chaos
11.12.2023
Even minor actions can have serious consequences in the lightning-fast world of cryptocurrency. With this context in mind, consider the story of Charles Hoskinson, founder of Cardano, whose latest social media update triggered an ugly event in the cryptocurrency market. Recently, Hosinkson...
Vivek Ramaswamy Blasts SEC Chair Gary Gensler: ‘Regulations Need to Catch Up’
11.12.2023
Presidential candidate Vivek Ramaswamy heavily criticized the lack of action of the U.S. Securities and Exchange Commission (SEC) and its chair, Gary Gensler, on the fraud cases in the crypto industry. Ramaswamy stated that regulations needed to catch up and that the existence of these cases...
Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
11.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial...
MetaMask Expands Global Presence With Payment Partnerships Across Six Countries
11.12.2023
Source: AdobeStock / golibtolibov MetaMask, a prominent cryptocurrency software wallet, has announced its expansion into six countries through new partnerships. The Web3 wallet provider has collaborated with VietQR and Mobile Money in Vietnam, GCash in the Philippines, QRIS in Indonesia, Thai...
Stablecoin Supply Turning Positive and Rising Protocol Fees Among Key Narratives in 2023 — Study
11.12.2023
During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology became one of the most consistent talking points in...
Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC
11.12.2023
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...
SEC Warns Crypto Investments Can Be ‘Exceptionally Risky’
11.12.2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi and pyramid...
Report: 47% of Nigerians Engaged in Crypto-Related Activities
10.12.2023
A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020 and 2023. Cryptocurrencies No Longer Seen...
CME Group Dominates Bitcoin Futures Open Interest Amidst Speculations of $40K Gap Closing
10.12.2023
Recent data indicates that CME Group maintains its top position in bitcoin futures open interest, holding $5.29 billion, followed closely by Binance with $4.65 billion. A comprehensive analysis of 14 distinct exchanges offering derivatives reveals a combined open interest totaling $40.74 billion...