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'The market is acting this way because there is no regulation' says Skale Labs' Konstantin Kladko
21.7.2022
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi "supercrash."
Ether price stalls at $1,630 after gaining 50% in under a week
21.7.2022
The ETH price stalls following a week of gains, leading analysts to call for a pullback in the short term followed by a rally into September when the mainnet Merge is predicted to occur
Biggest Movers: XMR Moves to 5-Week High, Despite Crypto Selloff
21.7.2022
Monero moved to its highest level in five weeks on Thursday, despite crypto markets mainly trading in red. The token rose to its highest level since June 13 after extending recent gains. On the other hand, dogecoin dropped lower today, despite Elon Musk announcing that Tesla hasn’t sold...
Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades
21.7.2022
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen...
Bitcoin, Ethereum Technical Analysis: BTC Falls, as Tesla Sells 75% of Its Holdings
21.7.2022
Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news....
Bitcoin and Ethereum Consolidate Near Uptrend Support, Altcoins in Red
21.7.2022
Bitcoin price started a downside correction from the USD 24,200 zone and spiked below USD 23,000. It is currently (11:20 UTC) trading near USD 22,600 and is down almost 5% in a day and up 12% in a week.
Similarly, most major altcoins are trading above key support zones. ETH stayed above the...
'Crypto Savior' FTX Is Reportedly Raising Fresh Capital at Latest Valuation of USD 32BN
21.7.2022
Major crypto exchange FTX, which has positioned itself as the industry's savior, is reportedly looking to raise fresh capital at its January USD 32bn valuation.
CEO Sam Bankman-Fried is in talks to raise fresh funding after the exchange carried out a buying spree during the latest crypto market...
Blockchain.com Cuts 25% Workforce Amid Crypto Bear Market
21.7.2022
Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people
Register Here for a Weekly Update on African News
21.7.2022
The African continent may not be the biggest crypto/blockchain market yet but the growing adoption of the technology illustrates that this will likely be a key market in the future. For instance, instead of being seen or used as a tool for speculative trading, crypto is proving to be a more...
Bitcoin, Ethereum, Altcoins Follow Stocks Down Despite Elon Musk Is Open to Buy BTC Again After Selling 75% of Tesla's Stash
21.7.2022
After spiking above the USD 24,000 level, bitcoin increased its volatility as Tesla said it sold 75% of its BTC holdings, or USD 936m worth of bitcoin, in the second quarter, in an attempt to raise cash.
However, Tesla’s chief Elon Musk stressed that “this should not be taken as some verdict...
Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement
21.7.2022
Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,”...
EURST Creator Simone Mazzuca Explains What Differentiates It From Other Stablecoins and Why It Is Here to Stay
21.7.2022
Simone Mazzuca is the creator of EURST – the first representative euro stablecoin, 100% asset backed with US Dollars and live audited. EURST is providing one of the most secure and reliable stablecoin structures on the euro market to serve as a bridge to the digital economy. Mr. Simone...
Bitcoin price dips under $23K after earnings report reveals Tesla sold 75% of its BTC
20.7.2022
BTC’s march toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position
Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average
20.7.2022
Some analysts believe BTC’s consolidation above the SMA could propel the token’s recovery
Consensys to Tokenize Smart Contract and Blockchain Audits via TURN Token Launch
20.7.2022
The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s...
Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback
20.7.2022
The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels
Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners
20.7.2022
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex...
Volatile Months Ahead for Ethereum & USD 1,711 Likely for Year-End, Says Crypto Industry Panel
20.7.2022
The price of Ethereum’s native token ETH could drop to a low of USD 675 – and rise to a high of USD 2,673 – before ending the year at USD 1,711, according to a panel of crypto industry professionals surveyed by comparison website Finder.com....
Read More: Volatile Months Ahead for Ethereum &...
Biggest Movers: DOGE, ADA Move to Multi-Week Highs on Wednesday
20.7.2022
Dogecoin rose by over 10% in today’s session, as the meme coin closed in on its highest point in almost one month. The token was higher for an eighth consecutive session, while cardano was also in the green, rising for a ninth straight day. Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover...
Gold ‘Clearly Turned Bearish’ Says Societe Generale as TD Securities Strategists Expect Further Downside
20.7.2022
According to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last...