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Understanding Support & Resistance in Crypto Trading
12.10.2023
In the world of crypto trading, there are many ways to identify opportunities, one of the most prominent methods being technical analysis. This is the study and general breaking down of charts using various indicators and charting patterns. One such technique is known as Support and Resistance...
Update on SEC vs Coinbase and a fall in BTC amid inflation
12.10.2023
That’s a two-way street the community has reached. The SEC and Coinbase have an updated movement in their contest. The Commission staff has made a recommendation to the SEC on the rulemaking petition for Coinbase. Meanwhile, the price of BTC has once again lost its resistance level despite having...
What sets cryptocurrencies apart from NFTs?
12.10.2023
The rapid adoption of digital assets resonates with every industry with each passing day, and the trend will continue to go up incessantly. Today’s two most popular forms of digital assets include cryptocurrencies and NFTs (Non-Fungible Tokens), which are increasingly used by a maximum number...
Bluechip NFT collections like BAYC on 6-week downtrend, while BTCS reports record numbers
12.10.2023
Non-fungible tokens took the world by storm, garnering attention from art lovers and crypto enthusiasts worldwide. NFTs are rare digital collectibles that redefine art through embedding creativity on the blockchain network. The Bored Ape Yacht Club (BAYC) NFT collection is among the most prominent...
Shibarium records a spike in user activity
12.10.2023
Shiba Inu launched its layer 2 blockchain solution, Shibharium, on August 16, 2023. However, it soon faced technical glitches when users started flooding the platform. So, it has to walk back and rework the launch. Finally, the solution went live on August 28, 2023. It has been less than 2 months...
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
Bitcoin Cash: The green cryptocurrency of the future
12.10.2023
Crypto mining generally involves high energy consumption because of its complex computational level. To reduce the carbon footprint involved with digital currencies, alternative models are being developed with lower environmental impact. These tokens are called green cryptocurrencies....
Cleanspark Acquires 4.4 EH/s of Bitmain’s New S21 Antminers; Readies for Bitcoin Reward Halving
12.10.2023
In a disclosure on Wednesday, bitcoin mining entity Cleanspark has reserved 4.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. The mining company, recognized on the public market, detailed that the consignment is valued at approximately $61.6 million, translating to $14 for each...
Bitcoin Cash and financial inclusion: Bridging the gap
12.10.2023
Beyond its potential as a store of value and medium of exchange, BCH has gotten attention for its unique proposition, which is fostering financial inclusion on a global scale. Bitcoin Cash (BCH), a cryptocurrency fork from Bitcoin, emerged in 2017 and has become an essential part of everyday...
Real-world use cases for spending and accepting Tether stablecoin
12.10.2023
Tether is a popular stablecoin in online retailers, e-commerce, gaming, trading, and more, as it offers a secure and reliable channel for transferring funds across various platforms. Using Tether eliminates the need for manual currency conversion and greatly reduces transaction fees. The rising...
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game
12.10.2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a...
Alameda’s $150M Bribery Bombshell: Thai Sex Workers and Sam Trabucco’s Disappearance Fuels Mystery
12.10.2023
In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as the former co-CEO, Sam Trabucco, has seemingly...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF’s Fraud Hearing
11.10.2023
FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline Ellison during Wednesday’s hearing in SBF’s ongoing fraud case....
Hata receives in-principle approval to be fifth Malaysian digital exchange
11.10.2023
The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals
Speculation vs. Utility: Cryptocurrency's Identity Crisis
11.10.2023
The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.
The reason for this new identity crisis in crypto, according to Sindreu, is that the sector has largely turned into a speculative bet on their...
Report: Long-Term Holders Gobble Up $1.35B in Bitcoin Each Month While Altcoin Mania Lies Dormant
11.10.2023
Seasoned crypto investors continue scooping up bitcoin (BTC) at a rate of 50,000 coins per month valued at $1.35 billion, according to blockchain analytics firm Glassnode’s latest onchain report. This supply tightening comes as the broader digital asset market remains “exceptionally...
Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days
11.10.2023
Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously...
Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low
11.10.2023
Dogecoin was marginally higher on Wednesday, after moving back above a recent support point during today’s session. The meme coin fell to a seven-week low on Monday, however bulls have moved to buy the dip. Toncoin was another token to rise, reentering the $2.00 region in the process. Dogecoin...
Standard Chartered’s Research Predicts Ethereum to Hit $8K by 2026 and Eyes $35K Long-Term
11.10.2023
Ethereum might soar to $8,000 by 2026, suggests a fresh investors memo penned by Standard Chartered’s lead on forex and crypto research. Geoffrey Kendrick, alongside his analytical squad at the bank, pinpointed Ethereum’s stronghold in smart contracts, gaming, and tokenization as...