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Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
16.8.2023
Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving guidance on its future decisions. Ethereum dropped...
Stellar announces investment in MGI via Development Foundation
16.8.2023
Stellar has announced that it is investing in MoneyGram International, also known as MGI in short, through its Development Foundation. Stellar Development Foundation, often referred to as SDF, will hail the investment opportunity just 2 years after they executed their commercial agreement. Stellar...
Decoding Litecoin future: Halving impact and network metrics
16.8.2023
Recently, Litecoin completed its third halving event on August 2, 2023. This halving is significant for miners, slashing their rewards in half. The initial buzz was there, and Litecoin’s mining sector seemed to be on the rise, with promising growth. However, as we look closer...
Hedera’s tech breakthroughs: Pomerdoge leading the market with bullish growth
16.8.2023
Hedera’s technical indicators hint at a bullish trend and pullback rally for the next few months. However, it could depend on social engagement levels. In other news, Pomerdoge is pushing through to reach the top by gaining top-level investors and recording a price rise. Summary...
Binance Connect to go off air on August 16, 2023
16.8.2023
Binance Connect, previously known as Bifinity, is tentatively scheduled to shut down on August 16, 2023. The crypto on-ramp and payment infrastructure went live on March 07, 2022. After a year, the service is all set to be blown out by the venture. A spokesperson did interact with the media,...
Shibarium’s launch speculation creates buzz across the crypto world
16.8.2023
As one of the most popular meme coins, Shiba Inu holds a massive stature in the crypto community. Altcoin has been creating buzz throughout the crypto domain with its much-anticipated Shibarium mainnet launch. The crypto community has been eagerly waiting for the L2 blockchain by Shiba Inu. Now,...
SEC v. Ripple: Judge greenlights investment banker declarant's entry
16.8.2023
The court seeks to address issues related to orders that rejected the SEC's plea to seal the Hinman speech documents and Ripple's request to seal information regarding XRP sales
Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
16.8.2023
The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...
The effect of Litecoin Halving & its adoption in crypto industry
16.8.2023
Litecoin Halving has been one of the most game-changing events in the crypto sports betting industry. Litecoin Halving occurs approximately every 4 years or 840,000 blocks. Halving is a process of reducing the amount of block rewards paid to the miners by half. Litecoin Halving is a hardcoded...
Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day
16.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange-traded funds (ETFs). The changes could include...
Ripple’s SEC saga continues, but all investor’s eyes are on InQubeta’s promising presale
15.8.2023
After securing a partial victory against the United States Securities and Exchange Commission (SEC), Ripple knew that wasn’t the end of its legal woes. In recent news, the Ripple and SEC saga continues, as the latter plans to appeal in the ongoing legal battle. In other news, InQubeta,...
Coinbase political initiative features US lawmaker who admitted to ethics violations
15.8.2023
Rep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,000 as part of a settlement related to violations of House ethics rules
Cardano’s founder slams US debt rating downgrade, DigiToads presale sees transaction surge
15.8.2023
In a week of heightened crypto discussions, the spotlight has shifted from market dynamics to global policy issues. Cardano founder, Charles Hoskinson, has taken a critical stance on US policies and the nation’s approach to cryptocurrencies following a recent debt rating downgrade. In a tweet...
Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
15.8.2023
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult...
Biggest Movers: SOL, TON Move to Multi-Week Highs on Tuesday
15.8.2023
Solana was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, rising for a sixth-straight day. Solana (SOL) Solana...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
From transaction speeds to mining efficiency: Bitcoin Spark surpassing Solana & Polygon
15.8.2023
While Solana (SOL) and Polygon (MATIC) have gained significant popularity, crypto watchers suggest that as Bitcoin Spark (BTCS) gains traction in the crypto market, its transaction speed and mining efficiency could see it surpass these cryptocurrencies. Solana news Solana has faced a recent...
Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data
15.8.2023
Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also remained unchanged prior to the data. Bitcoin...
LBank Revives IEO: A Look at the IEO Powerhouse LBank and its Historical Yields
15.8.2023
As the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-performing investments. According to CoinMarketCap...
Which coin has the bite for long-term growth? Aave, Quant, or Pomerdoge!
15.8.2023
Investors and traders are consistently looking for projects that can showcase a high level of consistency. This means that instead of just spiking once and dipping indefinitely, they can continually maintain their upward momentum. Three such altcoins, Aave (AAVE), Quant (QNT), and Pomredoge (POMD)...