Bitcoin has experienced a gradual uptrend, breaking above key resistance levels and instilling a bullish sentiment in the market. However, there are signs of a potential consolidation correction stage in the futures market, indicating a need for careful observation. Upon analyzing the daily chart, it is evident that the price of Bitcoin has found significant
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Ripple, the popular blockchain platform, recently achieved a significant legal victory in its ongoing battle with the United States Securities and Exchange Commission (SEC). The SEC announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on October 19, 2021. This development marked a major win for Ripple
Crypto financial services platform Matrixport has conducted an analysis on the potential effects of a spot Bitcoin exchange-traded fund (ETF) on the cryptocurrency market. According to their newly released report, if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF, it could push the price of Bitcoin between $42,000 and $56,000 per
Ras Al Khaimah, one of the seven Emirates of the United Arab Emirates, has taken a significant leap towards economic diversification with the launch of RAK Digital Assets Oasis (RAK DAO). This groundbreaking free zone is exclusively dedicated to digital and virtual asset companies, positioning the emirate as a progressive hub for emerging technologies. RAK
Binance, the leading cryptocurrency exchange, has experienced a significant decrease in trading volume recently, with more than $1 billion in net outflows in the past 24 hours. This information comes from DeFillama CEX’s transparency dashboard, which reveals that Binance witnessed $1.4 billion in net outflows during this period. The majority of the withdrawn assets include
In recent times, On-Chain trading has experienced tremendous growth, attracting the attention of traders and investors worldwide. Among the various tokens that have emerged, XSHIB token stands out as the latest meme coin breakout, capitalizing on the popularity of its Shiba Inu predecessor. With explosive price action and an impressive ecosystem, XSHIB has quickly become
Cybersecurity analysts have recently uncovered a troubling trend in the world of blockchain technology – the emergence of a new attack vector known as “EtherHiding.” Contrary to what its name may suggest, EtherHiding has little to do with Ethereum itself. Instead, it is a method employed by nefarious actors to conceal malicious code within blockchain
The cryptocurrency industry is no stranger to the rise and fall of various projects. Superdao, a platform founded to support the development of decentralized autonomous organizations (DAO), recently announced its decision to shut down operations. This article delves into the reasons behind Superdao’s closure and explores the broader lessons learned from this failed crypto venture.
The Conflux price has experienced a significant decline, falling by 3% in the past 24 hours alone. This drop, with the token now valued at $0.103716, marks a concerning 9% loss in just one week. Unfortunately, this downward trend has been persistent for the past few months, as the native token of the Chinese layer-one
Since its inception, Ethereum has faced relentless criticism from Bitcoin maximalists who argue that Bitcoin is the only valuable cryptocurrency. Despite holding the second-highest percentage of the cryptocurrency market value, Ethereum continues to be targeted by skeptics. Recently, prominent Bitcoin enthusiast Steve Barbour went as far as labeling Ethereum as “garbage” and questioning its future.
Grayscale Investments recently took a significant step forward in its quest to list shares of Grayscale Bitcoin Trust (GBTC) on NYSE Arca. On October 19, the company filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), indicating its intention to register and issue shares under the GBTC symbol. This move demonstrates
Macy’s has recently launched mstylelab, an exciting digital fashion platform that can be accessed from any device and browser at macys.com/mstylelab. This innovative initiative is part of Macy’s web3 digital strategy, which aims to merge the worlds of fashion and technology. mstylelab is set to revolutionize the way consumers engage with fashion and represents the
Ethereum layer-2 scaling solutions Starknet and zkSync have shown growth in their total monthly active developer counts, bucking the downward trend seen in other platforms such as Ethereum, Polygon, and Solana, according to data from Electric Capital’s updated developer report. While Starknet and zkSync recorded increases of 3% and 6% respectively, Ethereum, Polygon, and Solana
Sui’s native SUI token has faced significant challenges in recent days, as it struggled to regain ground after experiencing a steep decline. Amidst allegations from South Korean regulators, the Sui Foundation, the organization behind the SUI token and the layer-1 blockchain Sui, has been accused of manipulating the token’s supply for its own gain. The
Cryptocurrency has long been the subject of debate and controversy, with concerns over its potential involvement in illicit activities such as terrorism financing. Recent events, such as the actions of Palestine’s Hamas group in Israel, have brought these concerns to the forefront once again. While some argue that cryptocurrency facilitates illegal transactions, others believe that
Renowned Bitcoin advocate Jimmy Song has been an integral part of the BTC ecosystem for over a decade. From his role as a developer and network supporter to authoring multiple books on Bitcoin, Song has tirelessly worked to educate the masses about the advantages of the cryptocurrency. During an interview at the Bitcoin Conference 2023
Leading decentralized exchange (DEX) Uniswap has experienced a significant drop of 6% in response to the implementation of a new fee. The fee, set at 0.15% on crypto swaps involving Ethereum, USDC, and other cryptocurrencies, has caused disappointment among market participants. Uniswap Labs, the company behind Uniswap, introduced the fee as part of its efforts
The Council of the European Union (EU) has recently taken a significant step in enhancing cooperation amongst national taxation authorities in relation to crypto-assets transactions. This move signifies a proactive approach by the EU towards the rapidly digitalizing economy. Through the adoption of a directive, the EU aims to fortify the existing legislative framework and
In recent months, the Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced an exponential surge in growth. This article explores the remarkable achievements and potential of LSDFi protocols, as more Ether (ETH) holders choose to stake rather than liquidate their assets. According to a recent report by CoinGecko, the LSDFi sector has grown by
In a recent announcement made on the r/CryptoCurrency subreddit, Reddit has revealed plans to close its blockchain-based rewards service, “Community Points.” The platform cited scalability concerns as the primary reason for shutting down the service. Although Reddit acknowledged potential future opportunities for Community Points, they concluded that scaling it across the entire platform would not
The ApeCoin DAO has recently announced its partnership with Forj, an NFT platform under the umbrella of Animoca Brands. This collaboration aims to introduce an NFT accelerator program that will focus on enhancing the functionality and value of the ApeCoin. By leveraging the expertise and support of the ApeCoin community, the Ape Accelerator program seeks
The Fantom Foundation, a non-profit organization dedicated to supporting the growth and development of the Fantom ecosystem, has recently suffered substantial financial losses due to a phishing attack. According to reports from CertiK, a blockchain security firm, two Fantom Foundation wallets on Ethereum and the Fantom Network were compromised, resulting in a loss of over
In a market filled with turbulence and uncertainty, investors are on the lookout for a meme coin that can serve as a guiding light towards financial freedom. Enter Doge Uprising ($DUP), a unique project that stands as a beacon of defiance against a dystopian future dominated by “Lizard men” wielding control over the average person.
The European Securities and Markets Authority (ESMA), the securities watchdog of the European Union (EU), recently issued a warning that investors will have to wait until at least the end of 2024 to receive protection under the EU’s crypto asset market rules. In a statement released on Tuesday, the ESMA advised investors to prepare themselves
The team behind the popular stablecoin TrueUSD (TUSD) recently made a concerning announcement regarding a potential data leak. TrueCoin, the previous operator of TUSD, revealed that one of its third-party vendors had been compromised, leading to a possible exposure of Know Your Customer (KYC) and transaction history data. This incident raises serious concerns about the
The cryptocurrency market is known for its volatility and susceptibility to external factors. False reports and rumors can have a significant impact on the market, often resulting in sharp price movements. Recently, the market experienced a surge followed by a steep decline due to false reports about the US Securities and Exchange Commission (SEC) approving
Cryptocurrency enthusiasts have been closely monitoring the recent transactions of Ethereum co-founder Vitalik Buterin. In his most recent move, he transferred a staggering $14.9 million worth of USD Coin (USDC) to the renowned cryptocurrency exchange, Gemini. This significant transfer has raised eyebrows and sparked speculation about Buterin’s motives. In this article, we delve into the