A US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The court found that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap over accusations that the crypto platforms manipulated the price of the Hex token. In 2021,
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Following a significant downturn earlier in the week, Ethereum (ETH) has managed to stage a recovery and reclaim the crucial $2,600 level. The recent crash on August 5 brought Ethereum’s price down to $2,112, marking the largest market slump of the year. Despite this, the digital asset has since bounced back, showing an 8% increase
SUI has experienced a significant 125% weekly increase, largely attributed to the launch of Grayscale’s Sui Trust. The trust has brought attention to SUI and attracted investors looking to capitalize on the underlying asset. However, despite the impressive gains, there are indications that SUI may be overbought. Industry figures like Raoul Pal have praised SUI
Bitcoin has been making waves in the cryptocurrency market recently, with analysts speculating on the potential for a bullish surge in the near future. One crypto analyst, known as ‘Sensei’, has made a bold prediction that Bitcoin could reach $72,000, despite recent price fluctuations. This article will analyze the optimistic forecast presented by Sensei and
Gala Games has recently introduced a new feature that allows users to log in to their platforms using their existing Telegram accounts. This Single Sign On (SSO) option eliminates the need for usernames and passwords, making the process of accessing Gala platforms such as Gala Games, Gala Music, and Gala Film faster and more straightforward.
The Unlighted Alpha NFT Mint Pass is not just a mere collectible; it is a golden ticket that opens the door to a world of exclusive privileges and content within the Unlighted universe. Holders of this pass will be granted priority access to upcoming NFT whitelists, special in-game items, and content that will be off-limits
The latest data from CoinShares has revealed a notable comeback in the crypto market, with digital asset investment products seeing $176 million in inflows. According to James Butterfill, head of research at CoinShares, this surge in investor confidence signals a strong, “unanimous” positive sentiment, particularly towards Ethereum-based funds. Ethereum products have distinctly stood out, attracting
The recent market downturn has surprisingly turned out to be a beneficial period for Ethereum and other cryptocurrencies. Investors have seized the opportunity to buy the dip, resulting in Ethereum attracting an impressive $155 million in inflows over the past week. The positive sentiment extended beyond Ethereum, with Bitcoin also experiencing an increase in inflows
Coinbase has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). This move by the SEC has been met with criticism from Coinbase and other industry participants, who believe that the proposed regulation
Recently, Binance, the world’s largest cryptocurrency exchange, made a significant announcement regarding the delisting of six altcoins from its platform. The delisted altcoins include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This decision is part of Binance’s periodic review process to ensure that each digital asset listed
Following a significant liquidation event in the Ethereum (ETH) futures market, CryptoQuant analyst Shayan believes that the cryptocurrency may be on the verge of a rally. The recent liquidation event, coupled with historical data, suggests that ETH could experience a price surge as spot buying pressure increases and the market stabilizes. Despite a recent dip
The XRP price saw a significant surge recently following a court ruling in the Ripple v SEC case. This surge led to a 20% rally in a single day, with the price almost reaching $0.64 and the market capitalization crossing $35 billion. This surge in price came shortly after a development in the lawsuit, where
The recent turmoil in Venezuela following the controversial presidential election results has led to government restrictions on various websites, including Binance. The largest crypto exchange globally, Binance plays a crucial role in Venezuela, as many Venezuelans rely on it for peer-to-peer transactions of stablecoins like USDT and Bitcoin due to the local currency’s severe devaluation.
Crypto analyst CryptoCon recently highlighted a technical indicator that has accurately predicted each local high for Bitcoin in the current bull run. According to CryptoCon’s analysis, the Bitcoin Fibonacci extension is expected to push the flagship cryptocurrency over $100,000, with a projected rise to $109,236 by the end of the year. This prediction is based
In a groundbreaking move, Samsung has officially announced its partnership with Illuvium at Gamescom 2024, with the aim of transforming home entertainment through the integration of Web3 technology. This collaboration is set to bring the immersive Illuvium gaming world directly to living rooms through Samsung’s innovative Web3 TVs, providing players with access to the three
Atari, a pioneer in the world of gaming, has once again captured the essence of retro gaming by infusing a modern twist into its classic 1976 game Breakout. This time, the game is making a comeback on the Ethereum layer 2 network, Base, as part of Coinbase’s “OnChain Summer” promotion. This move marks Atari’s ambitious
As bitcoin continues its unpredictable journey, analysts are closely monitoring technical indicators and signals to gain insights into its future trajectory. A recent report from crypto derivatives data provider CoinGlass highlighted the significance of the liquidity heatmap, which currently indicates key first-test lines at around $56,800. The implications of this level are crucial, as a
Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the quarter, marking a 16% decline. This decrease is primarily attributed to the reduction in block rewards following the BTC halving event in April 2024. The company also reported a net loss of $27 million, or $0.07 per share, which
Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with a score of 570.1. This high score solidifies ICP’s position as the second-largest token in the Artificial Intelligence (AI) realm, with a market capitalization approaching $3.5 billion. Despite experiencing a price surge in March, reaching nearly $20, ICP has retraced
Semilore Faleti, a cryptocurrency writer with a specialization in journalism and content creation, has made a name for himself in the world of blockchain and cryptocurrency. Starting out by writing on various subjects, Semilore quickly discovered his passion for dissecting the complexities and intricacies of digital assets. With a keen interest in the efficiency of
Bitcoin’s price movements over the weekend have settled into a much calmer state, with the asset maintaining a relatively stable position just above $61,000. The previous weekend saw a significant dip in value, with bears pushing the primary cryptocurrency down from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday, as
Cryptocurrency analysts have been closely monitoring the recent appearance of the death cross indicator on Bitcoin’s chart, particularly focusing on the critical $62,000 price level that could potentially influence the flagship cryptocurrency’s future price movements. The death cross indicator is traditionally viewed as bearish and signals a potential period of declining prices for the asset
CoinShares, a prominent European investment company, recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved revenue of £22.5 million ($28.5 million) in Q2 2024, exhibiting a remarkable 110% year-over-year growth from the £10.7
After analyzing the controversial remarks made by Gemini co-founder Tyler Winklevoss regarding the recent “reset” of Vice President Kamala Harris’s crypto stance, it becomes clear that there are serious concerns about the Federal Reserve’s crackdown. Winklevoss’s accusations of a “scam” in response to the Federal Reserve’s enforcement action against Customers Bank raise important questions about
In the late 1990s, during one of Berkshire’s shareholder meetings, Charlie Munger famously stated, “The first $100,000 is a b****, but you gotta do it.” This mantra has been echoed in the world of Bitcoin, where over 450,000 BTC addresses currently hold Bitcoin worth $100,000 or more at current exchange prices. The year 2024 saw
Last week, the spot Bitcoin ETFs faced a challenging time as they experienced significant outflows. This negative trend continued into the new week with a withdrawal of $168.4 million from the ETFs. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the funds that saw substantial outflows. Tuesday also saw outflows totaling $148.6 million,
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a keen eye for detail and a passion for demystifying the complexities of blockchains and digital assets, Semilore has established himself as a trusted source of information in the rapidly evolving world of crypto. Having started his career as