Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself trapped in a tempest of legal challenges and a wave of executive departures. As regulatory scrutiny intensifies, the company’s key risk and legal executives have chosen to part ways, compounding the growing list of personnel changes within its ranks. The recent exits of Krishna Juvvadi,
Bitcoin
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal for the sale of its Bitcoin and crypto holdings. This move comes as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX initially proposed a plan to
In a troubling turn of events, popular cryptocurrency exchange CoinEx has reportedly fallen victim to a suspected hack, resulting in substantial losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. This incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Reports from reputable sources indicate that CoinEx
In a recent interview, David Marcus, former President of Paypal and Head of Facebook Payments, shared his belief that Bitcoin is the universal protocol for money on the internet. While Bitcoin has faced challenges and headwinds in recent months, it remains the prominent cryptocurrency in the market. This article explores Marcus’s perspective on Bitcoin’s potential
Shiba Inu (SHIB) has recently faced challenges as its price struggles to gain traction in the volatile cryptocurrency market. The investors who once witnessed a major rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. As we enter the final quarter of the year,
The future of Bitcoin has been a topic of great speculation and debate within the cryptocurrency community. Benjamin Cowen, an analyst and founder of Into The Cryptoverse, has recently shared his insights on the potential trajectory of Bitcoin in the coming month of September. Based on his analysis and comparisons to historical data, Cowen predicts
A major Korean finance powerhouse, Mirae Asset Securities, has recently announced its collaboration with Polygon, a popular blockchain network. This partnership has sparked interest and curiosity about how it will potentially affect the price of Polygon’s native cryptocurrency, MATIC. In the early hours of September 7, 2023, Mirae Asset Securities, South Korea’s largest financial group
As the cryptocurrency market grapples with a tense market sentiment, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, finds itself under scrutiny. Crypto investors are on edge, with some sounding cautionary alarms about the potential for further price erosion before any sign of recovery. The past few weeks have been tumultuous for Ethereum, as its
Bitcoin, the world’s largest cryptocurrency, has faced both progress and setbacks over the past year. These fluctuations have also been reflected in digital asset investment products. However, recent data from Coinshares indicates that despite overall outflows from digital investment products, Bitcoin has managed to show resilience by recording a weekly inflow of $3.8 million. Despite
Following the FTX crash back in November 2022, a significant amount of crypto remained in the exchange’s wallets due to the ongoing legal battle between the exchange and its creditors. These idle tokens, worth over $3.5 billion, have now caught the attention of crypto enthusiasts as recent activities indicate that a large chunk of them
The once vibrant crypto market has recently lost its glitter, with bitcoin futures trading volume dwindling and the flagship cryptocurrency struggling to stay afloat. Data from Glassnode reveals that bitcoin futures open interest, which indicates the excitement surrounding upcoming contracts, has plummeted to a 5-month low of $11.3 billion. This downward trend suggests that traders
Bitcoin has always been subject to speculation and analysis, with experts constantly trying to predict its future performance. Renowned cryptocurrency analyst Benjamin Cowen recently shared his data-driven insights on Bitcoin’s historical performance in September and its potential trajectory for the current year. While Cowen acknowledges that September has traditionally been a challenging month for BTC,
The recent Bitcoin rally has captured the attention of investors and enthusiasts alike. However, a closer look at the trend in the total supply of stablecoins suggests that this surge may not be sustained. This article analyzes the relationship between stablecoin supply and Bitcoin price, raising questions about the long-term viability of the current rally.
Ripple’s XRP token price is currently facing bearish signs as it struggles to recover above $0.540 and $0.550 against the US dollar. Despite starting a recovery wave after a sharp decline, the price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with
Bitcoin has recently approached the short-term holders’ realized price, indicating a potential resistance level at $28,100. The realized price is a metric that represents the average investor’s cost basis in the Bitcoin market. When the spot price falls below this indicator, most holders incur losses, while a break above this level signifies a profitable state
The Ripple community is currently abuzz with anticipation as the company’s founder and CEO announced plans to host a celebratory party in honor of the cryptocurrency’s triumph against the United States Securities and Exchange Commission (SEC). This declaration by Ripple, a leading global payments network, marks a significant milestone in the cryptocurrency industry, not only
Binance, one of the leading cryptocurrency exchanges, recently dropped a bombshell by announcing the suspension of 39 liquidity mining pools. This decision comes after a comprehensive assessment of the platform’s liquidity mining performance. Although Binance claims that this move aims to concentrate liquidity for users and optimize their trading experience, it has generated significant controversy
Cryptocurrencies are constantly evolving, and one coin that has recently gained significant attention is Toncoin (TON). Within the past week, Toncoin has experienced an impressive price surge of over 8%, reigniting interest in the cryptocurrency market. This surge has prompted many to inquire about the potential for sustained growth in the future. At present, Toncoin
Shibarium, the layer 2 blockchain, has recently relaunched after a temporary shutdown, and it has brought about positive changes for the BONE token. The token has experienced a massive price increase of approximately 17% within the last 24 hours following Shibarium’s official relaunch on Thursday, August 24. Not only has the price surged, but the
Back in July, Judge Analisa Torres made a significant ruling, declaring that XRP programmatic sales do not qualify as securities. This ruling initially caused a rally in the XRP token price. However, as the excitement surrounding the ruling has worn off and the United States Securities and Exchange Commission (SEC) has begun to fight back,
The crypto market has witnessed significant gains in AI-based cryptocurrencies, surpassing other assets in terms of performance. Chipmaker Nvidia, known for its investments in the AI sector, has reached an all-time high in its stock price, leading to the positive movement of these crypto tokens. The recent data from Coingecko reveals double-digit gains for Render
The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first
In the ever-volatile world of cryptocurrencies, Bitcoin’s recent low volatility has caught the attention of experts and analysts alike. Founder of Capriole, Charles Edwards, presents a compelling analysis that draws parallels between the current state of Bitcoin and its behavior back in 2016. With Bitcoin’s price hovering around $29,000, traders and investors are eagerly watching
Bitcoin mining has experienced significant growth in recent times, with the blockchain network achieving a new all-time high in hash rate during the second quarter of 2023. As a result, Riot Blockchain, one of the leading publicly traded Bitcoin mining companies in the United States, has observed a surge in its operations in the same
The blockchain community has been captivated by the potential of Toncoin (TON), a digital currency that offers innovative solutions to longstanding issues in decentralized finance. With its rapid rise in popularity, Toncoin has garnered significant attention and enthusiasm. At the time of writing, Toncoin is trading at $1.46, showcasing a remarkable 10.4% increase in the
The GMX token, which powers GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is currently experiencing intense selling pressure. This article delves into the recent downturn, examines the impact of whales selling GMX, and analyzes the implications for the GMX and DeFi communities. The Downturn and Whales Selling GMX As of August 11,
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a correction in its price after failing to break through the $1,880 resistance zone. The digital asset is now trading below $1,850 and the 100-hourly Simple Moving Average, indicating a bearish sentiment in the market. Formation of Bullish Flag Pattern A bullish flag pattern is forming