Bitcoin price is once again on a downward trajectory as it failed to surpass the $27,500 resistance level. This failure has resulted in a fresh decline with BTC currently trading below $26,500 and the 100 hourly Simple Moving Average. The next support level at $26,000 is at risk of being breached, signifying potential further losses
South Korea’s leading cryptocurrency exchange, Upbit, recently made headlines when it announced the suspension of all withdrawals and deposits of Aptos’ native token APT. This drastic measure was taken in response to the discovery of fraudulent activities involving counterfeit APT tokens on September 24th. Upbit found itself in a precarious position when it realized that
The field of Virtual Reality (VR) and Augmented Reality (AR) development is rapidly evolving, and programming is at the core of these advancements. From C# to Unity and Unreal Engine, various programming languages are essential for creating immersive experiences. Learning resources, such as tutorials and courses, are widely available online, making the learning process more
The past week has been one of caution and quiet for Bitcoin traders, with the price action remaining relatively stagnant. However, the most concerning aspect of this period is the significant decline in trading volumes on both major crypto exchanges and derivatives markets. This begs the question: what implications does this collapse in trading volumes
The conclusion of the G20 summit brings some much-needed optimism to India’s crypto ecosystem. With the endorsement of the recommendations from the IMF and FSB as a Synthesis paper, the world’s most influential economies are taking a clear stance on the policy and regulatory framework for crypto assets. In this article, we will analyze the
Bitcoin (BTC) has historically displayed a lack of movement and excitement during the weekends. This trend continues as we observe little-to-no actual price fluctuations. While the altcoin market also remains relatively stable on a daily scale, there have been a few standout performers, such as Chainlink (LINK), which has experienced significant growth over the past
In a recent legal filing, Fenwick & West, a law firm that previously provided services to FTX, sought to dismiss a class action suit brought against them. The suit, initiated by customers in August, claimed that Fenwick was partially responsible for the alleged fraudulent activities at FTX. In their defense, Fenwick presented several arguments to
Ethereum, one of the largest blockchain networks, underwent a monumental upgrade known as the Shanghai upgrade about a year ago. This upgrade aimed to enhance network activity and strengthen the DeFi ecosystem. However, a recent report from JPMorgan suggests that the upgrade has not met expectations, as Ethereum has experienced a decrease in network activity
The cryptocurrency market is currently grappling with bearish conditions, but Polkadot (DOT) remains determined to forge ahead. In a strategic move to push its development forward, Polkadot has shifted its focus from speculation to technological advancements. This new direction was highlighted in recent presentations, where the network showcased its ongoing efforts and ambitious goal of
The crypto exchange Bybit recently announced its decision to leave the U.K. market ahead of the implementation of new cryptocurrency marketing rules in October. This unexpected move signifies a proactive approach by Bybit to embrace forthcoming regulations set by the U.K. Financial Conduct Authority. While the exchange initially denied rumors of its departure, the temporary
Google Cloud’s BigQuery service has recently announced the addition of 11 new blockchain networks to its data warehouse. This move signifies Google’s continued interest in blockchain technology and its commitment to expanding its blockchain coverage. This article will delve into the details of BigQuery’s latest expansion and the implications it has for enterprise firms and
The world of cryptocurrency continues to witness a surge in on-chain trading activity, with Telegram sniper bots playing a significant role in the process. Amidst this trend, GOLD token has emerged as the latest breakout, soaring an astonishing +20,000%. In recent weeks, the market has witnessed numerous pump-and-dump moon-shots like PogeX, Trump2024, Thing, Jinbe, and
Chainlink’s LINK price has made a recovery above the $6.50 resistance level. However, the price is currently undergoing a correction, with potential support near $6.40. This could potentially lead to a fresh increase in the price. LINK price is displaying positive signs as it trades above the $6.50 level and the 100 simple moving average
The Australian Securities and Investments Commission (ASIC) has recently filed civil proceedings against Bit Trade Pty Ltd, accusing the company of failing to adhere to design and distribution obligations (DDO) associated with its margin trading product. The alleged violations have resulted in substantial financial losses for customers, prompting ASIC to take legal action. Established to
The cryptocurrency market has seen a surge of activity surrounding Immutable X (IMX) tokens, with notable whale transactions capturing attention. In this article, we will explore the implications of these transactions and how they highlight the potential for wealth creation in the cryptocurrency market. A deep analysis of recent transactions involving IMX tokens has revealed
The cryptocurrency market continues to capture the attention and imagination of investors and analysts worldwide. Ripple’s native token, XRP, has been a subject of discussion among experts, with various price predictions emerging. This article explores the outlook for XRP and delves into the analysis provided by different analysts. One prominent cryptocurrency analyst, known by the
Regulators in Poland have recently initiated a case against OpenAI, a leading artificial intelligence company, over claims of mishandling user data. The Personal Data Protection Office in Poland confirmed that it is considering a complaint filed by an individual regarding OpenAI’s widely-used ChatGPT app. The complainant alleges that OpenAI has been handling data in an
Decentralized exchange Pancakeswap has recently introduced Transak as a new provider on its “buy crypto” tab. This addition offers users of Pancakeswap an alternative option when purchasing cryptocurrencies. The announcement was made on September 21, bringing Transak onboard as the third provider for this feature. Pancakeswap operates as a multichain decentralized crypto exchange (DEX). It
The price of Bitcoin faced a significant rejection as it reached crucial resistance above $27,000, resulting in ongoing selling pressure. Today’s trading session continues to reflect this bearish sentiment. Should buyers fail to defend the current levels, Bitcoin’s price is likely to test critical support. However, data suggests that this action could trigger a potential
Marieke Flament, the CEO of Near Foundation, has announced her resignation, signaling the beginning of a new era for the layer-1 protocol. Flament’s departure comes as a surprise, and while no specific reasons were given, the Near Foundation’s general counsel, Chris Donovan, will step in as the new CEO. With this change in leadership, Near
Toncoin (TON) has recently experienced a significant retracement after a remarkable 44% increase from its 200-day moving average (DMA) support. As the price of Toncoin drops, many investors are left wondering if it is still a favorable investment opportunity. This article will delve into a comprehensive analysis of Toncoin’s current price movement and provide insights
The gaming industry has been revolutionized by the rise of web3 games, which offer players more control over their in-game assets and experiences. Elixir Games, a leading distributor of both traditional (web2) and blockchain-based (web3) desktop games, has recently unveiled its Elixir Games Launcher. This platform aims to provide players with the same accessibility as
The Australian Securities and Investments Commission (ASIC) has recently taken legal action against Bit Trade Pty Ltd, a provider for Kraken Crypto Exchange. ASIC alleges that Bit Trade’s margin trading product has caused losses of approximately $12.95 million to Australian customers due to non-compliance with local laws. According to ASIC, the central issue lies in
In a recent post on X (formerly Twitter), Binance CEO Changpeng ‘CZ’ Zhao addressed the reports circulating about him taking a $250 million loan from BAM Management. These reports were labeled as “wrong information” by CZ, setting the stage for a debate surrounding the controversial loan. This article aims to delve into the details and
Cryptocurrency and nonfungible token trading tool, None Trading, has recently announced its closure due to a “critical exploit” within its infrastructure. The developers released a statement on September 20th, revealing that they had suffered a substantial loss of funding and team tokens, resulting in the inability to sustain the project. This unfortunate incident has forced
Leading Chinese layer-1 solution Neo Network (NEO) is currently experiencing a surge, with price action battling upper trendline resistance and a +7% pump. This article will analyze the current state of NEO and determine whether it is too late to buy. Neo Co-Founder Da Hongfei recently conducted an onboarding campaign at Token2049, highlighting the need
Ripple CEO, Brad Garlinghouse, along with other top executives of the company, recently visited Washington, D.C. to meet with members of Congress. The purpose of their visit was to discuss the regulatory clarity of the cryptocurrency industry, which continues to face uncertainty. In a social media post, Garlinghouse highlighted the significance of engaging with elected