Revolut, a popular financial technology company, has recently announced a temporary halt to its cryptocurrency trading services for its business clients in the United Kingdom. The decision comes in response to projected regulatory modifications set to be implemented in early 2024. This move reflects Revolut’s commitment to adapt its business crypto offerings to meet the
Shiba Inu (SHIB) has been experiencing a significant decline in performance, resulting in a major drop in price. Following a rejection from upper trendline resistance, the SHIB price fell by 11%, leading to concerns among investors who are now questioning whether SHIB will plummet to zero. This downward movement has prompted a large amount of
In an industry filled with uninspiring titles and repetitive gameplay, SpaceCatch is defying the norms and revolutionizing the gaming industry. This blockchain-based game combines cutting-edge technologies like blockchain, Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) to create an immersive and innovative gaming experience. With its unique features and groundbreaking concept, SpaceCatch is
Cryptocurrency analyst behind the Austin Hilton YouTube channel recently shared a bearish near-term outlook for Cardano (ADA) token. This article will explore the reasons behind the analyst’s predictions and the potential impact on the market. The analyst’s analysis heavily relies on the Elliott Wave Analysis, which is a technical analysis method that predicts future price
Bitcoin’s remarkable performance in the market this year has sparked speculation among experts and analysts about the potential for the cryptocurrency to reach new heights. One analyst who believes in the possibility of Bitcoin skyrocketing to an impressive mark of $100,000 is DonAlt, the creator of the popular YouTube channel Technical Roundup. DonAlt suggests that
In a momentous turning point for the blockchain industry, Solana’s decentralized exchanges (DEX) briefly overtook Ethereum’s trading volume on December 16. According to data from DeFillama, Solana’s DEX trading volume reached $1.536 billion, surpassing Ethereum’s $1.164 billion during this period. The community celebrated this milestone, with Anatoly Yakovenko, Solana’s co-founder, expressing his excitement by stating,
FTX Debtors recently filed an amended Chapter 11 reorganization plan on December 16th, which has raised concerns about potential financial losses for the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims at the crypto prices on November 11th, 2022, the day FTX filed for bankruptcy. This decision seems questionable, especially considering the
FTX Debtors recently submitted an amended Chapter 11 reorganization plan, putting the spotlight on the potential losses that the defunct cryptocurrency exchange’s creditors may face. The plan suggests valuing the claims of these creditors based on the cryptocurrency prices recorded on November 11, 2022, the day FTX filed for bankruptcy protection. Unfortunately, this particular date
Decentralized finance (DeFi) has been on the rise in recent years, with cryptocurrency markets experiencing a surge of interest and activity. While decentralized exchanges (DEX) have traditionally had lower trading volumes compared to centralized exchanges (CEX), the recent market rally has led to an increase in DEX activity, albeit at a somewhat slower pace. Major
In a shocking turn of events, the United States Department of Justice (DOJ) has unearthed a crypto Ponzi scheme that defrauded investors of an estimated $25 million. The masterminds behind this elaborate scam are none other than 51-year-old David Gilbert Saffron of Australia and 52-year-old Vincent Anthony Mazzotta Jr. of California. Their fraudulent crypto investment
The recent market-wide resurgence in the cryptocurrency sector has left investors disappointed with XRP’s lackluster performance. While other altcoins were able to reach new highs, XRP struggled to leverage the Bitcoin uptrend to the $44,000 mark. As a result, it experienced a significant drop in value alongside the rest of the market. Despite a brief
Cardano (ADA) has experienced a staggering growth in its decentralized finance (DeFi) space, as evidenced by its total value locked (TVL) reaching $431.44 million on Dec. 15, 2023. This represents a significant increase from $188.65 million recorded on Oct. 17. The surge reflects a remarkable growth rate of 180.636% within this timeframe. It is noteworthy
In recent years, Bitcoin has captured the attention of investors, traders, and enthusiasts around the world. The volatility and potential for significant gains in the cryptocurrency market have made it an attractive investment option. Chief analyst of Singaporean exchange Bitget, Ryan Lee, has offered his predictions for Bitcoin’s price in 2024. This article will analyze
VeChain (VET) has been a subject of discussion among crypto analysts lately, with predictions of a massive rally that could send its price soaring to $2.3. This article delves deep into the analysis conducted by popular crypto analyst EGRAG, who has outlined his bullish targets for the coming year. In this article, we will scrutinize
Ethereum’s native cryptocurrency, Ether (ETH), has experienced a significant resurgence in 2023, making a remarkable recovery from the losses suffered during the tumultuous year of 2022. According to data from CoinGecko, ETH has reached nearly $2,400 in recent days, although it still falls short of its all-time high of over $4,800 recorded in November 2021.
Bitcoin, the leading cryptocurrency, experienced a roller coaster weekend as it attempted to breach the $43,000 mark but fell short. It retreated to its initial position of approximately $42,000. Other altcoins also faced minor losses, except for Shiba Inu and Internet Computer, which recorded substantial gains. Following its peak on Saturday, Bitcoin retraced on Sunday
The recent performance of the Optimism price has been somewhat lackluster, as its bullish momentum seems to be losing steam. Although it managed to maintain a majority of its recent profits, the cryptocurrency is facing difficulties in sustaining its upward trajectory. However, an on-chain analysis reveals that there may be a significant obstacle standing in
The recent actions undertaken by Tether, the world’s largest stablecoin issuer, have sparked discussions and raised concerns regarding the use of stablecoins for illicit activities. Tether recently froze 326 wallets containing $435 million worth of USDT in cooperation with various law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation
Polygon (MATIC) has recently experienced a decline following Bitcoin’s pullback. However, according to a crypto analyst, this unexpected move may actually set MATIC up for a potential upward trend. In a video analysis shared on the Cheeky Crypto YouTube Channel, analyst JB suggests that MATIC’s decline to a specific retracement area could indicate a favorable
The cryptocurrency industry has experienced a significant downturn in hack volumes in 2023, according to a comprehensive research conducted by TRM Labs. This study reveals a more than 50% reduction in hack volumes compared to the previous year, resulting in a total value stolen of $1.7 billion, a substantial decrease from the nearly $4 billion
As the cryptocurrency market prepares for the year 2024, Stu Alderoty, the chief legal officer of Ripple, a blockchain payment company, has shared his projections on upcoming crypto regulations. These forecasts have the potential to impact investors’ confidence as they anticipate the start of a new bull cycle in the crypto market. In this article,
The cryptocurrency market continues to gain traction in the financial world, and this season seems to be all about cryptocurrency exchange-traded funds (ETFs). Traditional finance companies are eagerly seeking regulatory approval to introduce more ETFs to the market. One such company that has thrown its hat in the ring is First Trust, an asset management
Bitcoin, the world’s largest cryptocurrency, has been on a remarkable bullish run in recent years, with its price doubling in 2023 alone. But according to Bitwise, a crypto index fund manager, this surge is far from over. In a recently released report, Bitwise predicts that Bitcoin will reach $80,000 in 2024, surpassing its current all-time
In an effort to address concerns raised by pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill, Tether, the company behind the largest stablecoin, has released two letters sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters aim to shed light on the allegations regarding the
The price movement of OSMO, the native token of Osmosis, has been characterized by significant volatility throughout this year. However, recent developments suggest that OSMO is undergoing a strong recovery phase after months of a largely bearish trend. Traders have at their disposal a wide range of technical indicators that provide a complex yet informative
Bitcoin, the world’s most popular cryptocurrency, has experienced a recent loss in momentum, with its price falling to around $42,000. This downward trend has also affected other altcoins, such as SOL and ADA, which have seen significant declines. However, amidst this red sea, one altcoin has stood out with an astonishing 40% surge – ICP.
Arbitrum (ARB), a prominent Ethereum scaling solution, recently experienced a significant downtime event on December 15. This incident caused the network to become inaccessible for over 60 minutes due to sequencer and feed issues. The root cause of the problem was promptly investigated, and a fix was deployed. However, the downtime raised concerns among users