During a recent episode of the Bankless Podcast, Binance CEO Changpeng Zhao (CZ) addressed concerns about the debanking of crypto companies, including Binance’s own operation in Australia. CZ stated that Binance is unlikely to acquire banking institutions despite these worries. The collapse of several U.S. banks this year has raised concerns about the decreasing number … Read more
Litecoin LTC daily transactions surge due to LTC Ordinals. Litecoin has witnessed a sustained increase in its daily confirmed transactions over the past week. On May 10, the blockchain reached a record-breaking peak of 585,415 daily confirmed transactions, and since then, it has consistently processed a range of 172,000 to 532,000 transactions per day. This … Read more
TrigonX, an Australian crypto exchange, is preparing for a revival after collapsing in December 2022 with debts exceeding $50 million. Creditors approved a deed of company arrangement, paving the way for the exchange’s relaunch, according to company director Matteo Salerno. The collapse of FTX in November 2022 had a significant impact on TrigonX and led … Read more
Prosecutors have urged a federal court judge in Manhattan to reject FTX founder Sam Bankman-Fried’s request to dismiss criminal charges against him. Bankman-Fried, a former cryptocurrency billionaire, is accused of stealing billions of dollars from customers to cover losses at his hedge fund. He has pleaded not guilty to charges including fraud, conspiracy, illegal campaign … Read more
The Bitcoin price is currently correcting gains from the $28,400 level. To start a fresh increase in the near term, BTC must remain above the $27,500 support. Additionally, the price is trading above the 100 hourly Simple moving average and finding bids near the 61.8% Fib retracement level. Previously, Bitcoin experienced a decent increase above … Read more
The Ethereum price underwent a correction from the $1,920 resistance level against the US Dollar. However, the price is now supported and is expected to head towards a move of around $2,000. Presently, Ethereum is aiming for a fresh increase above the $1,920 resistance zone and is being actively traded above $1,880 and the 100-hourly … Read more
After two weeks of trading at a loss, Bitcoin is now experiencing some gains. Despite remaining in a tight range, the options market activity suggests a potential run towards new highs. The current price of Bitcoin is $27,900 with a 2.5% profit in the last 24 hours, but over the past week, it has seen … Read more
Tether (USDT) is a dominant stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns regarding the state of the cryptocurrency market, Tether continues to flourish, with its supply expanding significantly since the beginning of 2023. However, its reign over the stablecoin market is under threat … Read more
In recent developments across Asian markets, local regulators have introduced updates concerning digital assets. Japan has decided to implement stricter Anti-Money Laundering measures, including the enforcement of the “Travel Rule” starting from June 1. This rule requires financial institutions processing crypto transfers over $3,000 to provide customer information to the recipient exchange or institution, such … Read more
If the Bitcoin SOPR ratio is anything to go by, the rally may continue. A recent analysis by CryptoQuant has shown the SOPR ratio to be above 1, indicating that the average holder is currently moving their coins at a loss. This suggests that investors in the sector are selling their coins at a loss. … Read more
Recently, EOS Network, a popular blockchain platform known for prioritizing high performance and security, has seen a significant decrease in price. Over the past 30 days, there has been bearish sentiment for the asset. CoinMarketCap data shows a 14.19% decrease in the price of EOS, indicating that bears have been controlling the market. This change … Read more
Despite being a young industry, the crypto game market is rapidly expanding due to various reasons. The acceptance of blockchain technology in the gaming industry is increasing, providing safety, openness and decentralization. Players want more interactive and immersive games which are made possible in crypto gaming. Additionally, players can profit from crypto by participating in … Read more
Richard Teng has taken on a new position at Binance, expanding his responsibilities beyond overseeing Asia, Europe, the Middle East, and North Africa. According to a spokesperson from Binance, Teng has been appointed to lead the regional markets worldwide, excluding the United States. This promotion showcases Teng’s rapid rise within the organization since joining less … Read more
Polkadot (DOT) hit its weekly high at $5.54 before experiencing a corrective phase. In the past 24 hours, DOT has maintained 1.8% of its overall gains. The weekly chart indicates a 3% price increase. However, bears are dominant in the technical analysis, with low buying strength and demand. If Bitcoin continues its upward movement, several … Read more
The price of BONE, the governance token of Shiba Inu and the gas token of Shibarium, has experienced a significant increase of 21% over the past seven days. This growth has allowed BONE to consistently outperform leading dog-themed coins such as Dogecoin and Shiba Inu. The price of BONE has been on an upward trend … Read more
Nvidia has revealed a new artificial intelligence (AI) supercomputer. The DGX SuperPOD is a cluster of 20 DGX A100 systems, which run with 8 NVIDIA Ampere-based GPUs. The 20-unit supercomputer is co-ordinated by Slurm, a workload manager responsible for dividing jobs between the machines. Nvidia announced the new AI supercomputer on 14 July. Customers can … Read more
Huobi, a cryptocurrency exchange, has applied for a license in Hong Kong that will allow it to offer cryptocurrency trading to both retail and institutional investors. This move is part of Huobi’s plan to modernize the cryptocurrency trading industry in Hong Kong. The company’s application for a regulated crypto exchange license demonstrates its commitment to … Read more
The CEO of Ledger has announced a service that simplifies self-custody by offering a crypto key recovery feature. This feature allows users to regain access to their wallets in case of lost or damaged hardware. With this service, users can generate a secure backup of their private key and store it with a trusted contact. … Read more
Crypto AI appears to be a strong niche in the current crypto bull market. Bitcoin has corrected back to the upside, surpassing $28,000 and regaining lost momentum for the industry. However, AI within crypto looks to be the strongest narrative and is expected to lead the rest of the market. This is due to the … Read more
The on-chain data for Bitcoin shows that the asset has bounced back to $28,000, possibly due to the existence of a support line. The BTC price reached the cost basis of the short-term holders, according to Glassnode, a company that provides on-chain analytics. This is formally known as the “realized price,” a metric that is … Read more
The Bybit cryptocurrency exchange has been granted principal approval to operate in Kazakhstan, according to reports. The country’s government approved the service, enabling Bybit to offer its trading platform to investors in Kazakhstan. The move comes as part of a larger initiative to attract more foreign investment to the country and improve its economy. Kazakhstan … Read more
The Hong Kong Police Force has launched a new CyberDefender platform that aims to promote crime prevention in the metaverse. The platform, launched by the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force, aims to educate the public on the potential dangers of the Web3 and metaverse space. According to … Read more
The price of Dogecoin has been on the rise in recent trading sessions and has surpassed a significant resistance level. The coin has recorded a 1.2% increase within the past 24 hours and has appreciated by 2% in the last week. Although technical analysis suggests upcoming bullish momentum, demand and accumulation indicators have not yet … Read more
Bitcoin (BTC), the pioneer of cryptocurrencies, is constantly evolving and continues to fascinate the financial world. Recently, Bitcoin’s active addresses have reached a three-week high, leading to a surge in its price and reigniting excitement in the cryptocurrency market. According to Santiment, the number of active Bitcoin addresses has reached a remarkable 960,000, marking the … Read more
Bitcoin.com has announced that its VERSE token has been listed on Kucoin, a leading cryptocurrency exchange platform known for its support of crypto gems. Trading is available now, with VERSE/USDT being the initial trading pair. This marks a significant milestone for Bitcoin.com as it increases the accessibility and reach of the ecosystem token to millions … Read more
According to Tech in Asia, the Bali Provincial Government has announced that they will pursue strict sanctions against foreign tourists and businesspeople who choose to pay for services through using cryptocurrencies. This decision came about after it was found that tourists had been utilizing digital currencies to obtain products and services such as meals, motorbike … Read more
Grand Theft Auto 6 (GTA 6) is unlikely to incorporate cryptocurrencies. While in-game currencies have been popular for some time, the use of virtual currencies is not as common in top-tier video games. GTA 6 is expected to maintain its traditional structure and game mechanics, which will make it difficult to incorporate cryptocurrencies. The use … Read more
Binance, the world’s largest crypto exchange, unveiled plans to launch a cryptocurrency trading platform for Japanese residents compliant with Japan’s crypto regulations. The platform will be available this summer, and the launch date and details will be released later on. As part of the transition to Binance Japan, the exchange will terminate its crypto services … Read more
Millions of users of social media platform Reddit have started using non-fungible tokens (NFTs) to buy collectible avatars. This news comes as the platform launched its Community Points project, which allowed users to earn Ethereum-based tokens for their high-quality contributions to a specific subreddit. The tokens that users acquire can then be used to purchase … Read more
The recent banking crisis and the debt ceiling are creating a potentially explosive situation, according to BitMEX CEO Arthur Hayes. In his view, governments may resort to printing more money, leading to inflation, and this could cause individuals to panic and seek alternative assets such as cryptocurrencies. Hayes also noted the ongoing tensions between the … Read more
In the lead-up to the 2024 United States Presidential Election, the position of candidates on cryptocurrency is likely to be a topic of interest. It remains to be seen who will declare their candidacy for the position, but as the event draws near, various potential candidates may make their crypto stance known. One of the … Read more
Bitcoin can potentially enhance security in the online space by introducing the concepts of cause and consequence. According to Michael Saylor, the CEO of MicroStrategy, Bitcoin’s immutable, decentralized ledger allows for transparent and accountable record-keeping. This makes it harder for bad actors to manipulate data or deceive users. Additionally, Bitcoin’s proof-of-work consensus algorithm incentivizes miners … Read more
Ethereum’s Shanghai upgrade has simplified the process of identifying criminals using the blockchain platform. The upgrade reduces the computational power required to execute smart contracts, providing faster processing times and lowering transaction fees. This upgrade has also made the process more cost-effective, enabling more users to leverage the benefits of using the blockchain platform. The … Read more
A long-dormant Ethereum wallet used for an initial coin offering (ICO) has recently become active after lying dormant for years. The wallet, which holds more than 700,000 Ethereum tokens, contains roughly $190 million worth of crypto as of the time of writing. The wallet belonged to the ICO project ChronoLogic, which ceased operations in 2018 … Read more
Singaporean state-owned investment company, Temasek, has become the latest high-profile organization to invest in global cryptocurrency exchange, FTX. Although the terms of the deal have not been officially disclosed, reports suggest the investment is worth several hundred million dollars. FTX has gone from strength to strength over the past year, having recently raised $900 million … Read more
Glassnode, a renowned on-chain analysis platform, recently announced that Ethereum, the world’s second-largest cryptocurrency by market capitalization, has witnessed a significant surge in its mean block size, reaching a new 1-month high. This increase in block size is indicative of Ethereum’s ability to handle more data and transactions per block, effectively enhancing the network’s capacity. … Read more
Price of BAND have remained constant in the writing industry. However, recent updates within the Band Protocol ecosystem suggest that there may be more potential for growth as the project launches new features and forms strategic partnerships. The recent partnership between Band Protocol and Horizen, a public blockchain that provides a scalable ecosystem for decentralized … Read more
Bitcoin price has increased by 4% and is currently trading above $28,000. However, in order to continue its upward trend in the near future, BTC must clear the $28,500 resistance zone. BTC is exhibiting an accelerating pace above the $27,500 and $27,800 resistance levels. It is currently trading above $28,000 and the 100 hourly Simple … Read more
ETH price has seen a recovery wave above $1,850 against the US Dollar. To continue the positive trend, the cryptocurrency must clear $1,920 in the near term. At present, Ethereum is showing positive signals above the $1,850 resistance zone. The price is trading above $1,880 and the 100-hourly Simple Moving Average. On the hourly chart … Read more
The Shiba Inu (SHIB) cryptocurrency has witnessed a surge in network activity, having recorded the highest increase in three months. On May 26, 2,538 new SHIB addresses were formed, propelling the total number of addresses on Shibarium’s Puppynet testnet to more than 16 million. This growth in network engagement shows the cryptocurrency’s growing adoption and … Read more
The price of Cardano (ADA) is currently attempting to recover above $0.375, with the potential for bullish momentum if it can settle above the $0.3850 resistance zone. Against the US dollar, ADA’s price is exhibiting a slow upward trend from the $0.360 zone. It currently trades above $0.370 and the 100 simple moving average (4 … Read more
The market dominance of stablecoins pegged to the United States dollar has experienced shifts in the past year. While stablecoins like USD Coin (USDC) and Binance USD (BUSD) have seen their market share decline, Tether (USDT) has climbed back to its all-time high. In the past 12 months, USDC’s market share has dropped from 34.88% … Read more
In the digital age, memes have become a popular form of communication, particularly among younger demographics. They are widely shared on social media platforms and have permeated various sectors, including Web3 marketing. Memes offer relatability and humor, driving social sharing and fostering a sense of community, making them effective tools for brands to engage audiences … Read more
The past week witnessed DeFi encountering countless uncertainties and hacking incidents. The supposed flash loans facilitated the easy execution of attacks against the protocols. In several instances, the attackers drained the funds by exploiting price oracle failures, smart contract bugs, and vulnerabilities in the permissioned access controls. The two major attacks on Akropolis and Value … Read more
On 29 May 2023, Sally Ho’s technical analysis revealed that bitcoin (BTC/USD) was able to maintain a bid and trade above the 27000 figure, reaching the 27350 level. During this time, stops were elected above the 27149.97 and 27290.45 areas, both being upside retracement levels associated with selling pressure. Technical buying pressure had remained steady … Read more
China’s recent focus on the metaverse sector has raised questions about the sustainability of its strict crypto trading ban. The city of Zhengzhou aims to become a leading metaverse hub and has announced plans to develop the sector into a 200 billion yuan per year industry by 2025. The government has set up a 10 … Read more
According to Checkmate, the lead on-chain analyst at Glassnode, Bitcoin is currently at a critical juncture that could lead to a significant correction, as indicated by several metrics. Checkmate emphasized the importance of analyzing the behavior of Short-Term Holders, as they often drive notable price movements in BTC. One key metric to consider is the … Read more
What are NFT Royalties and How Do They Work? NFTs, or non-fungible tokens, have been making waves in the art world and beyond, disrupting the way we think about ownership and value. One of the key features of NFTs is the ability to attach a royalty to the token, allowing creators to earn a percentage … Read more
Recent data from IntoTheBlock has uncovered a concerning trend among Shiba Inu token holders, revealing that a significant number of individuals are facing substantial losses. Astonishingly, this represents 79.86% of all addresses associated with the token. These addresses collectively hold a staggering 887.86 trillion SHIB tokens, valued at $7.75 billion, accounting for 90.31% of the … Read more
Recently, Fabio Panetta, a member of the Executive Committee of the European Central Bank (ECB), announced that a legislative proposal for the digital euro would be presented by the European Commission in June. Furthermore, he stated that a decision on the next steps would be made in October. In an interview with the ECB’s official … Read more
Either through fortuity, opportune timing, or a fundamental belief in decentralized finance, many people held onto large amounts of Bitcoin that still remain in their possession today. These individuals, commonly referred to as Bitcoin whales, have a significant impact on the market and their actions can significantly influence prices. Bitcoin whales continue to search for … Read more
While hacking may seem cool, it is important to recognize that this image does not apply to cryptocurrency. Decentralized Finance (DeFi) attempts to separate itself from established banking and governmental structures, meaning that any breach of crypto coin security is essentially robbing everyday people. This article explores the major hacks in DeFi history and emphasizes … Read more
Within the past 24 hours, NEO has become the top performer among the top 100 cryptocurrencies by market cap. As shown by Coinmarketcap, the current trading value for NEO stands at $10.75 while handling $106.2 million in volume. The coin, which is ranked 59th, has a market cap of $760.2 million and has seen gains … Read more
As the BTC halving approaches and the market experiences another bearish move, hodlers may be wondering what this means for them and when the next halving will occur. One solution for traders is offered by Tradecurve, which provides a convenient trading platform that covers multiple markets using just one wallet, and no KYC is required. … Read more
Ethereum (ETH) has become one of the most popular and sought-after crypto coins in the market. However, investors are concerned about its future movements following the recent lockup of ETH tokens, which has reached new highs. Meanwhile, Collateral Network (COLT), a new player on the market, is attracting attention and making waves, with experts predicting … Read more
The Multichain team’s radio silence following several outages has left users with $1.5 billion in total value locked searching for answers. Meanwhile, Binance CEO Changpeng Zhao believes that the airing of a segment on crypto by China Central Television could signal the beginning of a bull run for Bitcoin. Ethereum co-founder Vitalik Buterin’s recent blog … Read more
Arbitrum-based Jimbo’s Protocol has been hacked resulting in the loss of $7 million worth of Ethereum. According to a tweet from Jimbo’s Protocol, the hacker exploited a bug in the company’s code to access the funds. The team has promised to cover the stolen funds with insurance and has already begun rebuilding the platform. Jimbo’s … Read more
Whale activity in the world of crypto can provide valuable insights into market sentiment surrounding digital assets. Recent data has shown that whales in the XRP market have been actively accumulating millions of tokens over a short period, particularly in the last three weeks, sparking intrigue and speculation among crypto enthusiasts. This surge in whale … Read more
The Hong Kong Police Force has recently launched a Metaverse platform called Cyberdefender. According to the announcement, the platform is designed to be an immersive training ground for officers to improve their cyber crime investigation skills. The platform is said to feature a variety of scenarios, such as investigating online fraud and tracking down cyber … Read more
Beijing has released a white paper that advocates for the development and innovation of Web3. Web3 is an emerging term that describes the next generation of the internet and its underlying technologies, including decentralized apps, blockchain, and crypto assets. The paper highlights the potential that Web3 has to revolutionize several industries and solve complex problems. … Read more
Despite the buzz around the PEPE meme coin, it appears that the SHIB token still has a dedicated community committed to its growth. Recently, the SHIB burn rate surged by 1500%, thanks to a significant transaction from the wallet tagged “cultpunks.eth.” This wallet burned 246.74 million SHIB, marking the second time in 30 days it … Read more
Within 24 hours, a top SHIB whale added $1.18 million worth of Shiba Inu. According to data from Etherscan.io, this whale was the nineteenth largest SHIB holder and had accumulated 140 billion SHIB. This whale acquired SHIB tokens in two separate transactions, marking its second major accumulation in 72 hours. Shiba Inu network and users … Read more
The recent gains displayed on the XRP price chart have allowed the altcoin to surpass a significant resistance level, maintaining bullish momentum despite a minimal movement on the weekly chart. The technical outlook for XRP suggests bullish strength in the market, with buying strength increasing and both demand and accumulation turning positive. The movement of … Read more
Amid concerns of a potential default by early June, President Joe Biden and Republican Kevin McCarthy have reached an “agreement in principle” to raise the multi-trillion dollar debt ceiling of the federal government. According to Reuters, the tentative agreement was made during a 90-minute phone call between Biden and McCarthy on May 27, as reported … Read more
The value of KAVA, the token affiliated with the Kava platform, has been a topic of interest due to its unpredictable market behavior. Starting the week trading at $1.03, the token experienced a boost to $1.23 on May 23, spurred on by positive news relating to its ecosystem. However, this was brief as KAVA then … Read more
In the past 24 hours, anonymous wallets have been involved in a series of transactions, transferring a total of slightly over 200 million Dogecoins among themselves. Notably, four transactions were identified, with two of them carrying 50 million DOGE each and the other two carrying 57 million DOGE each. This movement resulted in a total … Read more
Binance has started its shift to a new platform in Japan. The move is aimed at improving the exchange’s regulatory compliance. The new platform, which will comply with the Japanese Financial Services Agency’s regulations, will prioritize user safety and security. Binance Japan will also work towards building stronger relationships with Japanese authorities and paving the … Read more
Memecoins, which originated as a cultural phenomenon with the launch of Dogecoin in 2013, have undergone a significant transformation. Initially created as a satirical response to the irrationality surrounding cryptocurrencies, memecoins started as social tokens driven by online communities and shared interests. Their popularity was fueled by factors such as large total supplies and low … Read more
Binance, the leading cryptocurrency exchange, has partnered with Gulf Innohub to launch Binance Thailand. The new platform aims to provide secure and reliable digital asset trading for Thai investors. Gulf Innohub is a specialist in technology innovation, and this collaboration marks an exciting development for both companies. Binance Thailand’s ultimate goal is to create a … Read more
A malfunctioning maximal extractable value (MEV) sniping bot led to a loss of more than $400,000 for users who had sent funds to it. These users were part of an Alpha group and had paid 80 ETH in bribes to gain priority access for sniping the launch of Poo Finance tokens. However, the bot did … Read more
Patricia – Nigeria’s cryptocurrency company has halted withdrawals following a compromise of BTC and naira. The firm’s customers are currently unable to withdraw digital currencies or the local fiat currency, the naira. It is uncertain how long this suspension of withdrawals may last. The company urged its customers to remain calm while they investigate the … Read more
The Stargate community is proposing the elimination of the Fantom-USDC pool as a way to reduce risk. This comes amid concerns about the possibility of a similar exploit to a recent attack on another protocol. Stargate users have discussed the matter and found that the best course of action is to remove the pool until … Read more
Ledger – Crypto company has stopped providing its recovery service Web3 in Hong Kong. Furthermore, another crypto exchange (CEX) has experienced an outage. The Ledger recovery service Web3 allowed users to retrieve their private key for their cryptocurrency wallet in the event it was lost or stolen. However, the service has now been halted in … Read more
The world of cryptocurrencies is constantly evolving thanks to the rapid pace of digital transformation. With the emergence of new tokens, some offer exciting features for modern audiences. One platform that is set to revolutionize the meme coin landscape is DigiToads, offering stake-to-earn and play-to-earn features. These innovations will provide investors with opportunities as the … Read more
Bitcoin has managed to retain its position above the 200-week average, which is being seen as a positive sign by cryptocurrency traders. The 200-week average is considered to be a crucial support level for Bitcoin. The cryptocurrency has been trading above the support level for quite some time now, giving traders some confidence. Many analysts … Read more