Archives par catégorie: Business

Aave Extends Losses But Here Are The Short Selling Targets

Aave Extends Losses But Here Are The Short Selling Targets

After experiencing a promising start to the year, AAVE faced a setback when it encountered resistance at the $92 level, resulting in a 34% correction over a two-month period. The recent blow to the crypto market caused by the SEC suing Binance has further impacted the altcoin’s performance. In the past 24 hours, AAVE has […]

Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss

Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss

On-chain data shows yesterday’s Bitcoin crash from $27,300 to $25,800 alone sent 6.5% of the supply into a state of loss. Bitcoin Supply In Profit Shrunk Down To 62.5% Following The Price Plunge According to data from the on-chain analytics firm Glassnode, a further 1.26 million coins were lost after the latest price plummet. The […]

Bitcoin (BTC) Rollercoaster Ride: Is $23,000 The End Of The Line?

Bitcoin (BTC) Rollercoaster Ride: Is $23,000 The End Of The Line?

Bitcoin (BTC) has experienced a negative reaction following the SEC’s continued crackdown on the crypto industry. The regulatory body recently filed a complaint against the largest exchange in the industry, Binance, contributing to Bitcoin’s decline.  However, there may be a glimmer of hope for the cryptocurrency, as it has managed to recover the $26,000 level. […]

Cardano Founder Unveils SEC Motivation For Suing Binance

Cardano Founder Unveils SEC Motivation For Suing Binance

The US Securities and Exchange Commission (SEC) sued the world’s largest crypto exchange Binance and its founder for allegedly violating securities laws.  In light of this, Cardano founder Charles Hoskinson has expressed his concerns over the SEC’s complaints against Binance.  Cardano Founder Analyzes SEC’s Complaints Against Binance Charles Hoskinson to Twitter to disclose his belief […]

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase, the leading cryptocurrency trading platform in the United States, has recently found itself embroiled in a legal battle with the US Securities and Exchange Commission (SEC). The SEC filed a lawsuit on Tuesday, accusing Coinbase of operating without proper registration, thereby violating regulations designed to safeguard investors. This lawsuit has sent shockwaves through the […]

Not Immune To FUD? Binance Sees $1.5 Billion In Outflows In 24 Hours

Not Immune To FUD? Binance Sees $1.5 Billion In Outflows In 24 Hours

EThe United States Securities and Exchange Commission (SEC) announced on June 5 that it had sued the largest crypto exchange in the world, Binance, for alleged securities fraud. The announcement triggered a market crash as BNB’s price and others suffered, and users clamored to remove their crypto from the exchange. $1.5 Billion In Withdrawals In […]

Bitcoin Slips Below $26,000, Triggers Over $300 Million In Liquidations

Bitcoin Slips Below $26,000, Triggers Over $300 Million In Liquidations

The cryptocurrency market experienced a significant jolt as Bitcoin, the largest cryptocurrency by market capitalization, slipped below its previously plateaued threshold of $26,000. This downward movement has led to a surge in total liquidations, with traders losing more than $300 million within a span of 24 hours. The repercussions of this event are reverberating throughout […]

KAVA Holds In Green Despite Bears Taking Control Of Crypto Market 

KAVA Holds In Green Despite Bears Taking Control Of Crypto Market 

The cryptocurrency market has been volatile in the last day, with prices often experiencing significant fluctuations. However, while the market plummets, KAVA coin managed to defy the trend by surging 10% in a single day between June 5 and the early hours of June 6. As of the time of writing, KAVA still shows massive […]

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

Renowned exchange Kraken is battling issues with its crypto funding gateways, which include BTC, ETH, and ERC-20, as users experienced delays in deposits and withdrawals.  On their status page, Kraken informed users that the Kraken Futures platform would not be available for approximately 10 minutes on June 6, 2023, at 10:30 UTC. As such, users […]

Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode

Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode

Amid the continuous downward trend in the global crypto market, leading on-chain analytics firm Glassnode yesterday reported some significant movement recorded in the Bitcoin (BTC) and Stablecoin markets. According to Glassnode, the dominance of Bitcoin and stablecoin flows have seen “dramatic shifts” over the years. Changes In Bitcoin Supply Ownership In a series of tweets […]

What Are BRC-20 Tokens

What Are BRC-20 Tokens

In the fast-paced cryptocurrency world, technological advancements and upgrades occur at an astonishing rate. Staying informed about these developments can be both intimidating and imperative, as you wouldn’t want to overlook the next big thing in crypto. The blockchain industry has expanded significantly, transitioning from relying solely on the Bitcoin blockchain to comprising numerous blockchains […]

Dogecoin Plunges 7% As Whales Make Large Moves

Dogecoin Plunges 7% As Whales Make Large Moves

Dogecoin has plunged more than 7% during the past day as data shows that whales have made some large movements. Dogecoin Whales Move Large Amounts On The Chain According to data from the cryptocurrency transaction tracker service Whale Alert, five large transactions have been spotted on the DOGE blockchain during the last 24 hours. Three […]

Shiba Inu Investors Go All-In: 338 Billion Token Accumulation Signals Bullish Cue

Shiba Inu Investors Go All-In: 338 Billion Token Accumulation Signals Bullish Cue

Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, is experiencing a notable change in market dynamics as the tide seems to be turning in favor of bullish sentiment.  Over the past week, there has been a remarkable surge in confidence among large-scale investors who have demonstrated their support for SHIB by acquiring billions more tokens than […]

Reggie Fowler, Ex-Minnesota Vikings Co-Owner, Gets 6 Years Jail Term For Crypto Scam

Reggie Fowler, Ex-Minnesota Vikings Co-Owner, Gets 6 Years Jail Term For Crypto Scam

Reggie Fowler, a former owner of NFL team Minnesota Vikings, has been meted a six-year prison sentence by a New York judge because of his involvement in a crypto fraud scheme. This scheme encompassed more than $700 million in unregulated transactions carried out over a period of 10 months in 2018.  The 63-year-old Vikings co-owner […]

Pepecoin Frenzy Fades: How Meme Token’s Price, Market Cap Were Cut In Half

Pepecoin Frenzy Fades: How Meme Token’s Price, Market Cap Were Cut In Half

Pepecoin (PEPE), a once-promising meme token, has recently faced a significant setback, witnessing a staggering decline in both its price and market capitalization. The fervent frenzy that once surrounded this meme-inspired digital asset has faded, leaving investors questioning the future of Pepecoin. Pepecoin initially captured the attention of crypto enthusiasts and meme lovers alike, leveraging […]

Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

Ethereum price gained bearish momentum below $1,860 against the US Dollar. ETH is showing a lot of bearish signs and might drop to $1,720. Ethereum is down over 4% and trading well below $1,900. The price is trading below $1,840 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend […]

Bitcoin Weekly Momentum Crosses Bearish For First Time In 2023

Bitcoin Weekly Momentum Crosses Bearish For First Time In 2023

In a significant development this week, Bitcoin price has crossed bearish on the weekly LMACD (Logarithmic Moving Average Convergence Divergence), marking the first time this has occurred in 2023. Does this mean further decline for BTCUSD, or do bulls still have a chance to save the recent uptrend? Bitcoin Momentum Takes A Turn For The […]

US SEC Sues Binance, Fails To Mention Ripple (XRP) As Security

US SEC Sues Binance, Fails To Mention Ripple (XRP) As Security

In a shock move that has forced the cryptocurrency markets lower, the United States Securities and Exchange Commission (SEC) on June 5 sued Binance, the world’s largest cryptocurrency exchange, accusing them of 13 charges, one of which is allegedly enabling the trading of unregistered securities. Top of the list, the regulator said, was that Binance allegedly […]

Crypto Clash: Bitcoin Bulls And Bears Wrestle For Control At Key Support Level

Crypto Clash: Bitcoin Bulls And Bears Wrestle For Control At Key Support Level

Bitcoin (BTC) and other cryptocurrencies have taken a hit in the wake of recent news regarding Binance, the world’s largest cryptocurrency exchange by trading volume. The market has reacted with concern to the disclosure of a complaint against the exchange, which has sparked a wider downtrend throughout the cryptocurrency industry. As of this writing, Bitcoin […]