Archives par catégorie: Business

BNB Displays Short-Term Bullish Momentum Amidst Massive Binance Outflows

BNB Displays Short-Term Bullish Momentum Amidst Massive Binance Outflows

Binance finds itself entangled in a lawsuit filed by the US Securities and Exchange Commission (SEC), dealing a heavy blow to BNB, the token issued by Binance. The allegations leveled against the crypto exchange suggest its involvement in unlawful activities, specifically multiple violations of securities laws. Consequently, the impact of these allegations manifested as substantial […]

MATIC Faces Long-Term Struggle For Growth As SEC Claims It’s A Security

MATIC Faces Long-Term Struggle For Growth As SEC Claims It’s A Security

MATIC is currently facing increased uncertainty as it has been officially classified as a security by the US Securities and Exchange Commission, as revealed in the recent filing against Binance. Consequently, the Polygon blockchain token experienced a significant drop of 31% within a week, setting a new record. However, there is some positive news as […]

Ethereum’s Vitalik Buterin, Polygon’s Sandeep Nailwal Donate $100 Million To COVID-19 Research

Ethereum’s Vitalik Buterin, Polygon’s Sandeep Nailwal Donate $100 Million To COVID-19 Research

Vitalik Buterin, co-founder of Ethereum, and Sandeep Nailwal, co-founder of Polygon, have pledged $100 million to help accelerate COVID-19 research and relief efforts in India.  With COVID-19 variants continuing to emerge and spread, and with a very high number of people experiencing long-term symptoms speeding up, research efforts are critical. How The Donation Will Be […]

Terra Classic (LUNC) Analysis: Is The $0.00012 Target Within Reach?

Terra Classic (LUNC) Analysis: Is The $0.00012 Target Within Reach?

During the past seven days, the price of LUNC, the cryptocurrency of Terra Classic, has displayed a back-and-forth movement characterized by alternating green and red candles. This pattern suggests a lack of dominance from buyers or sellers, indicating uncertainty in the market regarding the direction of the trend.  Related Reading: Bitcoin (BTC) Lower Timeframe Outlook: […]

Optimism Bedrock Upgrade: Transaction Fee Savings Hit $150,000 And Counting

Optimism Bedrock Upgrade: Transaction Fee Savings Hit $150,000 And Counting

The Optimism Bedrock marks a significant milestone in the network’s evolution. This groundbreaking upgrade, successfully launched on June 7, ushers in a plethora of major advancements, most notably an impressive reduction in network costs. By implementing a so-called optimized batch compression and leveraging Ethereum as a data availability layer, the Bedrock upgrade has achieved a […]

Bleak Dogecoin (DOGE) Social Sentiment Raises Questions About Price Reversal

Bleak Dogecoin (DOGE) Social Sentiment Raises Questions About Price Reversal

Dogecoin (DOGE) has recently found itself at the center of a storm caused by the US Securities and Exchange Commission’s (SEC) lawsuit against major exchanges Binance and Coinbase. As media outlets spread fear, uncertainty, and doubt regarding the legal proceedings, the market capitalization of this meme coin has experienced a significant drop. However, despite the […]

Cardano (ADA) Faces Obstacles In Reaching Key Level In June – Here’s Why

Cardano (ADA) Faces Obstacles In Reaching Key Level In June – Here’s Why

Cardano (ADA), along with numerous other major altcoins, experienced a significant downturn in recent days, causing considerable losses for investors. However, the downward trajectory of prices observed across the cryptocurrency market did not provide a reassuring signal for a potential reversal in the near future. As panic and uncertainty gripped the crypto space, holders of […]

Bitcoin (BTC) Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally

Bitcoin (BTC) Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally

Bitcoin (BTC), the largest cryptocurrency in the market, made a fake attempt to breach the $27,500 barrier on Tuesday. Since then, it has been trading sideways, moving within a narrow channel.  The 50-day Moving Average, which is the nearest resistance, is at $27,200. Meanwhile, the strongest support is at the 200-day MA, placed at $25,200.  […]

Crypto Investor Sentiment Refuses To Budge, But Can The Weekend Change This?

Crypto Investor Sentiment Refuses To Budge, But Can The Weekend Change This?

Crypto investor sentiment has been in the same place for over a month as investors have been hard-pressed to make a decision. This comes amid heightened regulatory headwinds with the United States Securities & Exchange Commission suing the likes of Binance and Coinbase. But could a change be coming soon? Crypto Fear & Greed Index […]

Bitcoin “Throwback” Could Trigger Flawless Technical Bottom Formation

Bitcoin “Throwback” Could Trigger Flawless Technical Bottom Formation

Bitcoin price is struggling after failing to make it above resistance last month. Combined with the recent pressure on the crypto market applied by the US SEC, things aren’t looking great for bulls. However, the correction has stopped precisely at a key level that could indicate a “throwback” is in process. If confirmed, BTCUSD could […]

Binance.US Suspends USD Deposits And Withdrawals Amid SEC Pressure

Binance.US Suspends USD Deposits And Withdrawals Amid SEC Pressure

Binance.US, in response to the aggressive tactics employed by the Securities and Exchange Commission (SEC) in its ideological campaign against the American digital asset industry, on its official Twitter handle has announced the suspension of USD deposits and impending fiat (USD) withdrawal pause. The exchange cites the need to protect its customers and platform amidst […]

Here’s How Current Bitcoin Capitulation Compares With Past Crashes

Here’s How Current Bitcoin Capitulation Compares With Past Crashes

On-chain data shows that Bitcoin short-term holders are depositing 0.82% of their supply to exchanges. Here’s how these inflows compare with past crashes. Bitcoin Short-Term Holder Inflows Have Been Elevated Recently The BTC market can be divided into two broad investor groups, one of which is the “short-term holder (STHs) cohort.” The STHs are investors […]

LUNC Token Continues To Surge During Market Uncertainty, What’s Behind It?

LUNC Token Continues To Surge During Market Uncertainty, What’s Behind It?

Terra Classic (LUNC), the original chain left behind after the Terra Luna/UST collapse, has given a glimmer of hope to investors over the past few days. LUNC went into an uptrend amid heightened market uncertainty and bearish investor sentiment. The token has registered impressive gains over the past few days, leaving one to wonder about the […]

Avalanche Approaches Vital Support Level, What Comes Next?

Avalanche Approaches Vital Support Level, What Comes Next?

Avalanche (AVAX) has experienced a bearish trend over the past few months, particularly after being rejected from the $17.50 price level. This rejection has allowed the bears to exert significant control over the price. In the last 24 hours, AVAX made a slight upward movement of 0.5%. On the weekly chart, it has lost approximately […]

Former SEC Chairman Deserves Appreciation From Ripple, Alderoty States

Former SEC Chairman Deserves Appreciation From Ripple, Alderoty States

Ripple General Counsel Stuart Alderoty, recently acknowledged the former United States Securities and Exchange Commission (SEC) Chairman, Late Harvey Pitt, in a tweet expressing gratitude towards his contribution.   He added that Ripple owes a debt of gratitude to Harvey for providing a comprehensive description employed by the SEC to enforce compliance with securities laws. Alderoty further […]

Crypto Market Tension: ADA, BNB, MATIC, SOL Crash Over 10% In Past Week

Crypto Market Tension: ADA, BNB, MATIC, SOL Crash Over 10% In Past Week

In a market heavily influenced by Bitcoin (BTC) and Ethereum (ETH), their slight price decline recently has been overshadowed by a more substantial fall in larger altcoins. Notably, Cardano (ADA), BNB (BNB), Polygon (MATIC), and Solana (SOL) have seen a more than 10% drop over the past week. This downturn traces back to regulatory actions […]