Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on exchanges during this period.  300,000 Bitcoin Sold On Exchanges In May According to CryptoQuant, a data explorer, […]

A former FTX regulatory officer, Daniel Friedberg, has come forward to back the lawsuit against FTX celebrity promoters, adding weight to the allegations leveled against the cryptocurrency exchange. Due to his knowledge of the company’s internal compliance practices, Friedberg’s decision to support the legal action is a significant blow to FTX. Notably, the lawsuit started […]

Popular Bitcoin hard fork and one of the earliest cryptocurrencies, Litecoin (LTC), have recorded some interesting network activity in recent times. According to data from the on-chain analytics platform, Santiment, the number of daily active network addresses on Litecoin has increased by over 400,000 since the start of May.  However, Litecoin has only experienced a […]

PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11. PayPal Shares Crumbling Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in […]

Despite the prevailing bearish trend in the crypto market, venture capital firms consummated several deals worth billions in the first quarter of 2023. Data from PitchBook’s Crypto Report for Q1 2023 disclosed that crypto firms generated $2.6 billion through 353 investment rounds.  Though the level of deals from the companies indicated the viability of the […]

OKX Wallet has announced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following wide discussions about the waning influence of Binance, the world’s largest cryptocurrency exchange. OKX Launches Cryptopedia; Partners With Radiant And Marinade  In a GlobeNewswire press release dated May 13th, 2023, OKX […]

Market analysts are watching Ripple’s XRP for a potential price surge against the world’s leading digital currency, Bitcoin. XRP, known for its lightning-fast transaction speed and secure blockchain technology, has recently experienced a rollercoaster ride due to its lawsuit with the US Securities and Exchange Commission. However, an XRP and BTC chartist, Cryptoes, predicts a […]

Popular memecoin PEPE is currently soaring as it attempts to pull off a market recovery. In a week marred by losses of varying sizes, the hottest coin of the meme season was not exempted, losing 46.1% of its market value within this period. The past week was quite bearish for the entire market as the […]

Since the beginning of this year, Polkadot has been on a roller coaster ride as the general cryptocurrency market has fluctuated over the past months. Recently, the price of Polkadot (DOT) has experienced negative sentiment, causing a slight decline in the coin’s value. The coin’s price slightly decreased from $5.51 to $5.12 on May 9, […]

In 2022, Ethereum formally adopted Proof of Stake (PoS) as a more secure and energy-efficient method to validate transactions and add new blocks to the blockchain. PoS and other consensus mechanisms are integral to the security of a network. This shift has significant implications for the Ethereum ecosystem, particularly in terms of staking – the process […]

Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here. That said, Lido Finance continues […]