SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?
SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside the…
Serial Entrepreneur: Digital Ecosystem Favors Data Distributors Over Creators
According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regulation (GDPR) and California…
Ethereum Enters Oversold Territory, Can The Pump Send It To $6,000?
Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000. ETH Ready For…
Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still…
Binance Kazakhstan Receives Formal Consent for Regulatory License
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The…
Solana (SOL) 180-Day Consolidation Set to Break: Massive Rally Just Around the Corner?
Solana (SOL) has been holding above the $120 mark since experiencing a significant 24% retrace from its local highs. As the crypto market faces growing fear and uncertainty, Solana has remained one of the strongest performers this cycle, attracting…
Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues
Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov…
First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals…
Why Has Bitcoin Been Bearish Lately? CryptoQuant Head Chimes In
Bitcoin has continued its bearish momentum as its price has now slipped below $56,000. Here’s what could be behind this trajectory, according to CryptoQuant’s Head of Research. Bitcoin On-Chain Metrics Are All Giving Bearish Signals…
Vaneck Reveals Plans to Close Ethereum Futures ETF
On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that…
Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price
A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA…
Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal…
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.
Crypto Analyst Says It’s September 2016 For Bitcoin Again, What This Means
Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going…
Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data
Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges…
Uniswap settles CFTC charges, Polygon’s new ‘hyperproductive’ POL token: Finance Redefined
The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade.
Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom
Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a…
Crypto PACs spend $14M targeting crucial US Senate and House races
With most state primaries for the US House and Senate completed, the Fairshake PAC and its affiliates are supporting candidates in the November election.
Crypto Economy Falls to $1.91T, 34 Coins Hit Hard With Double-Digit Declines
While bitcoin has dropped 7.6% over the past week and ether has slid 7.98%, many other assets have faced notable declines. The Tron-based SUN token took the hardest hit, plunging 23.61% to become this week’s biggest loser. On the flip side…
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