Yearly archives: 2022

Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short-term. Bitcoin was able to clear the $17,450 and $17,500 resistance levels. The price is trading above $17,500 and the 100 hourly simple moving average. There was a break above a …

Continue reading “Bitcoin Price Hints At Potential Reversal, Buy The Dip?”

Toincoin is trading at $2.30, gaining 10.61% in 24 hours. The price change in this period is 0.3172. The 24-hour low is $2.05, while the 24-hour high is $2.37. Despite the recent events in the crypto space, TON has enjoyed a positive price surge today, recording gains in a volatile crypto market. The trading volume …

Continue reading “Toncoin (TON) Leads Market Gains With Over 27% In A Week”

The largest crypto exchange in the world, Binance has experienced the most significant Bitcoin withdrawal in its history, per recent data. The company might face a bank run as crypto investors’ confidence continues to decline following the collapse of trading venue FTX and a U.S. investigation into major crypto exchanges.  At the same time, positive …

Continue reading “Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit?”

The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities. More recently, during the crypto winter of 2022, some catastrophic events led to negativity among crypto users. The collapse …

Continue reading “Crypto Exchange Binance Refutes Allegations Of Money Laundering”

PancakeSwap (CAKE) has been trading against the broad market, especially when major market movers have rallied. The coin has lost 0.8% over the last 24 hours and still depicts no decisive price action on the chart. Despite the CPI data release, the coin has remained unaffected by that development. CAKE traders are still wary of …

Continue reading “PancakeSwap (CAKE) Slides Below Range, Is This An Entry Point For Buyers?”

The Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity in a Dec. 13 court filing — in contrast to statements from chief Rostin Behnam on Nov. 30 suggesting that Bitcoin was the sole cryptocurrency that should be viewed as a commodity. According to the CFTC, as per their filing today, ETH …

Continue reading “CFTC declares Ether as a commodity again in court filing”

Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for crypto and NFT app developers, at least in Europe. Under the new rules, European customers would be able to download alternative …

Continue reading “Apple to allow third-party app stores in windfall for NFTs and crypto”

Charles Hoskinson thinks smart contract protocol Solana (SOL) could theoretically become a sidechain of the Cardano (ADA) network. During a new YouTube AMA session, Hoskinson lays out what sidechain partnerships look like on Cardano. “For six years now, we’ve been talking about this, thinking about this, pushing this forward, this concept that you have one …

Continue reading “Charles Hoskinson Says Solana (SOL) Could Become Sidechain of Cardano (ADA) – Here’s Why”

The largest crypto exchange by trading volume is undergoing a stress test as reports surface that Binance may be under US investigation. Yesterday, it was reported that Binance and its CEO Changpeng Zhao were under federal investigation for potential money laundering violations. Now, crypto data analyzer Nansen says over $3 billion in net capital has been withdrawn from …

Continue reading “Binance Sees More Than $3,660,311,347 in Net Withdrawals As World’s Largest Crypto Exchange Gets ‘Stress Test’”

Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algorand-supported platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an EU Member State will use blockchain …

Continue reading “Algorand to support bank and insurance guarantees platform in Italy”

Only one of the following news items is real, but someday, all will sound equally comical. Headline, 1896: The owner of Wagoneer & Sons, a leading horse-drawn carriage maker, has announced the adoption of a new machine called the “internal combustion engine” to improve its manufacturing process. “Gas engines are powerful but dangerous,” the owner …

Continue reading “What Goldman Sachs’ CEO misunderstands about private blockchains”

Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD — or fear, uncertainty and doubt — within the crypto ecosystem.  According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ …

Continue reading “Crypto community members discuss bank run on Binance”