Bitcoin has shrugged off the robust U.S. jobs data that was released recently, which is forecasting tighter monetary policy. Despite the news, Bitcoin has remained relatively stable, indicating that the cryptocurrency is not as affected by traditional economic indicators as other markets.The U.S. jobs data showed that the economy added 266,000 jobs in November, which […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
The now-bankrupt FTX exchange, its sister company Alameda, and venture capital firm Andreessen Horowitz (a16z) have reclaimed over 11.5 million SOL tokens worth about $255 million amid the bankruptcy proceedings. The crypto assets held by FTX totaled $3.4 billion, with SOL holdings topping the pile at $1.16 billion. Galaxy Finance is managing the crypto holdings, […]
Elon Musk, the billionaire entrepreneur, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena for his testimony related to his acquisition of Twitter/X shares. The SEC has accused Musk of not appearing for a testimony scheduled for September 15, which had been served to him […]
Sam Bankman-Fried, the founder of Alameda Research, a trading desk, and Gary Wang, one of the co-founders of the cryptocurrency platform FTX, have been embroiled in a legal battle. Wang has accused Bankman-Fried of wire fraud, alleging that Alameda Research had access to privileged information and resources on FTX, including the ability to withdraw funds […]
Analyst DonAlt, who accurately predicted the crypto bottom in November of 2022, is expressing bullish sentiment on Chainlink (LINK). DonAlt has 53,400 YouTube subscribers and tells them that Chainlink is one of the “best-looking altcoins” in regards to price action. He believes that if the range breaks out, it could go to $14 or double […]
Binance, one of the world’s largest cryptocurrency exchanges, has seen its market share drop for the seventh consecutive month in September 2023. According to data from cryptocurrency data provider CCData, Binance’s spot market share fell from 38.5% in August to 34.3% in September, and its derivatives market share tumbled from 53.5% to 51.5%.Research analyst Jacob […]
Gary Wang, former CTO of FTX, testified in court on the third day of SBF’s trial. He pleaded guilty and admitted to committing crimes at FTX with Nishad Singh, Caroline Ellison and Sam Bankman-Fried. Wang revealed that FTX made money through trading fees and that the sister platform Alameda Research was created to make it […]
Harambe Token is a revolutionary artificial intelligence meme token that is set to disrupt the cryptocurrency trading space. It is backed by a powerful A.I. neural network auto-trading bot that is built upon years of historical trades, elite hedge fund strategies, and the wisdom of seasoned traders. The token is designed to democratize financial returns […]
Ripple’s XRP is following a bullish path above the $0.50 pivot zone. A major rising channel is forming with support near $0.5140 on the 4-hour chart. The price could dip to $0.5140 before it marches higher and clears the $0.550 resistance.Earlier this week, the XRP price increased strongly from the $0.505 support zone. The price […]
