Polygon’s MATIC is showing bullish signs above $0.550, with high chances of more gains toward $0.70. The price recently broke a crucial bearish trend line with resistance near $0.550 on the daily chart.MATIC’s price had steadily declined from the $0.90 resistance in the past few weeks, trading below the $0.72 and $0.65 support levels. The […]
Kraken, a US-based cryptocurrency exchange, has recently seen its most substantial Bitcoin deposit since 2018. This deposit of 14,924 Bitcoin has sparked speculation that the cryptocurrency could break beyond the $30,000 mark, as it has experienced a 5% price increase in the past week.On-chain data reveals that large-volume inflows on renowned exchanges like Kraken have […]
The U.S. market welcomed nine highly anticipated Ethereum-based Exchange Traded Funds (ETFs) on Monday. Despite the excitement, a prominent market analyst has noted that the ETFs have underperformed in trading volume since their launch.Eric Balchunas, a Senior ETF Analyst at Bloomberg, commented on the ETF rollout. He noted that none of the ETFs have outperformed […]
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) called Project Atlas to track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, the project aims to provide insights, information and economic […]
Arthur Hayes, former CEO of crypto exchange BitMEX, believes that a new Bitcoin and crypto bull market could be on the horizon due to ballooning yields in the U.S. treasury. This phenomenon, known as a “bear steepener”, occurs when long-term interest rates rise more quickly than short-term ones. Banks are unable to account for this […]
Ripple has achieved a major legal victory in Singapore, with the Monetary Authority of Singapore (MAS) granting the company a license to operate as a digital payment token services provider. This development has opened the door for Ripple to expand its operations across the Asia Pacific region.The news has been well-received by the cryptocurrency community, […]
Cardano (ADA) has been making impressive strides in the ever-volatile cryptocurrency market, with its value reaching a month-high of $0.26 on October 2nd. The development team, led by Input Output Hong Kong (IOHK), has been hard at work, with 1,287 active projects and 572 events in its GitHub repositories in September. The team has also […]
Ripple achieved another legal victory as a federal judge dismissed the SEC’s appeal to a July ruling. Following this win, XRP’s price surged to nearly $0.55 amid a broader cryptocurrency market decline, marking its second significant price increase in response to legal developments.The trial in the lengthy lawsuit between Ripple and the SEC is scheduled […]
US District Judge Analisa Torres has denied the Securities and Exchange Commission’s (SEC) request to appeal part of her recent decision in its lawsuit against Ripple Labs over its sales of the digital token XRP. In July, Judge Torres found that some of Ripple’s institutional sales of XRP were unregistered securities offerings in violation of […]
The SEC and Ripple Labs are gearing up for a courtroom showdown in April 2024, after Judge Analisa Torres denied the SEC’s request for an interlocutory appeal on October 3. The verdict of the trial could have a major impact on the crypto landscape. Ripple’s native cryptocurrency XRP spiked 5% following the ruling. In July, […]
