Market Analysis and Predictions 35

Stellar Development Foundation Publishes Framework to Enhance Financial Inclusion

The Stellar Development Foundation has released a financial inclusion framework that provides insights into the role of blockchain technology in facilitating payments both locally and internationally. The framework was developed in cooperation with PricewaterhouseCoopers International (PwC) and focuses on four countries: Kenya, the Philippines, Columbia, and Argentina.The framework provides a methodology to assess the capabilities […]

Comparing Centralized and Decentralized Crypto Exchanges

MultiBank.io is a trading platform that supports 90+ crypto trading pairs and can handle 9 million trades per second. It offers low fees and an impressive 125:1 leverage on certain digital assets, including Bitcoin and Ethereum. Fiat to crypto transfers are enabled via credit and debit cards, bank transfers and Apple Pay. MultiBank also acts […]

Eurozone Central Banks Move Forward with Wholesale CBDC Plans Despite Privacy Coin Surge

Central Banks in the Eurozone are planning to launch a wholesale Central Bank Digital Currency (CBDC) in the near future. This CBDC is designed for financial institutions and businesses, and is intended to streamline financial operations and enhance efficiency in settling transactions. The Central Bank is exploring various protocols, blockchains, and even a proprietary Distributed […]

Russian Crypto Exchange CommEx to Welcome 1M Binance Users Amid Regulatory Pressure

Binance, one of the world’s largest cryptocurrency exchanges, is withdrawing from Russia due to pressure from US regulators. This has led to the acquisition of Binance’s Russian operations by CommEx, a company that anticipates approximately one million customers to transition to its platform. However, not all of Binance’s Russian customers are expected to migrate to […]

Judge Dismisses SEC Appeal in Ripple Case, XRP Price Spikes to $0.55

The US Securities and Exchange Commission (SEC) and Ripple have been in a legal battle for some time now. On October 3, a federal judge dismissed the SEC’s appeal, ruling that Ripple’s XRP sales years ago did not constitute an offer of investment contracts. This decision has given Ripple an upper hand in the legal […]

Stars Arena Gains Popularity, Surpasses $1 Million in TVL

Stars Arena, a decentralized social media (DeSo) application, has caused a major uptick in activity on Avalanche’s C-chain network. This has resulted in an 8% increase in the price of the network’s native AVAX token in the last 24 hours. Launched in late September, Stars Arena has seen the total number of daily transactions on […]

Former BlackRock Execs Predict Approval of Spot Bitcoin ETF in 3-6 Months

Steven Schoenfield, a former managing director at BlackRock, the world’s largest asset manager, and current CEO of MarketVector Indexes, believes that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) within the next three to six months. This is a shift from his previous outlook of nine to twelve […]

JPEX Begins Restricting Withdrawals, Allegedly Converting User Balances to Non-Withdrawable Cryptocurrency

JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An unidentified user claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable to withdraw their […]

Solana Token Faces Bearish Outlook as FTX Liquidation Looms

Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish continuation for Solana in Q4.The coin has been charting within a technical pattern called the “rising triangle”, with a flat […]

Celsius Network to Repay Creditors with $2 Billion in Crypto Assets

Celsius Network, a bankrupt digital asset lender, has presented a restructuring plan in a US bankruptcy court filing that will generate funds for a new corporate spinoff, dubbed “NewCo”, and repay customers. The plan provides for a distribution of at least $2.03 billion of cryptocurrency to creditors, subject to fluctuations in the cryptocurrency market. NewCo […]