Yesterday, JPMorgan analysts shared a positive outlook for the near-term trajectory of the crypto markets. According to their analysis, Bitcoin futures data suggests there is “limited downside” for crypto markets in the near future.Last week, the market took a hit when news broke that Elon Musk’s SpaceX sold some of its bitcoin holdings and China’s […]
The Optimism Foundation and Base, a Coinbase-backed Layer 2 platform, have announced a proposal to share governance of OP Chains. Base will receive a grant of 118 million OP tokens spread over six years, in order to reward their contributions to scaling Ethereum and the OP Stack. The grant also ensures Base’s long-term commitment to […]
Cryptocurrency presales are an attractive prospect for investors, offering the chance to get involved in crypto initiatives before they become more widely known. Two high utility crypto presales are reviewed in this post: yPredict and Launchpad XYZ.yPredict is an AI-driven platform that provides traders and investors with data-driven insights and analytical metrics. It integrates machine […]
XRP20, a decentralized exchange (DEX) token, has been trading on Uniswap since August 22. Despite the general crypto market weakness, its price has been resilient. Today, the XRP20 team announced that 5% of the total token supply will be burned, reducing the total supply and creating greater scarcity. This burn event is in addition to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
This week’s Crypto Biz explores the latest developments in the global regulatory landscape for crypto companies, particularly in the United States. Coinbase and Circle have decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins. Binance.US has announced a partnership with MoonPay featuring the dollar-pegged stablecoin Tether […]
Visa and Mastercard have recently distanced themselves from Binance, one of the world’s largest cryptocurrency exchanges. This decision comes only weeks after Binance has been facing multiple legal challenges in the United States.Experts believe that this move is unlikely to hurt the crypto exchange, as Binance has been able to successfully navigate similar challenges in […]
Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. This has strengthened the narrative that interest rates are likely to remain higher for longer. After a brief sell-off, the United States […]
The U.S. Drug Enforcement Administration (DEA) was recently tricked by a crypto scammer, resulting in a loss of over $50,000 in USDT. The scammer used a technique known as address poisoning, which involves sending transactions of no value to a victim’s account from a similar address. The DEA had seized approximately $500,000 in Tether from […]
This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and blockchain security provider Quantstamp has introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum […]
