Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court.The $873 million in assets will be source ...

Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko.Out of 2,817 games launched between 2018 and 2023, which were included in the study, only 690 of them still have a somewhat active player base. ...

Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the a ...

KyberSwap DEX hacker sends an on-chain message: Be nice, or else

The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”In an on-chain message addressed to KyberSwap executives, tokenholders and ...

Why is Dogecoin price down today?

The price of Dogecoin (DOGE) is down today, mirroring trends elsewhere in the cryptocurrency market.Why is Dogecoin price down today?On Nov. 28, DOGE's price dropped over 3.5% to $0.076, underperforming the crypto market, which fell by around 1.25% in the same period. The memecoin's price ...

Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27.However, lower l ...

Bankless controversy forces founders to burn tokens and separate from DAO

Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO.Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a g ...

Circle and SBI Holdings partner to boost USDC circulation in Japan

Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin ...

Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher

Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and ...

XRP price bull flag hints at 20% rally by New Year’s

XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup.XRP price enters bull flag breakout stageThe so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the ...

This exchange signed soccer legend Andrea Pirlo as global ambassador to celebrate sixth anniversary

CoinW, a major cryptocurrency exchange, has announced a new partnership with Andrea Pirlo, a renowned soccer player.There are plenty of similarities between the worlds of sports and crypto. Both have passionate supporters and vibrant communities — striving to achieve excellence. Eac ...

Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick ...

Ethereum (ETH) price reclaims $2K as data shows a surge in network activity

Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether's price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improv ...

XRP price faces Q4 rout and 20% drop

XRP (XRP) price has dropped 18.5% from its local high of $0.67 on Nov. 23. And, it appears the cryptocurrency will suffer more selloffs in the coming weeks.XRP technicals hint at extended correctionXRP has failed to break above a descending trendline resistance since January 2018. A ...

Director YOLO’d $4M of Netflix budget into Dogecoin, made $27M: Report

The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin (DOGE) and made $27 million in the process.Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according to a Nov. 22 report in The New ...

Appeals court rejects Sam Bankman-Fried’s bid for release

FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried&rsq ...

Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and ...

Rethinking Bitcoin ‘dominance’ at 51% — A misleading metric?

Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" mi ...

BNB price rallies on news of DOJ-Binance settlement

BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ" Zhao ...

Fantom Foundation awards $1.7M bounty for preventing $170M drain

The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October.On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s f ...

BNB pops after report that DOJ wants $4B settlement with Binance

BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company.Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes ...

Crypto traders are looking at Dogecoin (DOGE) again — Here is why

When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020 to 2021 bull market when Dogecoin (DOGE) chased after $1, Shiba Inu (SHIB) rallied by tens of thousands of percent ...

Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the United States Dollar Index has started to turn down.&nbs ...

Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’

The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it's based.In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued i ...

SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather

Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejecti ...

dYdX raises margin requirements in some markets, bans “highly profitable trades”

Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several ...

One year on: Top 3 gainers after the ‘FTX crash bottom’

It's been a year since the demise of the FTX exchange — an event that's now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago.In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several crypto ...

Yearn.Finance token tumbles 43%, community speculates on exit scam

Yearn.Finance's governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped out in market capitalization from November's ...

3 metrics DeFi traders can watch in order to spot the next crypto bull market

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 bil ...

Is the altcoin season here? How to trade small-cap coins amid high volatility

Bitcoin might have pulled the crypto market from its multi-month sluggishness, but the big winners right now are altcoins, as many cryptocurrencies have outperformed BTC during the last few weeks. Does the crypto market ignite the engine for another altcoin season? How to benefit from this ...

Bitcoin traders’ BTC price dip targets now include $30.9K bottom

Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper BTC price comedown.BTC/USD 1-day chart. Source: TradingViewBitcoin traders map out likely bottomsData from Cointelegraph Markets Pro and TradingView followed a retracement from intraday h ...

Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone con ...

New York finance regulator tightens crypto listing guidance

Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator.The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto co ...

Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain eco ...

Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs.  ...

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to th ...

Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), ...

Elon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claim

The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.In a Nov. 13 X (formerly Twitter) ...

Why is Solana (SOL) price down today?

Solana's native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment ...

Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCh ...

Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze

Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months.In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital.Crypto inst ...

THORChain becomes third largest DEX as Rune surges 50% in a week

Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE).Over the last week, THORChain’s trading volume h ...

VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 tim ...

Why is Solana price up this week?

The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58. That is Solana's best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphor ...

Solana price hits a new 2023 high — What’s behind the SOL rally

Solana's native token (SOL) experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX's bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the faile ...

Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC).M ...

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futur ...

Is it altseason? Altcoin 30-day performance and total market cap flash bullish

A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typica ...

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization.While the price action is a welcom ...

Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coin ...

Toncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’

Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 bill ...

Cardano upgrade delays tied to ‘boring’ academic approach — CEO

Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach ...

Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs emp ...

Solana price corrects as recent (SOL) rally factors come under question

Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity suppo ...

Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback.However, in an uptre ...

Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?

The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2 ...

3 reasons why Ethereum price is underperforming altcoins

Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether's 17% return over the last 30 days falls short of Bitcoin's (BTC) impressive 27% gain during the same period.Regulatory hurdles ...

Will the next crypto bull run be dominated by L1s, L2s or something else?

The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polyg ...

Monero’s community wallet loses all funds after attack

A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the b ...

Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move.A mild cor ...

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has ...

SEC seeks summary judgment in Do Kwon and Terraform Labs case

The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do ...

‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%

Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency.Fam I have something embar ...

Solana gains 80% in a month as Firedancer goes live on testnet

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the testnet launch of the blockchain’s loawaited scaling solution Firedancer.SOL reached over $41 on Nov. 2 touching highs it hasn’t seen since August last year, Cointelegraph Markets Pro dat ...

Ethereum futures premium hits 1-year high — Will ETH price follow?

Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC ...

Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin extend its recovery going forward?Bernstein s ...

Unibot contract $560K exploit crashes token price by more than 40%

A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited to hack roughly $560,000 in various memcoins from users.On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ong ...

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course.However, the path higher may not ...

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlight ...

Price analysis 10/27: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overboug ...

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level.Chainlink (LINK) tok ...

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launchAs of Oct. 27, FLOKI had surged over 140% to $0.00004261, ...

Is Bitcoin overheated? Some believe the answer is hiding in PEPE

Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin.In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that ...

Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT la ...

‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges

More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession.The so-called “magnificent seven” refers to the top seven blue-chip tech firms i ...

Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around.Market participants ...

Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.In an Oct. 24 filing in a New York District Court, Coi ...

Uniswap founder burns $650B HayCoin against speculation

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.Adams deployed the ...

Price analysis 10/20: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Bitcoin (BTC) rose above $30,000 on Oct. 20, indicating that the path of least resistance is to the upside. Grayscale Investments filing a new application with the United States Securities and Exchanges Commission for a new spot Bitcoin ETF may have acted as a bullish trigger.In another po ...

Community reacts to SEC dropping XRP case and LBRY shutdown

Ripple’s new win in the legal battle against the United States securities regulators has been marred for crypto enthusiasts by news of the blockchain platform LBRY shutting down operations, which has triggered the community to react.The U.S. Securities and Exchange Commission (SEC) a ...

‘This will be our last post’ — LBRY throws in towel against the SEC

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LB ...

Sui token struggles to regain despite denial of ‘unfounded’ allegations

Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain. SUI token gained a little under 1% in the last 24 hour ...

Reddit to wind down blockchain-based rewards service ‘Community Points’

Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some futu ...

TrueCoin’s third-party vendor breach potentially leaks TUSD user data

Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised. TrueCoin was the operator of the TUSD stablecoin till July 13, 2023. On Oct. 16, a third-party vendor&r ...

Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance

Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer ...

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.The risk-on sent ...

Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However ...

OpenSea Responds to Accusations Involving Former Employee in AnubisDAO Incident

OpenSea, a well-known non-fungible token (NFT) platform, has responded to recent accusations on social media regarding the involvement of a former employee in the AnubisDAO rug pull incident of 2021. The accusations, made by an anonymous account called NFT Ethics, suggested that Kevin Pawlak, a form ...

Chainlink (LINK) On-Chain Activity Surges Amidst Major Developments

Chainlink (LINK) has been experiencing a surge in on-chain activity, coinciding with a significant price increase since September 18, 2023. This surge in LINK's price began when reports emerged about a major bank partnering with Chainlink to test the cross-chain interoperability of an Australian dol ...

Balancer Website Compromised in DNS Attack, $238,000 Stolen

The Balancer team has stated that a social engineering attack on its domain registrar, EuroDNS, was responsible for the compromise of its website's frontend on September 19. This incident resulted in an estimated $238,000 in cryptocurrency being stolen. Balancer DAO actively addressed the DNS att ...

Arbitrum’s fraud proofs haven’t been used in the two years since it launched

Since its launch in August 2021 with its built-in security feature, Arbitrum's mainnet has remained untouched by any fraud proof submissions, as confirmed by Ed Felten, the co-founder and chief scientist of Offchain Labs, the team behind Arbitrum. Arbitrum operates as an Ethereum layer-2 solution ...

Why is Stellar (XLM) price up this week?

The Stellar token experienced a notable 11.5% increase in value between Sept. 2 and Sept. 8, a novelty given that Bitcoin and most altcoins are down for the week. The surge came after Stellar (XLM) tested the $0.113 support level, which marked its lowest point in the past eight weeks. T ...

Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

The bulls tried to shake Bitcoin (BTC) from its slumber on Sept. 7 but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” u ...

Human vs. AI: Who is better at crypto investing?

Cointelegraph video journalist and YouTube host Giovanni Pigni challenged ChatGPT to a crypto investment game. Both contenders had $100 to build a strong crypto portfolio and make as much money as possible in two weeks. The goal of the experiment was to find out whether artificial int ...

Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing ...

Ripple CTO says ‘tide is turning’ on US regulatory environment

A court ruling that cleared Ripple's XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applicat ...

Bitcoin price can hit $46K by 2024 halving — Interview with Filbfilb

Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes.In his latest interview with Cointelegraph, the co-founder of trading suite Decentrader reveals some BTC price targets that should resonate with the long-term holder base. ...

Price analysis 9/6: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with certainty. CoinGlass data shows that Bitcoin has fallen for six consecut ...

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the com ...

Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?

Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indica ...

Tracking profits and losses on crypto trades just got easier

All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade.In a fast-moving market, keeping on top of your financial position isn’t easy. Just recently, Bitcoin (BTC) post ...

Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares

Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins including Ether (ETH), suggesting it's the “most loved altcoin amongst investors” according to CoinShares.In a Sep. 4 Digital Asset Fund Flows weekly report,&nbs ...

Crypto casino Stake reopens withdrawals just 5 hours after $41M hack

Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — ...

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

The United States' equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a m ...

Bitcoin flatlines again but TON, LINK, MKR, XTZ are poised for up-move

Bitcoin (BTC) tried to break out of its range in the first half of last week but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns ...

Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the 1 million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 900, ...

Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the one million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 90 ...

FTX wallet shifts $10M in crypto, sparking fear of token dumps to come

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings. According to data from block ...

Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC ...

Worldcoin signs up over 9K users in Argentina in a single day despite criticism

Human ID project Worldcoin signed up over 9,500 users in Argentina in a single day in August, setting a record for single-day signups. To achieve this feat, facilitators onboarded participants at an average rate of less than nine seconds per person, according to an Aug. 31 announcement from the p ...

When will it be too late to invest in Bitcoin?

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s ...

Can PEPE make a comeback? Traders, analysts and Pepe maxis weigh in

The biggest new memecoin of 2023, Pepe (PEPE) suffered one of the worst possible fates that can befall a new crypto asset; a partial rug pull — after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24. The official Pepe X (formerly known as T ...

Price analysis 8/30: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained as analysts cautioned that the victory did not guarantee the approval of a spot Bitco ...

Why is Dogecoin price up today?

Dogecoin (DOGE) price is up roughly 5% in the last 24 hours, mirroring trends elsewhere in the cryptocurrency market.Grayscale news pumps DogecoinDespite DOGE price being down 2.4% on Aug. 30, it's still up 5% from yesterday's lows, while the total crypto market capitalization has g ...

Will Evergrande’s collapse have a silver lining for crypto?

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, ...

EOS secures regulatory approval in Japan, will trade against yen

The EOS token has been granted whitelist approval by Japan’s crypto regulator, paving the way for the token to be traded against the Japanese yen on regulated exchanges in the country. In an announcement sent to Cointelegraph, the EOS Network Foundation (ENF), which current ...

Tether adds Bahamas-based private bank Britannia as partner: Report

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, acc ...

Researchers develop Crypto Literacy Scale to measure consumer financial awareness

A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology.The team’s research ...

PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk

Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months.Pepecoin faces rug pull allegationsOn Aug. 24, severa ...

dYdX to unlock 6.52M tokens worth $14M for community treasury, rewards

Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out ...

Drama Unfolds as $16 Million Worth of PEPE Tokens Abruptly Withdrawn from Multisig Wallet

The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team members who went rogue. On Aug. 24, the price of PEPE plunged by roughly 15% amid fears of a potential rug ...

Judge Rejects Special Shareholders Class in Celsius Network Bankruptcy Case

Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security. In a motion filed on July 25 and heard before the U ...

Legal Battle Ensues as BlockFi Counters FTX and Three Arrows Capital’s Claims

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

FTX Founder’s Detention Conditions Raise Concerns Over Vegan Diet and Medication Access

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, B ...

Weekly DeFi Recap: Reimbursements, Exploits, and Optimistic Milestones

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims t ...

Singapore central bank releases regulatory framework for stablecoins

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.The Monetary Authority of Singapore announced the framework on Aug. 15 which is aimed at non-bank issued stablecoins pegged to ...

Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case

Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witn ...

Base project RocketSwap shares emergency plan following $865K exploit

Base project RocketSwap Labs has outlined its emergency program to bounce back from a brute force hack that swiped $865,000 or 471 Ether (ETH) from the protocol on Aug. 14.The team explained on Aug. 15 that they plan on redeploying a new farm contract and open-source it on-chain, reli ...

Price analysis 8/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

Bitcoin has been stuck inside a tight range in August. Glassnode lead on-chain analyst Checkmate highlighted that the spread between the upper and lower Bollinger Bands for Bitcoin has shrunk to 2.9%, its third-tightest ever. Typically, periods of low volatility are followed by a ...

Metaverse project The Sandbox unlocks $133M worth of tokens

Metaverse platform The Sandbox has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock. On Aug. 14, The Sandbox proceeded with its ...

Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more

Uniswap dev loses job, was it worth it? A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800. It is understood ...

Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

Decentralized finance protocol Zunami Protocol has advised users not to buy any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins, after encountering an attack on its "zStables" pools on Curve Finance. On Aug. 13,  Zunami confirmed on X (Twitter) that its stablecoin pool ...

Bitcoin’s sideways price action leads traders to focus on SHIB, UNI, MKR and XDC

Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip.Popular pseudonymous trader Tech ...

Brazil’s Congress moves to levy higher taxes on cryptocurrencies

Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investment ...

Price analysis 8/11: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Bitcoin continues to frustrate investors with its tight-range consolidation, giving no clue about the possible direction of a breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it ...

XRP briefly hits $50 on Gemini as users suspect relisting ‘price glitch’

Crypto users have reported seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading. Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what ma ...

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in li ...

Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises.This will be achieved by enabling t ...

SEC to seek appeal and stay in Ripple Labs court case

The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Ripple Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors.In an Aug. 9 letter to Judge Analisa Torres — the presiding ...

Binance drops majority of USD Coin reserves — Latest USDC news

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

FTX’s former law firm hit with lawsuit alleging it set up shadowy entities

FTX’s former primary counsel Fenwick & West LLP has been hit with a class-action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy enti ...

Blockchain Capital’s X account hacked to promote token claim scam

The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital was seemingly taken over by scammers attempting to lure users with the promise of a token claim.On Aug. 9, Blockchain Capital’s account made multiple posts promising a giveaway of “BCAP” tokens and directed u ...

Reddit community tokens soar on Kraken listing

Moons and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an Aug. 7 announcement, Kraken announced the listing of Moons (MOON) and Brick (BRICK) fo ...

Can Cardano whales stop ADA price from falling 20%?

The price of Cardano (ADA) risks falling by over 20% in August as it enters a breakdown stage of a classic technical pattern that could be offset by some promising fundamentals. ADA price risks falling to June lowsDubbed Bump-and-Run-Reversal (BARR), the pattern develops when excessiv ...

PayPal stablecoin launch sparks wave of fake PYUSD tokens

Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens.According to data from decentralized exchange scanner DexScreener, nearly 30 ...

PayPal USD: Boon for Ethereum but not decentralization, says community

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

Cypher Protocol freezes smart contract after an estimated $1M exploit

Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit.On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had therefore frozen its smart contrac ...

Bitcoin funds see weekly outflows of $111M, most since March: CoinShares

Weekly cryptocurrency asset flows for the week ending Aug. 4 reconciled at $107 million in outflows, continuing a three-week negative trend totaling $134.8 million.Once again, the lion’s share of movement was attributed to Bitcoin (BTC). With $111 million in outflows, Bitcoin funds n ...

CoinGecko now has an index for crypto tokens alleged as securities

CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission. The "Top Alleged Securities Coins" page sorts the selection of crypto assets by market capitalization, placing BNB (BNB) at the top of ...

Controversy as MakerDAO’s Spark Protocol blocks users with VPNs

MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.At the time of writing, VPN users that attempt to access the Spark Protoc ...

SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low

Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually follo ...

Korean superconductor LK-99 joins memecoin craze

Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy lo ...

Curve hacker behind $61M heist begins returning funds

The attacker behind the $61 million July 30 Curve Finance attack has returned 4,820.55 Alchemix ETH (alETH), worth approximately $8,889,118, to the Alchemix Finance team and 1 ETH, approximately $1,844, to the Curve Finance team. The Alchemix Finance protocol alETH-ETH pool on Curve is one of the ...

Unibot maintains first-mover status among Telegram crypto trading bots

Unibot (UNIBOT) token was among the top crypto gainers in July as its price rallied by 400% in a month to reach an all-time high of $199.90 on July 28. The project defied the market’s negative trend as both Bitcoin (BTC) and Ethereum (ETH) dropped by nearly 4%.However, by August 3, 2 ...

Elon Musk tweets and Twitter bot spam influences altcoin prices: Study

Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested.Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research ...

Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks.However, after the kn ...

Litecoin halving completes as LTC sees increased payments adoption

The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block. On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset fo ...

Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans

On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language.The price of Curve DAO (CRV) dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. The next day, ...

Is SBF secretly behind BALD? Crypto Twitter debates latest conspiracy

Crypto Twitter has been abuzz with debate after a new conspiracy theory has suggested FTX founder Sam Bankman-Fried may be secretly behind one of the most controversial new memecoins on Base.The BALD memecoin, which draws its namesake from a humorous reference to Coinbase CEO Brian Armstro ...

Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC

The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment.However, this bullish mood did not b ...

DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound

Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher.Bitcoin’s consolidation has pulled its market d ...

Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.The crypto ...

Worldcoin stuck after 70% drop from peak — More downside for WLD price?

The price of Worldcoin (WLD) has stabilized after a volatile debut across mainstream cryptocurrency exchanges.On July 29, the WLD price rose nearly 6% to $2.35. Still, the token was down 70% from its market debut peak of $7.50. It now appears stuck inside the $2–2.50 trading ra ...

Pond0X token launch snafu leads to millions of dollars in losses

The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero in a span of five minut ...

Seda co-founders discuss intersection of oracles and multichain

The year 2022 was not a very good year for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co-founders and a fall in the token’s price all cast a shadow on its future prosp ...

Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent

The recent flood of scam tweets on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days.Since July 24, the XRP community has been diligently warning others and tagging Twitter’s support after they noticed Hogan’s account tweeting malici ...

Sequoia slashes its crypto fund by 66% after industry collapses: Report

Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March i ...

Block.one ICO damages ‘far beyond’ $22M, ENF founder says

The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose.On July 25, La Rose officially announced that ENF is preparing a l ...

UFO hearing: Crypto degens spare no time crafting 50 alien shitcoins

Crypto degens have been quick to try and capitalize on a widely-watched hearing where former United States government officials have claimed the existence of alien spacecraft and “biologics."Testifying under oath at the House Oversight Subcommittee on National Security, David Grusch, ...

ERC-20 inventor discusses origins, new blockchains, BRC-20 and more

In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignit ...

OpenAI creator launches Worldcoin

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an ...

Ethereum death cross threatens more downside as ETH price trades at a key support level

Ether price is down today, and several data points are beginning to suggest that further downside could be in store. On July 24, Ethereum (ETH) experienced a drop close to its monthly low, reaching $1,825, amid Bitcoin's negative price action, as uncertainty loomed over macroeconomic ...

Solana game developer Automata announces mass layoffs

Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022.According to the July 24 announcement on Discord, Mich ...

Reading the Elon Musk ‘tea leaves’ — Is Dogecoin coming for Twitter?

A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation that Dogecoin (DOGE) may have a future on the platform.On July 25, eagle-eyed Twitter (now X) users began pointing out that Elon Musk’s pr ...

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.According to a July 24 report by CoinShares Head of Research James Butterfill, Bitcoin (BTC)  ...

Worldcoin launch raises eyebrows as WLD price notches a double-digit gain

Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24. At the time of writing, WLD trades at $2.22, reflecting a 33% gain on the d ...

Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

Bitcoin plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.Although the near term looks bearish, l ...

Why is XRP price down today?

XRP (XRP) price is down today, mirroring trends elsewhere in the cryptocurrency market as traders await the Federal Reserve rate decision in the week.XRP price drops amid rising dollar strengthOn July 24, XRP price dropped 8% to $0.68, underperforming the crypto market’s 3.5% decline on th ...

FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

Former FTX CEO Sam Bankman-Fried has agreed to a gag order preventing him from making comments to third parties that may interfere with his trial — but argues other potential witnesses should be gagged as well, including current FTX CEO John Ray.The gag order against Sam Bankman-Fried was ...

Ripple CEO Brad Garlinghouse: ‘The SEC created this mess’

Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple.In a July 23 tweet, Garlinghouse slammed the regulator for its "regulation by enforcement" approach, arguing it ...

Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA

Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.On the macroeconomic front ...

Ripple effect? Stellar (XLM) is catching up to XRP price gains

Stellar (XLM) is basking in the glow of Ripple's partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13.XRP fuels XLM price rally againXLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales o ...

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90. Litecoin’s (LTC) price has declined by 19% in the last 18 days, but ...

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the ...

XRP price searches for a fresh bullish catalyst to trigger a move above $1

XRP's price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains. The price surge came after Judge Analisa Torres of the United States District Court for the Southern District of New Y ...

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of ...

XRP price can fall 40% by September — Fractal analysis

The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple's partial win versus the U.S. Securities and Exchange Commission, resulting in bullis ...

SEC vs. Ripple: Huge win for crypto

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as i ...

Altcoins ‘bled’ as Bitcoin gained dominance in Q2: CoinGecko

The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins, which “bled” throughout the quarter, according to CoinGecko.On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BT ...

Crypto survey finds 47% of investors expect Ether to ‘surpass’ Bitcoin

Fidelity Digital Assets released a “Q2 2023 Signals Report” on July 18, which claimed that Ether’s outlook for the next 12 months and the long term is positive. Year-to-date, Ether (ETH) has gained 62%, but while the investment firm might be short-term bullish on Ether ...

Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.In a July 17 post on the Chainlink blog, Chainlink ...

Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC

Bitcoin remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The U.S. Dollar Index (DXY), which generally moves in inverse correlation to Bitcoin (BTC), dropped below 100, but that has failed to propel Bitcoin higher. This suggests ...

Bitcoin ‘full breakout’ not here yet as BTC price spends month at $30K

Bitcoin (BTC) refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders line up downside targetsData from Cointelegraph Markets Pro and TradingView followed what one analyst calle ...

Ripple case: SEC appeal unlikely as agency gains from ‘current confusion’ — Haun Ventures CEO

A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.&rd ...

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13, following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that ...

Project roadmap or token price — Which is most important?

In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem. Accordin ...

Cardano price turns bullish, but is there substance to the ADA rally?

Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP (XRP), leading many to question if Cardano (ADA) has what it takes ...

Price analysis 7/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, LTC, MATIC, DOT

Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase.In ...

Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?

Solana’s (SOL) price briefly surged to a new year-to-date peak on June 14 after Ripple’s partial win against the United States Securities Exchange and Commission in the case contesting XRP’s (XRP) position as a security. The token recorded gains of 48.09%, reaching a peak of $32.40 as ...

Why is Cardano price up today?

The price of Cardano (ADA) has soared in the past 24 hours as traders assess the impact of Ripple's legal win on the broader cryptocurrency market."ADA isn't a security"On July 14, ADA price rose 6% to $0.379, its highest level in over a month, only to pare some of those gains ...

Why is Polygon (MATIC) price up today?

Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0.MATIC ...

‘Altcoin season’ anyone? Bitcoin dominance tumbles after XRP victory

Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission, with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark. Bitcoin dominance — the measure of how ...

XRP ruling a ‘watershed moment’ but we’re not out of the woods yet — Lawyers

Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry.In a landmark ruling on July 13, Ju ...

XRP becomes 4th largest crypto after Ripple’s partial win over SEC

Ripple (XRP) has now become the fourth largest cryptocurrency by market capitalization after Ripple Labs’ partial victory over the Securities and Exchange Commission (SEC) on July 13. Mere hours after the ruling, XRP market cap surged a whopping $21.2 billion to reach a new ...

Why is XRP price up today?

XRP (XRP) price is up today following news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s contention that XRP is a security. Shortly after the ruling became public, XRP price ro ...

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.Over the years, discussion around mainstream adoption of Web3 has centered around t ...

BNB Beacon Chain to add ‘panic’ feature that can ‘halt’ blockchain

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.In a July 12 statement from BNB Chain, the “ZhangHeng&rdquo ...

Crypto scams are down 77% — but this exploit is making a huge comeback

Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis.The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more r ...

Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities an ...

Price analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 b ...

Bitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakout

Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago.  ...

Elon Musk’s lawyers respond to motion to kick Tesla team off Dogecoin case: ‘Waste of this court’s time’

Lawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin (DOGE) cry ...

Price analysis 7/7: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, ...

How Argentina’s inflation is helping altcoins and the crypto market

On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value.What is the lesson here? For starters, e ...

BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC).In a July 6 post to the platform’s Discord channel, Douglas Park, a lawyer for the decentralized autonomou ...

Why is Litecoin price down today?

Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market.On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market's overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multip ...

Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it's capable of processing "hundreds of transactions per second."If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 ...

Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.In the July 4 “Ope ...

TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  ...

Price analysis 7/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best first half since 2019. This suggests that risky assets remain in demand.In ...

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows.As the second half ...

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin (BTC) witnessed a volatile trading session on the last day of the quarter. The bulls were trying to maintain Bitcoin’s price above $31,000 but they received a jolt on a Wall Street Journal report which stated that the United States Securities and Exchange Commission (SEC) had returned app ...

Crypto mass adoption is coming, but how fast?

Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopt ...

Forget about price! Polkadot Decoded 2023 says bear markets are for building

The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance. The beauty of crypto bear markets is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of ...

Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both intern ...

Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, fo ...

Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released “Markets, Infrastruct ...

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

A large part of the recent leg of Bitcoin’s rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has ...

Sui Foundation denies it sold locked staking rewards on Binance

The team behind the Sui network and its native SUI token has denied allegations that they unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance .The Sui Foundation knocked back the claim in a five-part Twitter thread on June 27, stating tha ...

Crypto investment products see largest weekly inflow since July 2022

A recent surge in activity surrounding exchange-traded funds (ETFs) has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report by CoinShares.Totaling $199 million, inflows for the week of June 19–23 turned around a n ...

Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

The Australian Treasury’s token mapping of digital assets will adopt a “tech agnostic” and “principles-based” approach in order to define crypto assets, according to a Treasury official.Speaking to Cointelegraph on June 26 at the Australian Blockchain Week, Tr ...

Pepecoin (PEPE) vs. Dogecoin (DOGE): Is a flippening on the horizon?

A few months ago Pepecoin came and went, bringing quick, unimaginable riches to early investors and turning latecomers into reluctant bag holders. While the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s (PEPE) price action this week suggests that the frog-theme ...

Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The rush to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) rejuvenated the bulls, but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital, for exam ...

Shiba Wings customers love the food, not so much the crypto, says owner

After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables. Their appetite, however, hasn’t translated to crypto payments.The Shiba Inu (SHIB) themed diner first opened its door ...

‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows

Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over t ...

Ripple gets in-principle nod for digital asset services in Singapore

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 stat ...

3 reasons why Ethereum’s market cap dominance is on the rise

Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time. Ether market c ...

Why is Bitcoin price up today?

Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase and bullish traders are likely hopeful that BTC can break its 10-week losing streak. Daily cryptocurrency mark ...

Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes.Som ...

Crypto investment products experience outflows for 9th consecutive week

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, r ...

Why is Cardano price down today?

The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA’s price heading for its fourth red weekly candle in a row? No respite for Cardano price bullsOn June 19, ADA’s price fell over 3% to daily lows of $0.257 as traders continued to ...

Twitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claim

Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.”Musk alleged the account was a scam in a tweet on June 18 in a reply to the bot; the accoun ...

Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. Additionally, BlackRock’s application to launch a Bitcoin spo ...

Is the cryptocurrency market about to break its 10-week losing streak?

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.Cr ...

BUSD falls to fourth position among stablecoins

The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.As of writing, BUSD market cap stands at $4.30 billion, down 29% from $5.54 ...

Why is the crypto market up today?

The crypto market is up today, continuing gains from the Friday due to a mix of technical and fundamental factors.Oversold bounce across top crypto market assetsOn June 17, the crypto market's capitalization grew by over 2% to $1.05 trillion, up nearly 7.5% from the  $975.25 billion l ...

Ethereum network upgrade and uptick in Arbitrum active users could trigger an ARB price reversal

While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than befor ...

3 key Ether price metrics point to growing resistance at the $1,750 level

Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for ...

Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban

A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.This en ...

Price analysis 6/16: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors rema ...

Which altcoins will survive the SEC crackdown? Bitcoin OG explains

Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held. Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of altcoins as&nbs ...

The Hinman docs: Implications for XRP, SEC credibility and more

The Hinman documents were finally unsealed and made publicly available on June 12 after a lengthy back and forth between Ripple and the United States Securities and Exchange Commission (SEC), but what exactly do they reveal?The documents are extensive, and while they can be found in public ...

Curve’s (CRV) price hits a 1-year low amid looming liquidation threat

Curve DAO’s governance token CRV dropped 12% on June15 after reports surfaced of risky loans taken by its founder, Michael Egorov, on Aave. The token recorded its lowest trading level against ether (ETH) at 0.00035010 ETH on June 15.According to on-chain analytics outlet LookOnChain, Egoro ...

Price analysis 6/14: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The United States equities markets rose after the Consumer Price Index print on June 13 came in below expectations, but Bitcoin and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.&n ...

Bitcoin ‘far larger’ than Binance or Coinbase, says Jan3 CEO: BTC Prague 2023

Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges.The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Co ...

Ripple’s Alderoty calls for probe into Bill Hinman and his infamous speech

Ripple’s chief legal officer Stuart Alderoty has called for an investigation into the motivations that led to former SEC official William Hinman delivering his now-infamous speech in 2018.Alderoty’s demand for an investigation came as part of a June 13 Twitter thread following ...

Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token.The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitc ...

Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don't.Gün Sirer’s comments in defense of what he ...

Ripple CEO: Hinman docs are ‘well worth the wait’

With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait."In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc, Garlinghouse said that while he did not want to & ...

Price analysis 6/12: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States consumer price index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14.  ...

Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.This time, the move wasn’t driven by Bitcoin ...

a16z opening London crypto office citing ‘predictable’ environment

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner, cited a &l ...

‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC

Billionaire investor Mark Cuban has become one of the latest industry figures to call out the United States securities regulator for purportedly failing to provide cryptocurrency firms with a clear registration process.The Shark Tank investor claimed in a June 11 tweet that no registration ...

ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label

The United States securities regulator has in recent lawsuits designated a slate of cryptocurrencies as securities, including Algorand (ALGO) and Flow (FLOW), which hit all-time price lows following the declaration.On June 10, ALGO and FLOW hit their respective historic lows of $0.098 and ...

A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR

Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as ...

Bitcoin price avoids 3-month lows as crypto dive liquidates $390M

Bitcoin (BTC) challenged three-month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewAltcoin bloodbath as exchanges reshape landscapeData from Cointelegraph Markets Pro and T ...

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Bitcoin remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, i ...

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The United States Securities and Exchange Commission (SEC) is seeking "alternative service” from the U.S. district court in Washington, D.C. to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.Zhao and Binance were recently sued by the SEC over ...

Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms

Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.QCP Capi ...

Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers

The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.Ripple has been in a legal battle with the United States Securities and Exchange Commission since December 2020, with the regula ...

How to find the next big altcoin before it pumps

In this week’s episode of Market Talks, Cointelegraph welcomes Lark Davis, who has been actively involved in the world of cryptocurrency since 2017. He is a Bitcoin (BTC), crypto and stock investor and boasts over 1 million followers on Twitter and over 470,000 YouTube subscribers. In ...

Jack Dorsey courts controversy by claiming ETH is a security

Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security.The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer ...

SEC, Gensler-themed memecoins surge amid Binance and Coinbase lawsuits

A number of memecoins drawing their likeness from the United States Securities Exchange Commission (SEC) and its chair Gary Gensler have seen a sharp spike in price following the regulator's lawsuits against crypto exchanges Coinbase and Binance.One such token is Good Gensler (GENSLR) whic ...

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the S ...

Crypto sentiment index dips back to March ‘fear’ levels amid Binance lawsuit

The Crypto Fear and Greed Index — a tool that measures broader market sentiment towards Bitcoin and the broader crypto market — has dipped to a level of “fear” not witnessed since March 11 this year, when Circle’s USD coin (USDC) briefly lost its dollar-peg. The stumble in market sent ...

Google searches for ‘crypto’ fall to 2020 levels as BTC sentiment neutral

A two-month-long lull in cryptocurrency optimism has seen online search interest for “crypto” and other common cryptocurrency terms stumble down to late 2020 levels.According to data from Google Trends, the term “crypto” currently has a score of 17, which is well of ...

Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion s ...

Arbitrum price soars after DeFi whale address resumes ARB accumulation

On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.Why is the ARB price up today?The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25, beating the crypto market’s ...

Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is ...

Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

The United States equities markets rallied sharply on June 2 even though nonfarm payrolls in May rose by 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings, which was ...

Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewTraders bet on $27,500 BTC price ceilingData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of ...

OpenAI CTO’s Twitter hacked, shilling ‘scam’ crypto airdrop

Crypto Twitter was flooded with warnings from users on June 2 after the Twitter account of Mira Murati, the chief technology officer of artificial intelligence firm OpenAI, was seemingly hacked to promote a “scam” cryptocurrency airdrop.On June 2, Murati’s account tweeted what ap ...

Why is Litecoin price up today?

Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on June 1 as the market's attention shifted to its strong network growth in recent months.The LTC price jumped 3% to an intraday high of around $95. In comparison, its top-rivaling assets, Bitcoin (BTC) and Ethereum (ETH ...

Litecoin Prepares for Pre-Halving Rally, Analyst Predicts

A renowned cryptocurrency analyst believes Litecoin altcoin is preparing for a "pre-halving rally," which should begin in early August. Michel van de Poppe opined that the LTC coin needs to overcome strong resistance at the $93 level to start the rally. In this case, the ...

American Venture Capitalist Urges Diversification into Crypto Amid Bank Collapse Fears

As the government continues to print money and raise interest rates, American venture capitalist Tim Draper is urging entrepreneurs to diversify their assets in preparation for the possible collapse of new banks. In response to the recent collapse of Silicon Valley Bank (SVB), Draper is recommend ...

Ethereum Witnesses a 25% Rise Amid Cryptocurrency Rally

The surge in digital currencies, triggered by the decline of three major US banks, had a significant impact on Ethereum as well. The altcoin's value increased by 25% during the week, with prices reaching the $1,800 mark, according to a cryptanalyst. Michael van de Poppe identified $1,850 as a cru ...

Altcoin Market Analysis: Conflux, Stacks, SingularityNET, ImmutableX, and Render Token

Here are the 5 most impressive altcoins that have outshined the entire cryptocurrency market this week BeInCrypto's editorial team has meticulously curated a comprehensive list of altcoins that have witnessed a substantial surge in their value during the week spanning from ...