Decentralized Finance (DeFi) has been at the forefront of a financial revolution, replacing traditional financial intermediaries with smart contracts and decentralized applications. However, this innovative sector is now under increased scrutiny and facing a new wave of regulatory oversight in the United States. The regulatory landscape in the US, shaped by actions from the Commodity […]
Friendtech Faces Sell-Off as SocialFi Giants Shift to New Bitcoin CityTurmoil strikes the world of SocialFi as the once-dominant Friendtech platform grapples with a mass exodus of its top users. Influential figures such as NFT luminary Pranksy and the notable Vombatus, previously known for holding the most expensive key on the platform, recently liquidated a […]
Bitcoin has reached its highest value since last May, following news of progress in the launch of a spot Bitcoin exchange-traded fund (ETF) by BlackRock, the world’s largest asset manager. The updated filing suggests that BlackRock might infuse cash into its iShares Bitcoin Trust as early as this month. The move to seed the ETF […]
Blockchain technology and smart contracts have emerged as revolutionary solutions in the realm of digital transactions and contracts. These cutting-edge technologies are driving significant transformations across various industries, bolstering security, transparency, and efficiency. Understanding Blockchain Blockchain is a decentralized and distributed ledger technology that documents transactions across a network of computers. Each transaction is stored […]
Dylan LeClaire, a self-proclaimed market analyst, believes that there may be money laundering involved in the ongoing FTX case. According to LeClaire, Alameda, a cryptocurrency company, created 36 billion USDT (Tether) but only redeemed about 4 billion USDT. This stark difference in the numbers has raised suspicions that Alameda might have acted as a conduit […]
On October 23, 2023, an anonymous crypto analyst named Bluntz suggested that Solana (SOL) is gearing up for a substantial breakthrough. With a significant following of 225,200 on social media, Bluntz is confident that SOL is poised for growth against both Bitcoin (SOL/BTC) and the US dollar. Bluntz’s optimism stems from SOL’s recent price movements, […]
Worldcoin, a digital currency project, recently declared its decision to switch its payment mode for Orb Operators from USD Coin (USDC) to its native Worldcoin (WLD) token. This change is expected to take effect as early as November. Orb Operators, independent participants responsible for scanning people’s irises in exchange for WLD tokens, will be exclusively […]
Introduction Bitcoin’s current price is showing positive signs as it surpasses the $30,000 resistance level. In this article, we will delve into Bitcoin’s recent movements and what can be expected in the near future. Bitcoin’s Price Surge Bitcoin has seen a strong price increase after successfully breaking through the $28,500 and $28,800 resistances. Currently, the […]
Bitcoin, Ethereum, and Dogecoin saw a remarkable surge recently, with Bitcoin hitting the significant $30,000 mark. Data from CoinGlass revealed over $65 million worth of shorts were liquidated in the past day alone, contributing to a total of $98 million in liquidations. The crypto market cap stands at $1.11 trillion, indicating a 3.29% increase over […]
AAVE, a cryptocurrency, is currently hovering near a critical price point of $70, and it recently faced resistance at this level. Buyers are making efforts to push through the price channel trendline around $70. The current scenario indicates that AAVE’s price is at a make-or-break zone, close to $70 and the 200-day EMA (Exponential Moving […]