Crypto news

According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current...

While enforcement actions have been a focus for the US SEC in the crypto industry lately, some crypto exchanges are now making efforts to expand into other territories. The United States Securities and Exchange Commission (SEC) has taken a step backward by withdrawing from its decision to classify digital assets. The regulator achieved this by removing the first official definition of “digital asset” from its most recent household hedge withdrawal regulations. Notably, the SEC first...

The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...

On Thursday, the ECB increased interest rates for the seventh consecutive time, with the latest figure aligning with analysts’ predictions.   The European Central Bank (ECB) has hiked interest rates for a seventh consecutive time as its war against inflation wages on. Today, the eurozone central bank hiked rates by 25 basis points as expected following its May policy meeting. The latest rate hike decision also sees the main refinancing operations’ interest rate increased to 3.75%. In...

Not long ago, South Dakota Governor Kristi Noem vetoed a bill that would have paved the way for crypto regulation in her state. It was recently announced that the House of South Dakota has failed to override the veto, and thus digital currency legislation will not be making its way into the state anytime soon. Kristi Noem Is Getting Her Way The bill had initially passed through the legislative branch, though it failed to hold any ground after Noem initiated the veto. The...

[PRESS RELEASE – MANCHESTER, UK, May 4th, 2023] Future house pioneer Oliver Heldens performs alongside Manchester City player Jack Grealish in first-of-its-kind ‘Mixing in the Metaverse’ DJ set Exclusive musical performance includes new track created by Grealish and Heldens OKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed by Manchester City star Jack Grealish and legendary DJ Oliver Heldens in its OKX Collective metaverse....

Pepe Coin (PEPE), a memecoin launched in mid-April, has quickly emerged as one of the sensations in the cryptocurrency industry. Its price has skyrocketed by a staggering 638% for the past week, whereas the gains for the past 24 hours alone reached 90%. The asset’s market capitalization has also skyrocketed to almost $700 million. Some possible reasons behind the substantial rise could be the overall positive condition of the market following the Fed’s latest interest rate...

Sam Bankman-Fried – the former crypto executive behind popular digital currency trading platform FTX – has been charged with violating the Foreign Corrupt Practices Act by allegedly attempting to bribe officials from China. Sam Bankman-Fried Is Facing New Charges Prosecutors claim that Sam Bankman-Fried attempted to send money to Chinese officials so they would unfreeze roughly $1 billion under his name. The money is being held through his secondary company Alameda...

[PRESS RELEASE – Please Read Disclaimer] ATPBot has recently announced that it can now connect to Binance API for transactions, providing all Binance users with more opportunities to trade cryptocurrencies. By registering with ATPBot and connecting to Binance Exchange, users can experience a unique trading experience, delivering results through mature trading strategies and professional investment management. ATPBot is a platform focused on quantitative trading strategy...

[PRESS RELEASE – Mahe, Seychelles, May 4th, 2023] BitMEX, a leading cryptocurrency derivatives exchange, today announced the listing of two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the first derivatives exchange to list SUI Perpetuals Contracts and the second to list PEPE Perpetuals Contracts. The recent meteoric rise of PEPE has raised concerns about liquidity for its holders. The token’s market capitalization surged to $137 million in less than a week....