Crypto news

PEPE’s journey over the last two weeks has been quite intriguing. Most newbie coins with outlandish backgrounds see rapid surges and equally rapid dumps, mostly due to their perceived lack of seriousness. This is not the case with PEPE, whose creation was inspired by the popular internet meme of Pepe the Frog. In fact, this memecoin has only strengthened its rally since its launch in mid-April. PEPE gained another 90% in the last 24 hours and was now trading near its recently...

Binance – the world’s largest and most popular digital currency exchange per daily market data – gave traders a bit of a scare in late March when it put a temporary halt in place on spot trading, citing system glitches as the reason for doing so. The move only lasted a few hours and trading was quickly restored on the platform, but it had a few people shaking in their boots. Binance Briefly Stopped Trading Over a Month Ago The trading firm issued a statement claiming...

First Republic became another American bank to fail this year as all attempts to resuscitate the ailing platform fell short. The California Department of Financial Protection and Innovation (DFPI) has now taken possession of the First Republic Bank. The Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver by the Californian financial regulator and even JPMorgan’s bid for the bank’s assets. The financial services company, in a press release, confirmed the...

Just a day ago, we talked about how Coinbase was served a Wells notice by the Securities and Exchange Commission (SEC). The situation is scary given that Coinbase has met with the SEC over 30 times in recent years, and thus the exchange really doesn’t appear to be in a position of any wrongdoing. The situation just comes off as more evidence that Biden and his nation and innovation-hating cronies will do anything to ensure crypto dies in America and that residents cannot...

AltThe PEPE memecoin seems to be an extension of cyclical market behavior in the cryptocurrency industry where every now and then, there’s a brand new memecoin, and the hype surrounding it takes over completely. In less than a couple of months, since it saw the light of day, the PEPE memecoin managed to enter the top 100 projects, getting a market capitalization upwards of a whopping $400 million. In this guide, we will take a closer look at what the PEPE memecoin is, who...

Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the exchange’s team had warned Sun to refrain from using any part of the TUSD deposit to grab the SUI rewards on...

George Town, Cayman Island (May 1st, 2023) –  Blofin, the premier perpetual futures exchange, has been added to CoinMarketCap‘s exchange category, the world’s largest crypto asset tracking website. This move aims at increasing the exchange’s visibility and adoption. It comes after a remarkable increase in community members and daily trading volume since its launch in January. The exchange’s 24-hour trading volume currently stands at over 300 million dollars. Meeting the...

The Bitcoin ordinal inscription craze is back, and network transactions are surging as a result. On May 1, on-chain analytics provider Glassnode reported that daily transactions were approaching peak levels. The 30-day moving average for the metric had reached 348,700 daily transactions. Furthermore, the peak level was measured in 2017 when it reached 379,000 transactions per day on average. However, these figures are taken from moving averages. According to Blockchain.com,...

Stellar lumen price is struggling below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.0980 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0980 on the 4-hour chart (data feed via Kraken). The pair could start a recovery wave if it clears the $0.100 resistance. Stellar lumen price is trading below $0.100 against the US Dollar, similar to Bitcoin. XLM price could extend...

Ripple price started a fresh decline from the $0.490 zone against the US dollar. The price is now trading below $0.480 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.4550 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.490 resistance zone. Ripple price is struggling below $0.490 against the US Dollar, similar to Bitcoin. XRP price could...