Crypto news

As Bitcoin returns to a 9-month high above $28,000, a growing number of on-chain signs show the asset may be entering an early bull market.  On Monday, blockchain analytics firm Glassnode said the Bitcoin market “appears to be shifting gears” amid turmoil within the traditional banking system.  Reclaiming Momentum According to the firm’s weekly report, Bitcoin’s monthly average transaction count reached 309.5k/day this week – its highest level since Bitcoin surged to $64,000...

The cryptocurrency exchange BitMEX outlined some possible scenarios that could unfold in the coming months for the cryptocurrency industry. It believes the Federal Reserve will most probably cease its interest rate hikes by the end of the year, triggering a flow of funds into global capital markets and risk-off assets. Cryptocurrencies, such as bitcoin and ether, could benefit in such cases. Scenario #1 According to BitMEX, the US Federal Reserve will most likely slow the...

Are non-fungible tokens (NFTs) making a comeback? According to the recent progress of the Ordinals series, the answer might be a resounding “yes.” Ordinals Are Making Their Marks NFTs are still relatively new to the crypto space. As pixelated art tokens, they’ve often been sold for hundreds of thousands of dollars, and by the end of 2020, the space had an overall valuation that stood in the billions. Things looked great for the NFT arena, and many investors thought there...

The Securities and Exchange Commission (SEC) has been targeting several digital currency companies and individuals over the past few weeks. In the past, the agency made a case against Do Kwon, the former CEO of Terraform Labs, and now, it looks like that case has gotten even bigger. The SEC Continues Its Case Against Do Kwon Terraform Labs was the company behind the failed LUNA token, an alleged algorithmic stable currency. The situation surrounding Luna got really hairy...

[PRESS RELEASE – Please Read Disclaimer] Through the partnership, users can take advantage of seamless entry into the Web3 ecosystem and participate in DeFi conveniently and safely March 7, 2023 – Stader, a leading infrastructure staking platform, has partnered with OKX Wallet to bring innovative staking solutions to the masses. OKX Wallet is a multi-platform, universal crypto wallet that provides easy access to the Web3 ecosystem. The two firms have joined forces to enable...

[PRESS RELEASE – Central, Singapore, 20th March 2023] HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors,...

The Fear and Greed Index – a metric that shows the overall sentiment toward bitcoin – currently points at 66, the highest level since November 2021. One factor behind the investors’ predominantly bullish perspective could be the impressive price performance of the primary cryptocurrency, which has been up nearly 30% for the past week. Greed Among Investors  Most cryptocurrencies, including bitcoin, have recently shown remarkable resilience to the global economic issues...

A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.” Goldman Sachs (NYSE: GS) believes the US Fed would not hike rates as planned due to prevailing macroeconomic circumstances. In a note published Monday morning, the banking giant’s economist David Mericle pointed to the ongoing banking crisis as a deterrent. According to Mericle, the recent collapses of Silicon Valley Bank (SVB) and Signature Bank make any...

In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion. The shares of San Francisco-based financial services firm, First Republic Bank (NYSE: FRC) are tumbling in today’s Pre-market after the firm got a downgrade from the top credit rating agency, S&P Global Ratings. As reported by CNBC, the embattled bank was downgraded to B+ from BB+ over the weekend after first downgrading it to junk...

Speaking to the parliament, Chairman Huang pointed out that the Financial Supervisory Commission was working on a crypto regulatory framework. The Financial Supervisory Commission of Taiwan (FSC) has announced that it will now be the primary regulatory body for cryptocurrencies in Taiwan. Some lawmakers had called for the Ministry of Digital Affairs (MODA) as the chief crypto regulator. However, FSC made it known in a statement by its chairman, Huang Tien-mu while addressing the Taiwan...