Crypto news

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The crypto staking landscape is constantly evolving, with new and remarkable shifts coming to light every now and then. A feature that was once primarily attributed to networks with proof-of-stake consensus mechanisms like Ethereum, developers have now brought staking and restaking to the Bitcoin blockchain. A report by the non-custodial staking services provider P2P.org outlined some major staking trends seen in the market over the past month. Trends in Ethereum Staking The...

Trading app eToro recently reached a settlement with the US Securities and Exchange Commission. The SEC announced Thursday that eToro “agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities.” But eToro also agreed to halt trading for any cryptos except for Bitcoin, Bitcoin Cash, and Ether. “By removing...

Bitcoin (BTC) continues to make headlines as one of the top crypto traders predicts that it will likely surge past the $60,000 mark over the weekend.  Several factors fuel this bullish sentiment, including positive on-chain data, reduced miner selling pressure, and growing institutional interest in Bitcoin ETFs.  As Bitcoin gears up for a potential breakout, altcoins are also preparing for gains. Emerging tokens like RCO Finance (RCOF), currently in its presale stage, show strong...

HashKey Cloud has announced a new partnership with Kintsu, an advanced liquid node validation infrastructure on the Monad Network. This collaboration will enhance the performance and security of Kintsu’s protocol, benefiting users across the Monad ecosystem. Kintsu focuses on liquid node validation or Proof-of-Stake (PoS) blockchains. It enables users to decentralize their assets to node operators but retain liquidity, hence the highest engagement in DeFi. Unlike PoS node validation, which...

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Bitcoin has recently experienced a strong bullish reversal from a critical support zone, defined by the 0.5 and 0.618 Fibonacci levels. BTC is now approaching the 100-day moving average at $61.6K, where it may encounter significant selling pressure, suggesting a potential short-term consolidation. Technical Analysis By Shayan The Daily Chart A closer examination of Bitcoin’s daily chart reveals that after a decline toward the key support zone between the 0.5 ($56.3K) and...

Ripple has found strong support within a critical price range, defined by the 100-day and 200-day moving averages, experiencing a significant bullish rebound. However, the asset is anticipated to continue rising toward the key resistance level at $0.64, where selling pressure may temporarily slow the upward momentum. XRP Analysis By Shayan The Daily Chart An in-depth analysis of Ripple’s daily chart reveals that it encountered substantial buying pressure at a key support zone...

The U.S. Department of the Treasury has imposed sanctions on Cambodian businessman Ly Yong Phat and his businesses, including his conglomerate L.Y.P. Group and the O-Smach Resort. This move, disclosed on Thursday, stands in response to their roles in human trafficking and forced labour as connected with cryptocurrency fraud. The penalties have been imposed to prevent and curtail human rights abuses and other related offenses. OFAC of the Treasury said that Ly Yong Phat businesses engaged in...