Crypto news

Tether, the creator of the popular USDT stablecoin, has publicly disclosed letters sent to key U.S. legislative committees revealing its partnerships with the Secret Service and FBI. This update comes after Tether’s recent measures, which included implementing a wallet-freezing policy aimed at individuals on the U.S. Specially Designated Nationals list, freezing over 200 wallets. Tether’s Proactive Stance to Uphold Crypto Integrity Under Paolo Ardoino’s newly appointed CEO’s...

TL;DR Arthur Hayes’ Highlight on BONK: BitMEX co-founder Arthur Hayes praised Bonk Inu (BONK) on Twitter, suggesting it could surpass Shiba Inu. BONK’s market cap stands at about $1.2 billion, compared to SHIB’s nearly $6 billion. BONK’s Growth Factors: ChatGPT indicates BONK could potentially overtake SHIB by building a strong community and maintaining hype. Its market cap recently reached over $2 billion. Key Drivers of BONK’s Surge: BONK’s 600% price increase in 30 days...

On December 18, the Avalanche network experienced a surge in its average gas fee, reaching an unprecedented 5,110.30 nAVAX, or about $4.41, according to Avascan data. This substantial increase is attributed to a unique event caused by the founder of the decentralized trading platform Trader Joe, known as @cryptofishx on social media, who introduced an ASC-20 standard inscription called Avascription, with the nickname “BEEG.” Avalanche Network Gas Fee Soars Due to BEEG...

Ethereum’s price has seemingly struck a significant obstacle following weeks of aggressive rallying. Yet, a further bullish continuation cannot be ruled out yet, as there are several support levels available to overturn the trend. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price has been rising consistently after a rebound from the $1,500 support zone. The large bullish flag has been broken to the upside, and the market has...

Exactly ten years ago today, an eccentric Bitcoin (BTC) enthusiast coined what is now one of the crypto industry’s most widely known and prolific phrases today: the HODL meme. On December 18, 2013, BitcoinTalk user GameKyuubi took to the forums just as Bitcoin’s price had cratered to $420 apiece – down two-thirds from its all-time high of $1200 just a week prior. Despite the volatility, the title of his post made his intentions (somewhat) clear: “I AM HODLING.” The Origins Of...

Bitcoin’s price has been consolidating recently, following months of bullish movement. The market is testing a key support level at the moment as things are getting tricky for a potential continuation to the upside. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been aggressively rallying since a break above the 200-day moving average back in October. Multiple resistance levels have been broken through, and the market participants are...

Ripple has entered a consolidation stage, with the price slightly decreasing towards a significant support area encompassing the 100-day and 200-day moving averages. This support zone is anticipated to impede further downward trends, propelling the price towards higher levels. By Shayan The Daily Chart Upon closer examination of the daily chart, it is evident that Ripple’s consolidation phase has extended, characterized by low volatility and a gradual decline toward a...

Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...

TL;DR SHIB to Spike Over 40%? Despite the ongoing market correction, the second-largest memecoin by market capitalization – Shiba Inu (SHIB) – is still approximately 15% up on a monthly basis (per CoinGecko’s data). Some analysts, including the one using the X (Twitter) handle Ali, believe a fresh rally in the near future might be in the cards. The analyst presented a chart of the social media platform, estimating that SHIB has a chance of a 45% price increase should it...

The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.  Bitcoin (BTC) mining company Hut 8 has entered into an interim agreement with the bankrupt crypto lender Celsius Network to construct and deploy new mining operations in Cedarvale, Texas. This collaboration is a key component of Celsius’s ongoing bankruptcy proceedings, designed to foster positive relations with its...