Crypto news

Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth $1 billion, The Block confirmed in a Monday post. Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Grant will...

In addition to the 15% price surge, Solana’s total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million. In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last 48 hours. Currently, SOL is trading at $24.19, representing a substantial 65% increase from its lowest price in 2023. This impressive price rally has...

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereum’s liquid staking providers. In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers. Vitalik Buterin discussed several Ethereum protocols, including the account abstraction protocol ERC-4337, ZK-EVMs, private...

Stellar lumen price is attempting a fresh increase from the $0.1108 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.1150 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1150 resistance zone. Stellar lumen price is trading above $0.1125 against the US Dollar,...

Ripple price is gaining pace above the $0.512 support against the US dollar. The price is now trading above $0.510 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5045 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.5100. Ripple price is rising above $0.5100 against the US Dollar, unlike Bitcoin. XRP price must stay...

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions. BIS and Central Banks Collaborate on CBDC Test As per reports, the novel project leverages the concepts of Decentralized Finance...

The US commodities regulator has targeted yet another crypto exchange for allegedly running a “fraudulent” digital asset commodity scheme, The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US District Court for the Southern District of Florida against Pennsylvania-headquartered Mosaic Exchange Limited, along with its owner and Chief Executive Officer Sean Michael, for operating a fraudulent digital asset commodity scheme. The CFTC alleged...

The leading cryptocurrency exchange – Crypto.com – recently teamed up with the payment platform PayPal to become the preferred marketplace for the recently launched stablecoin – PayPal USD (PYUSD). As such, it said there are now new trading pairs on the application. In the following lines, we will outline which ones exactly. Support for XRP and DOGE Crypto.com announced on X (Twitter) that customers can trade Ripple’s native token – XRP, the first ever memecoin – Dogecoin...

Binance Labs – the investment side of the world’s largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.4 billion and witnesses a daily trading volume of more than $215 million on its investment platform, which seeks to help fans of decentralized finance (defi) trade assets for the...