Crypto news

Ripple’s price soared by almost 10% today before retracing to where it’s currently trading at. Now, let’s have a look at what this implies and where it might be headed next. Technical Analysis By Edris Ripple’s price has recently risen, leaving investors wondering if a new bullish trend is on the horizon. However, there is still an important resistance level to overcome. The USDT Paired Chart On the USDT paired chart, the price is breaking above both the 50-day and 200-day...

Crypto firm Matrix Port has stated that it’s Bitcoin Greed & Fear Index is up, suggesting another bull run for the world’s number one digital currency by market cap may be right around the corner. Matrix Port: Bitcoin May Be Heading Up The Index has a long track record of marking trend reversals. As of late, bitcoin has been somewhat stuck in the doldrums, though 2023 has been a year of recovery when compared with the trends of 2022. During that time, bitcoin...

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

Zhu Su, the infamous co-founder of the now-defunct crypto hedge fund Three Arrows Capital, has been reportedly apprehended in Singapore. This comes amid the amassing issues against his former hedge fund and his newly launched crypto exchange – OPNX. Citing an email update seen by The Business Times (Singapore), the report indicated that Su was apprehended at Changi Airport when trying to leave the city-state. Additional reports shed some more light on the matter, claiming...

Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions and concerns within the crypto community, primarily due to the limited information available about the company and its ownership. Moreover, CommEX was officially launched on Tuesday. To address these concerns and provide clarity, Binance CEO Changpeng ‘CZ’ Zhao took to X (formerly Twitter) to provide insights into the deal and its...

Since 2007, the 10-year Treasury Yield has struggled to reach its long-term average of 4.5%. The 10-year US Treasury yield, a critical indicator of economic health, has reached a significant milestone. For the first time since the Global Financial Crisis (GFC) of 2008-09, it has risen back to the 4.5% yield. This development has brought optimism to long-term Treasury investors, offering the prospect of positive annual real yields, especially with inflation moderating. A Return to...

The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB).  The move follows the footsteps of Binance, another digital asset trading platform that withdrew from the market earlier this year due to...

Sam Bankman-Fried – the now disgraced former executive of the fallen crypto exchange FTX – is heading to jail. The judge overseeing his case has stated he is guilty of violating the terms of his bail too often. It’s also believed that Bankman-Fried has attempted to tamper with witnesses while away from prison. It’s Jail Time for Sam Bankman-Fried The judge in question is District Judge Lewis Kaplan. At a hearing in New York, he commented that Sam Bankman-Fried has...

The news of the new Valkyrie ETF caused a spike in Ether price.  Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement to CoinDesk, a company spokesperson wrote: “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures...

Euro zone inflation has reduced to its lowest point in nearly 2 years after the European Central Bank hiked rates for the 10th time. The euro zone annual inflation level fell to its lowest this month, since October 2021. Annual inflation fell to 4.3%, down from 5.2% in August. Also, core inflation fell from 5.3% in August to 4.5% in September. Core inflation excludes energy, food, alcohol, and tobacco. The reduction in inflation comes after the European Central Bank (ECB) decided to...