Crypto news

CoinspeakerFourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market. Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing

CoinspeakerTurkey’s Inflation Recovers despite Decline in Turkish Lira The Central Bank raised the country's key interest rate from 8.5% to 15% last month. Turkey’s Inflation Recovers despite Decline in Turkish Lira

CoinspeakerSouth Africa Updates Crypto Exchange Licensing Rules Crypto exchanges will be classified as financial service providers. South Africa Updates Crypto Exchange Licensing Rules

Tron price started a fresh increase above the $0.0725 level against the US Dollar. TRX price is now trading above $0.0750 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0762 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0785 resistance zone. TRON price started a fresh increase above $0.0750 against the US Dollar, outpacing Bitcoin. TRX’s price could...

Bitcoin price is trading below the $31,250 zone against the US Dollar. The price is now trading above $30,500 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $30,300 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $30,000 support zone. Bitcoin price is showing positive signs above $30,000 against the US Dollar. BTC might correct...

The TON Foundation – the non-profit association behind The Open Network (TON) – announced the integration of messenger encryption on the network. The move aims to enhance user privacy by deploying necessary safeguards in a text sent with a transaction. The new feature uses end-to-end encryption. This essentially guarantees that only the sender and recipient are able to view the message, thereby improving levels of security for TON’s user base. Enhancing User Privacy According...

The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% chance of launching inside of a year. He later spoke with CryptoPotato to explain how he arrived at those numbers.  The Trouble With Grayscale’s Lawsuit According to Carlasare, the market’s best bet at...

According to data provided by Glassnode, long-term holders currently hold almost 14.5M bitcoin (BTC). LTHs have been on a gradual accumulation spree in the past year and a half despite the prolonged bear market.  Blockchain analytics firm CryptoQuant has recently revealed that institutional investors (hedge funds, pension funds, commercial banks, insurance companies, and more) have also shown an increasing appetite for holding the primary cryptocurrency in the long run. So...

The SEC’s subsequent enforcement actions, first against Ripple and XRP, followed by Binance and Coinbase, have contributed to the sufferings of other crypto exchanges from a liquidity standpoint. There has been a major shift in the CEX landscape that has already faced challenges following the FTX implosion. A new report suggested that a slow recovery in liquidity appears to have haunted the second quarter. Kraken: An Outlier The blockchain data provider Kaiko’s second...

Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%.  The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s GitHub proposal, the new standard can not only reduce inscription costs, but also unlocks new on-chain features,...