Crypto news

Ripple faced strong rejection when attempting to breach the significant resistance region at $0.55. Currently, it’s challenging to identify Ripple’s direction due to the choppy price action. The most likely scenario seems to be a consolidation phase for the mid-term. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that Ripple faced significant rejection upon reaching the crucial resistance zone at $0.85. This indicates robust selling pressure...

The latest weekly publication of Bitfinex revealed that bitcoin (BTC) balances on centralized exchanges have retraced to levels last seen in January/February 2018. Bitfinex found that the balances have plunged by 32% from the 3.1 million BTC peak in March 2020 to 2.1 million now. At writing time, only 11% of BTC’ circulating supply was found on exchanges, indicating a significant decrease from the 17% recorded in March 2020. Bitcoin Balances on Exchanges Plummet The leading...

As the world’s second largest digital currency by market cap, Ethereum has made quite a name for itself over the last several years, but according to founder Vitalik Buterin, the asset is not going to do well in the future unless it makes a few changes. Vitalik Buterin on the Later Success of ETH In a blog post called “The Three Transitions,” Buterin said Ethereum is going to need “to evolve around transitions in Layer-2 scaling solutions, a move to smart contract...

[unable to retrieve full-text content]CoinspeakerTwitter May Face Legal Complications Following Rebranding to X Trademark attorney Douglas Masters emphasized that protecting a single letter like “X” can be particularly challenging, especially when it is widely used commercially and lacks distinctive characteristics. Twitter May Face Legal Complications Following Rebranding to X

[unable to retrieve full-text content]CoinspeakerSpotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users  Spotify's Q2 2023 figures shows a strong quarter as its revenue and monthly active users both beat the company's guidance. Spotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users 

The identities of customers affected by last November’s FTX collapse can stay hidden per a bankruptcy judge in Delaware. Judge John Dorsey – the man overseeing the case involving the now notorious exchange’s asset liquidation process – says all names of former traders associated with the firm fall under the category of “trade secrets.” FTX Customers Can Stay Out of the Public Eye He explained in a recent interview: It’s the customers that are the most important...

[unable to retrieve full-text content]CoinspeakerJapan PM Reaffirms Web3 Stance, Binance Poised for Return Meanwhile, Binance is preparing to launch its service on a new Japanese platform next month. Japan PM Reaffirms Web3 Stance, Binance Poised for Return

[unable to retrieve full-text content]CoinspeakerAdidas (ADS) Stock Jumps 6% after Strong Yeezy Sales and Trimming Losses Adidas is able to alleviate the impact of operational losses as the clearance of the massive Yeezy inventory takes turn for the good. Adidas (ADS) Stock Jumps 6% after Strong Yeezy Sales and Trimming Losses

[unable to retrieve full-text content]CoinspeakerOpenAI Shuts Down Its AI Detection Tool Due to Low Accuracy The link leading to the tool is no longer functioning. However, OpenAI has promised to come up with other detection tools that users can trust.  OpenAI Shuts Down Its AI Detection Tool Due to Low Accuracy

[unable to retrieve full-text content]CoinspeakerWorldcoin Unveils Its Whitepaper Stirring Concerns Over Token Supply During the token's launch, the circulating supply was limited to 143 million tokens, with 43 million of the asset reserved for early adopters and 100 million provided as loans to non-US market makers. Worldcoin Unveils Its Whitepaper Stirring Concerns Over Token Supply