Thursday , December 19 2024
Home / Markets (page 27)

Markets

Binance Aids Indian Authorities in Busting $47.6M Gaming Scam

In one of the latest collaborations between public and private entities, the world’s largest cryptocurrency exchange, Binance, announced that it helped Indian authorities bust a purported legitimate online gaming app that defrauded users of more than Rs 400 crore ($47.6 million). According to a blog post, the Binance Financial Intelligence Unit (FIU) provided critical aid that enabled India’s Enforcement Directorate (ED) to trace the funds siphoned by the operators of the...

Read More »

Which Cryptocurrencies Have the Highest Number of Daily Active Addresses?

An analysis by market intelligence platform IntoTheBlock has discovered the number of daily active addresses for major cryptocurrencies. This metric offers insights into the intensity of user activity on these networks. According to data gathered by IntoTheBlock, these crypto assets include large-cap altcoins like Solana (SOL), meme coins like Dogecoin (DOGE), and the largest of the bunch Bitcoin (BTC). Solana Tops the List Atop the list is Solana, with a daily active address...

Read More »

Spot Bitcoin ETF Options Could Attract Longer-Term Investors, But There’s a Catch: CryptoQuant

The United States spot Bitcoin exchange-traded fund (ETF) market is seeing a new wave of trading alternatives, including the availability of options. This latest move could attract liquidity and longer-term investors to the Bitcoin ecosystem, but it has a downside. According to a CryptoQuant report, the availability of options for spot Bitcoin ETFs could increase the paper supply of BTC, allowing investors to gain exposure to the leading digital asset without investing...

Read More »

Ripple (XRP) Soars to 7-Week Peak, Bitcoin (BTC) Calms Below $66K: Weekend Watch

Bitcoin’s price actions have calmed once again during the weekend, and the asset has retraced by a grand since the $66,500 peak registered earlier. Most altcoins have also corrected on a daily scale, aside from Ripple’s native token, which has soared past $0.62 for the first time since early August. BTC Falls Short at $66K Last weekend went in a similar fashion, as the largest digital asset slipped from $64,000 to around $63,000. However, it went on the offensive once again...

Read More »

Top 10 Cryptocurrencies by ‘Notable Development Activity’ (Santiment)

TL;DR Internet Computer (ICP) came first for the second time in a row. Cardano (ADA), whose price spiked substantially in the past weeks, is also included in the top 10 list. The Latest Ranking Crypto analytics platform Santiment estimated that Internet Computer (ICP) ranked first in terms of “notable development activity” in the last 30 days, with a score of 740.7. The token also topped last month’s ranking. ICP experienced a substantial uptick in the past year, with its...

Read More »

Ethereum Adoption Leans on These 2 Pillars but Future Growth Still Uncertain: Report

A Coinshares report has revealed that the role of Ethereum (ETH) in crypto is being shaped by two main pillars: marketplaces and stablecoins. However, while the network is making waves in these areas, the path forward for new applications remains unclear. Decentralized Exchanges Dominate The report, released on September 24, indicated that marketplace and stablecoins made up slightly more than half of Ethereum’s current use cases. Decentralized Finance (DeFi) protocols and...

Read More »

BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?

Bitcoin’s price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark. With the RSI also showing a clear bullish momentum, the cryptocurrency will likely continue its uptrend toward the $68K resistance zone in the short...

Read More »