Markets

Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally viewed as a positive force in the market by institutional investors and even policymakers. As previously reported by CryptoPotato,...

The digital currency arena gave traders a bit of a scare in early August this year when for the first time in several weeks, the prices of many major assets – bitcoin among them – fell to new lows. BTC, for example, dropped below $29,000 for the first time in a while, sending all investors into a whirlwind of fear and concern. Bitcoin Fell for the First Time in Weeks Ethereum was the other major digital currency to dip alongside bitcoin. The second largest crypto...

EOS price started a fresh decline below the $0.580 zone against the US Dollar. The price is now trading below $0.580 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5600 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.585 and $0.600 resistance levels. EOS price is struggling below $0.580 against the US Dollar, unlike Bitcoin....

Litecoin is slowly moving higher from the $57.50 support against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $64.20 and $65.80 resistance levels. Litecoin price is recovering from the $57.50 zone against the US Dollar,...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense...

Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being among them. This time, Binance will remove and cease trading for the following pairs: At 03:00 UTC, the...

Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the consumer price index (CPI) rose 0.6%, seasonally adjusted, up 3.7% from the same period last year. Economists polled by Dow Jones had predicted that the CPI would increase...

As the memecoin market heads into one of the most critical times in history, two currencies inspired by the iconic Japanese dog breed, Inus, emerge as some of the projects with the most potential for growth in 2024. The first one is Shiba Inu,  one of the most popular memecoins in the market. After consolidating as the second-largest memecoin by market capitalization, the world’s first Inu token aims to continue its upward trajectory with the launch of its own blockchain,...

Base – the new layer-2 blockchain trading platform from Coinbase – has gotten quite big over the past few months thanks to several new meme tokens. In fact, it appears Base garnered as much as $68 million in ether over the past few weeks alone, and the network isn’t even live yet. Coinbase Layer-2 Network Sees Heavy Revenue Jumps The new meme currency that everyone seems so attracted to is called BALD, which was built atop the Base network. The asset really...