Markets

Bitcoin price started a fresh decline from the $27,500 zone against the US Dollar. The price is now trading below $27,000 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $26,350 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $25,850 support zone. Bitcoin price is declining below $26,600 against the US Dollar. BTC might eye...

For the sixth straight week, digital asset investment products experienced outflows, amounting to $9 million in the previous week. While this is significantly lower than the previous week which was characterized by sour investor sentiment with extensive outflows, the weekly trading volumes remained sluggish at just $820 million, significantly below the year-to-date average of $1.3 billion. This essentially mirrored the broader trend of low trading volumes in the digital asset...

Earlier this summer, Binance was required to wind down operations in Belgium due to a warning from the FMSA, the country’s principal financial regulator. Previous Dispute With Regulator The FMSA’s warning was, according to the regulator, wholly unrelated to the legal dispute currently underway across the pond. Instead, the watchdog expressed concern over Binance’s practice of offering exchange services and hosting wallets in non-EEA countries – which opens the door to money...

A new crypto project has burst onto the scene during the first day of its presale, raising over $100,000 within minutes of its launch. This exciting newcomer – Bitcoin Minetrix (BTCMTX), is debuting an innovative Stake-to-Mine mechanism, allowing everyday crypto investors to participate in the Bitcoin (BTC) mining process easily. Given its impressive market entrance, many early backers are touting Bitcoin Minetrix as a potentially disruptive force in the BTC mining space....

John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves.  Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed for their losses. The SEC has Turned Into a ‘Threat to Retail Investors’ The leading cryptocurrency exchange Coinbase...

The platform’s usage is not limited to individual users but also extends to educational organizations. Global crypto exchange Binance’s open-access blockchain and crypto education platform Binance Academy has reported a 62% increase in the number of users.  According to platform data, from September 2022 to August 2023 there was a marked increase in individuals seeking crypto education. This brings the total number of individuals to use the platform to further their knowledge of blockchain...

This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new stablecoin, and the chosen platform for its development is the Progmat coin platform, a proprietary asset of...

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.2490 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.250 resistance zone. Cardano price is struggling below $0.250 against the US Dollar, like Bitcoin. ADA...

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,615. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more downsides...

More than $115 million was raised last week alone across a number of crypto startups. The largest raise of the week was blockchain game studio Proof of Play which netted $33 million in a round led by Andreessen Horowitz. The firm will use the funding to fuel the growth of its invite-only, on-chain pirate role-playing game, Pirate Nation. Its ambition is to create a decentralized “Forever Game” that does not rely on creator intervention or external servers to continue to...