Markets

ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.2515 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2555 and $0.2600 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price...

Ethereum price is moving higher above the $1,600 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,625 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it clears the...

The AI industry has generated a ton of hype this year, but crypto assets linked to the technology have been experiencing a slowdown. This comes amidst the persistent bear market. AI tokens are trading flat in tandem with the overall sluggish market movement but there are certain factors that may turn the tide. In fact, a new report by Bitget, shared with CryptoPotato, suggests that a resurgence could be in the offing. However, the tokens may see an increase in value when...

[Press Release – Zug, Switzerland, September 18th, 2023] Islamic Coin has launched its Reg D Token Offering to the Public with OpenDeal Broker LLC, dba THE CAPITAL R (“ODB”) – a subsidiary of Republic. ISLM (Islamic Coin token) is a digital money that adheres to Shariah principles and emphasizes ethical values. This synergy encompasses support from Republic to showcase Islamic Coin’s market entry strategy. The collaboration also engages Republic Crypto – Republic’s crypto...

The trading volume of the fifth largest cryptocurrency by market capitalization – XRP – has spiked by over 90% in the past 24 hours, whereas other indicators, such as the asset’s futures long/short ratio, have also headed north. Those are considered bullish factors, indicating that traders believe the coin’s price could soon start rallying. XRP on a Pole Position The cryptocurrency market has shown signs of serious revival lately, with the prices of most assets spiking to...

A weekly market report by America’s largest cryptocurrency exchange, Coinbase, has outlined several reasons why the forthcoming mass token liquidation by its bankrupt rival FTX is unlikely to cause market shocks in the ecosystem. The research report, written by Coinbase head of institutional research David Duong, disclosed that analysts at the exchange found some factors that should mitigate the risks of market shocks when the assets are eventually sold. FTX’s Forthcoming...

The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin Corp (USBTC). The Journey to Merger Between Hut 8 and USBTC The merger between Hut 8 and USBTC was first announced in February 2023, marking a pivotal moment in the...

In a recent turn of events, Ant Group, a Chinese financial technology giant, reportedly decided to divest its $100 million investment in A&T Capital, signaling a retreat from the volatile crypto sector. These reports come a few months after the resignation of A&T founding partner Yu Jun, who was later investigated for his workplace misconduct while serving as an executive at A&T Capital. Ant Group to Retreat From A&T Capital A&T Capital was founded in 2021...

Base – the highly anticipated layer-2 network of popular digital currency exchange Coinbase – is now live and has been available for public trading since August 9. Coinbase Allows Base to Go Live Jesse Pollak – the lead for Base and the head of protocols at Coinbase – explained in a recent podcast that the network underwent a lengthy period on the test net between February and July of this year. He commented: We’ve reached a point where we felt there was a...

Aside from the EU, Hong Kong and the United Kingdom have also made progress with crypto regulation. Malta’s Financial Services Authority (MFSA) has begun a public consultation on the proposed changes to its crypto rulebook. The regulator circulated a draft document representing the revised version of its crypto regulation on Monday. Malta issued the rulebook for the first time in February 2019. Since then, the document has passed through five revisions to align it with best practices...