Markets

CoinspeakerMemecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls

CoinspeakerBinance Becomes First Crypto Exchange to Get Operational MVP License in Dubai With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market. Binance Becomes First Crypto Exchange to Get Operational MVP License in Dubai

Stellar lumen price is attempting a fresh increase from the $0.14 zone against the US Dollar. XLM price is now trading above $0.150 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.145 on the 4-hour chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1650 resistance zone. Stellar lumen price is trading above $0.150 against the US Dollar,...

Ripple price started a fresh decline below the $0.785 zone against the US dollar. The price is now trading below $0.725 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.715 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.675 support zone. Ripple price is struggling below $0.765 against the US Dollar, similar to Bitcoin. XRP price...

The worlds of fashion and blockchain are coming together as luxury fashion label BLK DNM has been acquired by blockchain firm Chroma Way. The purpose? To embed digital garment IDs (undetectable microchips) into every new piece of clothing that will be issued to potential buyers. BLK DNM Will Have Chips in Its Clothing The chips will permit each clothing article to have a unique identity that will be recorded on a distributed ledger. The chips will also monitor the...

Bitcoin’s price movements continue to be highly uneventful as the asset continues to remain just inches above $29,000. Most altcoins have mimicked BTC’s performance, aside from DOGE, SHIB, UNI, and OP, all of which have jumped by more than 3% daily. BTC Boring at $29K It was precisely a week ago when the primary cryptocurrency tried its hand at taking down $30,300 but failed in its tracks, and the subsequent rejection pushed it south hard. In about a day, the asset had lost...

Amidst a lack of bullish cues in the market, SHIB rose by almost 6% over the past day, which pushed its monthly gains to nearly 12%. The meme coin’s surge can be attributed to the Shibarium Beta Bridge, which went live for public testing this week. The move is part of an ambitious roadmap that seeks to transform the Shiba Inu project into a complete ecosystem. The team behind SHIB announced the release of the Shibarium Bridge beta version for public testing, which would allow...

A Tennessee couple was charged for operating a $6 million digital assets commodity pool scheme by the Commodity Futures Trading Commission (CFTC) this week. The United States derivatives market regulator charged the owners of a Clarksville real estate company, Michael and Amanda Griffis, for allegedly defrauding more than 100 people across the country. The couple was also accused of failing to register with the CFTC in connection with a multi-million dollar commodity pool...

Kevin O’Leary – a wealthy investor and the star of the show “Shark Tank” – says it’s time for the current CEO of Coinbase, Brian Armstrong, to be fired, and that a new CEO that will work hand in hand with the Securities and Exchange Commission (SEC) should be brought aboard. Kevin O’Leary on the Coinbase Lawsuit Not long ago, the SEC announced plans to sue Coinbase, claiming it was operating as an unregistered broker. O’Leary believes it’s time to take Armstrong...

Artificial Intelligence (AI) is all the rage owing to the success of OpenAI’s ChatGPT, which has taken conversations about the space to a whole new level. Off late, several AI-related crypto tokens have sprung up, capturing the imagination of investors amidst a dull market. After initial gains, however, these assets underwent significant value reductions. Prominent blockchain analytical firm Kaiko also echoed a similar sentiment. According to its latest analysis, AI-related...