Markets

The latest market manipulation report from Solidus Labs, specializing in crypto-native trade surveillance and risk monitoring, has identified wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. Solidus Labs Exposes Wash Trading in DEXes Solidus Labs analyzed a sample of approximately 30,000 DEX liquidity pools and found that wash traders manipulated 67% of them. Wash trading refers to traders...

Shiba Inu is getting ready for the next bull run. In a new post, the content strategist of the project, Lucie, took it to X to calm the community while also talking about the team’s future plans. Let’s dive in. SHIB Readying for a Bull Run The content strategist of the Shiba Inu ecosystem – Lucie – took it to X to talk about future plans while also making some clarifications to calm the community down. …There’s no need to worry. The market is the market, and FUD is just a...

There’s been an interesting ongoing discussion among XRP aficionados on Twitter lately, with some laying arguments as to what the future of Ripple should look like so that it supports the company’s vision, as well as that of XRP holders. A community member, Yassin Mobarak, took it to X to comment: I’m sensing Ripple is shifting from reliance on XRP in cross-border payments to new use cases such as institutional custody of digital assets, derivatives, CBDCs, and carbon credit...

Bitcoin’s price has been consolidating above the $25K support level following the recent drop from the key $30K zone. However, for the price to reach a new high and break past $30K, there is still much work to do. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been rejected from the $25K support level and is trending higher. Yet, the 50-day and 200-day moving averages around the $28K mark are two significant resistance levels that the market...

In October 2020, PayPal, the world-renowned digital payment platform, announced its foray into the cryptocurrency market. This landmark decision meant that the platform’s vast user base, consisting of hundreds of millions of individual consumers and millions of merchants, could now buy, hold, and sell cryptocurrencies directly from their PayPal account. In addition, transactions can be conducted using these digital currencies. This article will delve into PayPal’s journey...

Ukraine’s Economic Security Bureau (ESB) is investigating local cryptocurrency exchanges. This action comes in response to the bureau’s discovery that unregulated exchanges operating in the country have led to a loss of 3 billion Ukrainian hryvnia (over $80 million) in uncollected taxes. Earlier, Ukrainian regulators voted to tax crypto gains 18% as of 2024. Meanwhile, Kyiv has been working to align its cryptocurrency regulations with the European Union (EU) in recent weeks...

Ripple’s XRP has been one of the most popular cryptocurrencies for the past three years, and most of it probably came from the importance of the company’s case against the US Securities and Exchange Commission. In fact, as CryptoPotato recently reported, the cryptocurrency ranked very high in a list that tracks the performance of various coins in terms of social engagements. XRP ranked third, following only Bitcoin and Ethereum. And while a lot of the attention goes toward...

Litecoin – an asset that derived from bitcoin, the world’s number one digital currency by market cap – has undergone its third halving, and analysts are emerging left and right to comment on the results. Litecoin Remains a Dominant Force in Crypto Litecoin is one of the oldest digital assets around. At roughly 12 years of age, it’s almost as old as bitcoin and dates Ethereum by about four years. As bitcoin is often referred to as “digital gold,” Litecoin has...

Binance CEO Changpeng Zhao (CZ) published a tweet re-encouraging followers to “ignore FUD” – this time surrounding rotating management at his exchange’s U.S. subsidiary, Binance.US. The statement follows three executive departures from the exchange this week, mimicking earlier, similar behavior from top brass at the international exchange. In his tweet, CZ noted speculation regarding recent management changes at Binance.US, one of which included the exit of CEO Brian Shroder...

The cryptocurrency market is constantly evolving and users are searching for the best trading experience out there. LBank exchange, one of the leading digital currency exchanges in the world, has listed LFi and cLFi tokens, the utility and collateral tokens of the LFi ecosystem. This partnership will enable the tokens to have much wider open opportunities for millions of users in the CeFi and DeFi space. What is the LFi ecosystem? LFi is a decentralized platform that...