Markets

Bloomberg crypto strategist Mike McGlone doesn’t believe that the worst days of bitcoin are behind it, and he says the world’s number one digital currency by market cap is likely to run into trouble again like it did in 2022. Mike McGlone on the Future of BTC That year was arguably the worst on record for bitcoin, with the asset losing as much as 70 percent of its value. The currency rose to a new all-time high in November of 2021 ($68,000), though a year later,...

Forge, filiale de la Société Générale, figure depuis septembre 2022 sur la liste des Prestataire de Services sur Actifs Numériques (PSAN) enregistrés auprès de l’AMF ce qui lui a permis de lancer un stablecoin (l’EURCV) en avril dernier. Depuis hier, Forge est la première société ayant obtenu un agrément PSAN. Cet agrément, pour l’instant facultatif, prépare Forge au futur statut de fournisseur de...

The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661% in the last two years. According to CryptoQuant CEO Ki Young Ju, such a feat demonstrates that the “network fundamentals are the strongest...

Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level of regulatory certification currently possible for digital asset activities. It is important to note that over 80 entities...

CoinspeakerCarvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings Carvana announced that it had signed a deal with noteholders to reduce its total debt outstanding by over $1.2 billion, which strengthens its financial position. Carvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings

CoinspeakerCoinMarketCap Releases Its H1 2023 Report on Crypto Market According to the CoinMarketCap report, the global crypto market demonstrated continued growth in the second quarter of the year, with the total market capitalization reaching $1.17 trillion. CoinMarketCap Releases Its H1 2023 Report on Crypto Market

Last year, a lawsuit was filed against South African entrepreneur and billionaire Elon Musk. The lawsuit alleged that Musk took measures to manipulate the price of Dogecoin, which he’s been fond of and spoken highly of for some time. The plaintiffs in the lawsuit claim to have lost millions of dollars during the 2022 bear market, and they’re blaming the SpaceX founder for his alleged role in their losses. Elon Musk Lawsuit Changed Up Now, it appears the lawsuit...

A new report by digital asset price-tracking platform CoinMarketCap revealed that the second quarter (Q2) of 2023 seemed like a lost one in the crypto world because it failed to produce groundbreaking developments. According to a document seen by CryptoPotato, Q2 lacked strong market narratives compared to Q1, which saw developments like bitcoin price doubling, the rise of layer-2 protocols, and a more active non-fungible token (NFT) market. A Lost Quarter Q2, on the other...

CoinspeakerEthereum Whale Awakens: $116M Pre-Mined ETH Moved after 8 Years Despite the general market sentiments, ETH has gained over 50% since the start of the year. Ethereum Whale Awakens: $116M Pre-Mined ETH Moved after 8 Years

Tron price started a fresh increase from the $0.0750 level against the US Dollar. TRX price is now trading above $0.0765 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0792 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0808 resistance zone. TRON price started a fresh increase above $0.0750 against the US Dollar, similar to Bitcoin. TRX’s price could...