Markets

While the current FUD surrounding crypto is regarding the SEC suing crypto exchanges for selling securities, history often repeats itself, and the last bull market saw crypto prices plummet as Tesla dropped BTC payments due to environmental concerns. Therefore, cryptos that take sustainable climate action could perform well next time the sustainability narrative arises. We have already seen the top altcoin, Ethereum, make efforts to become more environmentally friendly. After...

What a week… There’s absolutely no need to beat around the bush, so let’s kick it off directly … the United States Securities and Exchange Commission sued Binance. That’s right, the world’s largest cryptocurrency exchange is under siege. Binance, Binance US, and Changpeng Zhao are all named in the lawsuit, as the SEC is out for blood. The Commission has asked the court to freeze the assets of Binance US and has also issued a summons for CZ. Since he’s not a US citizen,...

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon. Ripple (XRP) Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today. This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers...

Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US. Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against the exchange and its founder Changpeng Zhao (CZ) on Monday. SEC insists that Binance had violated the country’s securities laws. The exchange, on the other hand, says...

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Meta will work towards making these AI capabilities accessible to people. Mark Zuckerberg recently revealed that Meta (NASDAQ: META) has been experiencing “incredible breakthroughs” in its use of generative artificial intelligence (AI). Like many other tech giants, Meta is also in the middle of the AI race, which has become the latest evolution in the market. Not only tech companies, but different organizations across diverse fields have also started adopting AI in the latest...

DocuSign has given a strong guidance for the second fiscal quarter anticipating revenue of $675 million to $679 million. On Thursday, June 8, e-signature provider DocuSign (NASDAQ: DOCU) reported strong earnings beating revenue estimates for the fiscal quarter ending April 30 (Q1 2024). In the aftermarket hours on Thursday, the company’s share price is trading 5% up moving past $61. DocuSign Inc, based in San Francisco, California, is a company that provides electronic agreement...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash price started a fresh decline from the $117 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $112.50 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase)....

Binance announced the launch of a new batch of Cloud Mining products for BTC mining in a statement on Wednesday. The exchange’s cloud mining service was released last November and enabled users without mining equipment to earn mining rewards from Binance Pool. Subscriptions, on the other hand, are required to buy hash rates and Bitcoin mining on Binance’s cloud. According to the official blog post, the subscription of the new batch will begin on June 8 and will follow a...

The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about additional market stress. Despite this, on-chain data reflected a bullish picture as investors remained resilient in the face of severe regulatory...