Markets

Wading through the wreckage of FTX and Alameda, it is clear that some communities were hit a lot harder than others. Several DeFi protocols sporting close ties with the two entities have suffered. Solana, for one, has been hit the hardest since the collapse. The once top 10 market cap asset, SOL has slid to the 17th position, and the struggle may continue in 2023 as well. Solana FUD Solana (SOL) had an impressive run-up last year and was one of the best-performing tokens of...

Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango Markets. This marks the first time a U.S. resident has faced charges for manipulating a DeFi platform. Eisenberg Drains $110M from Mango Markets Recall that Eisenberg admitted that his team used a “highly profitable trading strategy” to drain Mango Markets of...

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Bitcoin’s price has been oscillating in a very tight range heading into the new year’s holidays, offering little clue on the direction of the next significant move. Nevertheless, the market remains in a very decisive area, and its fate could be revealed in the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been grappling with the 50-day moving average around the $16,700 mark for a while now but is yet to break it in any...

Things are not looking good for XRP as its price has failed to reclaim a significant resistance level and seems likely to drop lower. The market is currently struggling to remain in a range, and it could initiate the next bearish leg down. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has failed to reach the $0.43 area again, as the bullish rebound is seemingly coming to an end. The 50-day moving average is currently acting as a critical...

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Tron price started a fresh decline from the $0.0558 level against the US Dollar. TRX price is now trading below $0.0550 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0540 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0533 support zone. TRON price started a fresh decline below the $0.0550 against the US Dollar, similar bitcoin. TRX price could...

Bitcoin price started a fresh decline below the $17,000 zone against the US Dollar. The price is now trading below $17,000 and the 55 simple moving average (4-hours). There was a break below a connecting bullish trend line with support near $16,825 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $17,000 resistance zone. Bitcoin price is struggling below $17,000 against the US Dollar. BTC might...

[PRESS RELEASE – Road Town, BVI, 27th December 2022] Santa Browser has announced the Version 1 launch of its web3 browser today. Built for an emerging crypto world, the browser claims to bring in the next generation of web3 users by developing tools that allow anyone to leverage the power of blockchain technologies. Due to the extreme volatility of the market, Santa is dedicated to building a “Trustable Technology Stack” that users can firmly rely upon while browsing the web....