Markets

Litecoin started a steady increase above $88 against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $90.45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $92 and $95 resistance levels. Litecoin price is showing positive signs above $88 against the US Dollar, similar to Bitcoin. LTC price...

The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future. Silvergate Is in Hot Water Silvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost...

Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.  The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210 million after selling 750 million shares in the offering, or 10% of its value. The Al Ansari Financial Services development marks the first IPO for...

FTX was a devastating event to strike the crypto space, and now, regulators and people in charge of America’s financial sector are warning that something bad could potentially happen with Binance, which as we all know, had strict ties to FTX when the company fell into oblivion. Binance Could Be in Hot Water John Reed Stark – a former attorney for the Securities and Exchange Commission (SEC) – has warned in a recent interview that Binance could possibly see a heavy...

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was...

Justin Sun has denied the rumors of a proposal to crypto exchange Binance for acquiring his part of the stake in Huobi Global. Sources familiar with the matter said that the world’s largest crypto exchange Binance recently turned down an offer to acquire Justin Sun’s ownership in crypto exchange Huobi. The sources further added that Binance didn’t show interest due to the rumors that crypto exchange Huobi has ties with mainland China. Last month in March, Justin Sun showed interest in...

In its bid to ensure all consumers are adequately protected from any form of market disadvantage, ASIC has consistently warned residents of the dangers associated with dealing in highly speculative assets like crypto. The Australian Securities and Investments Commission (ASIC) has revoked the license granted to crypto outfit Binance Exchange through its local subsidiary Oztures Trading Pty Ltd to operate as a derivatives broker. According to a press release from the regulator, the...

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market...

As Decentralized Finance (DeFi) continues to grow, there is a need for new crypto projects to offer more products that will bolster the ecosystem. However, over the last 12 months, several crypto projects have collapsed. This has reduced investors’ confidence and trust in the crypto market, which has affected how crypto projects receive funding to operate their protocols. Fortunately, a new project called ArbitPad is coming onto the scene. The platform promises to...

ADA price is showing positive signs above the $0.3500 zone against the US Dollar. The price is now trading above $0.350 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.3980 on the 4-hours chart (data feed via Coinbase). The price could resume its increase if it stays above the $0.380 and $0.3720 support levels. Cardano price is rising above $0.3800 against the US Dollar, similar to bitcoin. ADA price could...