Markets

After Binance became the second-largest entity by voting power in the Uniswap DAO, the CEO of the popular DEX, Hayden Adams, took it to Twitter to describe the situation as “unique” while adding that “UNI technically belongs to its users.” He accused Binance of using user funds to pile up governance votes. Hayden Adams on Binance Adams claimed that it was unclear how the crypto exchange intended to engage with the decisions of the DEX and argued that Binance users would...

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[PRESS RELEASE – Please Read Disclaimer] Although the cryptocurrency market is in a dire state, with prices being 70-90% away from the all-time highs from a year ago, the popular memecoin project – Big Eyes Coin – announced impressive results in terms of token sales. This came amid the protocol’s latest initiatives that include different types of competitions with six-digit awards and more updates on its charity endeavors. $3M in 1 Week As mentioned recently, the memecoin...

[PRESS RELEASE – Please Read Disclaimer] MIRL will be listed on the cryptocurrency trading platform MEXC, and its native token MIRL can be traded on this platform. Public information shows MEXC is the world’s top 10 cryptocurrency trading platform. Its core products include spot, leveraged ETF, perpetual contracts, NFT Index, etc., and it supports over 1,500 cryptocurrency transactions. It ranks No.1 in the world in terms of liquidity among the top 50 coins by market...

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EOS price started a fresh decline below the $1.10 support against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.05 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $1.05 and $1.10 resistance levels. EOS price is struggling below $1.10 against the US Dollar, similar to bitcoin....

Litecoin is facing a major resistance near the $52.00 zone against the US Dollar. LTC price is now trading below $52.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $51.65 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $52.00 and $52.50 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC...

The German-based crypto bank – Nuri – revealed it will terminate its operations due to the harsh consequences of the crypto winter and the negative macroeconomic environment. It informed that customers have until December 18 to withdraw their funds from the platform, while trading will be possible until November 30. The Bear Market’s Latest Victim Over the past several months, Nuri has been seeking venture capitalists and potential acquirers who could fix the company’s...

Grayscale’s lawsuit against the SEC has started gaining traction as prominent names from the crypto industry rallied behind the asset manager. The latest one to chime in is Coinbase. The cryptocurrency exchange has filed an amicus brief backing Grayscale Investment’s lawsuit against the United States Securities and Exchange Commission (SEC) for disapproving the company’s proposal for a spot Bitcoin ETF application earlier this year. “Double Standards” In its battle against...