Markets

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Tron price started a fresh increase above the $0.0535 level against the US Dollar. TRX price is now trading above $0.0542 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.0525 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0560 resistance zone. TRON price started a fresh increase above $0.0542 against the US Dollar, similar bitcoin. TRX price could...

Bitcoin price started a fresh increase from the $16,650 zone against the US Dollar. The price is now trading above $17,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $17,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $17,000 resistance zone. Bitcoin price is rising above $17,000 against the US Dollar. BTC might extend gains if...

Seychelles-headquartered crypto exchange – Huobi Global – has been in trouble for quite some time now, which has translated into losing significant market share. The company has been mired in controversy for allegedly shutting down internal com and feedback channels and canceling various employee benefits, among other things. Its market share is also under threat from rival companies. According to the latest study by data provider Kaiko, Huobi’s market share declined from 22%...

Group One – a proprietary trading firm – has purchased options to buy 1.3 million shares of MicroStrategy (MSTR) worth $240 million, per a recent Securities and Exchange Commission (SEC) filing.  As reported by Bloomberg on Tuesday, the purchase would account for a 13.5% stake in MicroStrategy, whose executive chairman is the Bitcoin booster, Michael Saylor.  Group One is a market maker and liquidity provider for U.S. equity options and other securities.  MicroStrategy is an...

Nikhil Wahi – brother to former Coinbase product manager Ishan Wahi – has been sentenced to 10 months in prison following his guilty plea to leveraging his familial connection for insider trading of crypto tokens.  The accomplice will be forced to return the $892,000 he generated in profits from those trades.  “A Terrible Mistake” In July, both Nikhil and Ishan Wahi were arrested on allegations that the latter tipped his brother with information about upcoming Coinbase...

Polygon founder Sandeep Nailwal has unveiled the first 13 Web 3 companies to participate in Beacon, his newly launched startup accelerator. The team has confirmed that companies involved in the next cohort will each receive $250,000 in support, for an $8 million post-money valuation.  Fostering Web3 Growth Nailwal announced Beacon’s launch late last year, with the goal of helping Web 3 founder navigate the challenges of the industry. It uses weekly sessions and mentoring to...

The DeFi world, along with the rest of the cryptoverse, is still in the grip of fear and dread. 2022’s crypto winter continues with no clear end on the horizon. With still no sight of a near-term market bottom forming, some investors have even taken to wondering if DeFi is dead on arrival altogether. But there are some inspiring data about the health and usage of the most prominent DeFi ecosystems today. The winners will go on to keep playing through the next big crypto...

The price of bitcoin has taken several hard hits over the past 14 months, but according to legendary investor Mark Mobius, he thinks things are going to get a lot worse before they get better. In fact, he sees the world’s number one digital currency by market cap falling to a new low of $10K before it begins its rebound. Mark Mobius Isn’t Crazy About Bitcoin Mobius has never been a bitcoin fan. At times, he’s referred to it in rather derogatory ways, even calling it a...

After the crypto market crash in 2022, BTC supporters and crypto investors are left wondering where the market will go in 2023 and while enduring the massive loss. Will Web3 drive a resurgence in the crypto industry? Will DAO become the preferred form of alternative corporate organization? On January 9, 2023, FAMEEX held a popular Twitter space with several projects to discuss the future of Web3. Nearly 500 users participated in the discussion, including Cybermartians,...