Markets

Stellar lumen price is showing bearish signs below the $0.090 resistance zone against the US Dollar. XLM price is now trading below $0.090 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could start another decline if there is a clear move below the $0.084 support. Stellar lumen price is trading below $0.090 against the US Dollar, similar to bitcoin....

Ripple price started a fresh decline below the $0.4000 zone against the US dollar. The price is now trading below $0.4000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.4000 resistance zone. Ripple price is struggling below $0.4000 against the US Dollar, similar to bitcoin. XRP price...

One of the longest-standing cryptocurrency exchanges – Bitstamp – registered with the Financial Markets Authority in France. Thus, it followed other rivals, including Binance and Crypto.com, which already secured the green light from the watchdog. Bitstamp previously received approval from other European countries, including Italy and Spain. Entering the French Market France’s top monetary regulator – the Autorité des marchés financiers (AMF) – added Bitstamp to the list of...

Terrence A. Duffy, chairman and CEO of leading derivatives marketplace Chicago Mercantile Exchange (CME), disclosed that his company has noticed some growth in demand for its crypto products since November. During a recent interview with CNBC’s Closing Bell, Duffy made the revelation when he was asked about the state of institutional demand for its Bitcoin futures product. CME Records Uptick in Crypto Products The CME chief executive believes market conditions in 2022 could...

Blockchain analytics firm Chainalysis has published a new report detailing the dynamics of darknet markets and fraud shops after the former giant Hydra Market collapsed due to joint actions from authorities in Germany and the United States. After the U.S. Department of Treasury Office of Foreign Assets Control (OFAC) sanctioned Hydra in April and German agencies ordered its closure, average daily revenue for all dark web markets fell from $4.2 million to $447,000. Total...

Bitcoin’s recent rally has improved the overall sentiment among market participants. This change of scene has spurred a positive momentum across the industry as signs of a bull market start popping. Technical Analysis By Shayan The Daily Chart The $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months. Most recently, the price attempted to surpass this level and failed, resulting in a consolidation correction stage. However,...

All eyes in the crypto community have been on the SEC and its decision to pursue certain crypto staking offerings in the States. After Kraken, many believe Coinbase will be next to have to settle with the regulator, which is why the largest US-based exchange decided to address the matter. Our Products Are Not Securities: Coinbase The exchange’s Chief Legal Officer, Paul Grewal, asserted in the blog post that the company’s staking services do not meet the Howey test criteria,...

Bitcoin’s recent freefall seems to have stopped for now, as the asset has calmed at just under $22,000. Most altcoins have even registered minor daily increases. Some, such as HBAR and Lido Dao, have even soared by double-digits. Bitcoin Calms Below $22K The situation around bitcoin was significantly more positive last week when it jumped above $24,000 for the first time since August 2022. However, it failed to remain there and retraced by over a grand to $23,000 in the...

The Canadian University of Dubai (CUD) partnered with Binance to enable students to pay their fees in digital currencies. With the recent collaboration, the exchange dived deeper into the local ecosystem. It received a cryptocurrency license from Dubai’s regulators in September last year.  Settling the Semesters in Crypto The world’s leading crypto platform disclosed the partnership on its Twitter account, saying current and future students of the CUD are allowed to settle...

According to figures provided by Messari, the decentralized digital platform – Tron – made a revenue of $47.9 million in the last quarter of 2022, a 25% increase compared to Q3.  The entity also recorded a surge of average active daily addresses and average daily transactions. Better Results Despite the FTX Collapse In its most recent research, Messari outlined that 2022 has been a “rollercoaster” year for the cryptocurrency sector. Unfavorable macroeconomic conditions took...