Markets

[PRESS RELEASE – Please Read Disclaimer] Recently, Socios.com, Chiliz’s fan token creator, and several football clubs launched the latest fan tokens. These tokens collectively had their initial launch on the cryptocurrency trading platform MEXC to expand their scale in the secondary market. There are 16 clubs that launched fan tokens, including Everton FC Fan Token, Crystal Palace FT, Leeds United FT, Arsenal Fan Token Atlético Mineiro FT, etc. According to the data on...

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Stellar lumen price is showing bearish signs below the $0.080 resistance zone against the US Dollar. XLM price is now trading below $0.080 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.0800 on the 4-hours chart (data feed via Kraken). The pair could accelerate lower unless there is a clear move above $0.080 and $0.082. Stellar lumen price is trading below $0.0800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3950 zone against the US dollar. The price is now trading below $0.3800 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.3400 support zone. Ripple price is struggling below $0.380 against the US Dollar, similar to bitcoin. XRP price...

Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors. He reiterated his stance that market crashes could be beneficial for the industry because they could eliminate meaningless projects. Buckle up for More Trouble According to Minerd, the domino effect that the FTX bankruptcy triggered might continue in the near future affecting other entities: “There’s another shoe to drop – I...

Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up. Some altcoins managed to pull ahead, but the broader sentiment remains fearful. Bitcoin Struggles Below $17K Bitcoin’s price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around...

The company plans to hire more engineers despite the intense bear market. Aztec Network – a privacy layer 2 chain for Web3 – announced raising $100 million in a Series B financing led by VC giant Andreessen Horowitz (a16z). The funding round also saw participation from A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi, and AVG.5. Its partnership with a16z will fund the development of a “next-generation encrypted architecture” that would enable users to verify that...

Amber Group – a cryptocurrency platform backed by Singapore’s investment company Temasek – completed a $300 million funding round. The money will be distributed to clients affected by the FTX collapse.  The company, which had to cope with severe issues due to the ongoing bear market, recently acquired the Singaporean exchange – Sparrow Holdings. Trying to Reimburse Victims As announced on Twitter, the Series C fundraiser was led by Fenbushi Capital US. Amber Group said the...

CNBC’s “Your Money Survey” estimated that 60% of the American participants consider the risk of investing in cryptocurrencies to be high. Just 5% of the respondents believe it is entirely safe to allocate some wealth to the asset class. Crypto Looks Riskier to Americans The decline of the cryptocurrency market, as well as the various adverse events in the sector, have had an impact on the sentiment among many Americans. CNBC’s latest research found out that 60% of the US...

The past 24 hours have been tough in the cryptocurrency markets, with the total capitalization dropping by some $40 billion. This comes on the back of major coins charting serious declines and BTC plummeting below $17K. Bitcoin Goes Below $17K Bitcoin’s price took a serious beating over the past couple of days, losing about 9% of its value since hitting $18,300 earlier in the week. For the past 24 hours alone, the cryptocurrency is down by almost 3%, training at around...