Markets

Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum. Binance Says It’s Eliminated Fees for Some ETH-Based Transactions The goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months....

Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode.  The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs.  Miners in the Red As tweeted by Glassnode on Wednesday, miner balances have seen large outflows since Bitcoin’s failed re-test of $24,500 in August. The price pumped alongside Ethereum in anticipation of...

The bear market has been tough for everyone, and holding on to Coinbase shares may not be wise, according to Wells Fargo. The multinational financial services company issued a profitability warning stating that the current market conditions may hurt the publicly traded crypto exchange. Despite having the early-mover advantage, Coinbase is now facing stiff competition from its rivals which have exploded the space in recent times. According to а CNBC report, Wells Fargo implied...

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The buzz in the market is the Pound and the Euros fall to a new all-time low against the US dollar. 10 year gilt yields soared by 131 basis points in September. This bloodbath is being attributed to a number of macroeconomic factors, such as higher than expected CPI data and possibly the fastest Fed rate hike in 40 years which led to $432M in liquidations during the recent week. Even Ethereum slumped to $1295 after the merge. Investors’ faith was tested and then shredded...

EOS price started a fresh decline from the $1.40 resistance against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.170 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $1.140 and $1.1020 support levels. EOS price is struggling below $1.40 against the US Dollar, similar to...