Markets

INTERNET CITY, DUBAI, Aug. 26, 2022 – LBank Exchange, a global digital asset trading platform, will list NutsPayToken (NUTSPAY) on August 29, 2022. For all users of LBank Exchange, the NUTSPAY/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on August 29, 2022. Revolutionizing Cambodia’s economy with blockchain, NutsPay builds a new financial system to support the cashew nut market in Cambodia. Its native token NutsPayToken (NUTSPAY) will be...

Just like the traditional markets, the crypto markets reacted badly to yesterday’s speech by Powell. Following the announcement of the continuation of the hawkish policy of the Federal Reserve, the market sentiment is bearish. Yesterday’s selloff caused Ethereum to lose more than 12% in under 24 hours. Is more pain incoming? Technical Analysis By: Grizzly The Daily Chart The price of Ethereum fell sharply against the US dollar and Bitcoin yesterday. The short uptrend that...

The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

Coinbase – one of the world’s largest and most powerful digital currency exchanges – is not happy with the Securities and Exchange Commission (SEC), claiming the agency has not implemented efficient crypto regulations. The company has now filed a petition criticizing the organization and calling for fair regulation within America’s legal spectrum. Coinbase Isn’t too Happy with the SEC Faryar Shirzad – chief policy officer at Coinbase – explained in a recent statement...

After the recent stagnation, bitcoin finally began moving and dumped to a six-week low beneath $20,000. Most altcoins are deep in the red as well. Ethereum is down to $1,500, while SOL, ADA, and AVAX have declined by up to 8% in a day. Bitcoin Dipped Below $20K Last week was particularly harmful to the primary cryptocurrency, which dumped from $25,200 to $21,000 in a matter of days. Since that enhanced volatility, the asset calmed and spent most of the following days trading...

Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. The alternative coins suffer, too, leading to almost $400 million in liquidations from over-leveraged traders. CryptoPotato reported the relatively stable price movements from bitcoin in the past week or so. After falling by $4,000 in the previous week, BTC spent most of this one around the $21,000 mark. It challenged $22,000 a few days ago but to no...

Sarath Ratanavadi – CEO of Gulf Energy Development – reportedly stated that his company will invest in blockchain ecosystems to diversify some of its profits. The decision comes despite the broad market collapse and the strict stance that local watchdogs have taken towards the sector. Ratanavadi is known as the second-richest person in Thailand. According to the Bloomberg Billionaires Index, his fortune nears $12 billion, while his corporation supplies energy to Thailand,...

The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn’t mean there wasn’t volatility. The total capitalization seems to be hanging by a thread slightly above the coveted mark of $1 trillion. This time last week, Bitcoin was trading at around $21,700 but quickly retraced below $21,000. The price spent quite some time battling with this area, and it appears that even until this moment, there’s no...

Bitcoin’s price appears to be preparing for another bearish move after a lengthy period of consolidation between the $20K and $24K levels. With the current price action, a new low is not out of the picture. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating at a very tight range over the last few days. This occurred after a rejection from the $24K level and the 100-day moving average. The price has also broken below the...

Crypto Market Overview Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in...