Markets

Popular American rapper and actor Jayceon Terrell Taylor popularly known as The Game is currently facing $12 million charges for allegedly promoting an illegal initial coin offering (ICO). According to a recently amended official filing, he had promoted the unregistered token sale of Paragon Coin, a tech company that came under regulatory scrutiny earlier in 2017. The Paragon Coin Saga Paragon touted itself as a cryptocurrency company that would use the power of blockchain...

Unfortunately, it was another challenging week in the cryptocurrency market, though this can only be said about the developments in terms of price. Elsewhere – adoption seems to be booming, especially when it comes to Bitcoin. Starting off with the price – bitcoin is currently trading at around $33,000, down about 13% in the past seven days. The cryptocurrency started off relatively flat, but on Monday, things took a turn for the worse, as BTC dropped from $36K down to $32K....

This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday. On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as...

With this massive move a16z aims to bring crypto to the mainstream. To expand its operations, a16z is hiring some of the top officials who have worked in the financial regulatory and tech space. On Thursday, June 24, venture capital giant Andreessen Horowitz (a16z) announced raising a massive $2.2 billion for its Crypto Fund III. The recent commitment from Andreessen comes at a time when the crypto market is relatively undoing massive correction.GPs Chris Dixon and Katie Haun will be...

[PRESS RELEASE – Please Read Disclaimer] The cryptocurrency market has left people wondering about the long-term growth prospects and which cryptocurrency they should invest in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world. The SolanaX Platform After parsing through their team of professionals, whitepapers, their project plans, and unique platform capabilities, there is no doubt that...

Bitcoin cash price is recovering from the $400 support zone against the US Dollar. The price is still well below $550 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a major increase if it clears the $500 resistance and then the 55 SMA. Bitcoin cash price is slowly moving higher above $450 against the US Dollar,...

Bitcoin has tanked hard. There is no point in denying this. The world’s number one digital currency by market cap was already in a sorry position having spent the last few weeks trading in the mid to high $30,000 range, though now at the time of writing, things have taken a turn for the worse and the digital currency is trapped in the high $20,000 range. Despite all this, there are still many individuals – such as Mark Cuban and Mike Novogratz – that stick by the asset....

With BTC’s price going through a severe correction this week, reaching a near six-month low, the question arisen within the community if we have officially entered a bear market. Dumping to more than 50% south from its peak, which came just two months ago, certainly has some arguing that the bears are indeed in control. To find out more expert views on the matter, though, CryptoPotato reached out to some of the most prominent names in the industry. Those include the host of...

After what has arguably been one of the strongest runs in years, bitcoin – the world’s number one digital currency by market cap – has taken a serious turn for the worse and fallen below the $30,000 mark. At the time of writing, the currency is trading for approximately $29,500. Bitcoin Falls Below $30K Between April of 2020 and April of 2021, the digital currency marked a new point in trading. Bitcoin started out trading in the $6,000 range after briefly falling below...

Sources said the Bullish SPAC merger agreement could be reached as soon as a few weeks from now.Bullish, a cryptocurrency exchange platform, is in talks about going public via a SPAC merger with Far Peak Acquisition Corp (NYSE: FPAC). The deal could value Bullish at up to $12 billion according to anonymous sources. However, this figure will be largely dependent on Bitcoin’s price at the time of the launch.Sources also said the Bullish SPAC merger agreement could be reached as soon as a few...