Tag Archives: featured1

Central Bank Digital Currencies (CBDCs) are slowly becoming a reality. The initial hype may have faded, but to crypto advocates’ disdain, these digitized versions of legal tenders appear to be inevitable. So far, 100 countries are reported to be exploring the concept in some form or the other. Despite not yet being rolled out full-fledged, CBDCs have managed to attract numerous narratives. Social Experiment? Project Rosalind – a central bank digital currency (CBDC) initiative...

Bitcoin has finally calmed and remained relatively stagnant on a daily scale at around $26,500 after the massive volatility experienced during the business week. Most altcoins are in a similar state with insignificant daily gains or declines, aside from APT, which is up by 6% today. BTC Stalls at $26.5K Last weekend was quite uneventful for the primary cryptocurrency, aside from a brief pump and dump at around $26,000. As such, the asset entered the working week in a calm...

Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe. ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well. BTC Soars to Weekly High The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t...

There aren’t too many favorable developments within the cryptocurrency community lately. It all started last Monday when the US SEC decided to begin a legal battle against Binance and doubled down on its crackdown against large crypto exchanges by suing Coinbase the very next day as well. Expectedly, these rather unexpected events led to massive price crashes for the majority of crypto assets. Nevertheless, many managed to recover most losses by the end of last week, but it...

The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets, the prices of all assets plunged across the board. BNB crashed 10% in 24 hours. It lost another 5% on Sunday and kept dumping on Monday to a...

Albeit in a more modest fashion than the alts, bitcoin slumped hard yesterday by almost a grand before experiencing more volatility throughout the day. Most alternative coins, though, plummeted hard by double digits. The past 24 hours have been more positive as ADA, SOL, SHIB, and many others have managed to bounce off. Alts’ Rollercoaster It’s safe to say that the recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could actually...

The past 24 hours saw the majority of altcoins crash by a considerable margin and there are no signs of slowing down. However, there’s also a clear discrepancy between the price performance of certain altcoins to that of Bitcoin and Ethereum, both of which have remained relatively resilient. Bitcoin Dominance Soars Over the past 24 hours, Bitcoin’s dominance increased to around 46% (data from CoinGecko). This is a major difference. The metric tracks Bitcoin’s share relative...

The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. The heatmap below is pretty indicative of the troubles that the market is going through. It also reveals that investors are anything but confident right now. Source: Coin360While it’s anyone’s guess why exactly that might be, two things happened in the past few days that might provide some sort of an explanation. SEC Names 13...

What a week… There’s absolutely no need to beat around the bush, so let’s kick it off directly … the United States Securities and Exchange Commission sued Binance. That’s right, the world’s largest cryptocurrency exchange is under siege. Binance, Binance US, and Changpeng Zhao are all named in the lawsuit, as the SEC is out for blood. The Commission has asked the court to freeze the assets of Binance US and has also issued a summons for CZ. Since he’s not a US citizen,...

Bitcoin has undergone numerous ups and downs in its relatively short history, but only a few have been proclaimed as a full-on bull market. The latest one was back in late 2021 when the cryptocurrency skyrocketed to its ATH of $69,000. What followed was a massive price decline that resulted in BTC dumping all the way down below $20,000 amid multiple collapses in the industry, as well as galloping global inflation and war in Europe. As bitcoin has recovered a lot of ground...