Ripple XRP Price Looking Strong Despite Crypto Market Turmoil
The Ripple (XRP) price is currently trading inside a symmetrical triangle that has been in place since June 2022. However, recent price action suggests that an eventual breakout from this pattern is the most likely scenario. Since the beginning of this year, XRP has tried to break out several times, and if it is successful […]
Gold Futures: Outlook shifts to the downside
nce May 22. This significant increase in open interest indicates that there is heightened activity and interest in gold futures. This trend could be a result of various factors, including uncertainty around the global economic recovery, ongoing geopolitical tensions, and the continued supply-demand imbalance in the gold industry. Gold has long been considered a safe […]
Report Suggests That Ethereum 2.0 Is Currently Undervalued
According to blockchain analytics platform Santiment, Ethereum 2.0 stakers have seen the realized value of their investments taper off over the past 10 weeks, and long-term stakers are now down an average of 31%. A chart shared on Twitter by Santiment shows that the realized value for ETH 2.0 stakers has flattened. Furthermore, the data […]
6.9525 vs. the previous fix of 6.9156
China’s economic policies and its management of its currency, the yuan, have been a subject of interest and debate for many years. In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.9525 against the previous fix of 6.9156 and the previous close of 6.9726. This is a significant alteration and […]
US Gov Law Enforcement Wallet Moves Millions in Bitcoin, Will They Sell?
Wallets connected to United States government law enforcement seizures, including those from the notorious Silk Road marketplace, have recently started moving Bitcoin, raising concerns over whether the stash is about to be sold off. According to Glassnode, a blockchain analytics provider, the US government’s estimated wallet balance was 144,500 BTC up until the recent move, […]
China to account for 500K-600K bpd of new oil demand this year
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), recently announced on Wednesday that China is expected to account for 500k-600K bpd (barrels per day) of new oil demand this year. This news comes as China’s economy continues to grow, and the country consumes more oil to support its development. […]
Crypto Twitter’s Mixed Reactions to a New Rollup Solution for Bitcoin
Scalability has been a major concern in the blockchain space for a long time, as the current infrastructure often struggles to handle large numbers of transactions efficiently. A solution unique to Ethereum, rollups, has gained significant traction recently as a way to compress multiple transactions into one, reducing the strain on the network and increasing […]
Binance.US can take on Voyager’s crypto customer accounts: WSJ
Binance.US has been granted permission to absorb customer accounts and over $1 billion worth of cryptocurrency from Voyager Digital, after a judge ruled that the deal could proceed. The U.S. Bankruptcy Court in New York approved the move on Tuesday, despite objections from the Securities and Exchange Commission (SEC), which had previously claimed that Binance.US […]
Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Yuga Labs Co-Founder Defends Bitcoin NFT Auction Process The recent auction of non-fungible tokens (NFTs) by Yuga Labs, the parent company of Bored Ape Yacht Club, on the Bitcoin blockchain has drawn criticism from users who are concerned that it sets a bad precedent for future NFT projects. The 24-hour TwelveFold auction, held last Monday, […]
Gigi Sohn, Biden’s pick to run FCC, withdraws from consideration
Gigi Sohn, a prominent activist and former Federal Communications Commission (FCC) official, was recently nominated by President Joe Biden to serve as the next head of the FCC. However, it has now been confirmed that she has withdrawn from consideration for the position. Sohn cited “unrelenting, dishonest and cruel attacks” from cable and media industry […]