Crypto Momentum Falters as Bitcoin Retreats to $23.6K
Cryptocurrency liquidity is a critical factor for the successful functioning of the digital asset markets. It is defined as the ability of buyers and sellers to transact in a timely and cost-efficient manner. Liquidity is a key factor in determining the price of a digital asset, as it allows for efficient price discovery and helps […]
Chilliz Price Prediction: Death to the downtrend
Chiliz (CHZ) has been showing bullish sentiment recently, with a 10% increase in the past three days, bringing the weekly gains back to 3.5%. This uptrend has reversed the early week liquidation and suggests that traders on smaller time frames are providing enough support to catalyze a genuine upswing. The Relative Strength Index (RSI) also […]
Polygon-Powered Trump Digital Trading Card NFT Floor Prices Hit New All-Time High as Sales Rise
Non-fungible tokens (NFTs) are all the rage right now, and former U.S. President Donald Trump has jumped on the bandwagon with the launch of his own digital trading cards. The floor price of these cards has recently surged to a new all-time high of above $1,000, and sales are on the rise. The NFTs depict […]
Flash loan exploit appears to be behind Platypus USD stablecoin attack
On Thursday, the Platypus USD (USP) stablecoin lost its dollar parity following an apparent exploit that allowed a wallet to siphon off around $8.5 million from the token’s liquidity pools. This attack occurred just weeks after Platypus DeFi issued the stablecoin. The exploit is believed to have been carried out via a flash loan exploit. […]
Bitcoin Shorts Get Obliterated as BTC Price Briefly Spikes Past $25K, Hits Eight Month High
Bitcoin, the world’s most popular digital currency, has been on a tear in the past two days. According to data presented by crypto derivative analytics website coinglass.com, liquidations in short Bitcoin future positions worth around $100 million have occurred across major exchanges over the past two sessions. During this time, Bitcoin has gained an impressive […]
Top Analyst Advises Followers To ‘Erase Context, Trade Price’, Calls Bitcoin to $30,000–$35,000
Crypto analyst Michaël van de Poppe recently took to Twitter to advise his 648,200 followers on how to approach the crypto market amid recent regulatory concerns from the U.S. Securities and Exchange Commission (SEC). Van de Poppe believes that the SEC’s recent crackdowns represent a huge hit on crypto, but traders should trade Bitcoin (BTC) […]
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers
US Senator Sherrod Brown, the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, has called for a comprehensive regulatory framework to protect consumers and the financial system from the risks of cryptocurrencies. In his opening statement at the congressional hearing titled “Crypto Crash: Why Financial Safeguards are Needed for Digital Assets”, […]
SEC charges Terraform and Do Kwon post Terra collapse
The Securities and Exchange Commission (SEC) has taken action against Terraform Labs and its CEO Do Hyeong Kwon for their involvement in the algorithmic stablecoin Terra USD, which collapsed last year. The SEC claims that Terraform and Kwon raised billions of dollars from investors by offering and selling a range of crypto asset securities, many […]
Will 2023 See Continued Growth in Stablecoins?
Stablecoins have emerged as an increasingly popular investment option in the cryptocurrency industry in recent years. These digital assets are intended to maintain a stable value, usually pegged to a fiat currency such as the US dollar, and have become an appealing alternative for investors looking to reduce volatility and risk in their portfolios. In […]
Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future
Earlier this week, federal prosecutors sent a letter to the court, claiming that Bankman-Fried had violated a previous court order against using encrypted technology. According to the letter, Bankman-Fried had used a virtual private network (VPN) to watch the Super Bowl, which was in direct violation of the court order. As a result, the prosecutors […]