Voyager transferred $154 million USDC off Coinbase this month, Arkham Intelligence says
Voyager, the popular digital asset broker, is in the middle of bankruptcy proceedings, and on-chain data shows that the company’s assets are on the move. According to transaction records, around $154.4 million worth of USDC was transferred from Coinbase to the shuttered exchange’s “Voyager 1” Ethereum wallet this month. Web3 analytics firm Arkham Intelligence confirmed […]
Axelar Introduces Virtual Machine For Developers Building Cross-Chain Crypto Apps
Axelar, the blockchain network that helps developers build cross-chain crypto apps, is expanding its product suite with the introduction of Axelar Virtual Machine (VM) – a generalized environment for building interconnected blockchains. The introduction of the VM is a step forward in the mission of making it easier for developers to build and deploy decentralized […]
Crypto’s correlation with macro events, US equity markets is weakening, Bernstein says
Cryptocurrency prices have been trading in a similar range as the correlation between them and U.S. equities and macro events weakens, according to Bernstein analysts. Bitcoin (BTC) was trading at $23,800, by 10 a.m. EST, according to TradingView data, while Ethereum (ETH) was lower by 2.3% at $1,600. The crypto market appears to be stuck […]
Cardano (ADA) Price Had a Bad February, but Here’s Why March Will Be Even Worse
The Cardano (ADA) price has been on a downward trajectory since reaching an all-time high of $3.160 on August 30th. After failing to move above the long-term resistance area at an average price of $0.400, the price has been steadily decreasing and reached a low of $0.239 in December. The weekly Relative Strength Index (RSI) […]
Conflux (CFX) up 241% on News of Massive Ecosystem Expansion: Details
Conflux (CFX) has been making headlines lately as the digital currency continues its upward trend. This growth is a testament to the token’s elasticity to positive ecosystem updates. At the time of writing, the token is trading at a price of $0.2339, up by 8.74% and 241% over the past month. Conflux was designed as […]
Bears In Active Below $0.385
Ripple price has been struggling to stay above the $0.385 mark against the US Dollar over the past week. The price has dropped below the $0.3850 mark and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3800 on the 4-hours chart of the XRP/USD pair. The […]
Solana in the Green After Weekend Deep Freeze
Good morning Asia, here’s how the crypto market is moving this Monday. Solana is up early 4% after the protocol crashed twice during the weekend, freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be available shortly. Meanwhile, bitcoin is trading flat at $23,475. The world’s […]
Shiba Inu Launches Shibarium Portal to Boost Adoption, Warns Crypto Traders to Avoid Beta Tokens
Shiba Inu, the team behind the highly anticipated layer-2 blockchain Shibarium, recently released the ‘Join Shibarium’ portal. The portal is a hub for developers, content creators, business owners and job seekers to get involved with the Shiba Inu ecosystem. Lead developer Shytoshi Kusama is hopeful that the portal will help the team to find the […]
‘Immeasurable’ Damage Done to Crypto by SBF: Ava Labs CEO
The implosion of FTX last fall dealt crypto a black eye, bruising the nascent industry’s reputation in terms of legitimacy and trust. And according to Ava Labs CEO and Founder Emin Gün Sirer, the damage that Sam Bankman-Fried caused is “immeasurable”. “All of that goodwill that we built over many, many years of hard work […]
Terra Classic (LUNC) Binance Burn To Mark Big Week Ahead?
The Terra Classic LUNC community has been preparing for a potential rally in the days ahead, following the passing of proposals on Binance burn. Binance had earlier made feature requests for the burn starting from March 1, 2023. The Binance LUNC burning would help the community’s cause to reduce the cryptocurrency’s supply and potentially boost […]