Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices. Decentralized finance (DeFi) has seen tremendous growth since its inception, expanding by more than 1,200% in 2021 in total value locked (TVL) and surpassing $240 billion…
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Users can receive up to 6.0% APY with 0.001 ETH staking minimums, but risks apply. On Wednesday, the U.S. subsidiary of cryptocurrency exchange Binance announced that it would introduce an Ethereum (ETH) staking program with annual percentage yields of up to 6.0%. Unlike direct staking on the Ethereum network, which would require 32 ETH, only 0.001…
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The Cyber Crime Investigation Bureau in Thailand will now consider whether to pursue legal action against Zipmex following the SEC’s allegations. Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police. In a Wednesday announcement, the…
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Bitcoin and select altcoins have dropped to critical support levels and the strength of the rebound lacks strength, increasing the risk of further downside. After trading near the $20,000 level for several days, Bitcoin (BTC) turned down sharply and dropped below $19,000 on Sept. 6. The fall was not limited to the cryptocurrency markets as…
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Cardano’s Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias. Cardano (ADA) will undergo a major network update called “Vasil” on Sept. 22, potentially making its blockchain more scalable and cheaper. Nonetheless, the news has failed to spark any decisive upside momentum in ADA’s market. Macro…
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Binance, the largest cryptocurrency exchange by trading volume, has announced that it is removing support for three major stablecoins including Circle’s USDC, Pax Dollar (USDP), and TrueUSD (TUSD) on all its products. … Read More: Binance Converting USDC and Other Stablecoins to BUSD – A Market Share Grab? Read more »Sign up for e-EUR – the…
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September is to be an action-packed month for the Bitcoin and wider cryptocurrency industry, given the plethora of events that are unfolding. First and foremost, there is the uncertainty of the Ethereum merge and what that could mean for the markets. Secondly, the first few Bitcoin from Mt. Gox are to be distributed to creditors,…
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Zack Voell, a prominent crypto market researcher, has opined that while the pioneer cryptocurrency may be in a bear market in terms of price, there are signs to indicate that it is seeing bullish adoption with regard to off-chain activity. Voell, who is an analyst at the Bitcoin mining software company Braiins, said in an opinion…
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Bitcoin price declined heavily below the USD 19,500 support. BTC even settled below the USD 19,000 level. It is currently (11:20 UTC) consolidating losses above the USD 18,500 level, with slim chances of a recovery wave. Similarly, most major altcoins are consolidating losses. ETH is stuck near USD 1,500 with hurdles near USD 1,550. XRP…
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