ETH 50-Week Moving Average Ethereum price has bounced back moving with the power of 50 weeks average, a trustworthy assistance level from 2020-to 2021 transactions. Ethereum’s native token Ether (ETH) is prepared to hit $3500 in the upcoming season as it repossesses a strong support level on February(Feb 5). Ethereum rising above its 50-week moving […]
While examining the amount of Ether held by the top ETH whale exchange addresses, on-chain data analytics Santiment, reveals that the top ten whale addresses hold about 5.83 million Ethereum. In contrast, non-exchanges hold about 24 million ETH. Santiment notes that this could be attributed to the sustained trend of shifting cryptos away from exchanges. […]
Animoca Brands led Web3’s virtual identity network NFT3s to complete the seed investment round, bagging a total sum of $7.5million. The founding round investors included investment leaders and venture capitalists such as US health care company Prometheus Labs, Digital Finance Group, and crypto fund investment company LD Capital also participated in the round. Web3’s Chief […]
The Bitcoins that were stolen from the Bitfinex hack as of 2016 are currently in motion. The Bitcoin address that holds the cryptocurrencies have been under close surveillance from the period of the hack till now. There are wild guesses that the coins are being transferred to a different address in anticipation of liquidation or […]
Cardano now has a new DEX (called ADAX) five months after enabling Smart contracts on the platform. Part of the official announcement from the Cardano team indicated that the new DEX is an integral part of the long-term development of the Cardano community. The Cardano team had previously launched a testnet for the ADAX platform […]
The founder and CEO of MicroStrategy have announced that he and his team will be hosting a virtual seminar to enlighten growing businesses on the need to understand the global tech trend in the crypto space and how to integrate it into their business for more profitability. The announcement was made on his Twitter handle […]
There has been an increase in the number of users that operate on derivatives DEXs, which is as a result of a surge in the number of retail investors that have chosen to go into derivatives trading as well as decentralized exchanges DEXs, the action is partly as a result of the laws in the […]
Financial Times has published a report stating that Meta plans to add NFTs functionality on Instagram and Facebook. Last year, Facebook Inc. changed its name to Meta. Mark Zuckerberg, CEO of Meta, has stated his intentions to introduce the metaverse into its social media platforms. Users will buy and sell on the platform using a […]
Qubit recently joined the unlucky list of DeFi protocols on the Binance Smart Chain (BSC) to get exploited. Approximately about $80 million worth of BNB tokens just got lost. The hack was carried out at the latter part of the night, on January 27, 2022, and was only discovered by the platform some few hours […]
The International Monetary Fund (IMF) has called on the Japanese government to cut back on its pandemic support program but to consider increasing taxes on capital income and properties as soon as the country’s economy completely recovers from the effects of the COVID pandemic. The IMF said that as the government has to continue supporting […]
In 2021, crypto devotees were persuaded that the US government had it in for them. And this is not without reason, as a thread of arrangements by the SEC and other controllers propose that government authorities are not at a commonplace with the industry, but rather a threat to it. The reason for this is […]
Per Bloomberg, the US SEC probes three crypto-yield companies over proper registration issues. Why The Probe? While none of the firms have been alleged of any misconduct, multiple sources reveal that the SEC is investigating whether crypto yield firms’ offerings should be considered securities. The operations of crypto lending firms are similar to the way […]
Even though the crypto market has been declining since the beginning of the week, it culminated in a massive decline on January 21, with BTC now trading at a 6-month low of $35.35K. Crypto Price Correction And Dwindling Wealth For CZ As widely reported in various media, the price of crypto-related stocks has not been […]
Popular trading platform, Robinhood, has launched the trial version of its crypto wallet feature that allows its users to perform crypto transactions outside the platform. Feature Only Available For Select Users However, this feature (WenWallets) is only available to 1,000 selected users. Part of the press release issued by Robinhood states that the firm intends […]
On January 20, Crypto.com issued an official statement to share details of its losses during a recent breach of its security network. Nearly $34m Worth Of Digital Assets Were Stolen – Crypto.Com Part of the statement revealed that hackers stole “444.94 BTC, 4,836.27 ETH and about $66.3K worth of other digital assets” from its platform. […]
Until the implementation of EIP-1559 during the London hard fork of august 2021, ETH users couldn’t pay fees using burned Ether. Implementing EIP-1559 But since the implementation of the EIP-1559, burning ETH has been a custom among ETH users. It has to be noted that ‘burning ETH’ is an act of reducing ETH supply permanently. […]
The bears are seemingly in control of the Euro. Thus, pushing it towards the daily low levels on January 10. Weakening EUR/USD Amidst Renewed Buying Interest In USD Renewed bullishness on the USD has caused a weakening of the EUR/USD trading pair. The positive investor mood caused the renewed bullishness in the USD following unemployment […]
As a way of enforcing more oversight functions on the crypto market, Thai’s financial regulator has slammed its crypto traders with a 16% capital gains tax from their crypto profits. A local media report stated that the finance ministry would be highly watchful of tax filings henceforth, especially those involved in digital currencies. But the […]
LINK currently trades over a crucial horizontal range. However, its trend direction in the long-term will depend on whether it turns bearish or remains bullish from hereon. Early last month, LINK turned bullish after hitting the $14 lows. This bullishness was important because it had established a higher low than its price six months earlier. […]
The CFTC has taken regulatory action against Polymarket (registered with the commission as Blockratize LLC based in Delaware). Why Polymarket Was Fined The firm was accused of providing event-based binary options contracts for Americans without an approved license. The commission remarked that Polymarket would need a designated contract market (DCM) license or a swap execution […]
