High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration […]
The U.S. Securities and Exchange Commission (SEC) has brought charges against two brothers for running a $60 million Ponzi scheme. Notably, the complaint was filed on August 26 in the United States District Court for the Northern District of Georgia in Atlanta. SEC Freezes Assets in Scam According to the regulator’s filing, Jonathan Adam and […]
Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community. According to a report from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin […]
The Bitcoin hash price, a metric measuring miner revenue per terahash or computing power, has fallen to its lowest level ever. According to recent data, this is a sign of upcoming bullish momentum. A Quicktake by CryptoQuant analyst Woominkyu revealed that the current level of the bitcoin hash price indicates a good buying opportunity. A […]
TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, […]
Around 62,000 Bitcoin options contracts are due for expiry on Friday, August 30. They have a notional value of around $3.65 billion. Today’s options expiry event is a large one due to it being the end of the month. However, spot markets are rarely rattled by these derivatives developments which serve more as an indication […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well. On Thursday, ETH managed to recover some of the recent losses and spiked toward $2,600 again but was stopped there […]
Richard Teng has dismissed allegations made by Ray Youssef, founder of the peer-to-peer Bitcoin (BTC) trading platform NoOnes, that the crypto exchange froze Palestinian assets on the exchange at the request of Israeli authorities. The controversy started following Youssef’s August 26 message on X, where he accused Binance of complying with directives to freeze accounts […]
The seven-day chart wasn’t exactly a catastrophe for major crypto assets Wednesday, but most top coins were in the red. That included a 3% slide for Bitcoin after a sudden drop in open interest for BTC futures among institutional crypto investors. Meanwhile, Popcat showed special strength among meme coins. Most blue chip memes were down […]
Donald Trump has announced a new batch of NFT trading cards, continuing his bid to win crypto votes in the upcoming November elections. The Republican U.S. presidential nominee took to his Truth Social account to unveil the non-fungible token while posting a promotional video of himself saying people call him the “crypto president.” NFT Trading […]