Plasma CEO Paul Faecks has clarified that no team members have sold their XPL allocations. His statement came in response to speculation following the token’s recent launch. Faecks Addresses XPL Concerns The controversy began when blockchain sleuths flagged large XPL transactions from team wallets shortly after its debut, with some suggesting that these movements were […]
Dogecoin (DOGE) was trading around $0.26 at press time, having gained 7% over the last 24 hours and 11% over the past seven days. This price action is turning heads as October begins with some hints of the momentum being a little stronger. Daily Breakout Signals Shift Analyst Trader Tardigrade reported that DOGE closed above […]
London-based VivoPower International has raised $19 million in fresh equity at $6.05 per share, a premium to market, with the funds earmarked for its growing XRP digital asset treasury strategy. The move is seen as a show of the company’s deepening commitment to Ripple’s ecosystem at a time when the XRP price action is drawing […]
XRP, alongside the Ripple ecosystem, may be on the verge of a major change following a new leadership shift. Ripple’s chief technology officer (CTO), David Schwartz, has announced his departure from the top role after 13 years of service. According to Schwartz’s tweet, he will retire from the day-to-day duties as Ripple CTO by the […]
Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns. “Risk appetite is incredibly strong,” and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds. That risk has extended […]
Ethereum’s price is rebounding aggressively after the recent decline from the $4,800 area. Investors are now hopeful for another push toward the $5,000 level and beyond in the coming weeks. Technical Analysis By Shayan The Daily Chart ETH has successfully defended the $4,000 support zone, bouncing from the area. This zone overlaps with the 100-day […]
The United States government has shut down due to a failure to pass funding legislation, affecting many federal services and furloughing non-essential workers; however, essential services will continue. Crypto markets appear to have taken this in their stride with very little movement in most digital assets over the past few hours. Total capitalization is holding on […]
The Turkish government is drafting legislation to expand the powers of its financial crime watchdog, Masak, allowing it to freeze and restrict access to bank and cryptocurrency accounts. The bill is designed to curb money laundering, fraud, and “rented” accounts used for illegal betting, Bloomberg reported on Monday, citing anonymous sources. Intergovernmental watchdog, the Financial […]
Amidst a broader market downturn, Bitcoin investment products faced $719 million in outflows over the past week, but there was no significant uptick in short-bitcoin product demand. This meant that bearish sentiment may lack conviction and could prove short-lived. Crypto Funds Shed $812M Across the broader digital asset market, outflows reached $812 million, driven by […]
TL;DR Bitcoin’s price crashed hard in the past week, going from over $115,000 to under $109,000 at one point. However, the asset managed to remain above a key support level, which could send it flying toward its all-time high of over $124,000. Crash Won’t Stop BTC (For Now) When we zoom out for just a […]