Bitcoin, the leading cryptocurrency, has witnessed a significant reduction in its trading volume this year. The current market activity is characterized by low volatility and narrow price ranges, which limit trading opportunities. Despite a brief surge above $27.5k earlier this week, Bitcoin has retreated to around $26k. The primary factor hindering its price growth is
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BTC’s price performance over the weekend has been disappointingly dull, with minimal movements to speak of. This lack of momentum has carried over into the altcoin market, where stability has been the norm on a daily scale. However, amidst this relative calm, a few altcoins, such as LINK, have managed to explode in value over
Ethereum, one of the leading blockchain networks, underwent a significant upgrade known as the Shanghai upgrade about a year ago. This upgrade aimed to enhance network activity and strengthen the decentralized finance (DeFi) ecosystem. However, a recent report from JPMorgan suggests that the upgrade has not met expectations. A Decline in Network Activity JPMorgan’s analysis
The Australian Securities and Investments Commission (ASIC) has taken legal action against Bit Trade Pty Ltd due to its alleged failure to comply with design and distribution obligations (DDO). This failure has resulted in significant losses for customers. ASIC’s legal proceedings against Bit Trade, the provider of Kraken cryptocurrency exchange services in Australia, highlight the
The current state of Ripple’s native token, XRP, has prompted cryptocurrency analyst EGRAG CRYPTO to make a daring prediction. According to EGRAG CRYPTO, there is a chance for XRP to skyrocket to $1.40, but only under certain conditions. In order for this significant price increase to occur, the token must close above a specific level,
The world of cryptocurrencies is constantly evolving, with Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) leading the pack in terms of market capitalization and popularity. These three cryptocurrencies have recently achieved several important milestones, indicating their growing prominence in the digital asset space. In this article, we will delve into these advancements and explore
The ongoing battle between Binance, the world’s leading crypto exchange, and the U.S. Securities and Exchange Commission (SEC) is intensifying. The SEC has been requesting additional documentation from Binance and its U.S. arm, and earlier this week, the regulatory body expressed dissatisfaction with the quality of information provided. This article examines the situation, delves into
The upcoming week is set to be crucial for the financial landscape, with several significant events on the horizon. From legal proceedings between the United States Securities and Exchange Commission (SEC) and Binance to the release of inflation data and the US Federal Reserve’s interest rate decision, investors worldwide should pay close attention to these
In a shocking turn of events, Karl Sebastian Greenwood, the co-founder of OneCoin and a close associate of the infamous “Cryptoqueen” Ruja Ignatova, has been sentenced to 20 years in prison for his role in one of the largest cryptocurrency scams in history. This development marks a significant milestone in the unraveling of the fraudulent
Cryptocurrency markets have long been plagued by issues of market manipulation, and a recent report by Solidus Labs has shed light on the prevalence of wash trading on Ethereum-based decentralized exchanges (DEXs). The report reveals that at least $2 billion worth of cryptocurrency has been involved in wash trading activities since 2020, highlighting the urgent