A group of investors have launched a class action lawsuit against Binance and its former CEO Changpeng Zhao (CZ) claiming the exchange allowed thieves to launder their stolen assets by failing to implement proper anti-money laundering protections. The investors allege that if not for Binance providing a platform for criminals to easily launder stolen assets, […]

After reaching new all-time highs earlier this year, Bitcoin has entered a multi-month period of choppy price action, leading many to wonder if the bull cycle is over. In this article, we dive deep into key metrics and trends to understand if the market is just cooling off or if we’ve already seen the peak […]

HodlX Guest Post  Submit Your Post   Amid soaring inflation rates that continue to impact the cost of living, it’s impossible to know for certain when inflation will slow down. Until then, populations continue facing significant financial strain while grappling with the rising cost of living. Given these circumstances, it’s clear that not everyone can afford […]

A widely followed analyst and trader who accurately predicted the 2018 Bitcoin (BTC) bottom is expressing bullish sentiment on a top-10 crypto asset by market cap. The analyst and trader pseudonymously known as Bluntz tells his 269,700 followers on the social media platform X that BNB has a bullish-looking chart on the weekly time frame. […]

TL;DR Ethereum ETFs Face Record Outflows: Spot Ethereum ETFs in the U.S. saw their longest outflow streak since inception, with $92.2 million withdrawn from August 15 to August 21, raising concerns about market confidence. Grayscale Leads Withdrawals: The Grayscale Ethereum Trust (ETHE) was a major contributor, with $158.6 million in outflows, overshadowing inflows into other […]

The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, […]

The global cryptocurrency exchange Bitget has partnered with KoinX, a renowned provider of crypto tax reporting solutions. This collaboration aims to enhance how Bitget users manage their tax obligations and help them better comply with local regulations. Alliance to Simplify Compliance According to the official statement, the partnership between Bitget and KoinX could have tax-related […]

The market is facing severe volatility as the two main assets, Bitcoin (BTC) and Ethereum (ETH), are in crucial accumulation phases. However, Bitcoin has performed better over the past ten days, standing out amid the fluctuations.  The ETH/BTC chart reveals this shift. At the time of writing, Ethereum’s price in Bitcoin terms was 0.043, its […]

The last 48 hours mark the most volatile session in the market since Avalanche started to recover two weeks back. It appeared strong on the week but bias remains bearish on the monthly scale. Last week’s trading was painful as Avax briefly turned weak after posting small gains from the monthly low. However, things turned […]

Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses and individuals. This includes using Fireblocks’ Wallets-as-a-Service (WaaS) to manage and protect customer assets. This partnership addresses the […]

The scalability of financial technologies depends on legal system adaptability. India, with 93 million cryptocurrency owners, …

Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal over interest rate cuts.

Market is indeed seeing recovery, but its fundamental strength could be gone

Cryptocurrency analyst and trader Kevin Svenson is saying that two catalysts could have bullish implications for Bitcoin (BTC). Svenson tells his 79,100 YouTube subscribers that the stock market and the global money supply are “supporting the idea of a rebound, a recovery, possibly new all-time highs” for Bitcoin. “The S&P 500 [stock index] has defied […]

Crypto strategist Michaël van de Poppe believes that Bitcoin (BTC) is heading for new all-time highs (ATHs) if it breaks through one key level. The analyst tells his 723,200 followers on the social media platform X that if Bitcoin bounces 2.25% from its current value it could hit a new ATH by early September. “It […]

Bitcoin was not a big topic at the Democratic National Convention (DNC) this week. None of the speakers at the event uttered a word about the electronic cash system or other crypto assets from the event’s main stage at Chicago’s United Center. And you’d have been hard pressed to have overheard a conversation on Bitcoin […]

PayPal is stepping up its game in the crypto world by partnering with Anchorage Digital to offer rewards for holding its stablecoin, PYUSD. This move aims to attract institutional investors by giving them a reason to keep PYUSD in their portfolios.  Source: https://cryptoslate.com/ Anchorage Digital, the only U.S. crypto firm with a federal bank charter, […]

Henrik Zeberg, Head Macro Economist at Swissblock, has reasserted his prediction that a US recession is inevitable, but not before a dramatic upswing in financial markets, including a substantial rally for Bitcoin to heights between $115,000 and $120,000. In his most recent analysis posted on X, Zeberg expounded upon the cyclical nature of markets and […]

TL;DR No IPO Plans: New CEO Richard Teng confirms Binance has no plans for an IPO, emphasizing the company’s strong financial position and profitability since its early months. Focus on Compliance: Binance has increased compliance spending by 36% to build better relationships with global regulators and aims to transform into a board-led organization. Addressing Past […]

TL;DR The crypto industry has invested over $119 million in the 2024 elections to support pro-crypto candidates, with Coinbase and Ripple leading the donations. Some controversy has arisen over corporate influence in politics. Since 2010, the crypto sector has contributed $129 million in political donations, representing 15% of all corporate spending on federal elections. The […]

[PRESS RELEASE – Amsterdam, Netherlands, August 22nd, 2024] Hivello, a leading aggregator of decentralized physical infrastructure networks (DePINs), has announced a strategic partnership with Mysterium Network, a pioneer in decentralized networking and VPN services. This collaboration aims to integrate MystNodes into the Hivello platform, driving mutual growth, enhancing network capabilities, and expanding user engagement within […]

The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally, in partnership […]

Casts light on how shady crypto characters defraud consumers but offers little on how to control them.

Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.

A closely followed crypto strategist believes that one top-10 altcoin is about to move another leg up. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that that he thinks BNB, the native asset of the DeFi protocol Binance Smart Chain, will witness higher prices this year. He also believes […]

A recent snapshot of Bitcoin’s holder landscape reveals intriguing insights. As of August 21, 8.08 million addresses held mere crumbs of BTC, worth less than $1, while a mere 10,130 addresses boasted impressive holdings of over $10 million. Meanwhile, a staggering 54.07 million addresses held BTC at its current price, with a significant 82.20% of […]

Bitcoin could be on verge of rally if this pattern plays out as expected

As the meme coin market continues to evolve, investors are always on the lookout for the next big opportunity. Recently, Base Dawgz (DAWGZ) has captured significant attention, particularly due to its impressive presale performance, which has now exceeded $3 million. However, despite the excitement surrounding Base Dawgz, a growing number of its holders are beginning […]

A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to settle with the U.S. Securities and Exchange Commission (SEC). In a new community proposal, the decentralized autonomous organization (DAO) of Mango Markets (MNGO) has voted to settle with the SEC even though the regulator hasn’t formally charged […]

A closely followed crypto analyst says that one competitor of Solana (SOL) could skyrocket by 30% while updating his outlook on Bitcoin (BTC) and other digital assets. In a new strategy session, crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that one key metric is flashing a buy signal […]

Around 18,400 Bitcoin options contracts are due for expiry on Friday, August 23. They have a notional value of around $1.1 billion. Today’s options expiry event is a little smaller than last week’s, so its impact on spot markets is likely to be limited. The much larger month-end expiry event next week has a notional […]

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder […]