Market

The FTX deal could return 70% of funds to Voyager clients, FTT price falls by 5%

October 20, 2022 1 min read

The FTX crypto exchange’s native token, FTT, has taken a hammering in the last 24 hours as new information about its Voyager acquisition plans has emerged. Bloomberg reported on October 20 that a tentative agreement between FTX.US and the troubled crypto lender Voyager Digital could result in the majority of assets being repaid. The arrangement, which was approved by U.S. Bankruptcy Judge Michael Wiles on Oct. 19, cannot be finalized

Relai partners with Checkout.com to enable 24/7 bitcoin purchases

October 20, 2022 1 min read

Relai is also improving its user interface to make acquiring bitcoin easier, as Europeans can now buy bitcoin instantaneously 24/7 using Visa, Mastercard, and Apple Pay. According to a press release issued to Bitcoin Magazine, Relai, a Swiss-based bitcoin software, has teamed up with Checkout.com to enable 24/7 bitcoin purchases in Europe through user-owned wallets. “We are happy to announce our relationship with Checkout.com at a time when it is

Will Aptos (APT) price hit $20 before 2023?

October 20, 2022 4 mins read

Aptos is a Layer 1 blockchain project that makes use of the Move programming language. Users can anticipate increased scalability, dependability, security, and utility from cryptocurrencies. The blockchain is based on the now-defunct Diem blockchain proposal (from Meta). Aptos, a cryptocurrency based on the Diem programming language, is being developed by Diem developers. It will stick to Diem’s original aim of creating a scalable, fast blockchain. It also plans to

SBF, the CEO of FTX, releases a draft that proposes cryptocurrency regulation

October 20, 2022 1 min read

The CEO of the FTX crypto firm, Sam Bankman-Fried, has issued a document containing a draft of a set of standards that might be implemented in the crypto industry. The “Possible Digital Asset Industry Standards” document aims to provide clarity and protect clients while complete federal regulatory regimes are developed. Bankman-Fried moved to Twitter to let his followers know that he had sent the document as promised. The document provides

Cardano Network Transactions Increase by 75% as Activity Skyrockets

October 20, 2022 1 min read

The Cardano blockchain has seen a surge in network activity. According to Cardanoscan, network transactions reached 97,959 on October 19, the highest level since the beginning of October. On a monthly basis, this is a 75% gain. Cardano is now one of the top three NFT chains. According to openCNFT data, NFT volumes reached 3.0 million ADA and 2.8 million ADA on Oct. 17 and 18, putting Cardano in third

Nearly 80% of El Salvadorans say the country’s Bitcoin strategy has been a failure

October 20, 2022 1 min read

Only a little more than a year after El Salvador became the world’s first government to recognize Bitcoin (BTC) as legal cash, the policy looks to be unpopular among most inhabitants. According to a study conducted by the University of Central America (UCA), over 77% of El Salvadorans believe Bitcoin adoption has been a failure. Interestingly, despite the government’s efforts to popularize Bitcoin and cryptocurrencies, the study found that 75.6%

FTX sends 50,000 Ethereum to Voyagar Digital

October 19, 2022 2 mins read

According to a recent source, FTX delivered Voyager Digital’s primary wallet 50,000 Ethereum, valued at around $65 million. The transaction was confirmed in a tweet by Alex Svanevik, the CEO of the blockchain analytics company Nansen. Some crypto companies struggled with insolvency as a result of the crypto winter. Even several cryptocurrency businesses left the market as a result of this negative market. Even worse, several businesses drastically reduced their

Is ADA in Danger of Losing Its Place Among the Top 10 Cryptocurrencies?

October 19, 2022 1 min read

Cardano’s native cryptocurrency, ADA, has established new bottoms during the current crypto bear market as a result of what appears to be a significant price suppression by crypto bears. The token has looked ready to reclaim the lost level ever since the price of ADA plunged below the critical support levels at $0.385. Unfortunately, the likelihood of a bullish turnaround is diminishing because of the deteriorating macroeconomic environment. The eighth-largest

Over 180 active crypto ETPs bet money on bitcoin (BTC) and Ether (ET), claims Morgan Stanley

October 19, 2022 1 min read

Investment companies aren’t deterred by the drop, despite the crypto market going through one of the coldest downtrends. Investment firms have introduced an increasing number of exchange-traded funds over the past 11 months in the expectation that cryptocurrencies will finally succeed. Since the beginning of the bitcoin bear market, approximately 180 active crypto exchange-traded products (ETPs) and trust products have been released internationally, according to Morgan Stanley. In fact, the

Oman Ministry Acknowledges Mirna’s Blockchain VAT Platform Development

October 19, 2022 1 min read

A blockchain-based tool developed by Egyptian engineer Mirna Mohammed was created to monitor the Oman value-added tax system. Consequently, Oman’s Ministry of Higher Education had approved Mirna’s Blockchain VAT accounting platform and will provide funding for its implementation. It is noteworthy that more Arab women from Oman and Saudi Arabia have recently joined the blockchain ecosystem and contributed to the advancement of society and the economy. Over the past few

Will Terra Luna Classic (LUNC) Reach $0.001 Before 2023?

October 19, 2022 3 mins read

Terra is an open-sourced blockchain project that allows users to develop decentralized applications and next-generation web3 products and services. The current Terra Classic (LUNC) was previously called Terra (LUNA).  Terra Classic is multi-chained and is in the Ethereum, Polygon, Solana blockchains, and Binance Smart Chain. Terra was separated into Terra 2.0, also known as the current Terra (LUNA) in the market, and Terra Classic (LUNC), which was the earlier Terra

BTC Market Analysis: July 25th, 2022

July 29, 2022 1 min read

After several weeks of the market downturn, $BTC has just climbed from lows of $19,000 to highs of $24,000, providing some much-needed relief. The price of Bitcoin is at $21,857 at the time of writing, and I will forecast its next move using technical analysis and some fundamentals. According to the chart, the price of bitcoin will continue to trade in a zigzag pattern in this falling wedge until it