Browsing:Market

Crypto Community Slams FTX CEO Over Proposed Centralized Industry Standards
2 years ago 1 min read

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

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 an outline of sanctions compliance on blockchain platforms; what must be done if a hack occurs; who must be held accountable; and, most significantly, how to avoid scams and protect

The Cardano blockchain has seen a surge in network activity
2 years ago 1 min read

Cardano Network Transactions Increase by 75% as Activity Skyrockets

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 place among NFT protocols. In the last 24 hours, Cardano ranked ahead of Immutable X, with $1.2 million traded in NFTs, trailing only Ethereum and Solana. On September 22, the

El Salvadorans speak on BTC adoption
2 years ago 1 min read

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

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% of inhabitants said they had never used digital assets in 2022, when the whole digital asset market plummeted substantially. Furthermore, with President Nayib Bukele amassing more Bitcoin, another 77% of

FTX delivered Voyager Digital's primary wallet 50,000 Ethereum, valued at around $65 million.
2 years ago 2 mins read

FTX sends 50,000 Ethereum to Voyagar Digital

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 workforce while others completely ceased operations. One of the companies that lost 20% of its workforce owing to cash flow problems was Coinbase. Voyager Digital is one of the businesses

Is ADA at Risk of Dropping Out of the Top 10 Cryptos List?
2 years ago 1 min read

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

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 cryptocurrency by market value may continue to set fresh price bottoms if bears maintain their dominance, which would eventually cause it to tumble off the list of the top 10

morgan-stanley on Bitcoin
2 years ago 1 min read

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

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 speedy introduction of these ETPs was not even hampered by a 70% reduction in the market’s total asset value, which fell to $24 billion. Morgan Stanley further stated that at

Mirna's Blockchain VAT
2 years ago 1 min read

Oman Ministry Acknowledges Mirna’s Blockchain VAT Platform Development

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 weeks, there have been more Arab women working on blockchain initiatives. Mirna claimed in an interview that her father’s insistence on creating a budget accounting system employing cutting-edge technology was

Terra Luna Classic (LUNC) Price Prediction 2023
2 years ago 3 mins read

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

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 in the market, after the market collapse that caused a significant drop in its price. Terra Luna Classic (LUNC) Current Market Situation According to CoinMarketCap, the total quantity of Terra

Shiba Inu price prediction
2 years ago 1 min read

Shiba Inu price expects a 16% move amid an explosion in trading volume

Shiba Inu (SHIB) price is confirming a significant bullish trend, which would probably cause it to rise 16.25% from the breakout point to $0.00001208. The second-largest meme coin recovered after hitting support at $0.000000960, as was previously mentioned. Over the previous 24 hours, Shiba Inu’s trading volume surpassed $135 million and soared above the $100 million barrier. Only a few days have passed since the tech behemoth Google announced support for SHIB payments as a result of a strategic alliance with Coinbase. CoinMarketCap’s real-time pricing information shows that SHIB‘s trading volume has increased by 19.72%. Decentralized exchanges (DEXs) only bring

Bitcoin price 2022
2 years ago 2 mins read

Is Bitcoin (BTC) gearing up for an October price rally?

As September comes to a close, the crypto market leader, Bitcoin (BTC), may stage a mini rally, as October has historically been a good month for the largest cryptocurrency by market cap. At the time of writing, BTC is trading below the $20k resistance level, at around $19,4436, after a 3.82% increase in price over the previous 24 hours, according to CoinMarketCap. According to the monthly chart of BTC/USDT, BTC’s price performed poorly in September. As the month comes to a close, BTC has dropped 3.17%. Furthermore, the chart reveals a pattern in the monthly price movements of BTC. Historically,

BTC Market Analysis: July 25th, 2022
2 years ago 1 min read

BTC Market Analysis: July 25th, 2022

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 reaches the $20,000–21,000 support area. At that point, a strong surge will break the wedge and cause it to rise to roughly the $26,000 region. However, depending on the volatility

Cardano Vasil Hard Fork Analysis
2 years ago 2 mins read

Cardano Vasil Hard Fork Analysis

Cardano is the 8th largest cryptocurrency in the world according to Coinmarketcap with a $15.4 billion market cap at the time of asking. It is set up to rival major blockchains like Ethereum and BNB Chain in the coming years. There is an important update coming for the Cardano blockchain also considered to be the most important update in its history, which is expected to have a significant positive impact on the price. Coupled with the current bearish cryptocurrency market, $ADA, the native token of the Cardano ecosystem has dropped more than the major coins and has been in a

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