The price of VeChain’s VET token has been surging over the last week, gaining over 10% to hit its highest levels since May 2022. The broader cryptocurrency market boost has lifted all boats, but analysts have their sights set much higher for VeChain specifically in the next bull cycle. TLDR Crypto analyst Egrag Crypto made […]
Solana Bulls Take Charge: SOL Gears Up to Take Another Run at All-Time Highs
The price of Solana’s SOL token has shown signs of renewed momentum with a breakout over the past week up nearly 10%. SOL now seems poised to take another run towards reclaiming its all-time highs around $260 later this year if bullish sentiment continues. But risks around network stability remain. TLDR Solana price has started […]
Starknet (STRK) goes 50% down after awaited STRK token release
The STRK token has climbed into the top 60 cryptocurrencies, yet the potential for increased selling exists as beneficiaries of the airdrop start to redeem their shares. Starknet, an Ethereum layer-2 solution, has launched its STRK governance token airdrop, granting over a million cryptocurrency enthusiasts the chance to claim a portion of the network’s tokens. […]
Cardano (ADA) Price Analysis: Bulls Eye Fresh High Above $0.65
ADA price is attempting a fresh increase from the $0.565 zone against the US Dollar. The price is now trading above $0.600 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5900 on the 4-hour chart (data feed via Coinbase). The price could […]
South Korean Police Arrest ‘Multinational Gang of OTC Crypto Thieves’
OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash. MBN reported that officers from Geumcheon Police Station in Seoul arrested six people after “luring her” into a bogus OTC (over-the-counter) “crypto transaction.” […]
US Bitcoin ETF Trading Hits Daily Record at $2.4B, BlackRock Leads: Bloomberg Intelligence
The newly launched nine Bitcoin exchange-traded funds (ETFs) in the U.S. have broken an all-time daily record in volume, taking in $2.4 billion which is about double their recent daily average, according to Eric Balchunas from Bloomberg Intelligence. The first day of trading for the ETFs was January 11, the $2.4 billion in trading on […]
Over $268 Million Shorts Liquidated as Bitcoin Price Briefly Tops $57,000
The price of the leading cryptocurrency Bitcoin rallied over 10% to soar above $57,000 for the first time since November 2021. The price rally caused total shorts positions to bleed over $268 million in the last 24hrs, including $158 million in bitcoin shorts, as per Coinglass data. Bitcoin price rally during early Asian hours on […]
Republican Senators Propose Legislation to Prohibit CBDC: The Hill
The U.S. Republican senators have introduced a bill aiming to ban Federal Reserve-backed central bank digital currency (CBDC). As reported by The Hill, this legislation emerged amid the Biden administration and Fed’s ongoing interest in studying the potential applications of CBDCs. On Feb. 26, Sen. Ted Cruz (R-TX) shared his concerns over the “programmable money.” […]
Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application
Hong Kong-based cryptocurrency exchange HTX, formerly known as Huobi Global, withdrew its application for a license on February 23, according to a filing posted on the Securities and Futures Commission website. Seychelles-based cryptocurrency exchange HTX is a trading platform which is backed by China-born entrepreneur Justin Sun, HTX has not disclosed its reason for withdrawal. […]
ENS and Manifold Finance Reach Settlement Over eth.link Domain Dispute
Ethereum Name Service (ENS) developer has agreed to settle with Manifold Finance over the ownership of the eth.link domain. The decentralized autonomous organization (DAO) of ENS approved a settlement of $300,000 to be paid to Manifold, while also securing the rights to retain the domain name, according to a vote ending Monday. Additionally, ENS Labs’ legal costs […]