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A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors
4.10.2023
FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under...
Biggest Movers: MATIC Moves to Highest Point Since August
4.10.2023
Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (MATIC) Polygon (MATIC) rose for a back-to-back...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
4.10.2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin...
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
3.10.2023
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction Backlog Nears End as Ordinal Inscriptions Wane A little...
Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session
3.10.2023
Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today’s session. Dogecoin (DOGE)...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In
3.10.2023
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700. Bitcoin Bitcoin (BTC) edged below the $28,000 level during...
Bitcoin Ordinal Inscriptions Cool Down After Historic Peak
1.10.2023
Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A Look at Bitcoin’s Recent Inscription Decline...
Biggest Movers: LINK Races to 2-Month High, SOL Extends Gains
30.9.2023
Chainlink rose for a fourth straight day to start the weekend, as the price surged by as much as 7% in today’s session. The move pushed the token to a two-month high, breaking out of a key resistance level in the process. Solana extended recent gains on Saturday. Chainlink (LINK) Chainlink (LINK)...
Bitcoin, Ethereum Technical Analysis: Profit Takers Swoop in to Send BTC, ETH Lower
30.9.2023
Bitcoin consolidated to start the weekend, as traders moved to secure gains following recent highs in the market. The global market cap was largely unchanged on Saturday, trading 0.06% lower at the time of writing. Ethereum also declined, after a one-month high on Friday. Bitcoin Bitcoin retreated...
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
28.9.2023
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...
Biggest Movers: SHIB, DOGE Snap Recent Losing Streaks
28.9.2023
Shiba inu snapped a recent four-day losing streak on Thursday, as bulls rejected a breakout below a key level of support. The slight rebound in price came as the global crypto market cap was marginally higher, climbing 0.25% as of writing. Dogecoin was also in the green. Shiba Inu (SHIB) Shiba...
Bitcoin, Ethereum Technical Analysis: ETH Moves to 1-Week High, as BTC Consolidates Recent Gains
28.9.2023
Ethereum climbed to a fresh one-week high on Thursday, as bulls kept price above a key resistance level. The move comes despite cryptocurrencies mostly consolidating in today’s session, following Wednesday’s rally. Bitcoin was marginally lower, retreating from recent gains. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rally as US Government Shutdown Fears Worry Stock Markets
27.9.2023
Bitcoin rebounded strongly on Wednesday, as U.S. indices continued to fall ahead of a potential government shutdown. The U.S. government could run out of money later this week, if a deal is not reached to increase funding. Ethereum also rebounded higher in today’s session. Bitcoin Bitcoin...
Biggest Movers: BCH 5% Higher, as BNB Nears Key Price Target
26.9.2023
Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week’s consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, pushing towards a ceiling of its own at $220....
Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...
Biggest Movers: SHIB Extends Gains, LINK Hits 5-Week High on Saturday
23.9.2023
Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move...
Did the NSA Invent Bitcoin? A 1996 Research Paper Reignites the Debate
22.9.2023
A recent buzz within crypto circles revolves around a 1996 research paper from the U.S. National Security Agency (NSA). There’s burgeoning speculation: did the NSA lay the groundwork for Bitcoin? Indeed, there are striking similarities between the NSA document and the Bitcoin white paper....
Biggest Movers: XRP Rebounds on Friday, Following Recent Decline
22.9.2023
After being the victim of a red wave on Thursday, XRP rebounded in today’s session, as crypto bulls remained resilient. The global market cap is up by 0.40% at the time of writing, following a 2% drop yesterday. Stellar was another strong mover on Friday, and is currently up 2.25% XRP...
‘Soft Landing Is a Primary Objective’ — Federal Reserve Signals One More Rate Hike in 2023
22.9.2023
Based on the U.S. Federal Reserve’s forecasts, it appears that the central bank is poised to enact an additional hike to the federal funds rate by the end of 2023. The news comes in the wake of the Federal Reserve’s decision to leave the interest rate unchanged during its recent...
Biggest Movers: SHIB Bears Snap 3-Day Win Streak, TON Profit Takers Swoop In
21.9.2023
Shiba inu bears ended a three-day bull run on Thursday, as a red wave swept over cryptocurrency markets. Today’s drop comes as the global crypto market cap fell by as much as 1.50%. Toncoin also slipped, as profit takers moved to secure recent gains. Shiba Inu (SHIB) Shiba inu (SHIB) moved lower...