The Bank of Japan (BOJ) confirmed today that they will not raise interest rates amid turbulent financial and capital markets. Deputy Governor of BOJ, Shinichi Uchida stated the need of maintaining monetary easing with the current policy interest rate in a meeting in Japan. The Japanese yen continued its losses
August 7, 2024 2 mins read
The ongoing legal battle regarding the alleged operation of an unregistered securities exchange between SEC and Coinbase is heating up. Recently, the SEC regulator rejects Coinbase’s access to the personal emails of SEC Chair Gary Gensler. The Coinbase Chief Legal Officer, Paul Grewal hence responded to this on X post.
August 6, 2024 2 mins read
Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market cap, have faced a critical and dramatic downturn that panicked the global crypto community. In the unforeseen market crash, BTC plummeted by 17%, hitting its 5-month-low at $49K. Likewise, ETH recorded a severe drop of 24%, priced below the $2.5K
August 6, 2024 2 mins read
Binance’s native pool has officially launched the Kaspa Network (KAS) mining service. The launch of this service on the platform does not guarantee a token’s listing on Binance, as per official statement. KAS miners can relish zero pool fees for KAS mining, during the“promotion period” — from today to November
August 5, 2024 2 mins read
The crypto market is anticipating potential bearish momentum as the current market dynamics stay on the borderline of the bearish zone. The tokens are fluctuating and settling back to their recent lows. Among them, the native token of the popular cross-chain bridge platform, Wormhole (W), has declined by 2.40% over
August 2, 2024 2 mins read
The crypto market seems littered after the Fed’s decision, resulting in increased volatility. Bitcoin and Ethereum have declined and slipped to their previous lows. Notably, Solana also stepped into bearish momentum after its brief upward breakout. SOL exhibited over -3% price decline in the past day, causing the token to
August 2, 2024 2 mins read
The crypto market exhibits a bearish sentiment followed by the unchanged Fed rate. Bitcoin has dropped by 3%, and the largest altcoin, Ethereum, recorded a similar downside price action by falling over 3.70%. A low has formed near $3,136, indicating a negative outlook. The price drop of ETH can also
August 1, 2024 2 mins read
The United States announced the Fed rate has kept steady at 5.25%–5.50% on Wednesday. Federal Reserve Chair, Jerome Powell, signals a rate cut during the September meeting. This could happen if economic data continues at the proper pace. The Powell-led panel ended its fifth policy-setting meeting for 2024 on July
August 1, 2024 2 mins read
A series of security breaches has recently escalated in the crypto market. The well-known Terra blockchain has now been added to the list of victims. The Terra blockchain has suffered a significant security breach, resulting in the theft of tokens valued approximately $5.54 million at current prices. Their official X
July 31, 2024 2 mins read
The Bitcoin (BTC) price seems to extend losses in the market. In the past 24 hours, the largest crypto has struggled to clear the $66.5K level and dipped by 1.28%. A low has formed near $65,323. Following BTC’s price dip, the global crypto market returned to $2.36 trillion, down by
July 31, 2024 2 mins read
