Coinbase has revealed troubling findings about the Federal Deposit Insurance Corporation (FDIC), uncovering over 20 instances where the regulator advised banks to avoid providing crypto-related services. This information emerged following the exchange’s recent Freedom of Information Act (FOIA) requests aimed at shedding light on the ongoing governmental crackdown on cryptocurrencies.
The cryptocurrency market has been in a brief bearish turn over the past 24 hours. The assets have lost their momentum and began to slide down. Nonetheless, the current market volatility is unpredictable, with mixed signals. Solana (SOL), the fifth-largest cryptocurrency, has faced the downturn and lost over 0.10%. Over
The global crypto market pendulum has hit an early swing to market revival after this month’s initial drop. Meanwhile, in an interesting turn of events, stablecoin issuer, Tether has announced the launch of its Dirham-pegged stablecoin soon. With such updates, the digital asset space has shown a spur of activity
Bitcoin (BTC) recently faced a sharp decline after touching impressive highs. On 30 October, BTC surged to $73,500, continuing its pattern of “Uptober” gains. However, it failed to sustain momentum, slipping below the crucial $70,000 level. As of now, Bitcoin is trading around $69,561, reflecting a slight 0.07% uptick in
Had Bitcoin not rallied to $73.5K, October would likely be remembered as Rektober rather than Uptober. Several altcoins also experienced notable rallies on the charts. Among them, Raydium (RAY) staged an impressive price jump—a 115% spike over 30 days. RAY — the native token of Raydium, a decentralized exchange (DEX)
AAVE has experienced a challenging 24 hours, with its price dipping 5% to a six-day low of $140 amid a broader market slump. Currently trading at $143, the token has seen an 8% decline in trading volume over the same period, while its weekly performance reflects a modest decrease of
Crypto trading platform Bitsgap and its AI Assistant are capturing attention after having amassed over $9 million in user deposits in mere weeks and generating $200,000 in profits. Launched by the Estonia-based platform, the AI Assistant’s success highlights an increased interest in automated trading tools that offer efficiency and insight.
SingularityDAO has completed a community vote on its planned merger with Cogito Finance and SelfKey. SingularityDAO was able to go forward with plans to create Singularity Finance, an EVM Layer 2 for tokenizing the AI economy, after SDAO holders unanimously approved the merger. The popular governance framework, Snapshot, was used
The cryptocurrency market has faced a pullback over the past 24 hours, with its market cap plummeting by over3.60% to $2.33 trillion. The largest asset, Bitcoin, which traded above $72.5K, has slipped to $69K. The bearish sentiment affected all the major assets in the market. The dog-themed meme coin Shiba
ZetaChain (ZETA), an interoperability-focused Layer-1 blockchain, experienced a six-hour outage on Thursday, halting deposits and withdrawals. The network’s interruption was caused by a consensus failure linked to a recent update deployed to a limited number of validators, necessitating a rollback to node software version 20.0.5. At approximately 11:53 p.m. UTC,
