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Binance Coin Fails to Flip Crucial Resistance Into support: BNB Eyes $500

Binance Coin (BNB) finds itself at a critical juncture as it repeatedly fails to overcome a major resistance block, with its own traders exacerbating the situation by withdrawing funds at the first signs of bearish market sentiment. This confluence of factors has placed BNB in a precarious position, challenging its

August 28, 2024 2 mins read

Creditcoin Launches EVM-Compatible Mainnet and CreditWallet App

The foundational L1 blockchain, Creditcoin, has announced the launch of its EVM-compatible mainnet, a significant advancement in the use of blockchain technology to achieve global financial inclusion. Together with introducing CreditWallet, a brand-new mobile wallet app designed to maximize user interaction with the Creditcoin ecosystem, this launch furthers the primary goals of Creditcoin.

August 28, 2024 1 min read

Polygon (MATIC) Suffers the Worst Losses in Latest Market Dip

The overall crypto market is under downside pressure, and the market cap has plummeted by over 3.30% to $2.11 trillion. Leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have crashed by over 4%. However, Polygon (MATIC) has drawn attention by topping the losers list, declining by 10.20% over the past 24

August 28, 2024 2 mins read

India Pushes Plug and Play System for CBDC Interoperability

India is taking significant steps toward enhancing cross-border payment efficiency by proposing a plug-and-play system for Central Bank Digital Currencies (CBDCs).  Shaktikanta Das, Reserve Bank of India (RBI) Governor, emphasized the importance of interoperability in cross-border payments. Recently, Das highlighted that interoperability should be a key design element to maximize

August 28, 2024 2 mins read

HashKey Expands Retail Trading with New AVAX and LINK Pairs

HashKey, a licensed cryptocurrency exchange in Hong Kong, has announced the expansion of its asset offerings for retail investors. The exchange received approval to list Avalanche (AVAX) and Chainlink (LINK), allowing retail trading of these tokens in both Hong Kong dollars and US dollars. Previously, Hong Kong regulations only permitted

August 28, 2024 2 mins read

Binance Faces Backlash for Seizing Palestinian Crypto Funds Amid IDF Orders

Binance blocked Palestinian crypto funds. The exchange seized cryptocurrency from Palestinians as per the request of the Israel Defence Force (IDF). They refused to return the funds and all the appeals have been denied. Moreover, the assets are frozen and seized.  Also, #BoycottBinance is currently trending on Twitter. In addition

August 28, 2024 1 min read

Can Upcoming Fed Rate Cuts Spark a Crypto Market Recovery?

The cryptocurrency market has been under bearish pressure, with bearish sentiment driving a 5.58% decline in overall market capitalization. Bitcoin, the leading cryptocurrency, dropped to an eight-day low of $58,034, marking a 5% decline. Ethereum also faced a sharp downturn, briefly falling to a 20-day low of $2,481.  Amid this

August 28, 2024 2 mins read