South Korea has solidified its position as a crypto trading hotspot, with local exchanges surpassing global competitors in trading volume. A recent report from DeSpread Research sheds light on the country’s crypto passion, showcasing a strong preference for altcoins and local tokens among Korean investors. According to the report, the
Following a vote in favor of discontinuing the Lido on Solana protocol, Lido Finance, a decentralized liquid staking platform, will cease its Solana operations. It will “begin shortly” according to a blog post published by Lido on Monday, which states that the organization will cease its Solana staking product. 65
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
Ripple, the 5th-largest cryptocurrency, could be gearing up for a rally, according to some analysts weighing market risk factors. Glassnode co-founder Negentropic recently tweeted that the current volatile crypto environment may set up willing risk-takers for gains in large-cap coins, including Ripple. He cited declining risk levels similar to those
In a rollercoaster week for the global cryptocurrency market, Bitcoin (BTC) led a bullish rally, nearly reaching a seven-week high of $28.3K on Monday, positively influencing various digital currencies. However, the market faced a sudden downturn today, plummeting by 2.56%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Bitcoin experienced a surge
The global cryptocurrency market has maintained stability and is witnessing a slight recovery. Meanwhile, Binance, the world’s largest cryptocurrency exchange, has made the decision to sell its Russian unit as part of its strategic exit from the Russian market. Over the past 24 hours, the cryptocurrency market has displayed significant
While major cryptocurrencies, including Bitcoin, grapple with a downtrend in the market, the low-cap altcoin Terra Luna Classic (LUNC) has jumped to life with a significant breakout of a descending channel pattern. The cryptocurrency has gained nearly 12% (from $0.00005667 to $0.00006372) in intraday trading, and this unexpected surge has
The cryptocurrency market have experienced a widespread rebound lately with major cryptocurrencies trading in green. Ethereum’s recent fees stabilization has made the network even more appealing, and if the cryptocurrency can push through its present resistance levels, it has the potential to reach $2000 again. Moreover, a crypto whale has
Vitalik Buterin, co-founder of Ethereum, spoke with David Hoffman at Blockworks’ Permissionless event recently, outlining his hopes for Ethereum and the larger Web3 ecosystem. Buterin said that existing advancements in the blockchain field, such as DeFi and NFTs, are vital but relatively restricted in magnitude, and he called for more
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
