Search Results for: crypto market

GameStop Memes’ Rise in 2023, Standing Tall With Bitcoin, Ethereum, and AI Tokens

Cryptocurrencies have weathered the storms of uncertainty since their inception, carving a resilient path that transcends obstacles and infiltrates diverse sectors of life. In this ever-evolving landscape, where giants like Santander Private Banking International delve into Bitcoin and Ethereum, and AI-focused tokens experience a surge, an unconventional player, GameStop Memes

November 22, 2023 5 mins read

Ethereum Price Dips as SEC Postpones Invesco Galaxy ETF Decision

Ethereum Is Above $2000 Again but Will It Cross the $2100 Resistance?

Ethereum (ETH) has initiated a new rally, breaching the $1,950 resistance level. The second largest cryptocurrency is presently in a consolidation phase, eyeing a potential breakthrough above the $2,070 resistance. This positive momentum follows a key trajectory, from the $1,976 swing low to reaching a high of $2,061. Today, ETH’s

November 21, 2023 2 mins read

Uzbekistan Takes Legal Action Against Binance for Unregistered Operations

U.S DOJ Reportedly Seeks $4B Settlement in Ongoing Binance Probe

According to a report from Bloomberg citing persons involved with the talks on November 20th, the US Department of Justice (DOJ) seeks payment for more than $4 billion from Binance Holdings as part of a possible settlement of a years-long probe. Any decision to the inquiry into the corporation, and

November 20, 2023 1 min read

Euro Tether is Set to Launch on Bitunix

Tether, the company behind the popular stablecoin USDT, announced it will launch a euro-pegged cryptocurrency on Bitunix, a new Europe-focused digital asset exchange. In a recent tweet, Tether stated it would soon release Euro Tether (EUR₮) on Bitunix. This represents Tether’s latest expansion into fiat-pegged stablecoins beyond its flagship USDT

November 20, 2023 2 mins read

Shiba Inu's Weekly Burn Rate Skyrockets Fueling Optimism

Shiba Inu Burn Rate Spikes But Price Remains Stagnant

The cryptocurrency ecosystem around the popular meme token Shiba Inu (SHIB) has seen an uptick in the rate of tokens being burned or permanently removed from circulation. However, this increase has not corresponded with any major price movement for the SHIB token itself within the past day. Burning tokens is

November 19, 2023 2 mins read

Cardano Price Action Gives Mixed Signals As Traders Consider Next Move

Cardano Witnesses Correction After Failing to Break Above $0.41

Cardano’s (ADA) recent drop in value reflects the overall crypto market’s decline and puts investors’ fortitude to the test. Profit-taking by investors reassessing their holdings in light of the market’s downturn is likely contributing to the current selling pressure. The Cardano Ballot, announced by Cardano co-founder Charles Hoskinson, will be

November 17, 2023 2 mins read

Top 6 Airdrops To Look Forward To In 2024

As the crypto market resurges, a flurry of anticipated airdrops is set to shake the landscape, with several projects finalizing dates for their token distribution. Amidst the excitement, seasoned observers are eyeing specific ventures for potentially lucrative airdrop opportunities. In a departure from saturated topics, a focus on five standout

November 17, 2023 2 mins read

South Korea’s National Pension Service Buys $19.9M Worth Coinbase Shares

The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps

November 16, 2023 1 min read

Altcoins Rally: SOL, AVAX, and KAS Showcase Strong Performances

In a tale of contrasting halves, the crypto market underwent a rollercoaster ride for the first three quarters of 2023, with a downturn that seemed unrelenting. However, the last quarter heralded a wave of optimism, as the market saw a resurgence in bullish sentiment. Notably, top coins like Bitcoin and

November 15, 2023 3 mins read

Bakkt Reports Third Quarter 2023 Results

Gross crypto services revenues of $191.8 million and associated crypto costs and execution, clearing and brokerage fees of $190.1 million Total revenues of $204.8 million include gross crypto revenues and net loyalty revenues Total operating expenses of $257.6 million includes crypto costs and execution, clearing and brokerage fees and goodwill

November 14, 2023 16 mins read