The crypto market has witnessed bullish turns, with the market cap recording a 2.90% spike. Nonetheless, volatility has persisted over the past week. Solana (SOL), the fifth-largest cryptocurrency, has faced significant challenges throughout August, with its price dropping to $110—its lowest level in the past five months. SOL’s has briefly
After burning an additional 1.19 billion Terra Classic tokens, Binance’s LUNC burn totaled approximately $65 billion. In the midst of a wider crypto market selloff and discussions about validators violating chain rules, the price of Terra Classic token in spot and derivatives markets has not recovered this time. Binance, a
Solana (SOL) finds itself at a critical juncture as it grapples with formidable resistance at the $160 level, having made two unsuccessful attempts to breach this threshold in August alone. While these setbacks have dampened short-term sentiment, the potential for recovery remains, contingent on a shift in investor outlook. However,
Binance Coin (BNB) has plummeted by more than 7% over the past week. Since August 23, the cryptocurrency has been consistently trading below a descending trend line, confirming an ongoing bearish phase. This technical setup paints a concerning picture for BNB’s short-term prospects, with the potential for further losses looming
A man from London is the first in the UK to face charges related to running an unlicensed Bitcoin ATM. After a search of a Chatham electronics store by the Kent Police on April 28, 2023, Habibur Rahman, 37, of Langdon Crescent, East Ham, was taken into custody. Moreover, the
As the cryptocurrency sector anxiously awaits a verdict, the Nigerian court has rescheduled the trial of Tigran Gambaryan, a former US federal agent and executive of crypto exchange Binance, until September 2. Later afternoon, the most recent court hearing involving Gambaryan will begin. The executive of Binance was taken into
The global crypto market has briefly revived from the market dip, with the total market cap bouncing back to $2.05 trillion, marking a 0.23% increase. Notably, the trading volume has surged by 66.12% to $60.11 billion in the last 24 hours. Meanwhile, the digital asset investment products saw outflows totaling
The cryptocurrency sector is always evolving for which upgradation is a cornerstone. Web3 development thrives on the constant upscaling of networks and blockchains. Over the weekend, the Cardano ecosystem’s much-awaited Chang Upgrade went live. The upgrade brings new updates and will transform certain key aspects of the network. Notably, the
Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million in NFT sales, while Solana followed closely with $79 million. Bitcoin [BTC] also made it to the
OKX, a global cryptocurrency spot, and derivatives exchange which is now fully licensed in Singapore, hires former Monetary Authority of Singapore (MAS) officials as local CEO. OKX’s Singapore entity OKX SG received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows them to offer
