Some market analysts are worried that the market is becoming frothy due to the recent increase in open futures contracts for Bitcoin. Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion, a mark that has traditionally been associated with local price peaks. One important indicator that investors use to
Taurus, a Swiss digital asset infrastructure provider backed by Credit Suisse and Deutsche Bank, has announced a partnership with Chainlink to accelerate the adoption of tokenized assets. This collaboration aims to tackle critical challenges in the tokenized asset sector, including security, data integrity, and asset mobility. .@taurus_hq—a leading digital asset
Dogecoin, the leading meme coin, has faced a notable price drop this week amidst a broader downturn in the global cryptocurrency market. The price of Dogecoin (DOGE) tumbled by over 18% at times, falling from a peak of $0.1314 on Sunday to as low as $0.1045 by Wednesday. Despite this
As of October 1, Ethereum’s current price stands at $2,474, reflecting a 6.20% decrease over the past day. The market cap has similarly declined by 5.18%, currently sitting at $299.87 billion. Despite this price drop, the 24-hour trading volume has increased by 46.66%, reaching $25.27 billion. Ethereum’s market has undergone
Tron (TRX) demonstrated endless growth potential in the past, however, at this point, TRX dominoes seem to have been run into a predicted roadblock after an upward sharp rally in the past. Today’s popular and competitive altcoin after making an all time history price reaching $0.169, a 13.69% drop has
Helium’s crypto token has been making serious waves lately, capturing attention with its unique approach to blockchain-powered broadband. Helium’s ambition? Lower-cost internet access, driven by decentralized tech. Meanwhile, Ethereum’s been having a bumpy ride. It opened at $2,419 on September 15 but pulled back by 3% over the weekend, a
Moo Deng (MOODENG), a meme coin inspired by Thailand’s pygmy hippo star, has seen a dramatic rise and fall in recent days, stirring excitement and concern in the crypto market. After reaching a peak market cap of $322.7 million on September 28, the token has plummeted 50% in just three
Ripple, the company behind the leading cryptocurrency XRP, has obtained in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its blockchain-based payment services in the United Arab Emirates (UAE). According to the official announcement, this approval would lead Ripple to operate from the Dubai International Financial Centre (DIFC).
The cryptocurrency exchange Gemini, run by the Winklevoss brothers, announced the closure of all customer accounts in Canada. The decision follows the recent Canadian Securities Administrators (CSA) tightened regulations for crypto exchanges and trading platforms operation in the country. The exchange informed the Canadian users through email notice on September
As another week begins, the crypto community resumes its wait for the full-fledged price rally. Contrary to the weekend’s expectations, Bitcoin has receded to the concurrent $64K causing the community to tighten its hopeful reins on the Uptober landmark. Meanwhile, the altcoin Sui has continued its price rally undeterred by
