Ethereum has been engulfed in a lengthy phase of consolidation, hovering uneasily below significant resistance levels. Over the course of the last week, the cryptocurrency’s price movements have been confined to a narrow band between $2,650 and $2,750, creating a cloud of uncertainty among traders and investors alike. This sideways trading has sparked concerns regarding
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In a bold move, prominent financial industry organizations are urging the Biden administration to rethink and possibly abolish the stringent federal policies that restrict banks from delving into digital asset markets. This plea comes at a time when the global financial landscape is rapidly evolving, and American banks find themselves at a crossroads between innovation
In a remarkable turn of events, Berachain, an EVM-compatible Layer 1 blockchain, has made headlines just 20 days post its Mainnet launch. Surpassing established platforms like SUI, Avalanche (AVAX), and Arbitrum, Berachain has achieved a significant Total Value Locked (TVL) of $3.27 billion. Although it experienced a slight reduction following its peak, this achievement catapults
In a significant move reflecting geopolitical tensions and economic strategies, the European Union (EU) recently imposed sanctions on Garantex, a crypto exchange based in Russia. This action is part of the EU’s 16th sanctions package focused on entities that are perceived to support Russian military operations amid the ongoing conflict with Ukraine. The sanctions, formally
Cardano (ADA), one of the leading cryptocurrencies by market capitalization, is currently grappling with significant market pressures and price fluctuations. As it hovers just below the $0.80 threshold, ADA is at a pivotal point amidst a backdrop of heightened volatility in the cryptocurrency sphere. Investors are keenly observing market trends, hoping for a resurgence in
Recent reports indicate that Citadel Securities, a prominent player in traditional trading arenas, is planning to make its foray into the cryptocurrency market-making sector. According to Bloomberg News, the firm aims to provide liquidity to leading cryptocurrency exchanges such as Coinbase, Binance, and Crypto.com. This strategic move signifies Citadel’s recognition of the growing importance of
The recent security breach at Stablecoin Bank Infini highlights the vulnerabilities within the cryptocurrency sector. Over $49 million in USDC was stolen due to an exploit that involved the misuse of administrative privileges. On-chain analytics uncovered the breach, which first came to light on February 24 when CertiK observed irregular fund movements linked to Infini’s
In recent times, the cryptocurrency landscape has witnessed considerable upheaval, particularly concerning Bitcoin, the original digital currency. Analysts and experts are cautiously navigating this environment, noting that Bitcoin is currently caught in a precarious consolidation phase. This analysis aims to delve deeper into the present market dynamics surrounding Bitcoin, assessing potential outcomes based on expert
In the ever-evolving world of cryptocurrency, the stability and integrity of exchanges are paramount for maintaining user trust. OX.FUN, a crypto derivatives exchange associated with Su Zhu and Kyle Davies—the co-founders of the defunct Three Arrows Capital—has recently become embroiled in controversy. Accusations of financial misconduct and operational transparency have raised alarms, not just about
The cryptocurrency market has recently witnessed a tumultuous week, especially concerning Bitcoin, the leading digital asset. After enjoying a semblance of stability over the weekend, where Bitcoin held firm just below the $96,000 mark, the asset began to falter at the start of the business week. A series of price declines swiftly pushed Bitcoin to