Bitcoin’s (BTC) price jumped 2% after the US Bureau of Labor Statistics published the September non-farm payrolls report on Friday. A vital on-chain indicator suggests that BTC is in a prime position of bullish price action in the coming weeks. Bitcoin price edged toward reclaiming $28,000 on October 6, as markets reacted positively to the […]
Will MATIC’s bullish stance give way to an uptrend in the coming weeks?
The $0.316-$0.5 zone was a bullish order block from the weekly timeframe, and MATIC’s bounce from $0.5 meant $0.6 and higher was a feasible bullish target
FTX Hijacked Customer Funds As Early As 2019, Says Co-Founder
FTX co-founder Gary Wang revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. During his testimony, Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. Alameda’s Special Privileges As summarized by Inner City […]
Is Litecoin’s Goal Simply to Be Another Bitcoin?
E-Crypto News’ update provides the latest articles on technology and cryptocurrencies. As the world’s first cryptocurrency, Bitcoin was a revolutionary tech development that has, unsurprisingly, spawned countless imitations and off-shoots. Some of these have taken the technology forward and have surpassed Bitcoin in many ways, while others have been more comfortable to exist as nothing […]
Yuga Labs cuts staff as part of larger restructuring
Yuga Labs, the company behind Bored Ape Yacht Club, has laid off a portion of its staff according to a blog post published by the firm on Oct. 6. The company’s CEO, Daniel Alegre, wrote: “After … thoughtful consideration, I have decided that we need to restructure the Yuga Labs teams. The implication of these […]
Solana Enhances Privacy Offerings As SOL’s Uptrend Persists With 4% Gains
Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit […]
Stablecoin Market Reaches New Low, But USDT and DAI Shine
In the realm of stablecoins, September marked significant cryptocurrency market developments. One prominent trend was the 18th consecutive month of declining stablecoin market capitalization, dropping to a new low of US$123.8 billion, reminiscent of September 2021. Despite this decline, USDT and DAI managed to buck the trend, exhibiting slight increases in their market capitalization. Despite […]
Whales Move Over $730,000,000 in Bitcoin, Ethereum, Dogecoin and XRP – Here’s Where the Crypto’s Going
New data reveals that deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and other digital assets. According to data from whale-surveying platform Whale Alert, just over $400 million worth of the top crypto asset by market cap has moved to top US-based crypto exchange platform Coinbase or unknown […]
Kraken Pushes European Expansion with Acquisition of BCM
To broaden its European business landscape, Kraken, an already prominent virtual currency exchange network, just declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate. Kraken Acquiring BCM […]
USDT and DAI Resilient Against Shrinking Stablecoin Market
With the stablecoin market hitting a two-year low, USDT and DAI have emerged to weather the bearish storm. Continue reading at DailyCoin.