Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes after a stark decline in virtual currency trading revenues, emphasizing crypto platforms’ larger challenges, particularly in India. CoinDCX’s move to downsize aligns with a global trend where cryptocurrency trading platforms have experienced significant […]
Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?
The recent crypto crash hit meme coins hard, culminating with a 9% drop in total market capitalization from Aug. 14 to Aug. 21. During the same period, Pepe PEPE $0.000001 , Shiba Inu SHIB $0.000008 , and ApeCoin APE $1.48 saw a 25% decline. The big question is whether this trend will affect the wider […]
Macro Guru Raoul Pal Predicts Imminent Stock Market Bottom, Updates Outlook on Bitcoin and Ethereum
Former Goldman Sachs executive Raoul Pal is predicting that the stock market will soon form a bottom after witnessing corrective moves for three consecutive weeks. In a new blog post, the macro expert says that the S&P 500 (SPX) will likely enter oversold territory as soon as this week. He predicts institutional buyers will move […]
Pomerdoge Presale Grows In Prominence — Is Aptos, MATIC Good For a DCA?
Since there are many cryptocurrencies, choosing one can be a daunting task. Fret not! This article will help in this quest. Although Aptos (APT) and Polygon (MATIC) are long-standing cryptocurrencies, adherents prefer Pomerdoge. Analysts believe that the value of Pomerdoge can rise by 40x before the end of this year. Summary Aptos (APT) has partnered […]
As Bitcoin’s price declines, miner revenue faces the music
Bitcoin’s price drop impacted miners, with declining revenue and rising hashrate. Retail interest in Bitcoin remained strong amid market fluctuations. In the last few days, the price of Bitcoin [BTC] fell significantly, impacting the overall state of the market. A main area affected by this correction was the Bitcoin mining sector. Read Bitcoin’s [BTC] Price […]
World Mobile launches on Google Play for customers in Australia, Canada, UK, and US
Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the U.S., U.K., Australia, Canada, and Tanzania on August 22. The launch comes on the heels of a series of beta tests conducted in numerous markets typically considered underserved when it comes to mobile connectivity and […]
News Explorer — Sam Bankman-Fried, Living on Bread and Water in Prison, Pleads Not Guilty
Sam BankmanFried, the fallen crypto founder, is facing difficulties in jail as he awaits trial on fraud and conspiracy charges. His attorneys claim that he is unable to adequately prepare for his trial due to a lack of computer access and being deprived of his medications and support for his vegan diet. BankmanFried’s lawyers argue […]
Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?
Meme coins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
Unchained Reports 170% Growth in Bitcoin Loan Activity in First Half of 2023
The firm has sustained tremendous growth across its services despite slow market recovery AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, today reported a 170% increase in loans collateralized by bitcoin from Q1 to Q2 2023. The firm also saw an 88% jump in business accounts, 67% in private client subscriptions, and […]
Sam Bankman-Fried pleads not guilty as lawyers complain about neglected vegan diet, prescription medications
FTX founder and former CEO Sam Bankman-Fried has once again pleaded not guilty to criminal charges brought against him in connection with the collapse of the exchange. That report indicates that Bankman-Fried appeared in court for the first time since his bail was revoked in early August, as lawyers raised complaints about his holding conditions […]