A newly released report by the World Federation of Exchanges (WFE) sheds light on the current composition of crypto trading platforms, highlighting that 40% are decentralized. Notably, the findings from the report mainly reveal a glimpse into the dynamics between centralized and decentralized trading platforms and the overarching behavior of retail and institutional investors. Related […]
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
Coinbase Creates New Crypto Lending Service Geared Toward Large Investors
Coinbase (COIN) has created a new crypto lending service in the U.S. for institutional clients, helping fill the void left by the blowups of firms like Genesis and BlockFi. The platform was quietly revealed in a U.S. Securities and Exchange Commission filing on Sept. 1, which showed $57 million had already been raised for the […]
Ethereum: Whales make rare moves, derivative market reacts
300,000 ETH, worth around $488 million, were recently moved. ETH’s weighted average was oscillating between positive and negative at press time. Ethereum [ETH] recently witnessed two whale transactions – a rare occurrence after months of relative inactivity. Although these transactions may not directly influence the price of ETH, how did the derivatives market respond? Read […]
MetaMask Introduces Bank and PayPal Cash-Out Options
“Ensuring a way for users to enter and exit crypto freely is important,” the company said.
European Central Bank Blasts PayPal in Push for its Own CBDC
On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The […]
Synapse Liquidity Provider Abruptly Dumps 9 Million SYN Tokens, Price Plunges By 20%
Cross-chain bridge Synapse has seen the value of its native token SYN plummet after a liquidity provider (LP) dumped all their tokens. According to data from CoinGecko, the token’s price declined by nearly 25% a few hours after the sell-off. On Tuesday, 5th of August, Synapse Labs announced – via a post on X (formerly […]
SEC Shocker: Ripple’s XRP Deemed ‘Valueless’ – Has the Agency Lost Its Path?
The twists and turns continue to unfold in the ongoing legal saga between the United States Securities and Exchange Commission (SEC) and Ripple Labs. It’s worth recalling that the SEC filed a lawsuit against Ripple, alleging the unregistered sale of XRP as securities. Additionally, Judge Torres ruled that XRP isn’t classified as a security. As […]
Jim Cramer endorses Binance and BNB despite recent troubles
“Mad Money” host Jim Cramer says he’s bullish on Binance and its BNB token, even as the crypto exchange faces regulatory hurdles and liquidity concerns. Jim Cramer, the American television host renowned for his financial acumen, has taken a bullish…
Ripple CTO Tells The Tale Of How The SEC’s Lawsuit Made The Company Lose Important Deals
Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC) is known to have had some negative effects on the company. And now, Ripple’s Chief Technology Officer (CTO) David Schwartz has given an insight into how much the lawsuit has affected the company. SEC’s Lawsuit Made Ripple Lose Stablecoin Deal Schwartz revealed during […]