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Showing posts from June, 2023

Bitcoin Cash Pumps 32% in 24 Hours? What’s Going On?

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Bitcoin Cash (BCH) has been experiencing an increase in price following the debut of Fidelity, Charles Schwab, and Citadel-backed EDX Markets on June 20. It has skyrocketed by over 30% in the last 24 hours, reaching a 14-month high of $320. Moreover, since June 20, when the exchanges launched, BCH has gained a cumulative 183%.  JUST IN: Bitcoin Cash spikes 35% as South Korean Trading Volumes Surge. $BCH / $KRW pair on Upbit has seen a trading volume of $557.63 million 24 hours #crypto #bitcoin pic.twitter.com/t2UdNkcHJn — Crypto Macro (@cryptomacro14) June 30, 2023 BCH Soars on EDX Exchange This growth among new holders signifies a shift in market sentiment towards BCH, attributed to its inclusion on the EDX exchange. The listing validates BCH, indicating its acceptance by established financial institutions and its readiness for a wider audience of investors. Upbit, South Korea’s leading digital asset exchange, has witnessed a significant surge in trading acti...

Breaking Records: Cryptocurrency SYN Set to Skyrocket – Expert Price Analysis

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Join Our Telegram channel to stay up to date on breaking news coverage Synapse (SYN): Secure Interoperability for Blockchain Asset Transfers Synapse (SYN) is an interoperability protocol that lets you transfer data securely between blockchains. Users can move assets between chains, including layers 1, 2, and sidechains. The project aims to improve blockchain compatibility by enabling asset transfers across different networks. Synapse does this with a stableswap algorithm, ensuring secure asset transfers while maintaining liquidity pool balances. The Synapse ecosystem includes the Synapse Bridge technology, an automated market maker (AMM), aggregative cross-chain communication, the SYN token, and optimistic security approaches. Source: DexTools Synapse: Seamless Cross-Chain Communication and Asset Swapping Synapse’s generalized messaging system lets arbitrary data be securely sent across chains, enabling seamless communication and user experiences across multiple block...

Binance.US Discounts 2% on Cryptos Amid Regulatory Clampdown

The Binance exchange is facing significant difficulties because of regulatory clampdowns. The impact of the clampdown is reflected in the platform’s native token, BNB. Kaiko reveals that nearly every cryptocurrency on Binance.US trades at a 2% discount. The Binance exchange is facing significant difficulties because of regulatory clampdowns in Europe and the United States. The impact of the clampdown is reflected in the platform’s native token, BNB, which has lost significant value. Kaiko, the blockchain data aggregation platform, also reveals that nearly every cryptocurrency on Binance.US trades at a 2% discount. Nearly every cryptocurrency on https://t.co/pup2WYms9R is trading at a +2% discount right now. pic.twitter.com/MKcU0bXriR — Kaiko (@KaikoData) June 28, 2023 Binance native token BNB lost over 27% in June, dropping from $304 to a low of $220. The slump followed an allegation by the Securities and Exchange Commission (SEC) against the leadi...

Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes

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There’s no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs. Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation. BTC/USD 1-hour chart. Source: TradingView Powell on rate hikes: “More restriction coming” Data from Cointelegraph Markets Pro and TradingView showed BTC price action sticking to a narrow range at the Wall Street open. This accompanied fresh comments on economic policy from Fed Chair Jerome Powell. Speaking during a two-day discussion with other central bank heads at the European Central Bank Forum on Central Banking 2023 in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year. Having paused the hiking cycle, which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening. “Really, policy hasn’t been restricted for very long,” ...

Bitcoin cash gaining traction, DigiToads presale raises over $5.7 million

The world of cryptocurrency is constantly evolving, with new trends emerging regularly. Bitcoin, a decentralized digital currency, has gained significant global investment. However, Bitcoin Cash has also made a name for itself as a convenient and affordable medium of exchange. Its supporters strive to make it user-friendly. Bitcoin Cash was created through a hard fork of Bitcoin, meaning they share a common code base and transaction history. With increasing adoption and better scalability, Bitcoin Cash is becoming a top contender, gnawing Bitcoin’s market share. However, leading the shift is  DigiToads , a cryptocurrency supported by an active community. It has raised more than $5.7 million in the presale. DigiToads stands out with its successful ongoing presale, charitable initiatives, play-to-earn (P2E) gaming, and non-fungible token (NFT) staking.  DigiToads  is popular in crypto DigiToads is a blockchain project that has gained attention in the digital currency market due...

The Tennessean Names Ncontracts a Top Workplace for Third Consecutive Year

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Ncontracts, the leading provider of integrated compliance, vendor, and risk management solutions to the financial industry, has been named a Top Workplace in Middle Tennessee by The Tennessean for a third year in a row. Companies named to this year’s list demonstrate a strong commitment to fostering an exceptional workplace matched by a people-centered culture. Based entirely on employee feedback, Ncontracts is among the region’s best employers that strive to create environments where employees thrive and attract talent and new business to the state. This latest recognition follows several other notable workplace awards. Ncontracts was recently name a 2023 Top Workplace USA, as well as recognized by Top Workplaces for Culture Excellence in Employee Appreciation, DE&I Practices, Employee Well-Being, and Professional Development. The company was also featured on Inc. Magazine’s Annual Best Workplaces list. As a result of its team’s dedication and hard work, Ncontracts contin...

Coinbase CEO Signals the Need for Sensible Crypto Regulations

Brian Armstrong commented that the US is squandering its lead crypto position. The Coinbase CEO attributed the US crypto’s falling condition to SBF’s fraud charges. Armstrong added that only the introduction of sensible regulations could help the nation recover from the crisis. Brian Armstrong, an American business executive and CEO of the leading crypto exchange Coinbase, in response to an article that addressed the enduring crypto winter in the US, commented that the nation is “squandering” the early crypto lead. Armstrong further claimed that the US’ losing crypto precedence has been partially a consequence of the allegations of fraud against Sam Bankman Fried, the ill-famed CEO of the crypto firm FTX. In a recent tweet, the Coinbase CEO shared his perspectives on the fall of the US in crypto: The U.S. is squandering an early lead, in part because SBF embarrassed some politicians and regulators who now want to look tough on crypto. Pretty much everyon...

Fossil Fuel Dominance Persistent Amidst Renewable Energy Growth in 2022

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Join Our Telegram channel to stay up to date on breaking news coverage In its recently published report on 2022 world energy statistics, BP reveals a high-use record of fossil fuel despite an exponential growth and adoption of renewable energy, including solar and hydroelectricity. Sustainable Market Requires Holistic Approach to Dethrone Fossil Fuel Reign According to the United Kingdom-based energy statistical firm BP, sustainable energy use recorded an exponential growth of 266 gigawatts due to its massive consumption by people. However, fossil fuels still accounted for 82% of global energy, a dominance yet to be defeated for almost a decade. As exclusively detailed in BP’s 2022 publication of the Statistic Review of World Energy 71st edition, the impressive growth of wind and solar energy in the power sector shows that the world is moving in the right direction. However, a better holistic approach must be adopted for the gradual growth of sustainable energy markets...

Crypto adoption in Cyprus beefed up by ByBit license approval

Following Binance’s departure from Cyprus, ByBit strengthens the island’s crypto ecosystem after acquiring an operating license. Crypto exchange Bybit revealed it has acquired a license to operate as an exchange and custody service in Cyprus. The world’s third most visited crypto exchange will begin offering trading between crypto and fiat currency pairs, and crypto-related financial services. Cyprus is the third most populous island in the Mediterranean Sea, with a population of 1.2 million people. In a press release, Ben Zhou, the co-founder and CEO of Bybit, explained the importance of expanding the group’s global presence, highlighting the role of crypto as a way of opting out of the legacy financial system: “We are excited to introduce the Crypto Ark to Cyprus.“ Cyprus is increasingly a crypto hotspot in the Mediterranean, in some parts driven by actions from the public sector. In 2022, Kyriacos Kokkinos, the deputy minister to the president for research at the time, explained t...

Bitcoin passes $31K, poised for best week since March

Bitcoin extended its recent rally Friday, surpassing $31,000 and setting the token up for its best week since mid-March.  Bitcoin (BTC) soared to $31,230 Friday afternoon in New York. The largest crypto is now up around 20% since June 18, good for its best performing week since March 13, when the asset rallied around 26% on the heels of stablecoin USDC’s depegging.  Bitcoin has now marked its highest four-hour candle close in over a year.  Friday’s spike comes after Federal Reserve Chair Jerome Powell testified before Congress on the state of monetary policy. The central bank head told lawmakers the inflation fight “has a long way to go,” adding that rate hikes are likely not through — despite an agreed-upon pause earlier this month.  The rally comes as investors continue to bet on increased institutional adoption and the potential for a bitcoin spot ETF approval in the coming months. BlackRock, Bitwise and WisdomTree have submitted applications in recent weeks. “The Great Accumu...

Cryptocurrency VeChain (VET) Jumps 15% After Coinbase Announcement

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The price of a blockchain that focuses on business solutions has gone up 15% in the last 24 hours after it was added to Coinbase’s plan. Yesterday, Coinbase Assets said that VeChain (VET) and VeThor (VTHO) would be added to its list of cryptocurrencies to be listed. “Assets added to the roadmap today: VeChain (VET) and VeThor (VTHO).” At the time of writing, VET is worth $0.0188, which is a 15% increase in the last 24 hours. At the time of writing, VeThor is worth $0.00122, which is an increase of more than 18% over the same time period. VeChain is a platform that uses blockchain technology to offer solutions for managing supply lines, tracing products, and stopping fakes. It works as a public blockchain that uses a Proof-of-Authority voting system. It was created in 2015 by Sunny Lu, who used to be the CIO of Louis Vuitton China. VeChain has agreements with big companies like BMW and Walmart China. There are two different tokens in the VeChainThor b...

SIMPSON, TOADS rallying, DigiToads raise over $5.6 million

The cryptocurrency market experiences frequent significant events that impact its stability. Recently, there has been increased interest and activity surrounding cryptocurrencies such as digitoads (TOADS) and homer simpson (SIMPSON), leading to substantial price surges. Homer Simpson Coin, known as SIMPSON, is a cryptocurrency that uses blockchain technology and social media to establish itself as a charitable giving, education, and information-sharing platform. Its mission centers around utilizing the potential of cryptocurrencies to contribute to social causes. On the other hand, DigiToads (TOADS) is a meme coin project that can grow. TOADS users can engage in gaming activities or stake their tokens to earn rewards and access various utilities. Presently, the DigiToads presale has raise d over $5.6 million . Due to its Features and presale success, many investors are considering TOADS as an investment. This article explores the factors fueling the demand for SIMPSON and TOADS. ...

Top Crypto Analyst Says Red-Hot ETH-Based Altcoin Will Do ‘Really Well’

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A well-known crypto trader thinks that an altcoin based on Ethereum (ETH) that has been doing well is about to make a big move. Bluntz, crypto analyst, tells his 223,000 Twitter followers that the price trend of indexing protocol The Graph (GRT) shows that its value could go up by 150% from where it is now. The trader said that GRT got out of a rising triangle and finished an Elliot Wave Theory three-wave correction pattern with the letters A, B, and C. “So many good setups out there that I’m liking, nice ascending triangle break out GRT 4-hour, plus huge abc looks complete on weekly timeframe as well, potential for this to do really well.” Source: Bluntz/Twitter When the investor looks at his chart, he thinks that the price of The Graph will soon go up to at least $0.25. Source: Bluntz/Twitter The price of the Graph has gone up a lot since the beginning of the year. In December 2022, it was worth about $0.05. At the time this was written, GRT was...

BinanceUS Restores USD Withdrawals And Announces Major Changes

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According to an official announcement on June 23, Binance.US announced that it has worked with its banking partners to resolve nearly all delayed USD withdrawal requests. The crypto exchange will complete most USD withdrawal requests within the normal timeframe of 5 business days or less. It also suggests users to resubmit failed withdrawal requests as systems are operating normally. advertisement “We are incredibly proud to uphold our commitment to you and look forward to serving you as a crypto-only exchange. To prepare for this transition, we wanted to share some important changes that you should know about.” Also Read: Elon Musk-Mark Zuckerberg “Cage Fight”: Everything You Need To Know Binance.US Expects Banking Partners May Terminate USD Withdrawals in the Future Despite USD withdrawals working normally, Binance.US expects banking partners could terminate USD withdrawals or off-ramp services in the future. Meanwhile, the exchange l...