Bookmarking Crypto Insights
XRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gains XRP has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16. … Read more
Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate international trade with China and India, according to a Reuters report. Russian oil companies have been using crypto assets like Bitcoin (BTC) and Tether’s USDt (USDT) to accelerate international trades, Reuters reported on March 14, citing four sources with direct knowledge of the … Read more
Stark Bank, a startup backed by Amazon founder Jeff Bezos, has positioned itself as the go-to firm for serving cryptocurrency businesses in Brazil, filling the gap left by traditional institutions. The firm has built part of its business around this service offering, betting on the industry’s future as Brazilians become more comfortable with crypto. Bezos-Backed … Read more
Taking a little break after hitting a new multi-month low yesterday, Link saw a rejection and increased with a 5% gain today. While its structure remains bearish, it will likely resume drops soon. The last three months saw Link through a heavy drop, and the price reset to a low of $11.9 yesterday. This marked … Read more
Despite steady market drops in the past months, TRX remain trapped in a range and continues to move sideways on the day. It would continue to struggle until it finds a major break out of its tight trading range. TRX has continued to subject trend to a sideways movement since it rolled back gains a … Read more
A market intelligence platform has attributed the drop in crypto-wide trading volume since Feb. 27 to “exhaustion, hopelessness, and capitulation.” ‘Diminishing Trader Enthusiasm’ According to Santiment, a market intelligence platform, the drop in crypto-wide trading volume since Feb. 27 can be attributed to a combination of “exhaustion, hopelessness and capitulation.” Santiment adds the consistent decline … Read more
A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion. Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt … Read more
A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons. Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO’s forum in January … Read more
An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades … Read more
A Delaware court has granted a temporary reprieve to a Pennsylvanian Bitcoin mining firm currently in a payment dispute with its hosting company — barring the hosting provider from blocking access and otherwise commandeering the miner’s 21,000 rigs at the property. Vice Chancellor Morgan Zurn granted a temporary restraining order on March 12, requested by Bitcoin … Read more