Crypto

Auto Added by WPeMatico

Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base

by

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive … Read more

Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races

by

A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates … Read more

China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

by

Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China … Read more

MakerDAO ($MKR) Joins Grayscale’s “Trust” Fund As Whale Activity Surges

by

MakerDAO ($MKR) has been added to Grayscale’s prestigious “Trust” Fund investment portfolio, aligning with other notable assets like Solana ($SOL), Sui ($SUI), Lamden ($TAO), and Chainlink ($LINK). This inclusion allows traditional finance investors to gain exposure to MKR, the utility and governance token of the Ethereum-based decentralized autonomous organization (DAO), MakerDAO, through a more familiar … Read more

Solana Whale Offloads $86 Million In SOL As Market Awaits Potential Correction

by

A prominent whale has sold a staggering 594,000 SOL, valued at $86 million, since the start of the year. This large-scale unloading has taken place across major exchanges like Coinbase, Binance, and OKX, with the whale averaging one sale per week. The most recent transaction occurred just yesterday, signaling continued selling pressure on Solana. A … Read more

Ethereum Profitability Drops To 66% Amidst Market Volatility And DeFi Challenges

by

Ethereum’s profitability has declined to 66%, reaching levels not seen since October 2023. This dip comes as the market navigates a complex landscape marked by mixed technical signals and ongoing challenges within the decentralized finance (DeFi) sector. 🔸 #Ethereum profitability falls to 66%, mirroring Oct 2023 levels. 🔸 RSI and MACD show mixed signals as … Read more

Bitcoin Market Sees Return To Accumulation Amid Largest Downtrend Of The Cycle

by

As Bitcoin undergoes its steepest downtrend of the current cycle, investor sentiment remains notably uncertain. Despite this surface-level indecision, there are clear signs of a renewed focus on HODLing and accumulation within the market. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below … Read more

Understanding The Relationship Between Market Cap And Token Price: A Closer Look

by

Market cap and token price are fundamental indicators of a cryptocurrency’s value, yet they can behave differently under various market conditions. Understanding this relationship is crucial for making informed decisions in the crypto space. Rising Market Cap Despite Falling Token Prices At first glance, it might seem contradictory for a market cap to rise while … Read more

WazirX Hack Leaves Users In Limbo: Calls For Immediate Action Intensify

by

It has been 26 days since WazirX suffered a major security breach, and users are still left in the dark regarding the fate of their funds. The prolonged freeze on withdrawals has sparked widespread frustration, especially as users struggle to access their money during critical times. Pushpendra Singh, co-founder of Pushpendra Tech, has once again … Read more

You have not selected any currencies to display