Monero is currently experiencing a surge in discussions on social media platforms following the recent announcement of LocalMonero’s closure. This uptick in attention coincides with ongoing government efforts to regulate privacy-focused assets in the cryptocurrency space. LocalMonero, a peer-to-peer exchange based on Monero, revealed via a blog post that it is ceasing its operations after
The recent report published by The Wall Street Journal shed light on the controversy surrounding Binance, the world’s largest crypto exchange. It alleged that Binance’s head of market surveillance was fired after raising concerns about potential market manipulation by a high-profile client. The client in question, DWF Labs, had been engaging in suspicious trading activity,
A new bill has been introduced by US lawmakers with the aim of imposing a temporary ban on financial institutions engaging in transactions involving funds that have passed through crypto mixers. The bill, named the Blockchain Integrity Act, has received support from Representatives Bill Foster, Brad Sherman, and Emmanuel Cleaver, in addition to Congressman Sean
The recent surge of the Trump MAGA Base token on the BASE chain has caught the attention of retail investors, with a remarkable 24-hour change of +23,246%. The initial launch of the token saw an impressive climb of +3,394% followed by a rapid sell-off that led to an -85% price drop. However, the token has
When it comes to analyzing the Relative Strength Index (RSI) for the top cryptocurrencies in the market, Cardano (ADA) stands out as having the most favorable buying opportunity. The RSI is a technical analysis indicator that helps track the velocity and magnitude of recent price changes in a particular asset. It is used to determine
The recent analysis provided by Benjamin Cowen sheds light on the downward trend observed in the Ethereum/Bitcoin (ETH/BTC) pair amidst the turbulent crypto market. According to Cowen, the ETH/BTC pair is currently on the downside, with a history of steep declines of around 70% in the past. This raises concerns about the potential for further
Japanese exchange Coincheck has announced its intention to join Coinbase as one of the two publicly listed exchanges in the United States. The crypto trading platform is set to complete its listing on the Nasdaq via a partnership with special purpose acquisition company Thunder Bridge Capital Partners IV (THCP) by the second or third quarter
The recent lackluster performance of Bitcoin has caused concern among institutional investors, as evidenced by recent data showing a bearish sentiment among this group. CoinShares recently reported that Bitcoin investment funds experienced a significant outflow of $284 million last week. The majority of these outflows originated from US Spot Bitcoin ETFs, with $156 million leaving
The digital asset investment products faced outflows for the fourth consecutive week, recording a total of $251 million. This trend is concerning as it signifies a lack of confidence in the market and a potential shift in investor sentiment towards digital assets. The fact that newly issued ETFs in the US experienced “measurable outflows” totaling
APhone, in collaboration with the NFT marketplace Magic Eden, has introduced the highly anticipated Access Pass. This pass serves as a ticket to APhone’s virtual smartphone app, along with a range of exclusive perks. APhone distinguishes itself with its cloud-based infrastructure, powered by Aethir, enabling users to utilize resource-intensive apps and games irrespective of their