XRP’s ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash. XRP price rebounds 30% XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The token’s retracement rally could extend to $0.41 next, according to its…
Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability…
America’s largest crypto exchange Coinbase came under pressure as credit ratings agency Moody’s downgraded the company’s Corporate Family Rating (CFR) to Ba3 from Ba2 and its guaranteed senior unsecured notes to Ba2 from Ba1. “Today’s rating action reflects Coinbase’s substantially weaker revenue and cash flow generation due to the steep declines in crypto asset prices that have occurred in recent…
We’re thrilled to announce that Kraken now supports new margin pairs for Axie Infinity (AXS), Curve DAO (CRV), The Graph (GRT) and Nano (NANO)! Trading Margin trading is now available for the below pairs: Pair base Pair name Available leverage Long Position Limit Short Position Limit AXS AXS/USD 3x 1,000 1,000 AXS/EUR 2x 600 600 CRV CRV/USD 3x 15,000 15,000…
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons and entities illegally issuing digital…
The Solana (SOL) team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The community welcomed the new development with various reactions from comparing the project to Apple and Ethereum (ETH) to bringing up concerns over Solana’s network outages. Vinny…
Hackers have struck layer 1 blockchain Harmony’s Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had “identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.” It went on to add that the address of the culprit…
It was only a year and a half ago that there appeared to be bad feelings between Snoop Dogg and Eminem, both of whom are Dr. Dre’s proteges. Now, the legendary rappers have a new music video where they are featured as Bored Apes. Eminem tweeted on June 24 that a new song called “From The D 2 The LBC” would…
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still trying to find the best…
The price of THORChain’s token RUNE is up 16% since the project announced the official launch of its mainnet on June 22. The team announced the mainnet launch on Wednesday, alongside the rollout of a “Rune in a Million Campaign” on Binance that contains a total of $1 million worth of RUNE rewards for users of the exchange. The announcement…
