Monero, a privacy-focused cryptocurrency, has been thrust into the spotlight recently following the closure of LocalMonero, a peer-to-peer exchange platform. This abrupt announcement has sparked a surge in discussions across social media platforms, with users expressing a mix of concern and curiosity about the future of Monero (XMR). LocalMonero attributed its closure to a combination
The movement and accumulation from crypto whales have long been seen as key catalysts for Bitcoin price increases. However, recent on-chain data suggests a shift in this trend, with a decline in whale accumulation volumes over the past month. This decrease in whale accumulation could be a cause for concern for investors, particularly as Bitcoin
The recent exclusive report by The Wall Street Journal shed light on a disturbing incident at Binance, the largest crypto exchange globally. The report claimed that the head of Binance’s market surveillance team was terminated after raising concerns about potential market manipulation by a prominent client. The client in question, DWF Labs, allegedly engaged in
The latest pump in the Base meme coin market has seen the new Trump MAGA Base token skyrocket ahead of the US Presidential Election. With TRUMP currently trading at a market price of $0.00399, representing a 24-hour change of +23,246%, it is evident that the coin has garnered significant attention from retail investors. The token
When it comes to evaluating the performance of cryptocurrencies in the market, the Relative Strength Index (RSI) plays a crucial role. The RSI is a technical analysis indicator that measures the velocity and magnitude of recent price changes in a particular asset. It is used to determine whether an asset is currently overvalued or undervalued,
The recent analysis by Benjamin Cowen on the downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair has raised concerns within the crypto community. The insights provided by Cowen shed light on the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. In this article, we will delve into Cowen’s analysis and
Proposed legislation by US lawmakers could potentially disrupt the activities of financial institutions involved in processing transactions through crypto mixers. This bill, named the Blockchain Integrity Act, is aimed at imposing a temporary ban on such transactions to investigate their potential risks and implications. Crypto mixers are services that enable users to mix different cryptocurrency
The recent lackluster performance of Bitcoin is causing concern among institutional investors, with data showing a bearish sentiment prevailing. This has resulted in significant outflows from Bitcoin investment products, potentially impacting the cryptocurrency negatively. CoinShares reported that Bitcoin investment funds experienced an outflow of $284 million in the previous week. The majority of these outflows
Japanese exchange Coincheck is making waves in the cryptocurrency world with its plans to join Coinbase as one of the two publicly listed exchanges in the United States. The company is set to complete its listing on the Nasdaq via a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by
In a groundbreaking move, APhone has joined forces with NFT marketplace Magic Eden to introduce the exclusive APhone Access Pass. This pass unlocks a world of possibilities, granting users access to the innovative APhone virtual smartphone app along with a range of exclusive benefits. At the core of APhone’s appeal is its cloud-based infrastructure, powered
Digital asset investment products faced yet another week of outflows, amounting to a sizable $251 million. This marks the fourth consecutive week of outflows in the market. The most notable observation from the past week was the significant outflows from newly issued ETFs in the US, totaling $156 million. This was the first instance of
The launch of Bitcoin ETFs in Hong Kong faced its first hurdle on April 30, with the China Asset Management Bitcoin ETF experiencing its first cumulative daily outflows on Monday. Farside data revealed that the China AMC Bitcoin ETF saw an outflow of $4.9 million, while the other Hong Kong-based products remained steady with no
The ongoing debate surrounding the regulatory status of cryptocurrencies has once again come into the spotlight. Coinbase chief legal officer Paul Grewal recently took to social media to challenge US SEC Chair Gary Gensler’s assertions regarding the classification of digital assets. Grewal accused Gensler of misleading the market by claiming that numerous cryptocurrencies should be
Aqua Cat on SOL, the latest cat-themed meme coin, has taken the crypto world by storm with its staggering price surge of 33,895% overnight. Unlike other cat coins, Aqua Cat is unique in that it is represented by a lovable sea otter masquerading as a cat. The coin launched at just 17:00 UTC on May