Bitcoin
BNB, CAKE Plummet Following SEC Crackdown on Binance
Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8% over a four-hour period. Source link
Month: June 2023
Market Analysis
Ethereum Gas Fees Decline 60% in June
The average transaction fee for Ethereum (ETH) has declined to $7.34 from $20 at the height of last month’s meme coin frenzy. Decentralized exchange (DEX) volumes partially drove the surge in Ethereum fees while traders […]
Regulation
Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report
At least, that is a recurrent theme throughout CoinDesk’s first-ever Consensus @ Consensus report, out today. Based primarily on intimate group discussions that took place at Consensus 2023, it covers a wide range of pressing […]
Ethereum
Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff
“Growth has been hard to predict in this extended bear market and uncertain regulatory environment,” a spokesperson for Arca told CoinDesk. “Our headcount adjustment will allow us to preserve capital and resources giving us a […]
Bitcoin
BRC-20 Staking to Go Live: Benefits & Risks Exposed!
One of the recent advances in the cryptocurrency market is the advent of the BRC-20 token standard. Introduced in March 2023 by an anonymous blockchain analyst known as Domo, BRC-20 tokens have become one of […]
Market Analysis
Coinbase Shares Drop 10% After SEC Lawsuit Against Binance
The cryptocurrency market faces a significant shakeup as the US Securities and Exchange Commission (SEC) intensifies its regulatory scrutiny. The latest target is Binance, the world’s largest crypto exchange, accused of several securities law violations. […]
Regulation
The Lightning Network Doesn’t Fix Everything Wrong With Bitcoin
Putting that aside for now, there’s a growing pragmatic view that the Lightning Network is or probably will be good for certain types of payments, but not all types of payments. That doesn’t mean either […]
Ethereum
Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High
On-chain data shows the ten largest whales on the Ethereum network are now holding 31.8 million ETH, a new all-time high. Ethereum Holdings Of Top 10 Whales Have Now Surpassed August 2015 ATH According to […]
Bitcoin
Solana (SOL), Cardano (ADA) and Polygon (MATIC) Lead Cryptocurrency Crash After SEC Suit Against Binance and CZ
Among the allegations are that the exchange offered a number of unregistered securities to the general public, among them not just Binance’s BNB token and its BUSD stablecoin, but also Solana (SOL), Cardano (ADA), Polygon […]
Market Analysis
Cardano (ADA) Price Dips Below $0.40 Despite Volume Increase
Cardano (ADA) price is struggling to break above the critical $0.40 resistance despite rising network activity. Last week, Cardano long-term investors inadvertently triggered another ADA price correction as they booked profits. Will the bulls overturn […]