If there has been one cryptocurrency that has taken the market by surprise over the last 24 hours, it’s Monero [XMR]. In a market where top coins, including Bitcoin [BTC] and Ethereum [ETH], have dropped in price, XMR has increased. At press time, the private cryptocurrency had gone up 7.84% as per CoinMarketCap. However, theContinue reading “Monero is riding against tide- investors should watch these levels”

In a report released on 26 July, the International Monetary Fund claimed that the Bitcoin [BTC] bear market has no bearing on the stability of the world’s financial system. The IMF report “World Economic Outlook Update: Gloomy and More Uncertain” also noted that the cryptocurrency market has seen a “dramatic” sell-off. However, the much talkedContinue reading “‘Crypto sell-offs won’t affect the financial markets’- Here’s why”

The proposed release of a crypto card by Shiba Inu [SHIB] has influenced the meme coin burn rate. In the early hours of 25 July, the burn website of SHIB announced that it was working towards a crypto card for payments. https://twitter.com/shibburn/status/1551354575986331649 According to the details, the SHIB burn card will allow burning a smallContinue reading “SHIB burn rate surges amid crypto card release; is a rally in sight”

The entire crypto market faced a massive dump on 25 July. Consequently, some altcoins’ prices went on a downtrend. One of them is Polygon [MATIC], which had an 8.59% decline over the last 24 hours as per CoinMarketCap.  The Ethereum-based cryptocurrency had also decreased by 19.83% in the last seven days. It was one ofContinue reading “MATIC could create a balanced state if this comes to fruition”

The Securities and Exchange Commission (SEC) is set on a mission, and the next target of this mission turns out to be the leading cryptocurrency exchange, Coinbase. Just last week, the SEC filed a lawsuit against the organization’s former product manager, his brother, and his friend on account of insider trading. Before then, the companyContinue reading “Coinbase could be on the brink of the SEC hammer- but why”

The current state of the cryptocurrency market is one surrounded by bears. However, Johnny Lyu, CEO of KuCoin had a different approach related to the matter. The CEO was extremely optimistic about the growth of the industry, especially the Indian market. He even exclaimed India to be a “critical market for KuCoin.” Furthermore, according toContinue reading “KuCoin Indian customer base surges by 659% but here’s the issue”

In what can be called, “yet another lawsuit in the crypto industry,” Changpeng Zhao, CEO of Binance has filed a defamation suit against a Bloomberg subsidiary (Modern Media CL) The lawsuit was filed on 25 July. The issue stemmed from a title of a translated article in Chinese that portrayed Zhao as the head ofContinue reading “Binance CEO files defamation case against Bloomberg- Here’s why”

Uniswap [UNI], the automated liquidity provider, looks to be reaching for the stars in its NFT invasion. About a month ago, it announced that it had acquired Genie, the NFT marketplace aggregator. Now, it seems the foray into the NFT foray is no play. This is because it announced a full NFT integration on theContinue reading “Is Uniswap [UNI]’s new NFT component enough to drive it out of bear claws?”

Ethereum [ETH] balances on exchanges reached a four-year low in what could have been termed a surprise. According to data from the leading analytics platform, Glassnode, the total number of ETH held on exchanges remained under 20 million. Glassnode recorded this number in the late hours of Friday, 22 July.  The last time ETH hadContinue reading “Ethereum: Are investors preparing for ETH 2.0 as exchange balances hit four-year lows?”

Leading meme coin Shiba Inu [SHIB] looks to have left its dominance to fate. After initially surpassing Polygon [MATIC] and Tron [TRX] earlier, SHIB has reversed its motion. Now ranked 15th in terms of market cap, the SHIB price decreased despite a previous green week.  At the time of this writing, SHIB declined 4.25% withinContinue reading “Shiba Inu [SHIB] investors should consider these levels before making a strong call”

Curve DAO token [CRV], the native cryptocurrency of DeFi maestro, Curve Finance, surged as high as 22% in the last 24 hours of 22 July. In an unexpected upward move, CRV has been one of the most profitable cryptocurrencies. With a market capitalization of $770 million, the crypto community might ask what the driving forceContinue reading “Reasons why CRV outshined AAVE, MKR to impress its investors”

The Securities and Exchange Commission on 21 July initiated insider trading charges against a former Coinbase product manager, his brother, and his friend. The accused perpetrated a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform. The case in detail The pressContinue reading “SEC charges former Coinbase manager- Here’s why”