Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
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Scammers pile on to impersonate Worldcoin on Twitter following token launch
Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. 103 Total views 11 Total shares Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token.July…
Huobi Group is moving to Gibraltar following China crackdown
Huobi Gibraltar has already secured the necessary licenses from local authorities. 718 Total views 12 Total shares Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown.According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi…
Coinbase Ventures backing DeFi in the Polkadot ecosystem
The leading United States digital currency exchange is backing Acala, Polkadot’s all-in-one DeFi hub. 971 Total views 10 Total shares Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem.The investments are focused on Acala, the…
Crypto investment products see $436M inflow, while Ethereum continues to suffer
Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors’ interest.
Æ Ventures’ Blockchain Accelerator Reaches $1.6M in Investments
Æ Ventures, an investment company providing initial funding, acceleration and advisory support to blockchain projects, announced that it’s Starfleet Accelerator program surpassed $1.6M in investments and opened applications for the third round.Mentoring and funding for blockchain startupsPer the press release shared with Cointelegraph on Sept. 26, the third edition of Starfleet Accelerator program takes place…
Leverage is fueling Bitcoin’s rally to highest price since January 2018
Bitcoin’s recent gains appear to have been driven by leverage-fuelled speculation, with open interest in futures and Binance’s leverage ratio pushing into new highs. 1345 Total views 22 Total shares On Nov. 4, crypto data market aggregator CryptoQuant published a chart indicating Binance’s Estimated Leverage Ratio — open interest divided by Bitcoin (BTC) reserves —…
5 events that could put an end to the current crypto bear market
Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed. As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration of the crypto…
Crypto Community weighs in on SBF’s ‘apology tour’
The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the exchange’s improper use of customer and investor funds. OnNov 30, Bankman-Fried made his first live public appearance since the collapse of…