News - Page 27

Binance has recently launched a self-custody Web3 wallet that enables users to seamlessly interact with the decentralized finance (DeFi) ecosystem. This wallet offers a convenient and secure way for users to engage in various activities such as staking, lending, and borrowing.

A widely followed crypto analyst has raised concerns about the potential impact of a US Federal Reserve interest rate cut on the Bitcoin market. In a recent video update, Benjamin Cowen, a prominent crypto trader, shared his analysis with his large YouTube following. Cowen points out that historical patterns indicate a downward trend for both the S&P 500 and Bitcoin following a Fed rate cut.

The amount of new token creation dropped during the third quarter to the lowest since at least the start of 2021, according to blockchain smart-contract auditor CertiK. The company created the data set by using the list of tokens added each quarter to the tracking website CoinMarketCap, and then stripping out so-called memecoins that serve no ostensible purpose but to provide yuks and a vessel for speculation.

The GMX platform is introducing trading and grant incentives to reward its users and developers.

A crypto trader who accurately called Bitcoin’s (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.

According to Blume, after the fall of Genesis, BlockFi, Celsius, and others, there is a major gap in the market for responsibly managed secured loans for institutions. Two Prime is well-positioned to fill this gap. Blume emphasized that Two Prime is focused on serving institutional borrowers.

A closely followed crypto strategist and trader believes that Bitcoin (BTC) is in the early stages of a parabolic surge.

Some research firms have identified LINK as the top choice for investors looking to profit from the rising popularity of real-world asset (RWA) tokenization. This endorsement has contributed to the recent increase in the value of these tokens.

Our recent acquisition of new licenses has allowed us to expand our market reach significantly. Previously, we were limited to serving licensed financial institutions, but now we are able to cater to a wider range of clients, including enterprises and SMEs. This means that we can now provide our services to importer/exporters who need to pay suppliers overseas, as well as companies with freelance developers located in different parts of the world.

Crypto analysts are predicting a surge in the price of Ethereum (ETH) in the coming months. According to a chart shared by pseudonymous trader Bluntz, ETH is expected to experience a brief correction before jumping to nearly $2,400. Bluntz advises investors to take advantage of any dips in price below $1,720 to accumulate more ETH. Fellow trader Credible Crypto shares a similar outlook, stating that ETH is unlikely to drop below $1,500 again. However, both analysts believe that a pullback may occur before the price continues to rise. They anticipate ETH reaching $1,700 before heading towards the $2,000 region. It is worth noting that if Bitcoin's price continues to rise, the pullback on ETH may be less likely. Investors are advised to do their own research and exercise caution when investing in cryptocurrencies.

Tether (USDT), the largest US dollar-pegged stablecoin by market cap, has reached a new all-time high market cap of over $85.9 billion. This milestone solidifies Tether's position as the leading stablecoin in the market, surpassing competitors such as Circle's USDC and MakerDAO's Dai (DAI).

Crypto lobbyists and their allies in Congress, primarily Republican lawmakers, are pushing for the Commodity Futures Trading Commission (CFTC) to be granted more authority over the crypto spot markets. This would give the CFTC direct regulatory power over the markets where actual crypto assets are exchanged.

The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that would expand its oversight to include parties involved in general-use digital consumer payment applications. This rule would apply to fund transfer or wallet providers if the funds are used by individuals for certain non-commercial purposes. Additionally, the CFPB's definition of 'funds' would encompass some digital asset transactions.

The recently concluded high-profile criminal lawsuit against Bankman-Fried has resulted in his condemnation. He has been found guilty on all counts and now faces the prospect of jail time.

It's a cliche that the crypto winter is a time for building, but it's a truism for a reason. This period presents an opportunity for crypto trading platforms to rebuild and attract users in the post-FTX era. By embracing this opportunity, they can learn important lessons and set new precedents.

In post-market action, company shares were lower by 5.8% as the Q3 revenue came in shy of analyst estimates and guidance disappointed as well. This decline comes despite the fact that for the year, the company's shares have risen by about 18%, outperforming the S&P 500's 14% advance.