Cryptocurrency Market Analysis 119

Tether Unveils Pioneering Bitcoin Mining Software, InQubeta Captivates Crypto Enthusiasts

Tether’s Chief Technology Officer, Paolo Ardoino, has unveiled groundbreaking Bitcoin mining software, a pioneering step poised to reshape the mining landscape. Dedicated to technological advancements, Tether has committed to releasing specific components of this software as open source, a move that underscores their commitment to transparency, innovation, and a proactive approach to sharing cutting-edge developments […]

DeFi TVL Hits 2.5-Year Low Amid Crypto Bear Market

Decentralized finance (DeFi) has been hit hard by the crypto bear market, according to new data from IntoTheBlock. The blockchain analytics firm says in a new report that the total value locked (TVL) in DeFi is now at its lowest since February 2021 after approximately $170 billion in deposits left the sector. TVL refers to […]

Joe Biden’s Record on Crypto: Enforcement Actions, Tax Proposals, and Digital Dollar Study

The Biden administration has taken a significant stance on the crypto industry, with enforcement actions from the SEC and CFTC, as well as proposed regulations from the SEC and Treasury Department. These regulations could have major implications on the sector, from the SEC’s proposals on custody and exchanges to the Treasury’s new proposal on how […]

Shibarium Restarts Ethereum Bridge, Unfreezes $2.5M in Assets

Shibarium, the layer 2 chain created by the Shiba Inu project, has restarted its Ethereum bridge, allowing users to access their funds again. This resolves the issues encountered during its launch earlier this month, which had caused $2.5 million in assets to be temporarily frozen. The Shibarium team has now restored mainnet operations and made […]

Shiba Inu Exchange Reserves Drop as Shibarium Launch Succeeds

Shytoshi Kusama, the creator of Shiba Inu, recently announced the successful launch of Shibarium, a platform that has already garnered more than 65,000 wallets and 350,000 transactions. The platform offers a variety of tokens, including entertaining, unconventional, and occasionally controversial tokens.However, holders of Shiba Inu tokens have pulled out 1.8 trillion SHIB tokens, equivalent to […]

Cryptocurrency Markets Show Signs of Positive Turn After Recent Correction: JPMorgan

The renowned banking institution JPMorgan has recently released an analysis titled “Limited Downside”, which suggests that the recent corrective phase in the cryptocurrency markets may be coming to an end. This conclusion was drawn from their comprehensive study of CME Bitcoin Futures contracts. Initially, traders had established long positions in response to favorable developments in […]

Massive XRP Transaction Sparks Speculation of Possible Selloff

An anonymous investor has recently moved a massive amount of Ripple (XRP) tokens worth around $14.9 million into Bitstamp. This has sparked speculation within the crypto community and analysts, with some asking if the tokens will be dumped.Researcher @cryptoiz_IDN suggests that this could signal an influx of ‘whale’ investors entering the crypto market. This is […]

Balancer Labs Suffers $970k Exploit After Vulnerability Discovered

Balancer Labs, a non-custodial portfolio manager, liquidity provider, and price sensor, recently experienced a massive vulnerability affecting several of its lending pools. After the exploit was discovered, Balancer devs published a warning to its users, noting that certain pools had already been marked as safe and promising a post-mortem of the situation as soon as […]

Sonik Coin Presale Gathers Momentum Ahead of Uniswap Listing

Sonik Coin (SONIK) is a new meme token that is gaining significant investor attention, with many believing it could be the next viral project to explode. The token’s presale has already raised over $620,000 in funding, with tokens priced at just $0.000014. The token’s built-in staking protocol offers yields of up to 107% per year […]

Pomerdoge (POMD) Leads Gaming and NFT Surge in Crypto Market

Pomerdoge (POMD) is a new platform that offers an immersive play-to-earn gaming experience. The Sandbox (SAND) and Decentraland (MANA) tokens are also pushing to overcome the bear market. DBS Bank, the largest bank in Singapore, has developed a novel metaverse experience with The Sandbox, which will be unveiled to the general public before the end […]