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Bitcoin
Bitcoin, Ethereum Technical Analysis: BTC Retreats From Recent High, ETH Consolidated Gains
Bitcoin retreated from a recent multi-week high on Saturday, as sentiment shifted bearish to start the weekend. The drop comes following a four-day win streak, leading many to see today’s declines as profit-taking. Ethereum was…
American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the…
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is…
Another 2 Binance US Executives Leave Crypto Exchange, Report
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory…
Sony Announces Joint Initiative to Create Blockchain for Spearheading Its Web3 Strategy
Sony Network Communications, part of the Sony Group, entered into a joint initiative to create a blockchain project that aims to serve as the “backbone of global Web3 infrastructure.” The new company, created with Startale Labs,…
Bankman-Fried’s House Arrest Writings Reveal Inner Turmoil, Blame Game in FTX Collapse
According to more than 250 documents sent to the media, the disgraced co-founder of FTX, Sam Bankman-Fried, said he feels like “one of the most hated people in the world.” The former CEO of the now-defunct crypto exchange further noted in…
Ethereum’s Liquid Staking Platforms See $1B Influx in 20 Days, Nearing 12M ETH Milestone
Over 20 days, 640,000 ETH valued at just over $1 billion was added to liquid staking derivatives platforms. Additionally, the amount of ether staked in such protocols is approaching 12 million, with 11.97 million total value locked (TVL) as…
Crypto Exchange Coinex Pens an Open Plea for Dialogue With the Hacker
On September 12, 2023, Coinex was hacked, losing an estimated $54 million after hackers removed significant amounts of BTC, ETH, TRX, and other tokens. Three days later, Coinex released an open letter to the hackers, hoping to “build…
Bitcoin at $26.4K Set for Weekly Gain, but Rallies Might Continue to be Sold
The world's largest crypto has bounced from a 3-month low below $25,000 hit on Monday.
Biggest Movers: XRP Surges to 2-Week High, SOL Maintains Recent Momentum
XRP extended a recent bull run on Friday, as the token moved to its highest point in the past two weeks. Today’s move came as the cryptocurrency marginally broke past a key resistance level. Solana was also in the green, as price…
Bitcoin’s Mempool Congestion: Unconfirmed Transactions Approach 700,000 in September
Over the last fortnight, the quantity of unconfirmed bitcoin (BTC) transactions has consistently exceeded the 500,000 mark, nearly touching 700,000 on September 6, 2023. Metrics indicate that Bitcoin’s mempool, a shortened term for…