Market traders have noted a recent trend in heavy shorting of Cardano (ADA) and XRP, two cryptocurrencies that have been struggling to gain bullish momentum. The on-chain analytics platform Santiment highlighted this factor in a recent X post, suggesting that the increased short positions on these tokens could actually serve as “rocket fuel” for their
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In the recent 24-hour period, the cryptocurrency market has shown signs of recovery after experiencing losses in the past few days. Major digital assets like Bitcoin, Ethereum, and Ripple have seen slight gains, while AI-related coins such as Fetch.ai have surged by double digits. Whale Sell-Offs Impact One notable case is the meme coin Beercoin
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself in a pivotal moment as its price consolidates. Traders and investors are grappling with uncertainty as Ethereum’s price hovers near crucial support and resistance levels. This period of price stability has created a sense of indecision in the market, with technical indicators and market signals being
Binance, the leading cryptocurrency exchange globally, has recently been hit with regulatory challenges in various countries, including India. The Financial Intelligence Unit (FIU) of India imposed a hefty fine of 188.2 million Indian Rupees on Binance for non-compliance with the Anti-Money Laundering (AML) regulations. This fine amounts to approximately $2.2 million and was issued after
A recent development in the case of Nadeem Anjarwalla, a Binance executive, has resulted in the dismissal of his human rights lawsuit against Nigeria’s National Security Adviser and the Economic and Financial Crimes Commission by a federal high court. Despite the dismissal, it was noted that Anjarwalla did not have legal representation during the proceedings,
In the recent events surrounding the discovery of a critical vulnerability in crypto exchange Kraken’s deposit system, blockchain security firm CertiK has come forward with shocking allegations. CertiK claims that Kraken threatened its employees on June 18, demanding a repayment of a “mismatched” amount in an unreasonable timeframe while failing to provide a relevant wallet
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his analysis of the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is currently around 10% off its all-time highs, with indications that the market may be heading towards cannibalism. Despite the NASDAQ experiencing a 16% surge
In the past 24 hours, XRP experienced a slight decline from its recent high above $0.50, after making a comeback in the market. Despite this minor setback, XRP managed to erase its weekly losses, making it the only top cryptocurrency in the green for the week. At the same time, there has been a noticeable
The Bitcoin network has been making waves in the NFT industry, securing the third position in terms of all-time sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have achieved a remarkable total sales volume of $4.29 billion as of June 18. This significant milestone has surpassed the previous record set by the Ronin
Infamous ex-convict Martin Shkreli has recently found himself in hot waters yet again, this time in the world of cryptocurrency. Shkreli, who previously served time in prison for financial-related frauds, has now come forth with a shocking confession regarding his involvement in the creation of the new Donald Trump-themed token DJT. This revelation has stirred
