CryptoX – Cryptocurrency Analysis and News Portal The token was trading at $0.25 ahead of the launch of Ribbon’s on-chain options exchange, Aevo. Source The post Ribbon Finance’s Native Token RBN Surges 19% Amid Options Platform Release appeared first on CryptoX. CryptoX Portal
The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip. Source
The previous six months should have been extremely beneficial to Ether’s (ETH) price, especially after the project’s most significant upgrade ever in September 2022. However, the reality was the opposite: between September 15, 2022, and March 15, 2023, Ether underperformed Bitcoin (BTC) by 10%. Ether/Bitcoin price on Bitfinex, 2-day. Source: TradingView The price ratio of 0.068 ETH/BTC had been holding since October 2022, a support that was broken on March 15. Whatever the reason for the underperformance, traders currently have little confidence in placing leverage bets, according to ETH futures…
Summary: The crypto mixer founded in 2017 was shut down by national authorities led by the European Union Agency For Law Enforcement Cooperation (Europol). Authorities seized $46 million in Bitcoin and 7 terabytes of data from the crypto tumbler. Another crypto mixer, Tornado Cash, was sanctioned by the U.S Treasury back in August 2022. Crypto mixing platform ChipMixer was closed by the European Union Agency For Law Enforcement Cooperation (Europol) on suspicions that the service aided dark web markets, ransomware groups, illicit goods trafficking, procurement of child sexual exploitation material,…
Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last seven days, four out of the top five AI-centric digital currencies have seen double-digit gains against the U.S. dollar. An Overview of AI-Centric Crypto Asset Market Moves After GPT-4 Release On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4,…
Decentralized exchange Uniswap is officially live on BNB Chain, the smart contract blockchain built by Binance. More than 55 million UniSwap (UNI) token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy Uniswap v3 on BNB Chain in February, which passed successfully. The proposal was brought up due to the need for Uniswap to expand its reach and potentially drive further growth and adoption of DeFi. Prior to this, Wormhole was chosen as the Protocol’s designated bridge to BNB Chain in a Temperature Check vote.…
“With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things Web3,” Alvin Kan, director of Growth at BNB Chain, said in a statement to CoinDesk. “Protocols looking to reach larger audiences can grow.” Source
It’s a common question: Is bitcoin (BTC) a store of value? While proponents say, “Yes” without hesitation, skeptics note its historically large drawdowns. And that’s fair. Not long ago, in November 2021, bitcoin reached nearly $70,000 but is now around $20,000. That said, BTC also used to trade below 1 cent so, using just prices, the answer to the initial question is, “It’s hard to tell.” Original
Bitcoin (BTC) kept bears sweating near $25,000 on March 15 as encouraging macroeconomic data combined with concerns over banking crisis contagion. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PPI offers “great signs” on Fed pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a 24-hour comedown to see highs of $25,273 on Bitstamp. The pair reacted positively to the latest United States Producer Price Index (PPI) data, which came in far lower than expected. Prior to the release, the Binance order book showed principal bid and ask…
Glenn Williams Jr. explains how his process of researching small and microcap oil and gas companies compares to that of digital assets and AI. Then, Joe Orsini shares how two on-chain metrics, realized capitalization and holding trends, demonstrate belief in bitcoin as a store of value (SoV). Source