Day: July 2, 2023

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

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Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the major question on every investor’s mind is, will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013 and the biggest decline was 9.69% in 2014.…

Privacy advocates score a win after Binance buckles under pressure

Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries. As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens including Zcash (ZEC), Monero (XMR), Decred (DCR), Horizen’s ZEN, Verge (XVG), Dash (DASH), Secret (SCRT), Firo, Navcoin (NAV), MobileCoin (MOB), Beam and PIVX. Banning the coins would have been a big, big mistake. Privacy coins empower individuals against financial surveillance…

Privacy advocates score a win after Binance buckles on coin listings

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Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries. As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens including Zcash (ZEC), Monero (XMR), Decred (DCR), Horizen’s ZEN, Verge (XVG), Dash (DASH), Secret (SCRT), Firo, Navcoin (NAV), MobileCoin (MOB), Beam and PIVX. Banning the coins would have been a big, big mistake. Privacy coins empower individuals against financial surveillance…

Utility tokens to watch out for in H2 2023: quant, digitoads, and zilliqa 

In the second half of 2023, investors are actively considering potential tokens for their crypto portfolios. Among the cryptocurrencies garnering attention and which investors expect to rally in the latter half of 2023 are digitoads (TOADS), zilliqa (ZIL), and quant (QNT). This article examines their utilities and why investors are investigating them as investments in the latter part of 2023. DigiToads: a token to watch out for in H2 2023 DigiToads has experienced significant growth in the first half of 2023 and shows promise for continued expansion in the following…

Cboe’s BZX Exchange Names Coinbase for Surveillance-Sharing Agreement in Refiled Spot Bitcoin ETF Applications

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Cboe’s BZX Exchange has identified crypto exchange Coinbase as the designated market for its surveillance-sharing agreement. The exchange recently refilled its ETF applications on behalf of several aspiring bitcoin ETF issuers, including Fidelity, WisdomTree, VanEck, ARK Invest, Galaxy/Invesco, and BlackRock, media reports said. These companies hope to bring a spot bitcoin ETF that the U.S. Securities and Exchange Commission (SEC) has previously rejected for years. While BlackRock has filed its spot bitcoin ETF with Nasdaq, the other firms are collaborating with Cboe. On Friday, the SEC informed both Nasdaq and…

MicroStrategy, Hang Seng and HSBC make waves amid rising adoption, FTX recovers $7b

During this week, the crypto industry observed a consistent increase in institutional adoption. Prominent entities such as HSBC, MicroStrategy, and Hang Seng garnered attention through notable advancements. Concurrently, the spotlight was on FTX, with the new management impressively recuperating a substantial $7 billion, instilling optimism for creditor reimbursement and fortifying prospects for a relaunch. Similar to previous weeks, there was a persistent emphasis on regulatory matters within the United States, as the country sought to establish effective oversight mechanisms for the burgeoning crypto industry.  HSBC and MicroStrategy dive deeper Against…

Bittrex defies SEC’s grip in lawsuit demanding dismissal

Crypto exchange Bittrex has filed a motion to dismiss a lawsuit against them by the United States Securities and Exchange Commission (SEC). Bittrex teamed up with Coinbase to defend itself against the SEC, highlighting the need for clearer regulations in the cryptocurrency industry. Court documents show that  Bittrex has filed a motion to dismiss the SEC’s lawsuit. Bittrex argued that the SEC’s allegations were based on a flawed interpretation of the securities laws and that the exchange had not violated any legislation.  Bittrex also argued that the SEC’s lawsuit aimed…

Cardano releases development updates, ADA is recovering

Cardano has just released this week’s updates highlighting the technical developments on the network, including smart contracts, governance, Project Catalyst, and scaling. Meanwhile, its native token, ADA, has begun recovering and trades in the green. The Cardano update shows that the network has launched 131 projects, while 1,261 projects are being built. In addition, it recently achieved a 70 million transaction milestone.  Cardano has so far launched 131 projects and 1,261 projects are currently being built on its network. In addition, it recently marked a 70 million transaction milestone. —…

Merely 2.6% of Portugals own crypto assets, data shows

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The number of Portuguese people investing in cryptocurrencies like bitcoin and ethereum has been gradually increasing, reaching around 268,000 individuals recently, according to Triple-A, a digital currency payment facilitator. However, compared to the global population, the interest of the Portuguese public in crypto investments is only half as strong. Crypto assets have gained much attention worldwide, with over 420 million crypto investors. Triple-A’s data shows that more Portuguese people would benefit from cryptocurrency investments if they…

PolyNetwork allegedly hacked, massive transactions detected

PolyNetwork has allegedly been hacked again, according to PeckShield Inc., an on-chain data analytics and security company. The hackers appear to have made several transactions in huge assets on several chains. PolyNetwork assets have reportedly been hacked, and the perpetrators have added a huge number of assets to several chains.  On Heco, there is 999,8127T SHIB; Metis has received 99,99,184 BNB and 10 billion BUSD, while Polygon now has an additional 87,579,118 COW, and 999,999,434 OOE, 636,643,868 STACK, 88,640,563 GM and 2,175.0 53 03. Avalanche also appears to have received…