Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […] Source
The Bitcoin price has had a rocky start to the new week after losing its footing above $52,000 on Tuesday. However, all hope is not lost, as indicators still point to a continuation of this trend. Crypto analyst Tony The Bull has identified an important trend in the Bitcoin chart which could trigger a continuation of the trend back above $52,000. Bitcoin 1-Week Fisher Transform At Crucial Point In an analysis posted on X (formerly Twitter), the crypto analyst shared a chart that showed the Bitcoin Fisher Transform in comparison…
Jason Brown, a former co-chief deputy of the attorney general’s office and a former senior federal attorney in New York, backed DCG’s objection to the Genesis settlement with the state, asserting in a court filing that the details of the settlement may not have been arrived at properly. “In any case of this magnitude, I would expect the parties to have engaged in extensive merits-based assessments of the claims prior to finalization of a settlement,” he argued. “It is, in my opinion, not in the usual course to forgo such…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Various projects have demonstrated significant progress this year in the evolving landscape of digital currencies. Tron (TRX) has displayed its resilience, and Stacks (STX) distinguishes itself by incorporating smart contracts with Bitcoin (BTC). Meanwhile, a new crypto lending project is garnering interest due to its growth potential. So far, how Kelexo plans to decentralize and share profits is why investors find the project worth considering. Tron is growing Tron has demonstrated…
A crypto investor, Fred Krueger, thinks Ethereum is overvalued at spot rates. Referring to X, Krueger added that Ethereum supporters are “detached from reality” after ETH, the native currency, recently broke above $3,000. The investor pointed to the general declining on-chain activity, fierce competition from alternatives like Solana and Avalanche, for instance, and regulatory uncertainty that makes holding the coin risky. Ethereum Is Slow And Usage Is Shrinking Krueger argues that Ethereum’s on-chain transactions could be faster and cheaper. In the current landscape marked with scalable and low-fee alternatives, either…
Lee’s comments came as bitcoin’s rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, its highest price in 26 months. It was recently changing hands at $50,900, down 1.8% over the past 24 hours, holding up slightly better than the broader-market CoinDesk20 Index’s (CD20) 3% decline during the same period. Original
Nvidia's Earnings Beat Estimates, Boosting Broader Market and AI Tokens Source
Here’s what the “Altseason Indicator” from the on-chain analytics firm Glassnode says regarding if an Altcoin season is currently going on or not. What Altseason Indicator Says Regarding The Altcoin Season In its latest weekly report, Glassnode has discussed what the Altcoin season status for the cryptocurrency market has looked like recently. To check whether the “altseason” is on, the analytics firm has devised its Altseason Indicator. This metric judges if the investors are in a risk-on mode based on how capital rotations are occurring in the sector. There are…
Warnings this week from the Chamber of Digital Commerce about the bill from Warren may be premature, one of the people said. The group’s CEO, Perianne Boring, sent out a notice with the subject line, “URGENT: Cryptocurrency Under Threat,” that warned that Brown may advance Warren’s bill “effectively banning cryptocurrency in the United States.” Source
Pulling up the drawbridge between Circle and Tron may be the latest sign of a growing divide between regulatory-compliant crypto firms (or at least those that signal compliance friendliness) and black, or gray, market crypto use. Binance, for one, sued by the Department of Justice, delisted USDC some years ago, without clear explanation. Source