Month: September 2024

Market maker DWF Labs hints at synthetic stablecoin

Crypto market maker DWF Labs has plans to launch a stablecoin product that may compete with Ethena’s USDE. According to Andrei Grachev, co-founder of DWF Labs, the crypto trading and market-making startup has finalized the design for its synthetic stablecoin. Synthetic stablecoins operate on a soft peg with fiat currencies like the U.S. dollar and are underpinned by collateral assets like Bitcoin (BTC) and other assigned cryptocurrencies. To maintain parity, synthetic stablecoins rely on opening and closing short-leveraged positions for the underlying collateral. While supposedly decentralized, this design could introduce…

Can It Break Through the Resistance?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Crypto Exchanges at Crossroads – Adapting to Market Changes

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HodlX Guest Post  Submit Your Post   Despite years of development, the cryptocurrency market remains the Wild West of finance – an unpredictable arena where fortunes can be made or lost in the blink of an eye. And seeing as a great portion of the activities with digital assets take place on crypto exchanges, they are often at the center of this turbulent landscape. While crypto exchanges have played a crucial role in the market’s growth, there is much uncertainty about their future. As the market matures and attracts more and…

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

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Este artículo también está disponible en español. Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum layer-2 (L2) scaling network Optimism’s Superchain is essentially a network of L2 chains, known as OP chains. These chains share security features a communication layer, and are powered…

Ethereum Price Poised for Steady Recovery: Can It Build Momentum?

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,440 resistance to continue higher in the near term. Ethereum Price Faces…

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

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The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […] Original

Bitcoin Price Struggles: Can Bulls Step In to Save the Week?

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Bitcoin price declined and retested the $55,600 support zone. BTC is now struggling and might face hurdles near the $57,000 resistance level. Bitcoin is struggling to recover above the $57,750 zone. The price is trading below $57,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $57,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,000 or $57,750 resistance levels in the near term. Bitcoin Price Dips Again Bitcoin…

BTC Price Could Crack $50,000 If This Important Level Does Not Hold

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Este artículo también está disponible en español. Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level.  Bitcoin Risks $50,000 Drop If Support Fails Elja Boom, a crypto analyst took to X (formerly Twitter) on September 5 to discuss the current price trends and market movements of Bitcoin. Boom shared a price chart…

India’s FIU Considers Approving More Offshore Crypto Exchanges

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […] Source BitcoincryptoexchangeExchanges CryptoX Portal