Category: Reviews

SOL Price Resumes Rally, Here’s Why Solana Could Pump 20%

Solana stayed above the $65 support and started a fresh increase. SOL price is likely setting up for more gains above the $75 and $80 resistance levels. SOL price started a fresh rally above the $68 resistance before the bears appeared against the US Dollar. The price is now trading above $68 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $65.50 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair is up nearly 10%…

Avalanche Open Interest Just Smashed A New ATH, Can AVAX Reclaim $100?

Avalanche has seen its native token AVAX rise rapidly over the last 30 days to make its way into the top 10 tokens by market cap. This rally was not exactly out of the blue as activity had begun to pick up once more on the Avalanche network. During this time, the open interest has risen rapidly as well, eventually touching a new all-time high. Avalanche Open Interest Rises To $413 Million On Tuesday, the Avalanche open interest rose to the highest level since its launch following AVAX’s surge to…

Bitcoin Price Stuck at $41K as Traders Eye Fed Rate’s Decision

As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision, scheduled for today. Bitcoin’s Price Movement Bitcoin’s recent journey in the market has been characterized by volatility, with the price rebounding from a low of $40,200 to $42,000 before settling at around $41,300. Despite the…

Crypto.com Inks MOU Deal with Singapore Charities to Accept Crypto Donations

The collaboration not only supports traditional fundraising methods but also aligns with the changing digital ecosystem, challenges with governance, and the evolving nature of fundraising in the non-profit sector. Just in time for the giving season, Crypto.com, a Singapore-based digital assets trading platform, that recently secured regulatory approval in the UK has inked a Memorandum of Understanding (MOU) with six major charities in Singapore to help facilitate the acceptance of donations in cryptocurrencies. Crypto.com Empowering Charities Through Digital Innovation The six charities involved in this groundbreaking partnership are CARE Singapore,…

German Asset Manager DWS to Issue Euro Stablecoin Along with Galaxy

To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity named AllUnity. The primary objective of AllUnity is also to issue a euro-denominated stablecoin, aiming to foster wider acceptance of tokenized assets in mainstream finance. The company, headquartered in Frankfurt and led by Alexander Höptner,…

BlackRock Submits Revised Spot Bitcoin ETF Application to Allow Participation from Banks

The revised spot Bitcoin ETF proposal from BlackRock provides access to banks, allowing them participate via broker-dealers. Giant asset manager BlackRock Inc (NYSE: BLK) has submitted a revised version of its application for its iShares spot Bitcoin exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). The revised application modifies BlackRock’s ETF, making it easier for Wall Street banks to participate. If approved, BlackRock’s ETF will allow regulated banks in the US to create new fiat-based shares in the ETF, instead of only crypto. The new model requires an interested financial…

S&P Global Ratings Launches Stablecoin Assessment, Slams Tether’s USDT with Negative Review

S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors. The S&P Global Ratings introduced a stability assessment for stablecoins on Tuesday. According to S&P Global, the idea is to determine how truly “stable” the coins are in maintaining their pegs to whatever fiat they are tied to. In total, the producer of the S&P 500 assessed eight stablecoins. They include Dai (DAI), Gemini (GUSD), First Digital USD (FDUSD), Tether (USDT), Frax (FRAX), Pax (USDP), USD Coin…

Nordic Fintech Pleo Welcomes New CFO, Increasing Hope for Potential IPO

Recent moves at Pleo, including the appointment of a new CFO, have sparked speculation about a potential IPO, driving expectations for a valuation surge beyond the current $4.7 billion mark as of August 2023.  European fintech company Pleo has welcomed a new chief financial officer to expand its executive team and bolster its business offerings, CNBC reported Wednesday.  According to the report, Pleo, known for offering simplified expense management and smart company cards to make payments easier for corporate institutions, hired Soren Westh Lonning to replace its current CFO. Two…

Solana’s BONK to List on American Exchange Coinbase as Bonk Price Surges 8%

Reacting to Coinbase’s announcement, BONK quickly took to its heels, gaining nearly 8% in value to reach $0.00001132. Solana-based memecoin Bonk (BONK) is set to be listed on Coinbase, a major US-based cryptocurrency exchange. This was revealed in an announcement by the exchange on Wednesday as it unveiled its listing roadmap via a blog post. According to Coinbase’s statement, it will henceforth use blogposts such as the latest one, to announce every asset listing decision. This is aimed at increasing transparency by providing some sort of information balance, the platform…

Donald Trump May Be Ultimate Catalyst

VanEck analysts correlate Trump’s predicted victory with a global backlash against what they term an “anti-growth agenda”. In a recent report, analysts at investment firm VanEck, Matthew Sigel and Patrick Bush, predicted that former US President Donald Trump’s likely return to the White House will spark a Bitcoin (BTC) rally, boosting its price to $100,000 by December 2024 atop a market capitalization of roughly $2 trillion. The analysts’ prediction comes on the heels of the recent meteoric rise in the price of Bitcoin,  surpassing $40,000 per token and more than…