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Tag: News 1

Can Dogecoin ‘whistle’ its way back to the top 10

The king of meme coins, Dogecoin, was recently kicked off from the top 10 cryptocurrency list after Polkadot overtook it. Apparently, the altcoin doesn’t want to back down and is fighting for the tenth spot. This, with DOT and DOGE holding a difference of a mere $400 million. Can Dogecoin actually claim it back? Well, […]

Gala offered a shorting opportunity on a recent bounce, but the downtrend…

Gala had held on to the $0.432 level of support all through December, even though it saw weaker and weaker bounces off the support level. Buyers finally capitulated in early January, and selling pressure intensified once more. The charts indicated a strong bearish outlook for Gala. It is not uncommon for altcoins to rally strongly […]

Switzerland: Testing of digital franc in joint operation with 5 banks ends ‘successfully’

It is no surprise that central bank digital currency (CBDC) will be a game-changer for international and local businesses. Then regulators, consumers, and other stakeholders. Basically, CBDC is a digital form of fiat currency issued by a country’s central bank. It was trialed in China and is being explored in many other economies. That said, different trials are being scheduled for CBDCs […]

India: Calls for crypto regulations intensify ahead of Budget Session 2022

India’s digital payment system and financial services company, Paytm, had previously stated that it might dive into crypto once the regulatory environment becomes favorable. Now, with the Indian Budget session coming up, CEO Vijay Shekhar Sharma has spoken in favor of implementing regulations. He told ET,  “No technology should be blocked. Technology should be shaped and […]

Crypto exchanges contemplating foray into stocks, here’s what it means

Popular crypto exchanges FTX US and Bitstamp USA are reportedly stepping into the traditional finance world to beat competitors like Robinhood. FTX US President Brett Harrison noted that the company is working hard to introduce stock trading and tracking, along with options offerings. With that, it is worth noting that just last week, Robinhood hired […]

MANA stuck in a pronounced downtrend but can buyers show strength to recover

Decentraland has trended downward on the daily chart since its surge to $5.2 in late November, a time period of six weeks. Compared to the amount of time some once-prominent coins have spent in a downtrend, six weeks is a mayfly’s blink. The long-term outlook for Bitcoin and the crypto market has not decisively shifted […]

Congressman ‘frustrated’ with SEC Chair as Bitcoin Spot ETF debate continues

Congressman Tom Emmer has hit back at SEC Chair Gary Gensler once again, right after pushing a parliamentary bill around CBDCs. He noted in an interview that Gensler “is too smart to be so stupid,” adding “This is driving opportunity off our shores and just look at the intellectual inconsistencies.” He said this with regard […]

Polygon Dapps expansion into the Metaverse serves as a boost to MATIC

Polygon is on an expansion spree, adding more DeFi applications to its network every day. The effects this could have on the network contribute to the bigger picture of MATIC’s growth. Polygon in the Metaverse Just a few days ago, Zignaly, the VC-backed NFT insurance protocol opened their first office in the Bloktopia’s Metaverse. Their […]

Report: 82% SMBs are open to accepting cryptos as payments in 2022

Cryptocurrencies are getting harder to ignore with each passing day. It’s not just big institutions acquiring crypto but even small businesses have been following the same tune. The crypto industry is expanding exponentially and so is its adoption for payment among small and medium-sized businesses or SMBs. Count me in  Crypto is still not an everyday […]

Terra breaks out of a bullish pattern, but can it retest support before resuming rally

The price of Terra has followed Bitcoin’s direction very closely in the past few days. Bitcoin bounced from the $40k area, and Terra had a strong move upward too. The day prior to press time, saw Bitcoin face heavy resistance at $44.15k. And, Terra also tested the longer-term significant level at $83.82 but was rejected. […]

North Korean hackers walk away with nearly $400 million in crypto

Over the years, the Democratic People’s Republic of Korea (DPRK)  has topped the chart in the list of cyberattacks. However, the most unique aspect of North Korean hacking is its focus on targeting financial institutions. Even hackers prefer ETH North Korean crypto hackers had a ‘ banner year‘ in 2021 according to new data from […]

Binance Coin forms a continuation pattern as $510 beckons

Binance Coin was on its way to recovery from the drop in prices earlier this month. The longer-term trend was bearish, but over the past couple of days, the buyers have been in a position of strength. The $510 was a key level on the charts, with the $500 area offering strong support over the […]

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