While the overall crypto market took a tumble this week, two top-100 altcoins, Helium (HNT) and Sui (SUI), defied the trend and saw significant price gains. Helium Takes Flight with Mobile Network Tests Helium, the decentralized Internet of Things (IoT) network, announced that two major US carriers are testing their network’s ability to handle mobile…
Ripple, the company behind the XRP cryptocurrency, has started testing its new stablecoin, called Ripple USD (RLUSD). This means the coin is being tested on both the XRP Ledger and Ethereum, but it’s not available for purchase yet. What is RLUSD? RLUSD is designed to be pegged to the US dollar, meaning its value should…
The US Treasury is stepping in to help the bond market, which has been struggling lately. They’re buying up to $50 billion worth of US bonds from now until the end of October. Why is the Treasury doing this? The bond market is huge, worth over $25 trillion. Lately, there’s been less interest from buyers,…
Indian crypto exchange WazirX is doing something pretty drastic after being hacked for a whopping $230 million in July. They’re rolling back all trades made since the hack and restoring everyone’s account balances to what they were before the attack. Rolling Back the Clock WazirX says they made this decision after listening to their users….
Bitcoin is facing a bit of a scary situation right now. A technical indicator called the “Death Cross” has appeared on its chart, which usually means bad news for the price. What is the Death Cross? The Death Cross happens when a short-term average (50-day moving average) falls below a long-term average (200-day moving average)….
Bitcoin has been on a roll lately, recovering nicely after a dip below $50,000. The dip was caused by a global market slump, with fears of a recession in the US playing a big part. Now, Bitcoin is hovering around $60,000, and analysts are watching closely to see if it can keep climbing. A Warning…
A recent online meeting between crypto leaders and Democratic Party officials turned into a heated debate, highlighting the ongoing tension between the two groups. A Tense Atmosphere The meeting, hosted by California Congressman Ro Khanna, was intended to bridge the gap between the crypto industry and the Democratic Party, especially in the lead-up to the…
Dogecoin (DOGE) is showing some serious strength lately, with its price steadily climbing. Experts are predicting that it could even reach $0.1144 soon. Why the Bullish Sentiment? Several factors are contributing to this positive outlook for DOGE: Technical Indicators: The 4-hour chart shows DOGE breaking through the 100-day Simple Moving Average (SMA) and heading towards…
A crypto analyst thinks Dogecoin (DOGE) could go way up in price, maybe even hit $1! Here’s why: Dogecoin’s Bullish Path The analyst, known as “Cryptorphic,” says Dogecoin has been steadily building up for a while. It recently broke out of a long-term price range, which is a good sign. He also points to some…
Winklevoss Calls Out Harris’ Crypto Promises Tyler Winklevoss, co-founder of Gemini, is calling out Vice President Kamala Harris for claiming to be “resetting” the Biden administration’s stance on crypto. He believes that the administration is actually doubling down on its anti-crypto policies. Operation Choke Point 2.0 Is Alive and Well Winklevoss says that the government’s…
