The crypto market is facing a rough patch, with macroeconomic factors taking center stage. According to Coinbase Research, the market is likely to remain vulnerable in the coming weeks due to a lack of positive catalysts. Macroeconomic Pressures Weigh In The crypto market is becoming increasingly sensitive to global economic events. Recent events like the…
The crypto world is buzzing about Ethereum and a new memecoin called Mpeppe. Ethereum is doing well, and Mpeppe is hoping to capitalize on that success. Ethereum: A Strong Foundation Ethereum is a big deal in the crypto world. It’s a platform for all sorts of cool things, like decentralized apps and financial transactions. Ethereum…
The US Securities and Exchange Commission (SEC) has put the brakes on approving a new ETF that would invest in both Bitcoin and Ethereum. This ETF, proposed by Brazilian asset manager Hashdex, would be the first of its kind. What’s the Hold Up? The SEC is taking its time to review the application. While they…
If you made a fortune with Pepecoin, you’re probably looking for the next big thing. Well, look no further than Mpeppe and Pepe Unchained. These new meme coins are attracting a lot of attention from investors who are hoping to replicate the success of Pepecoin. Why Are People So Excited? Both Mpeppe and Pepe Unchained…
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…
