The current uptrend in Ethereum’s price began on June 15, 2023, when the price was at a low of $1626. Following this low point, Ethereum began to rise, and by June 19, the 5-day MA crossed above the 10-day MA for the first time, signaling a bullish trend. Since this crossover, the 5-day MA, currently … Continue reading Ethereum Price Analysis: Navigating the Consolidation Phase
The Graph ($GRT) has announced the commencement of Phase 3 of its scaling on Layer 2 (L2). The announcement, made via Twitter on August 28, 2023, introduces new L2 Transfer Tools designed to simplify and streamline the transfer of Graph Tokens (GRT) and subgraphs to L2. The move aims to make network participation more accessible … Continue reading The Graph $GRT Enters Phase 3 of Scaling on L2, Introducing New Transfer Tools
Binance, a leading cryptocurrency exchange, will cease support for Binance USD (BUSD) by February 2024 following Paxos’s decision to halt new BUSD minting. The move impacts a range of Binance services, including spot and margin trading, futures, and loans. Immediate Action Required for Users Users holding BUSD are advised to convert their assets into other … Continue reading Binance to Phase Out BUSD Support by February 2024 Amid Paxos Minting Halt
The European Central Bank (ECB) has recently taken significant steps towards the conceptualization and eventual issuance of a digital euro, a Central Bank Digital Currency (CBDC). This development comes as a response to the increasing digitalization of the economy and financial transactions. Authored by Juan Ayuso, Director General Operations, Markets and Payment Systems, the narrative … Continue reading ECB Advances Digital Euro Project into Preparation Phase
Jump Crypto Holdings has been allowed to submit papers in a secret manner, which is a key milestone in the litigation that the Securities and Exchange Commission (SEC) is pursuing against Terraform Labs and its creator, Do Kwon. In the current legal procedures, this action, which was approved by Federal Judge Jed Rakoff, represents a … Continue reading Jump Crypto Enters Confidential Phase in SEC vs. Terraform Labs Case
An investigation into the possibility of establishing bitcoin exchange-traded funds (ETFs) is now being conducted by Taiwan’s Financial Supervisory Commission (FSC), which is in the exploratory phase. The use of digital assets inside regulated financial markets is becoming more popular throughout the world, and this move is in line with that trend. In other areas, … Continue reading Taiwan's Financial Supervisory Commission in Exploratory Phase for Crypto ETFs
GameStop, a renowned gaming retailer, recently announced that it will be closing its nonfungible token (NFT) marketplace on February 2, 2024. This decision reflects a broader trend of GameStop scaling back its involvement in cryptocurrency and related services. Source: GameStop The closure of the NFT marketplace is a significant step … Continue reading GameStop Phases Out NFT Platform in Response to Regulatory Challenges
The CeDeFi (CDFI.ai) team has announced that they’re testing the platform for a short time. They plan to release the full functionality by the end of February. The nearing completion platform intends to revolutionize digital asset management. Integration of DEX, dApps, and Centralized Exchanges The developers emphasize the importance of this integration. … Continue reading CeDeFi Revolution: CDFI.ai platform announces it has entered beta testing phase
Binance, the world’s leading cryptocurrency exchange by trading volume and users, has announced significant updates to its futures trading platform. Starting from March 8, 2024, at 09:00 (UTC), Binance Futures will begin supporting FDUSD as a margin asset in Multi-Assets Mode, while simultaneously phasing out support for USDP. This strategic move aims to streamline the … Continue reading Binance Futures to Introduce FDUSD Margin, Phase Out USDP
BNB Chain, a leading blockchain network, has recently announced the launch of the second phase of its Total Value Locked (TVL) Incentive Program, specifically designed for projects operating on the Binance Smart Chain (BSC). The initiative aims to foster the growth and development of the BSC ecosystem by rewarding projects that demonstrate substantial increases in … Continue reading BNB Chain Launches $160K Incentive Program for BSC Projects in Second Phase