XRP aims to recover $0.60, but prominent crypto analyst EGRAG believes the asset’s ascent to this level is contingent on breaking the $0.55 resistance.

Analyst Expects XRP to Soar to $0.60 Once It Breaks Major Resistance

EGRAG disclosed this in a recent analysis of XRP’s price actions following the asset’s break above a multi-month downtrend. The latest insights build on a previous post from the anal...

11 months ago

Is Gala Going to Zero? GALA Price Drops 1% as New Bitcoin Start-up Surges Past $4 Million Milestone

Gala Games (GALA) continues to tumble in the aftermath of a legal dispute between co-founders Eric Schiermeyer and Wright Thurston, which has so far seen GALA bleed-out -32%. It is&nbs...

11 months ago

Daily transactions, daily active addresses and total value locked on Ethereum have all fallen since the upgrade, the report said.

Ethereum's Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says

Ethereum's Shanghai upgrade, implemented in April, does not appear to have increased activity on the world's largest smart contract blockchain as many had hoped for, JPMorgan (JPM) said ...

11 months ago

The token sales won’t flood the market because liquidations are bound by volume limits, the report said.

FTX’s Crypto Liquidation Sales Unlikely to Cause Market Shock: Coinbase

The sale of tokens held by bankrupt crypto exchange FTX will not result in a market shock due to several mitigating factors, Coinbase (COIN) said in a research report Thursday. ...

1 year ago

Developers of the Ethereum blockchain say there was a misconfiguration in the genesis files of the test network, and now they plan to try again in about two weeks.

Ethereum’s Holesky Testnet Fails to Launch, in Rare Tech Misstep for the Blockchain

Ethereum developers failed to get their new test network, Holesky, started on Friday, marring a technological milestone that was supposed to serve as a celebration of the first anniver...

1 year ago

Eleanor Terrett Fri, September 15, 2023 at 12:09 AM GMT+3 One of crypto’s top state regulators is leaving his post by the end of the month

Top crypto state regulator to step down, headed to private sector

Peter Marton, deputy superintendent of virtual currency at the New York State Department of Financial Services, will step down from his job effective Sept. 29, acco...

1 year ago

Energy use is down, and staking is up, but technical concerns still mark the road ahead for the second-largest cryptocurrency by market cap.

Ethereum Merge anniversary — 99% energy drop but centralization fears linger

One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical is...

1 year ago

Bitcoin's bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.

Bitcoin Bounce Puts Altcoin Bears at Risk

As bitcoin (BTC) moves higher, the recently shorted alternative cryptocurrencies like solana's SOL may see leverage liquidations and exaggerated price rallies. Since Monday's b...

1 year ago

The Financial Accounting Standards Board has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.

Change to US accounting rules will be a boon to companies holding crypto in 2025

The United States Financial Accounting Standards Board has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. T...

1 year ago

Hundreds of millions of people have crypto investments. A new report shows how many crypto millionaires and billionaires exist.

There are just six bitcoin billionaires in the world, new crypto super-rich report says

Hundreds of millions of people around the world have some form of crypto holdings, whether that is in bitcoin or one of the many other digital currencies. To be exact, 425 mi...

1 year ago