[ad_1] An artificial intelligence (AI)-based, cat-themed gaming altcoin is reaching new all-time highs after being abruptly listed by the world’s largest crypto exchange platform by volume. In a new announcement, crypto exchange Binance says that it will be adding Catizen (CATI) to its suite of products starting on September 20th. “Binance is excited to announce that Catizen will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin and Binance Auto-Invest.” Catizen is a play-to-earn, The Open Network (TON)-based blockchain game launched in March that allows users to take on the role of a town’s mayor, managing an…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates. It’s Time For Ethereum To Shine Again Regarding price appreciation, ETH hasn’t had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap has tumbled 48% against Bitcoin since the Ethereum merged on September 15,…
[ad_1] In a significant development for Bitcoin (BTC), the broader crypto market and the traditional banking industry, BNY Mellon has been identified as the first bank to receive an exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. Unchained first reported the announcement during a Wyoming Select Committee on Blockchain, Financial Technology, and Digital Innovation public hearing earlier this week. Is Bitcoin And Crypto Adoption Ready To Explode? BNY Mellon, America’s largest custodian bank, was highlighted during the testimony of Chris Land, general counsel for pro-Bitcoin US Senator Cynthia Lummis. Land confirmed that the SEC has exempted BNY…
[ad_1] A legal battle between Consensys and the US Securities and Exchange Commission (SEC) took a new turn after a Texas federal court dismissed Consensys’ lawsuit against the regulator. The dismissal was based on the court’s decision that the important issue in the matter, an SEC investigation into Ethereum, had already been resolved, rendering the lawsuit unnecessary. Court Dismisses Consensys’ ClaimsHowever, despite this outcome, Consensys maintains that the SEC is overstepping its regulatory authority, particularly concerning MetaMask, one of its key products. The US District Court for the Northern District of Texas concluded that Consensys’ lawsuit against the SEC lacked…
[ad_1] Bitcoin has surged 11% since Tuesday following the Federal Reserve’s announcement of a 50 bps interest rate cut. This significant price movement pushed BTC past the $62,000 mark, a psychological level that shifted investor sentiment toward optimism. However, despite the recent rally, critical data from Glassnode reveals that both Bitcoin capital inflows and outflows remain relatively small, indicating reduced market activity. The current state of the Bitcoin market reflects a sense of equilibrium, where the price is stable, but trading volumes are lower than expected. While some investors see this balance as an attractive entry point, anticipating a continued…
[ad_1] A closely followed crypto analyst is updating his outlook on a meme asset that has seen staggering gains during the last year. In a new strategy session, crypto trader Altcoin Sherpa tells his 222,900 followers on the social media platform X that Popcat (POPCAT), a memecoin that has skyrocketed 23,000% year-to-date, and other alts are looking bullish for the first time in months. “You can still see these market structure shifts in coins like POPCAT and many other shitcoins right now. The trend is bullish for the first time in months and you should be looking to buy dips…
[ad_1] Dogecoin (DOGE) and Shiba Inu (SHIB) have rallied significantly in the last 24 hours. This development is thanks to bullish macro events. Onchain data also shows that these meme coins are witnessing inflows from both large and retail investors. Why Dogecoin And Shiba Inu Prices Are Up Dogecoin and Shiba Inu have experienced a significant surge due to the US Federal Reserve’s 50 basis point (bps) interest rate cut. This has provided bullish momentum for risk assets, including these meme coins, as investors are now more confident in allocating more capital to them. Before now, the price of Dogecoin…
[ad_1] Este artículo también está disponible en español. With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoin’s price. So, what could this muted open interest mean for the meme coin’s price going forward? Dogecoin Open Interest Fails To Move According to data from the Coinglass website, the Dogecoin open interest has failed to…
[ad_1] German authorities have shut down 47 crypto exchanges connected to illicit activity, including money laundering, in a forceful anti-cybercrime action. Under the direction of the Federal Criminal Police Office (BKA) and the Frankfurt am Main Public Prosecutor’s Office, this operation emphasizes the continuous fight against financial crime in the digital world. The supposedly anonymous transactions carried out by the exchanges enabled cybercriminals to hide dirty money with minimal oversight. Significant Crackdown On Illegal Trade Dubbed “Operation Final Exchange,” the crackdown exposes the degree to which these websites operated outside the bounds of law. Many of them disregarded required “Know…
[ad_1] A widely followed cryptocurrency analyst and trader believes one Ethereum (ETH) competitor is forming a bullish reversal pattern. The analyst pseudonymously known as Rekt Capital tells his 499,100 followers on the social media platform X that Avalanche (AVAX) may have reached a market bottom after a retest of a key level around $21.57 on the monthly chart. “Avalanche has successfully retested the macro downtrend as support. What this means is that the downtrend is confirmed to be over and the new macro uptrend is being set up. AVAX has rallied +29% since that successful retest.” Source: Rekt Capital/X AVAX…