With the cryptocurrency market teeming with thousands of altcoins, it is easy for investors to miss out on potentially lucrative opportunities. The sheer number of coins makes it challenging to keep track of all of them. However, a Santiment analyst has identified six altcoins that have been overlooked but show promise for a rally. These
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Circle, the stablecoin issuer, has recently announced its plans to expand the minting of USD Coin (USDC) directly on the Polygon network. This move aims to enhance accessibility and efficiency for users and developers utilizing the Ethereum layer-2 scaling solution. Improving Accessibility with USDC on Polygon Stablecoins have gained significant popularity in the cryptocurrency world
The recent influx of Tether (USDT) into cryptocurrency exchanges has caught the attention of market observers. This development has the potential to bring positive implications for Bitcoin. Santiment, an on-chain analytics firm, reports that the total worth of USDT on exchanges currently stands at $9.99 billion. While the significance of this metric varies across different
The Financial Conduct Authority (FCA) in the United Kingdom has taken action against Binance’s local partner, Rebuildingsociety.com, by restricting its ability to approve financial promotion content from unauthorized individuals or entities. This move highlights the ongoing regulatory challenges faced by Binance in the UK market. According to information posted on the FCA’s website, Rebuildingsociety.com must
Polygon (MATIC) has experienced a 6% drop in price as part of a broader de-risking trend in the markets. The ongoing conflict between Israel and Hamas has triggered concerns among investors, leading to a sell-off in various assets. While MATIC has been trading at a low price, the question arises: Is Polygon going to zero?
The past week has seen Ethereum’s native token, Ether (ETH), face an 8.2% decline in its price. Several factors have contributed to this decrease, including changes to Ethereum’s coin issuance mechanism, sales by Vitalik Buterin, and a disappointing first week for the futures-based exchange-traded fund (ETF) instrument. In 2022, the Ethereum network underwent significant upgrades
Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, finds himself facing a challenging scenario as he attempts to contest the U.S. Securities and Exchange Commission (SEC). The SEC recently announced legal action against Musk, seeking to force him to comply with a subpoena and provide testimony regarding his acquisition of Twitter (now
ApeCoin (APE) recently experienced a significant reversal, with the cryptocurrency plunging nearly 20% below its immediate support zone. This sharp decline occurred alongside a surge in trading volumes, leaving APE exposed to further declines as traders speculate on the battle between bears and bulls. Initially, APE rallied to a local high of $1.288 on October
In a shocking revelation, UPbit, one of South Korea’s prominent cryptocurrency exchanges, reported that it had experienced a staggering 159,061 hacking attempts in the first half of this year. The data provided by Dunamu, the firm’s operator, unveils a concerning trend of escalating risks, with hacking attempts skyrocketing from 8,356 in the latter half of
Bitcoin price is showing positive signs as it holds gains above the $27,450 zone. The cryptocurrency is currently trading above $27,800 and the 100 hourly Simple Moving Average (SMA). However, there is a short-term declining channel forming with resistance near $27,980 on the BTC/USD hourly chart from Kraken. Despite this, Bitcoin could potentially revisit the