Crypto News

EOS price is down 13% year-to-date even as LTC and BCH have turned extremely bullish. The broader market outlook is bullish and that could help EOS target recent peak. EOS traded at $0.77 at the time of writing, about 10% up after a brief dip to $0.70.  EOS price is currently trading near $0.77 after briefly falling to $0.70 on a move replicated across the broader crypto market. However, the coin is still hovering below June highs, and is down 15% in the past 30 days. EOS is also way off its year-to-date peak, with the performance contrasting with some of the oldest altcoins as seen over the last few weeks. Could news about EOS EVM provide positive vibes that can spur bulls higher? Probably, and it’s what bulls need – upside impetus sparked by increased network activity.  Games and dapps coming to EOS EVM 😎 — Yves La Rose (@BigBeardSamurai) June 30, 2023 EOS price amid crypto market outlook Coins like Litecoin (LTC) and Bitcoin Cash (BCH) have been on a tear la...

Litecoin price bounced strongly to see bulls hit a 14-month high near $110. LTC last traded at these prices in April 2022, and could hit new multi-year highs as the Litecoin halving approaches. Prices fell to $84 earlier in the day after markets reacted negatively to news about spot Bitcoin ETfs. Litecoin is still poised for more upside action after an enforced breather pushed LTC back to lows of $84 on Friday.  A strong rebound for LTC in the last few minutes had buyers eyeing $110, even as the cryptocurrency reached its highest level since early April 2022. Litecoin price on the daily chart. Source:  TradingView What happened to the LTC price today? Litecoin had surged to highs of $103 earlier in the day as bulls looked to breach a level last reached in mid-February.  However, the momentum was briefly halted as the broader market reacted to a news report that the US Securities and Exchange Commission (SEC) had provided feedback on recently filed spot Bitcoi...

Bitcoin price reacted sharply to news that the SEC had said Bitcoin ETFs filings were inadequate. The SEC had reportedly returned the filed documents to BlackRock, Fidelity. However, BTC recovered above $30k as more details emerged. Bitcoin briefly crashed to below $30k within minutes on Friday as the US Securities and Exchnage Commission (SEC) reportedly told Nasdaq and the Cboe that recently filed spot Bicoin ETFs by BlackRock, Fidelity and other Wall Street giants were “not clear and comprehensive.” The regulator has reportedly returned the spot ETF documents. The markets reaction to the initial news by the Wall Street Journal was swift, with Bitcoin falling to $29,790 and Ethereum below $1,840. According to WSJ, the U.S. SEC stated that the filing of spot bitcoin ETFs was insufficient, and regulators told Nasdaq that recent filings by companies such as BlackRock and Fidelity were not clear and comprehensive. The SEC returned the documents. https://t.co/HK75jdB3ks — Wu ...

Bitcoin Cash has skyrocketed to a 14-month high above $320, hitting highs of $326 on Coinbase. BCH upside momentum has increased since Wall Street-backed EDX listed the coin alongside BTC, ETH and LTC. A spike in volume on South Korea exchange Upbit helped push CBH price higher on Friday. Bitcoin Cash rallied to its highest price in 14 months on Friday morning, trading at highs of $326 on US-based crypto exchange Coinbase. Why is BCH price rallying today? Bitcoin Cash had stagnated below $165 since dipping below the level in June last year. However, with Bitcoin rallying to above $31k amid bullish sentiment buoyed by BlackRock’s spot ETF filing, BCH roared to a one-year high . The bulls have been relentless since, with price crossing the psychological $300 mark today with more than 30% gains in 24 hours. The cryptocurrency has rallied nearly 200% over the past two weeks, and is now in the green by 110% over the past year. It is notable that the price of BCH had raced to a ne...

CHANCER presale has hit $421k days after launch to demonstrate the huge demand among investors. The predictive markets platform is expected to go live later this year, with experts noting its potential to change the global betting industry. For investors, buying $CHANCER at the current price of $0.01 offers could be a great opportunity. With the broader crypto market looking for a foothold amid predictions of a bullish flip, Chancer’s presale has notched past the $420k mark to highlight the overall market sentiment. More aptly, the blockchain-based predictive markets platform has seen over 42.1 million of its $CHANCER tokens sold out just days into its recently launched presale event. Could Chancer offer that new opportunity that investors are hunting for ahead of the next bull cycle?   Early birds can find out more   here . Bear markets are for building – and investing Bitcoin price staying above the $30k level and looking likely to target the next resistance at $3...

Key takeaways Slovakian lawmakers have voted in favour of reducing cryptocurrency income tax in the country. The move could see more cryptocurrency investors in the country and could benefit the broader crypto market. Slovakian lawmakers voted in favour of a law designed to cut taxes on the sale of cryptocurrencies. The new income tax bill in the country seeks to reduce the tax burden in connection with the sale of virtual currencies, thereby simplifying their use in everyday life.  If the new bill is passed, the taxation on cryptocurrency income would be reduced to 7%. How does the new bill affect the broader cryptocurrency market, and could more countries implement similar cuts?  What does this mean for Bitcoin and AltSignals? The cryptocurrency market has performed excellently since the start of the year, with Bitcoin and other leading cryptocurrencies up by more than 40% during that period. Bitcoin recently touched the $31k level before retracing, with the...

Compound (COMP) was up 8% in the past 24 hours and 51% this past week. The gains for COMP token have come amid this week’s spike in whale activity. Also helping bulls looks to be a market reaction to Coinbase’s response to SEC allegations that the exchange lists securities. Increased whale activity has seen the price of COMP, the native token of DeFi protocol Compound , soar to levels last witnessed in early March. According to blockchain sleuth Loookonchain , Compound’s price upside coincides with increased activity by large holders. One of these wallets deposited $3.5 million of stablecoin Tether (USDT) on Binance earlier this week, and acquired 50,000 COMP.  The whale added another 120,000 COMP tokens to their holdings on Thursday. The price of $COMP is up nearly 50% in the past week and a whale/institution may have bought $COMP ! Wallet"0x0D5" deposited 3M $USDT to #Binance on June 26 and withdrew 50K $COMP ($2.26M) 16 hrs ago. https://t.co/gMLDUwJVst pic....

Avalanche active addresses have increased 2x compared to yearly average. Data shows monthly active addresses recently hit 1.21 million. However, AVAX price has traded lower this week amid Bitcoin’s struggle to hold above $30k.  Avalanche , a layer 1 blockchain developed by Ava Labs, has seen a steady increase in active addresses over the past month. On-chain data shows daily active users on the blockchain network surged twofold in June, well above the average recorded over the past year. According to crypto market intelligence provider Messari, most of the engagement in this period has been around decentralised exchanges, including retail-focused DEX Trader Joe and Web3 protocol Galxe. . @avax witnessed a surge in daily active users, doubling compared to the average over the past year. Engagement revolves around DEXs like @traderjoe_xyz and applications like @Galxe . Avalanche aims to revitalize its network and foster a stronger #DeFi ecosystem. pic.twitter.com/Q3yLc...

Coinbase accuses the SEC of allowing it to go public with the same digital assets listed and later claiming to be unregistered securities. Coinbase’s lawsuit comes days after Binance’s motion alleging SEC misconduct was denied. Coinbase’s Chief Legal Officer insists that the exchange is ready to dialogue with any regulatory agency. In a motion submitted to the United States District Court for the Southern District of New York, Coinbase Global Inc. (NASDAQ: COIN) has asked that the Securities and Exchange Commission’s (SEC) complaint charges be dismissed for lack of merit. The exchange claims that when the Securities and Exchange Commission accepted Coinbase’s plan to go public back in May 2021, the SEC was aware of all operations, including staking and listing. Coinbase stated in the 177-page document that the SEC’s accusations were based on claims that 12 of the listed crypto tokens traded on the exchange are securities. But it’s interesting to note that when the SEC authorize...

Paysafe is Binance’s current EUR banking partner. Paysafe will not provide services to Binance users from 25th September 2023. The announcement comes, weeks after Binance.US announced its banking partners had warned to discontinue their services. According to a notification to Binance users, the exchange’s EUR banking partner, Paysafe Payment Solutions Limited, will stop offering services to Binance users starting September 25 th this year. The development comes barely three months after Paysafe decided to stop offering Binance customers its embedded wallet solution in the UK in a move it blamed on the complex regulation in the country as reported here . As a result Binance suspended GBP deposits and withdrawals for all users on May 22. At the time, the UK had just unveiled its plan to regulate crypto trading and lending aiming to introduce stricter rules. Paysafe had promised to continue working with Binance in other parts of Europe and Latin America after discontinuing its s...

ARK’s amended 19b-4 includes a surveillance sharing agreement with CBOE and a US crypto exchange. ARK Invest founder and CEO Cathie Wood says the Ark 21Shares Bitcoin ETF is first in line for approval as “oldest” filing before the SEC. BlackRock’s spot Bitcoin ETF also included a SSA with Coinbase. ARK Invest and 21Shares have   amended their 19b-4 for the ARK 21Shares Bitcoin ETF  refiled in April and which is due a decision from the SEC in August. Specifically, the companies have informed the SEC that they have entered into a surveillance sharing agreement (SSA) with the CBOE BZX Exchange and a US-based crypto exchange provider of spot trading for Bitcoin . Speculation is that the exchange in question is Coinbase, the largest US-based crypto platform that incidentally was sued by the SEC over allegations of securities violations. What does ARK’s amended 19b-4 mean? The amended filing means the ARK 21Shares Bitcoin ETF now has a similar structure to that of BlackRo...

Horizen is removing privacy from mainchain shielded pools ZEN will no longer be a privacy coin when the deprecation is activated. The upcoming deprecation of the Horizen mainchain shielded pools comes after the adoption of ZenIP 42204 Horizen is going ahead with plans to remove support for shielded transactions on the mainchain, a move that will see the native ZEN token no longer considered a privacy coin. The blockchain platform announced on Wednesday that an upcoming deprecation of the mainchain shielded pools will proceed after the community approved ZenIP 42204. The change is expected to activate via a hard fork and will see shielded transactions with transparent inputs prevented at the consensus level. The deprecation of #Horizen mainchain shielded pools means privacy features will be removed from the Horizen main blockchain at the consensus level. This means $ZEN will no longer be a privacy coin after this change. Learn more about this upcoming change: https://t.co/HS...

Binance opens trading for Pantera Capital and Coinbase backed Maverick Protocol (MAV) Maverick’s native token will trade against Bitcoin, USDT and TUSD. Binance added Maverick Protocol to its launchpool incubator earlier this month. Binance has opened trading for Maverick Protocol (MAV), the native token of a DeFi project backed by Founders Fund, Pantera Capital, Coinbase Ventures and Binance Labs among others. According to an announcement by the leading crypto exchange, support will initially be for three trading pairs: MAV/BTC, MAV/USDT and MAV/TUSD. Maverick trading on Binance went live on June 28, 2023 at 08:00 (UTC). #Binance will open trading for @mavprotocol $MAV . https://t.co/8S7gg1aSGl — Binance (@binance) June 27, 2023 Traders will benefit from zero fee trading on the MAV/TUSD pair “until further notice,” the exchange announced.  Binance’s listing of Maverick Protocol comes a few weeks after the exchange added the token in its Launchpool. Apart from Bina...

Analyst on AI: It’s transformational and an internet moment that could spark further growth across major tech companies. AltSignals is integrating AI-powered trading signals into its platform. The price of ASI will increase by 51% between the current and the final presale stage. AltSignals is about to enter the next stage of its presale event, so far successful given investors have scooped nearly 80 million ASI tokens. But what do experts say about the AI play in mainstream tech space and what are the implications for crypto projects leveraging the narrative?  Google said on Thursday that it welcomed regulation of the AI industry, with head of Google Cloud Thomas Kurian   telling CNBC the tech giant’s engagements with EU regulators has been productive. Elsewhere, Dan Ives, the managing director and senior equity researcher at Wedbush Securities, noted AI wasn’t just hype but technology that was set to be transformational over the next 20 to 30 years. Notably, Ives’...

Chancer presale has seen investors buy over 38 million tokens in a few days. The excitement about this project stems from its value proposition, particularly in disrupting the online betting industry. Current presale price for CHANCER token is $0.01, likely a bargain for early investors. The Chancer presale launched this month offering investors an early opportunity to be part of a disruptive betting platform. Is this why the token sale has already seen investors scoop more than 38 million $CHANCER tokens?  Chancer’s value proposition is the game-changer As an innovative blockchain-based market, Chancer’s value proposition is in its approach to betting. Simply, control is seized from centralised bookmakers and handed to bettors. No central house means custom bets and smart contracts -powered payouts, with wagers shared globally to create a real-time social environment. At the base of it is Chancer’s potential to completely change the gambling industry by tapping into the p...

The Block says Fidelity is next in line to file for a spot bitcoin ETF. Oanda analyst Edward Moya shares his view on the Fidelity news. BlackRock also filed for such an exchange-traded fund last week. Fidelity is in focus on Tuesday following a report that the asset manager was next in line to file for a spot bitcoin ETF. Analyst reacts to the Fidelity news The news arrives only days after peer BlackRock filed with the U.S. Securities and Exchange Commission for such an exchange-traded fund ( find out more ). Fidelity refused to comment on The Block’s report this morning. But a Senior Market Analyst at Oanda – Edward Moya said: There’s a lot of optimism here that you’re going to get a bitcoin ETF. Others that have recently filed for a spot bitcoin ETF include Invesco, WisdomTree, Bitwise, and VanEck. Such filings helped bitcoin hit $31,000 this week for the first time in more than a year. What a spot bitcoin ETF may mean for crypto It is noteworthy here that Fidelity had...

Bitget launched a dedicated website for Turkish users on Monday. Bitget Turkey features a Fiat Gateway that allows using TRY to trade. TokenInsight named it among the top 4 centralised exchanged in Q1. Bitget continues to execute on its commitment to expand globally. On Monday, the crypto exchange formally entered Turkey with a dedicated website – Bitget TR. Turkey is a fast-growing crypto market Its new website aims at offering localized services to the crypto enthusiasts in Turkey. The transcontinental country is rapidly growing in terms of crypto adoption. The launch of Bitget TR enables us to provide localized, convenient, and compliant crypto services to users in Turkey. Last month, Bitget had successfully registered as a Virtual Asset Service Provider (VASP) in Poland ( read more ). TokenInsight names it among the top four centralised exchanges in the first quarter of 2023. Bitget now has a team of 1,300 across more than 60 countries and regions. Bitget TR comes wit...

Chromia Appnet welcomes first ever decentralised token bridge with My Neighbor Alice collaboration. ALICE tokens can now be bridged from the Binance Smart Chain (BSC). Chromia token (CHR) was slightly lower on Tuesday afternoon, but was 12% higher in the past week. Chromia, a standalone public blockchain developed by Swedish company Chromaway AB, has hit a new milestone after blockchain-based game My Neighbor Alice Alpha Season 3 went live on the Appnet. Decentralised token bridge on Chromia My Neighbor Alice Alpha Season 3 launched on the first ever Chromia Appnet, a collaboration that is set to see the public have access to MNA’s unique multiplayer game. There is a ‘free trial’ where players can tap into the benefits of land ownership as well as use the native MNA token ALICE. Another milestone is the bridging of ALICE from Binance Smart Chain, the first bridged asset use on the Chromia Appnet. 🌸 My Neighbor Alice Alpha Season 3 is now LIVE! Join us and explore an array...

Bitcoin’s 30-day correlation with gold is at cycle lows after BTC price action in 2023. BTC has outperformed the precious metal even as its correlation with stocks also fell. Gold traded near $1,928 per ounce while silver price was at $22.94 per ounce on Tuesday morning. Gold continues to hover above $1,900 after its recent breakdown from year-to-date highs above $2,052 per ounce threatened a retreat to February lows. But at $1,928 per ounce, gold is negative in the past 30 days and just over 6% higher in the past six months. Silver prices are also just slightly up at $22.94 per ounce as of writing. However, Silver is down 1.6% in the past 30 days and 3.3% in the red over the past six months. Bitcoin decoupling from gold, silver On-chain data platform Glassnode has   shared fresh details showing Bitcoin price action has continued to decouple from the metals. In 2023, BTC has reached highs of $31,500 and is 14% up in the past 30 days and +85% YTD. The correlation with go...

Polygon (MATIC) traded around $0.66 on Tuesday and Cardano (ADA) hovered above $0.28. Both tokens are to be delisted from Robinhood app after the SEC labelled them securities. MATIC and ADA fell sharply when Robinhood initially announced it would be ending trading support for the tokens. Robinhood will end its support for a number of crypto tokens today, June 27 following an announcement made earlier this month. Among the tokens to be delisted are Polygon (MATIC) and Cardano (ADA) . The prices of both tokens dipped after the crypto trading platform’s initial announcement added to the overall negativity triggered by the US Securities and Exchange Commission (SEC)’s lawsuits against crypto exchanges Binance and Coinbase. What’s the price outlook for the two tokens even as Bitcoin (BTC) bids to hold above the psychological $30k level? Polygon price outlook MATIC price fell 35% over two days when Robinhood announced its delisting on June 9, tanking from near $0.79 to $0.50. Wh...

The Chancer betting platform will allow people to set their own odds. People can also bet on anything on Chancer including betting on a friend completing a certain task. Chancer seeks to compete against traditional bookmakers who bet against participants. Since the US Supreme Court struck down the federal ban on sports betting in 2018, more than 30 states and the District of Columbia have legalized sports betting in one way or the other and 10 other states are expected to do so in the near future. It is not only the United States that has seen an exponential growth in sports betting but a majority of other countries including countries like Kenya in Africa have also witnessed a market boom over the past few years. In 2022, the sports betting market was valued at $83.65 billion and it is projected to surge to 178.68 billion by 2030 according to Polaris Market Research. However, most sports betting platforms operate as bookmakers and set odds against participants. A new entrant, C...

Bitget launched a dedicated website for Turkish users on Monday. Bitget Turkey features a Fiat Gateway that allows using TRY to trade. TokenInsight named it among the top 4 centralised exchanged in Q1. Bitget continues to execute on its commitment to expand globally. On Monday, the crypto exchange formally entered Turkey with a dedicated website – Bitget TR. Turkey is a fast-growing crypto market Its new website aims at offering localized services to the crypto enthusiasts in Turkey. The transcontinental country is rapidly growing in terms of crypto adoption. The launch of Bitget TR enables us to provide localized, convenient, and compliant crypto services to users in Turkey. Last month, Bitget had successfully registered as a Virtual Asset Service Provider (VASP) in Poland ( read more ). TokenInsight names it among the top four centralised exchanges in the first quarter of 2023. Bitget now has a team of 1,300 across more than 60 countries and regions. Bitget TR comes wit...

Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock. Bitcoin ’s correlation with tech stocks has declined sharply over the past few months, more so after the benchmark cryptocurrency’s rally to a new year-to-date price this month. According to an   analysis published by market data research platform Kaiko released today, June 26, BTC has continued to break its correlation with the Nasdaq .  Kaiko researchers note that in June, Bitcoin’s and the Nasdaq 100 trading trajectory diverged to currently sit at just 3% correlation. Bitcoin outperformed Nasdaq 100 in June The falling correlation, according to Kaiko, has been enhanced by the cryptocurrency’s double digit gains in June. In this, BTC outperformed the tech ...

The Chancer presale has raised $357,330.51 since launch. The presale seeks to raise $15 million in twelve stages. The price of the CHANCER token is expected to gradually rise through the twelve stages to $0.021. Top prediction markets tokens including TotemFi (TOTM), Gnosis (GNO), Augur (REP), Polkamarkets (POLK), PlotX (PLOT), and OptionRoom (ROOM) have been trending in the last week. Polkamarkets (POLK) has gained the most at 9.56% in the last seven days, followed by Gnosis (GNO) and PlotX (PLOT) that has gained 9.25% and 6.77% respectively. Well, while the prediction markets tokens are responding to the current bullish crypto market sentiment, a new predictions market token entrant, CHANCER, is making waves since its presale launch. CHANCER’s parent platform is the world’s first decentralized predictive market-making platform that is leveraging blockchain to decentralize betting. The decentralized prediction marker maker trailblazer The new betting platform, Chancer , aims ...