Bitfinex’s utility token, LEO, stands out from the crowd with positive moves amid the market-wide downturn that suppressed most coins. It saw an 8.69% price increase on the day and added 11.42% over the past seven days, which placed it among the top-gaining coins…
Economists with the International Monetary Fund (IMF) are calling for more proactive measures to manage the risks of crypto as several nations crack down on the industry. In a newreport, IMF’s Western Hemisphere Department division chief Mauricio Villafuerte and economists Rina Bhattacharya and…
The future of Bitcoin is unmatched and its inherent powers to dominate the cryptocurrency industry are flawless, as the future holds on the shoulders of the Giants among other currencies. Even though it has been a difficult 12 months in the past, Micheal…
Crypto markets have enjoyed significant price rallies over the past week. Recent options data raises questions about the sustainability of this rally. This article explains the terms needed to understand this data and what it means. The Crypto markets have enjoyed a significant…
Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin’s (BTC) latest rally above $31,000 is running up against a powerful headwind. McGlone tells his 58,500 Twitter followers that he believes recessionary pressures are coming that could cause Bitcoin to retest the…
Belgium accuses Binance of operating from countries outside of the European Economic Area, which is illegal in the Western European country. Key Takeaways Belgium’s financial authority accused Binance of operating outside of European Economic Area countries, which is illegal in Belgium. Binance will…
On-chain data shows the Bitcoin Spent Output Profit Ratio (SOPR) has bounced back into the profit zone with the latest rally above $30,000. Bitcoin SOPR Has Successfully Retested 1.0 Support Line According to data from the on-chain analytics firm Glassnode, investors are now…
According to a Reuters report, Bankrupt cryptocurrency exchange FTX has filed a lawsuit against K5 Global, an investment firm co-founded by Michael Kives, a former aide to Hillary Clinton. The lawsuit seeks to recover $700 million in investments allegedly made with misappropriated FTX…
Optimism, the Layer 2 network focused on scaling Ethereum applications through the use of Optimistic Rollups, has changed the project’s name to OP Mainnet in a move meant to reflect the objective to create a “superchain” network of many Layer 2 blockchains. “It’s…
