Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting. Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority...Continue Reading

The former JPMorgan executive shared how he learned to love crypto and why the Kadena is not letting go of its firm embrace of proof of work. When taking its blockchain public, “there was an adjustment period where we had to learn to love crypto,” Kadena founder and CEO Stuart Popejoy said. The admission sounded...Continue Reading

Trademark applications filed this year covered various disparate sectors. This year saw an influx of trademark applications filed by various companies looking to get in on the Web3 action. By November, a total number of 4999 US trademark applications had been filed for cryptocurrencies and digital related goods/services — this according to USPTO licensed trademark...Continue Reading

According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.” Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities. In its annual...Continue Reading

The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Industry experts are confident in DeFi and believe the...Continue Reading

The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending...Continue Reading

Ethereum price is down today and a growing list of challenges could continue to weigh on ETH price for the foreseeable future. Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The...Continue Reading

According to lawyers representing FTX’s provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”. A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first. In a...Continue Reading

Binance Coin “has nothing but air below it,” one analyst warns as BTC price action goes from bad to worse. Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below...Continue Reading

The team said that authority over the automated market maker and farm programs have been paused, “for now.” Solana DeFi protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team has revealed that the attacker has taken over the exchange’s owner account. The team says that...Continue Reading