ADA price has seen sharp recoveries during bear markets in the past with many turning out to be bull traps. Cardano (ADA) price climbed from $0.48 on May 30 to as high as $0.68 on May 31—a 45% rally in less than 48 hours. But ADA/USD failed to extend its rally further upward and dropped by...Continue Reading

Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims. The crypto winter has emotions running high. Kraken CEO Jesse Powell came under fire for his defense of listing the new LUNA, also known as LUNA 2.0, which seeks to bring the original LUNA — now...Continue Reading

A look back on the week that was the World Economic Forum and how crypto might have stolen the show. The spectacle that is the World Economic Forum (WEF) came to a close in Davos, Switzerland on Friday, May 27. Nearly 3,000 people from over 110 countries took planes, trains and helicopters to the highest...Continue Reading

FTX has sought to integrate brokerage services internally to fulfill trades automatically, however, CFTC has called for greater scrutiny of the demand as it would lead to a monopoly of big players. Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into...Continue Reading

Harvard lecturer Bruce Schneier said in a report that blockchain is not secure and not really decentralized. Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts.  Bruce Schneier, a lecturer at Harvard, reportedly said that blockchain advocates’s claims are “not true.” He added that the technology is not secure...Continue Reading

Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services. Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry. The banking institution has rolled out...Continue Reading

Bitcoin right now is a no-brainer investment for willing buyers, argues CryptoQuant contributor. Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims. In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecasted 2022 as Bitcoin’s year to “capitulate.” Bitcoin...Continue Reading

Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its...Continue Reading

Crypto turnover in the first quarter of 2022 has skyrocketed by 93%, according to the quarterly report of Capital.com. The Ether (ETH) to the United States dollar (USD) pair has pulled the biggest number of traders from January to March 2022, according to trading platform Capital.com.  In its quarterly report, Capital.com noted that in 2021,...Continue Reading

Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and...Continue Reading