In the intricate dance of global finance, traditional economic indicators and the burgeoning Bitcoin and crypto market are becoming increasingly intertwined. Recent macroeconomic data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and other cryptocurrencies. The recent macro data from the US paints a clear picture of a
GMX, a decentralized perpetual exchange, burst onto the scene in September 2021, capturing the attention of the DeFi community. What set GMX apart was its launch on Arbitrum, which marked a significant milestone for the DeFi space. The platform’s unique features, such as being the first DEX and perpetual market on the Arbitrum ecosystem, along
In a surprising move, the social media giant X, formerly known as Twitter, has made a groundbreaking announcement. X has obtained a regulatory license that allows it to process cryptocurrency payments in the United States. This new development marks a significant shift in the platform’s focus and opens up a world of possibilities for its
After a recent legal victory against the US Securities and Exchange Commission (SEC), Ripple’s XRP experienced a decline in value. However, the cryptocurrency has shown resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation zone. This renewed stability has sparked optimism among bullish investors, indicating a potential rebound for XRP.
The Securities and Exchange Commission (SEC) Chairman Gary Gensler is facing mounting criticism and scrutiny from lawmakers, particularly Republicans, regarding his approach to digital asset regulation. Scheduled to testify before Congress twice in September, Gensler’s comments and actions have sparked a heated debate surrounding the need for clear regulatory guidelines for digital assets in the
Sui Network’s attempted recovery rally seems to be faltering, causing concern among investors. After hitting lower trendline support on August 17, the price of SUI surged by 40% over the course of seven days, reaching a local high of $0.60 and reclaiming the 20DMA. However, despite the growth and development of the new layer-1 Sui
In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried expressed concern over their client’s lack of access to evidence against him. According to lawyers Mark Cohen and Christian Everdell, this lack of access violates Bankman-Fried’s constitutional rights and highlights the urgent need for his temporary release before
U.S. prosecutors have recently responded to accusations made by Sam Bankman-Fried, the former CEO of FTX, and his legal team, in a filing dated Aug. 29. Bankman-Fried and his team had expressed their objections to the government’s decision to provide them with a large amount of discovery materials just weeks before the trial was set
Decred’s latest release of Bison Relay, version 0.1.8, marks a significant milestone in reshaping the landscape of decentralized e-commerce. This groundbreaking platform, often compared to a decentralized version of “Shopify,” empowers users and revolutionizes online retail dynamics. The update introduces innovative features like client-side filtering, enhanced client backups, and the introduction of pages. By embracing
In a significant move towards its goal of incorporating cryptocurrencies into its services, X, formerly known as Twitter, has recently obtained a currency transmitter license in Rhode Island. This development showcases a critical step for X as it aims to transform itself into an all-encompassing “everything app” similar to China’s WeChat. Under the leadership of
