Month: October 2024

Bitcoin is currently trading at a lower price in South Korea despite a broader market rebound across global exchanges. According to data from the crypto market data firm Kaiko, the BTC Kimchi Premium turned negative for the second time since September. Kimchi Premium Turns Negative The bitcoin Kimchi Premium is...

TL;DR Binance’s recent delisting of several tokens led to sharp price drops, with some losing over 40% of their value. In contrast, the company’s support toward specific meme coins has fueled significant price rallies. Heavy Bleeding Binance regularly lists or delists certain cryptocurrencies based on numerous factors such as current...

Ethereum is currently facing a short-squeeze risk as depicted by the rising Estimated Leverage Ratio (ELR) which acts as a crucial indicator of market sentiment. As the ELR has increased over the past few months, it reflects a growing number of traders adopting high-leverage short positions. Ethereum Faces Short-Squeeze Risk...

[PRESS RELEASE – Singapore, Asia, October 23rd, 2024] Users can convert staked ELA and rewards into tradable NFTs, burn them anytime for Bitcoin-secured ELA APY rewards, and claim the staked ELA when the lock period ends. Anyone can stake ELA with a validator and earn 2–3% APR, with higher rewards...

Ripple’s blockchain network, XRP Ledger, has recorded significant on-chain growth over the past month. This signifies investor confidence in the network and its native token, XRP. According to a CryptoQuant QuickTake from analyst Wenry Seoul, XRP saw an increase in automated market maker (AMM) liquidity, decentralized exchange (DEX) transaction volume,...

TL;DR John Deaton, representing numerous XRP investors in Ripple’s lawsuit, is running against current Massachusetts Senator Elizabeth Warren, who is known for her anti-crypto stance. He has gained support from notable crypto figures like Coinbase’s Brian Armstrong and Tesla’s CEO but recent polls show Warren has the better chance of...

[PRESS RELEASE – Grand Cayman, Cayman Islands, October 23rd, 2024] Arttoo will be launching a Real World Asset (RWA) art project built on the Sui blockchain. As a leading force in democratizing art ownership, Arttoo is revolutionizing the fine art market by building the financial infrastructure needed for a decentralized,...

[PRESS RELEASE – Dubai, United Arab Emirates, October 23rd, 2024] Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled Forexigo, an automated trading system designed for the forex market. This forex robot specifically targets trading in Gold (XAUUSD) and the British Pound/US Dollar (GBPUSD) currency pair. Technical...

[PRESS RELEASE – Dubai, United Arab Emirates, October 23rd, 2024] Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled Forexigo, an automated trading system designed for the forex market. This forex robot specifically targets trading in Gold (XAUUSD) and the British Pound/US Dollar (GBPUSD) currency pair. Technical...

Bitcoin’s inability to conquer the $70,000 line has resulted in immediate selling pressure as the asset has dumped below $67,000 in the past few hours. The altcoins are also in the red, and the total crypto market cap has declined to just over $2.4 trillion from the local peak of...