Cryptocurrency

Here’s why ApeCoin, Zilliqa, Sei, Sui, Solana prices are sinking
August 18, 2023 12:30 PM AEST| By InvezzCryptocurrency prices were in the red on Friday morning as concerns as a sense of fear spread in the market. Bitcoin plunged below the important support at $28,000 and reached a multi-month low of $26,000. Most altcoins, including ApeCoin, Zilliqa, Bitcoin Cash, Sui, and Solana also plunged. SEI, Zilliqa, Solana prices China risks remain Cryptocurrencies […] The post Here’s why ApeCoin, Zilliqa, Sei, Sui, Solana prices are sinking appeared first on Invezz.

Bitcoin hits lowest price since April – what are analysts saying?
August 18, 2023 05:04 AM AEST| By InvezzBitcoin’s dip below $28,000 on Thursday has the top cryptocurrency staring at further rot that could see it drop to lows of $25,000. Crypto analyst Rekt Capital says this happened in April/early May when prices fell from the supply wall around $29.2k to retest the $25k zone. The analyst predicts a double top pattern if […] The post Bitcoin hits lowest price since April – what are analysts saying? appeared first on Invezz.

Tether ends USDT support for OmniLayer, Kusama and BCH-SLP
August 18, 2023 01:53 AM AEST| By InvezzTether, the issuer of $82 billion market cap stablecoin USDT, has announced that it will discontinue support for three blockchains as part of a strategic transition aimed at meeting community demand and fostering innovation. An announcement the company published on Thursday notes that minting and issuing of the world’s largest USD-pegged stablecoin will stop for […] The post Tether ends USDT support for OmniLayer, Kusama and BCH-SLP appeared first on Invezz.

SHIB and BONE prices fall hard following Shibarium mainnet release – here’s why
August 17, 2023 07:55 PM AEST| By InvezzShiba Inu‘s ecosystem encounters negativity after its highly-awaited layer2 Shibarium platform stopped producing blocks again. The network has experienced some issues on its debut, and developers are working to recover stuck cryptocurrency tokens and solve the blockchain’s problems. Whales continuously dump SHIB and BONE Whales and traders responded to Shibarium’s block production issues by selling […] The post SHIB and BONE prices fall hard following Shibarium mainnet release – here’s why appeared first on Invezz.

Bullish investors see opportunity in Shiba Memu as crowd bets against markets
August 17, 2023 07:40 PM AEST| By InvezzCrypto markets’ continued uncertainty has traders increasingly bearish. The total crypto market capitalization is down nearly 2% in the past 24 hours to $1.18 trillion. The Fed’s interest rate outlook as hinted in minutes released Wednesday hasn’t helped stocks either. It’s a trend that sees Bitcoin down 3% in the past week and currently hovering […] The post Bullish investors see opportunity in Shiba Memu as crowd bets against markets appeared first on Invezz.

Bitcoin (BTC) outlook as FOMC minutes signal possible interest rates pause in 2023
August 17, 2023 06:16 AM AEST| By InvezzBitcoin price responded to July 2023 Federal Open Market Committee’s (FOMC) meeting minutes with a slight uptick. Federal officials believe further tightening could be essential as inflation fears might exceed expectations. Potential rate pause in 2023 The Fed staff trusts inflation pressure might trigger supply shock in the US. Furthermore, the minutes indicated that the […] The post Bitcoin (BTC) outlook as FOMC minutes signal possible interest rates pause in 2023 appeared first on Invezz.

Bitcoin outlook as FOMC minutes signal interest rates pause in 2023
August 17, 2023 06:16 AM AEST| By InvezzBitcoin price responded to July 2023 Federal Open Market Committee’s (FOMC) meeting minutes with a slight uptick. Federal officials believe further tightening could be essential as inflation fears might exceed expectations. Meanwhile, market participants expect the Federal Reserve to pause rate hikes this year. Potential rate pause in 2023 Still no significant expectation of another […]

CBI signs strategic deal with Cardiff City FC to advance “Football at AplhaVerse”
August 17, 2023 03:54 AM AEST| By InvezzA leading tech firm Crypto Blockchain Industries (CBI), has revealed a strategic collaboration with United Kingdom’s football club Cardiff City FC. CBI is a French company specializing in video games and projects related to cryptocurrencies, non-fungible tokens (NFTs), and blockchain. Introducing unparalleled experiences for football fans The partnership aims to create an exclusive digital world […] The post CBI signs strategic deal with Cardiff City FC to advance “Football at AplhaVerse” appeared first on Invezz.

Riot Platforms stock price could slip by 20% as BTC double tops
August 17, 2023 03:26 AM AEST| By InvezzRiot Platforms (NASDAQ: RIOT) stock price continued its downward trend as Bitcoin formed a dangerous pattern. The shares plunged to a low of $13 on Wednesday, the lowest level since July 5th. It has dropped by more than 36% from its highest level this year. Bitcoin double-tops Riot Platforms, Marathon Digital, Hut 8 Mining and […] The post Riot Platforms stock price could slip by 20% as BTC double tops appeared first on Invezz.

Coinbase approved to offer Bitcoin futures trading in the US
August 16, 2023 10:13 PM AEST| By InvezzCoinbase has received approval to offer Bitcoin and crypto futures to investors in the US. Approval means Coinbase’s US customers now have access to federally-regulated crypto futures trading, according to details the cryptocurrency exchange shared early today. Coinbase receives NFA approval Coinbase applied for approval from the National Futures Association (NFA), a Commodity Futures Trading […]

PayPal halting UK cryptocurrency purchases
August 16, 2023 09:54 PM AEST| By InvezzWith an anticipated return in early 2024, PayPal (NASDAQ: PYPL) has announced that it will temporarily halt crypto purchasing services in the UK starting on October 1, 2023. The move was made in response to new regulatory demands made by the UK Financial Conduct Authority (FCA), as explained in an email sent to a limited […] The post PayPal halting UK cryptocurrency purchases appeared first on Invezz.

Little League World Series 2023 starts today as Chancer presale nears $1.4M
August 16, 2023 06:20 PM AEST| By InvezzThe 2023 Little League World Series, a youth baseball tournament, kicks off today and it is scheduled to wrap up on August 27 at the Little League headquarters complex in South Williamsport, Pennsylvania. The tournament will see ten teams from the United States and ten teams from other countries compete in the 76th edition of […] The post Little League World Series 2023 starts today as Chancer presale nears $1.4M appeared first on Invezz.

Ethereum volatility dips below Bitcoin as crypto markets snooze
August 16, 2023 12:48 AM AEST| By InvezzA lot has been made recently of the relatively placid Bitcoin price. Circling around the $30,000 level for the best part of five months, the asset, well known for its extreme volatility, has been uncharacteristically steady. Looking at implied volatility from the options market, we are currently at all-time low levels. And it’s not just […] The post Ethereum volatility dips below Bitcoin as crypto markets snooze appeared first on Invezz.

Bitcoin may be about to breakout: what it may mean for Shiba Memu (SHMU)
August 16, 2023 12:43 AM AEST| By InvezzBitcoin has struggled around the $30,000 level in recent weeks but a notable crypto analyst says it’s at the verge of a breakout. Bitcoin could soon surpass the $42,000 level Jason Pizzino is convinced that the world’s largest cryptocurrency is no longer in the bear market. He’s against announcing overly aggressive price objectives but expects […] The post Bitcoin may be about to breakout: what it may mean for Shiba Memu (SHMU) appeared first on Invezz.

Dasset crypto exchange starts voluntary liquidation, clients can’t access funds
August 15, 2023 08:35 PM AEST| By InvezzThe initiation of liquidation has prevented customers of the crypto exchange Dasset, which is headquartered in Auckland, New Zealand, from accessing their money. According to a local publication, some customers have been making fruitless withdrawal requests for months. The company’s CEO, Stephen Macaskill, told reporters that after its previous banking partner quit collaborating with the […] The post Dasset crypto exchange starts voluntary liquidation, clients can’t access funds appeared first on Invezz.

Dubai unveils specialized commercial licenses to attract AI & Web3 enterprises
August 15, 2023 07:15 PM AEST| By InvezzDubai continues with its plan to build a leading cluster of tech firms in the Middle East & North Africa. Meanwhile, the Dubai AI & Web 3.0 Campus has introduced specialized commercial certificates for web3 and artificial intelligence enterprises at a 90% subsidy. Dubai attracts AI and Web3 firms with 90% subsidized certificates Dubai has […] The post Dubai unveils specialized commercial licenses to attract AI & Web3 enterprises appeared first on Invezz.

Singapore introduces visionary regulatory framework to boost stablecoins’ stability
August 15, 2023 06:02 PM AEST| By InvezzThe Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new regulations would apply to issuers of single-currency stablecoins tied to the Singapore Dollar or fiat of G10 nations, with circulation surpassing $5 million. Introducing MAS-regulated […] The post Singapore introduces visionary regulatory framework to boost stablecoins’ stability appeared first on Invezz.

Disappointing Q2 earnings send shares of Bitcoin Miner Hut 8 plummeting
August 15, 2023 05:27 AM AEST| By InvezzFollowing the release of disappointing Q2 earnings results, Hut 8 (TSX: HUT), a Toronto-based Bitcoin mining company, had its shares drop 8% on Monday. The company reported that it mined 399 BTC during the quarter that ended on June 30; a decrease of 58% from the same time last year. This caused the Bitcoin mining […] The post Disappointing Q2 earnings send shares of Bitcoin Miner Hut 8 plummeting appeared first on Invezz.

Coinbase expands into Canada with key partnership
August 15, 2023 12:25 AM AEST| By InvezzCoinbase has expanded its crypto offerings for the Canadian market as part of the crypto exchange’s international expansion efforts. According to a Monday August 14 announcement, Coinbase’s entry into Canada is via a partnership with Peoples Trust Company. All Coinbase users in the country will have access to free and instant deposits via Interac e-transfers, […]

FedNow adds Hedera Hashgraph-powered Dropp to support instant transactions
August 14, 2023 08:18 PM AEST| By InvezzThe Federal Reserve’s FedNow has listed Dropp, a micropayments platform based on Hedera Hashgraph, as a service provider. Hedera’s native token HBAR soared over 16% following the integration. Dropp supports small-value transactions in HBAR, USDC, and USD. The United States Federal Reserve launched FedNow Services in July to support instant transactions (read more). Users can […] The post FedNow adds Hedera Hashgraph-powered Dropp to support instant transactions appeared first on Invezz.

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