Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns Crypto analyst TheCryptoMann has identified a bullish formation in the United States Dollar Index (DXY), which measures the value of the dollar against major currencies. In the past, a rise in the DXY has signaled a bull rally in the crypto market. The … Read more
Crypto synthetic assets, explained Crypto synthetic assets are blockchain-based financial instruments that simulate the value and behavior of real-world assets or financial instruments. These digital assets are created using complex financial derivatives and smart contracts on decentralized finance (DeFi) platforms. They offer advantages such as increased accessibility, liquidity, and programmability. Types of crypto synthetic assets … Read more
Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million A report from Chainalysis has found that the majority of cryptocurrency transactions in the United Arab Emirates (UAE) exceeding $1 million from July 2022 to June 2023 were made by institutional investors. These institutional investments accounted for over 67% of crypto transactions in … Read more
Analyst Presents 4 Charts That Prove Crypto Is Not Dead Despite recent declines and regulatory pressures, the crypto industry is still experiencing growth in adoption. A chart report by DeFi Researcher Thor Hartvigsen reveals four key trends. One chart shows an increase in daily wallets for Ethereum and Layer 2 users. Another shows a surge … Read more
Why This Bank CEO Wants 99% Of The Crypto Industry Gone Caitlin Long, Founder and CEO of Custodia Bank, believes that 99% of the crypto industry should be eliminated to reduce leverage and improve the industry’s future. In an interview, Long compared the current state of the crypto industry to the tech stock bubble of … Read more
What are Bollinger Bands, and how to use them in crypto trading? Bollinger Bands are a technical analysis tool used in trading to assess price volatility and identify entry and exit points. They consist of three bands: the upper band, middle band (simple moving average), and lower band. Traders use Bollinger Bands to evaluate price … Read more
Top US Crypto Exchange Coinbase Adds Trading Support for New Under-the-Radar Layer-1 Project Coinbase, the leading US cryptocurrency exchange, has added support for the native token of Vara Network (VARA), a layer-1 project focused on next-gen gaming and financial applications. Vara Network recently launched its mainnet and is built on the Gear Protocol. Coinbase listed … Read more
Crypto exchange Bybit will suspend its services in the UK starting from October 1, in response to new regulations imposed by the Financial Conduct Authority (FCA). The company stated that it is proactively embracing the regulation by pausing its services in the UK. In another development, Binance Holdings, its US counterpart, and CEO Changpeng Zhao … Read more
New Reports Shows How Much Capital Was Pulled Out Of Crypto In August According to a report by Bitfinex, the crypto market experienced a capital outflow of around $55 billion in August. This is the largest capital drain this year, with most of it coming from two isolated events, including a flash crash that caused … Read more
How Much Crypto Has Been Lost In The CoinEx Hack So Far Centralized crypto exchange CoinEx was hacked, resulting in the theft of $55.5 million worth of cryptocurrency, double the initial estimates. The stolen funds were spread across various tokens including Ethereum, Bitcoin, XRP, Tron, Binance Coin, and more. CoinEx has promised to compensate affected … Read more
