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Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday

April 26, 2023

Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%. Cardano (ADA) Cardano () rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets. Following a…

Crypto Has Evolved From Being Seen as an 'Anti-Establishment Rebellion Asset' Says FCA Executive Director

April 26, 2023

From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the…

Ugandan High Court Rules to Uphold Central Bank's Crypto Prohibition

April 25, 2023

A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s…

Bitcoin, Ethereum Technical Analysis: BTC Falls to $27,000 Ahead of US Consumer Confidence Report

April 25, 2023

Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached a breakout below the $1,800 level. Bitcoin Bitcoin () continued to trade near a one-month low, as markets…

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity

April 25, 2023

On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing…

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

April 25, 2023

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for…

ETH Boston Conference and Hackathon Returns April 28-30 at Boston University

April 25, 2023

PRESS RELEASE. Boston and are thrilled to announce the return of , a conference and hackathon event taking place at Boston University on April 28-30, 2023. The conference will feature three stages of 50+ industry experts, founders, and builders, technology-specific workshops, networking events, and a hackathon. We are excited to bring to you high quality discussions with tracks covering DeFi…

South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

April 25, 2023

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product.

Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors

April 25, 2023

In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of…

Standard Chartered Bank: Crypto Winter Is Over — Bitcoin Could Reach $100K Next Year

April 25, 2023

Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking sector. Standard Chartered Bank on Bitcoin Hitting $100K Global bank Standard Chartered Monday that “crypto…