Coingape: USDT Supply Ratio On Crypto Exchanges Spikes Exponentially, Here’s What It Means?
Wednesday, 10 August 2022 12:12
The USDT supply ratio on crypto exchanges witnessed a massive surge in three months. The space observed this development amidst two significant stages of the crypto markets from May to late-July. Such stages as the period of the coldest touch of the Crypto Winter, and the slight…
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Coingape: Breaking: Terra-LUNA Investors To Get Their Money Back
Wednesday, 10 August 2022 12:25
South Korean crypto exchanges Upbit and Korbit had promised to return transaction fees earned during the Terra-LUNA crisis as compensation to investors. However, the promise seems to be fading with no plans implemented yet by the crypto exchanges or an expert committee, an inquiry revealed. After the…
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Coingape: Iran Just Concluded First Official Forieng Trade Using Crypto; Should U.S. Worry?
Wednesday, 10 August 2022 12:25
Iran’s foreign trade embargo is adversely affecting the Middle Eastern country’s economy. The ban has paralyzed the country for over 4 decades, as it actively explores avenues to circumvent it. Iran just recently turned to cryptocurrencies, executing its first official foreign trade transaction worth millions of dollars.…
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Coingape: Twitter Stock Rises As Elon Musk Sells Tesla Shares, Here’s Why
Wednesday, 10 August 2022 12:43
Twitter shares are up by close to 5% in the pre-market The reaction is likely due to the news that Elon Musk has sold 7.92 million shares of Tesla. The total value of the sold shares is close to $7 billion. The sale took place between August…
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Coingape: Bitcoin, Ethereum Skyrockets As CPI Data Shows Cooling Economy
Wednesday, 10 August 2022 13:12
U.S. Bureau of Labor Statistics issued the most awaited Consumer Price Index (CPI) data for the month of July. The positive CPI data has left the biggest crypto green. Bitcoin (BTC) and Ethereum (EHT) both have jumped by over 3%. Bitcoin surges over positive CPI The price…
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cryptodaily.co.uk: Is Play-To-Earn Dead?
Wednesday, 10 August 2022 13:15
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and…
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Coingape: JPMorgan Believes Bottom Is In For Crypto Market: Details
Wednesday, 10 August 2022 13:17
JPMorgan Chase appears to be rooting for cryptocurrencies of late despite Chairman Jamie Dimon’s past records of BTC criticism. The crypto markets are currently experiencing a rejection following a relief rally that lasted for a few days. Amidst the current market uncertainties, JPMorgan argues that the markets…
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Coingape: SOL Price Analysis: Pattern Breakout May Relieve SOL From Range Rally
Wednesday, 10 August 2022 14:19
The Solana (SOL) price has resonated within a symmetrical triangle pattern for nearly a month. The price action close to the pattern’s apex may soon give a breakout opportunity. A bullish breakout from this resistance would resume the recovery rally with the expected target at $47.2. However,…
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cryptodaily.co.uk: Vitalik Buterin Defends Tornado Cash Use Cases Amid U.S. Sanctions
Wednesday, 10 August 2022 14:30
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder and alpha developer Vitalik Buterin opined on the matter, defending the platform's use case for legitimate contexts. According to Buterin, Tornado Cash is an example of a platform that can be used…
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Coingape: Altcoin Bull Run Upcoming? Inflation Data Rejuvenates Hope In Crypto Community
Wednesday, 10 August 2022 14:55
With positive data coming on CPI data for July, the market responded bullishly giving signs of an altcoin bull run. Data showed that consumer prices grew 8.50% in July year on year, below expectations of 8.70%. The Consumer Price Index (CPI) data led to a bullish environment…
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