Revolut, the popular financial technology company, has recently announced a temporary halt to its cryptocurrency trading services for its business clients in the U.K. This move comes in anticipation of regulatory modifications that are set to be implemented in early 2024. Throughout this article, we will analyze Revolut’s decision, the new regulations, and the implications
Cardano (ADA), one of the top cryptocurrencies in the market, is facing a bearish near-term outlook according to an analyst behind the Austin Hilton YouTube channel. In a recent video update, the analyst outlined the potential for Cardano’s price to decline based on an Elliot Wave analysis. The market weakness seen in Bitcoin is believed
The gaming industry has seen a surge in uninspiring titles, leaving players longing for innovative and captivating experiences. Many games, whether on PC or mobile, have fallen into a monotonous pattern, leading to feelings of boredom among gamers. However, amidst this sea of mundanity, a new game has emerged to disrupt the ordinary gaming trend.
Bitcoin has had an incredible run this year, with its price skyrocketing by approximately 150% since the beginning of the year. This remarkable performance has led experts and analysts to ponder whether the cryptocurrency has the potential to reach the elusive mark of $100,000. One analyst, DonAlt, who is known for his popular YouTube channel
Decentralized exchanges (DEX) on the Solana blockchain recently achieved a significant milestone by surpassing Ethereum in trading volume. On December 16, the trading volume of DEXs on Solana reached $1.536 billion, exceeding Ethereum’s $1.164 billion during the same period. This development showcases the rapid growth and widespread adoption of Solana’s decentralized finance (DeFi) ecosystem. It
Shiba Inu (SHIB) has been facing a struggling performance recently, with the price falling -11% after being rejected from upper trendline resistance. This has left some bag-holders wondering if SHIB is going to zero. Adding to the uncertainty, large amounts of SHIB have been moving on-chain, with a massive 4.2 trillion SHIB being transferred between
The amended Chapter 11 reorganization plan filed by FTX Debtors on December 16 has raised concerns among the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy. However, during the days leading up to the FTX collapse, the crypto
FTX Debtors have recently submitted an amended Chapter 11 reorganization plan, prompting concerns over potential massive losses for the defunct cryptocurrency exchange’s creditors. The plan outlines the valuation of creditors’ claims based on cryptocurrency prices from November 11, 2022, the date of FTX’s bankruptcy petition. However, this valuation fails to consider the wild fluctuations and
Cryptocurrency markets have been on a recent surge, and this trend is not limited to just traditional centralized exchanges (CEX). The realm of decentralized finance (DeFi) has also experienced a spill-over effect. Historically, decentralized exchanges (DEX) have had lower trading volumes compared to their centralized counterparts. However, the recent market rally has led to increased
The cryptocurrency market experienced a 3% decline in global market cap this week, resulting in a $50 billion loss in valuation. While the overall market trended downwards, three cryptocurrencies, namely XRP, Cardano (ADA), and Shiba Inu (SHIB), garnered attention with their mixed price actions. XRP, the native crypto token of the Ripple network, failed to
