Author: Godfrey Benjamin
The crypto market saw its most intense drawdown this year in the third quarter. Bitcoin (BTC), the industry’s flagship asset, saw its price drop as low as $52,598.70. BTC fell by more than 8% for August, extending a bearish trend into September. While the outlook for Bitcoin is bearish, many altcoins have not fared better either. Ethereum (ETH), for instance, fell to a low of $2,150.86, atop a 7.67% slump in the past 30 days. With the market outlook bearish, whether this trend will continue this month remains to be seen. There are indices to judge whether a rebound is…
Tron founder Justin Sun took to X to reveal the latest crypto win recorded by American entrepreneur Warren Buffet. According to Sun, the CEO of Berkshire Hathaway held the Tron (TRX) for more than 4 years. In that time, TRX gained 1000% with a daily return of 0.6%, making Buffett more than 10x richer than when he first made the investment. Justin Sun’s Relationship With Warren Buffett Now known as a major promoter of Sun Pump, Justin Sun seized the opportunity to highlight that holding crypto is “the only way to win.” Much more, he believes that staking the TRX…
American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution. zkSync Crypto Awaits Coinbase Verdict Noteworthy, traders and investors are not allowed to transfer and trade any asset under consideration on Coinbase. Also, getting on the list is no assurance that a token will eventually get listed. In fact, a Coinbase blog post noted that an asset could face delays or removed from consideration for listing for any number…
Coinbase stock has plunged by 3% as its lawsuit with the United States Securities and Exchange Commission (SEC) took a new twist recently. Judge Katherine Polk Failla sided with the regulator in a new ruling. While the win does not mean an end to the lawsuit, it has triggered a bearish switch with the firm’s investors as showcased in its stock price. Coinbase Stock Plunges Following New Ruling As reported earlier, the exchange has requested relief from the court with respect to the release of some key documents relating to the case. As CLO Paul Grewal explained following an earlier…
The Cardano ecosystem has continued to make headlines in what might ultimately trigger ADA price breakout. Since it entered the Voltaire era on September 1, the Proof-of-Stake (PoS) protocol has waded through key adjustments with impact on its native token valuation. While the broader market has triggered a sustained drawdown, current Cardano ecosystem trends might force ADA price to chart its own path soon. Cardano GovTool Goes Live on Mainnet According to an X post from Intersect, one of the ecosystem’s member-based organizations, the GovTool is live on mainnet. With the Chang hard fork upgrade, the full switch to community…
As the US Presidential election is fast approaching, the top candidates Donald Trump and Kamala Harris are making their position about Bitcoin known. Speaking at the Economic Club of New York Event, former President Trump has once again set a new Bitcoin goal should he win the election. Donald Trump, Bitcoin and The United States In this current administration, the crypto ecosystem has taken a severe beating. In what many call regulation by enforcement approach, many firms are facing lawsuits from the US Securities and Exchange Commission (SEC). Those not sued like OpenSea have received Wells Notice from the regulator.…
Cardano Founder Charles Hoskinson has finally responded to some in the community who wants the protocol to adopt a burn mechanism for Treasury assets. While the tech innovator has always maintained an anti-burn stance, this latest take comes following the transition to the Voltaire Era. Will Community Prevail in Cardano Burn Demand? In communicating his stance, the Cardano Founder dismissed the prospects of burning ADA or funds in Treasury. He buttressed his point noting that the treasury did not come from some “preprinted tokens” that came out of nowhere. He enlightened the community, saying the funds were aggregated from a…
A crypto move from DNC presidential candidate Kamala Harris, has left many wondering if she is now pro-crypto like her Republican opponent Donald Trump. On Wednesday, Coinbase’s Chief Financial Officer Alesia Haas announced that the politician is now receiving crypto donations through the American cryptocurrency exchange. Kamala Harris Follows Trump’s Crypto Path As reported by Fortune, Haas disclosed this information in a discussion with Citigroup’s payments Director Peter Christiansen at the 2024 Global TMT Conference in New York. This latest development is a crucial pivot for Kamala Harris and could strengthen her ballot box count in the upcoming election. According…
The long-awaited migration of MATIC to POL has finally gone live as earlier scheduled by the Polygon team. The Layer-2 protocol announced the milestone on X. It noted that its teams spent a whole year of community-led discussions and consensus regarding the migration. The Polygon Hyperproductive POL Token On July 18, Polygon Labs made an official announcement stating that the MATIC to POL upgrade will go live on September 4. The team completed the community-driven upgrade today. Following the successful migration, every transaction on Polygon Proof-of-Stake (PoS) will use the hyperproductive POL token as the native gas and staking token.…
Binance Exchange has made a crucial move toward its account transparency with the onboarding of Grant Thornton. The partnership between the duo will see the latter act as the official accounting and tax partner for the former. This move marks a new way to ascertain its commitment toward regulatory compliance. The Binance Smart Move With Grant Thornton Binance is regarded as the biggest trading platform in the crypto world. With its massive reach, so also has there been criticism of its finances. Onboarding the Singapore arm of the top UK accounting firm might help loosen the obscurity surrounding its operational…