In Brief A class-action lawsuit is filed against Coinbase over unregistered securities. Plaintiffs allege that Coinbase knowingly violated California securities laws. The lawsuit follows regulatory scrutiny and previous legal action from the SEC. A group of investors has filed a class-action lawsuit against Coinbase, the popular US-based cryptocurrency exchange. They allege that the company has…
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In Brief Shiba Inu’s price is stuck within a downtrend despite multiple fakeouts noted in the past two months. SHIB whales have been exhibiting skepticism since the beginning of March, which is evident in their selling. The meme coin is following Bitcoin’s footsteps and could potentially end up being a victim of corrections. Shiba Inu (SHIB) is…
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In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief Paolo Ardoino denies Bitfinex hack, citing data mismatch. Only 5,000 of 22,500 emails match Bitfinex accounts. The crypto exchange continues robust security review. Bitfinex CTO Paolo Ardoino has confidently dismissed claims of a security breach at the cryptocurrency exchange. Ardoino’s clarification comes after rumors circulated about a potential database leak involving 22,500 records of emails…
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In Brief Solana’s price is currently in a descending wedge, and investors are anticipating a breakout. Price indicators suggest SOL’s bullish momentum could persist over the next few trading sessions. The P/S ratio highlights that despite the growth in revenue, SOL is still highly undervalued. Solana’s (SOL) price is on the brink of breaking out of…
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In Brief XRP’s non-empty wallets up 7%, total 5.2 million wallets. Uniswap wallet addresses grow 140% to 7.26 million in a year. Both projects show rising investor interest, market activity. XRP and Uniswap have demonstrated a considerable increase in the number of new addresses. This growth reflects heightened investor interest and expanding market activity. XRP…
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In Brief Pension funds eye Bitcoin ETFs after Fidelity’s launch. Major shift as institutions warm to crypto investments. Bitcoin’s mainstream acceptance could grow significantly. The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments…
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XYO, a company pioneering technology to improve data validity and user control, has taken a significant step towards a more empowered digital future. On 1st May 2024, they launched the beta version of xyOS, a groundbreaking operating system designed to simplify blockchain interaction and put you back in charge of your digital life. With this innovative development, XYO aims…
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In Brief Yuga Labs partners with Somnia to enhance Otherside metaverse’s interoperability. Somnia’s L1 blockchain to boost Yuga NFTs’ functionality and user incentives. New partnership allows consistent avatar use across metaverse experiences. Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically…
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In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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