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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Cash (BCH), a lesser-known digital asset that emerged as a spin-off from the original Bitcoin, has experienced a remarkable surge in the market recently. Unlike its struggles since its launch in 2017, BCH has gained significant traction this month, skyrocketing by 98% from $113 to $224. Bitcoin Cash Surges Amidst Market Momentum and EDX Integration Amidst a period of positive market momentum, Bitcoin Cash (BCH) has emerged as a standout performer, surpassing other cryptocurrencies. The remarkable surge in BCH’s value can be linked to its recent integration into EDX Markets, a newly established cryptocurrency exchange backed by notable Wall Street participants such as Charles Schwab, Citadel Securities, and Fidelity Digital Assets. As the result of EDX exclusively including four crypto assets, which includes Bitcoin Cash, BCH has experienced major tailwinds in the current market. EDX enables...

Dan Gambardello predicted that ADA could rise 15% in the coming few days. The analyst’s forecast follows SOL’s gain in the past 24 hours, which he believes will be replicated by ADA. At press time, ADA was trading at $0.2824 after it gained 3.97% over the past 24 hours. The crypto trader and analyst Dan Gambardello predicted that Cardano (ADA) may experience a 15% move in the coming days. In his latest Analysis , he noted that Solana (SOL) is retesting a key resistance level at $18.83. Should SOL’s price continue to rise, the analyst believes that ADA will soon follow suit. If ADA’s price rises in the coming few days, Gambardello speculated that it may make a move towards the $0.32 resistance level, which he noted is a strong barrier that the altcoin will have to overcome. Furthermore, a break above $0.35 will be a big confirmation of a bullish breakout, according to the analyst. On the other hand, if SOL’s price is rejected by the aforementioned $18.83 mark, t...

Coinbase has asked the court to dismiss the lawsuit filed against the company by the US Securities and Exchange Commission (SEC), stating that the tokens mentioned in the lawsuit are not “investment contracts” and therefore do not qualify as crypto asset securities.  Coinbase refutes the SEC label of digital assets on its platform  U.S. crypto exchange giant Coinbase filed a 177-page response to the SEC’s complaint on June 28, stating that the SEC lacked the regulatory power to oversee digital assets. In June, the SEC sued Coinbase for operating as an unregistered broker, national securities exchange, and clearing agency. The lawsuit also mentioned Coinbase’s staking program along with 13 tokens including DASH, NEXO, FLOW, SOL, and ADA, labeling them as securities .  You might also like: Sen. Cynthia Lummis lambasts SEC over enforcement actions against Coinbase Meanwhile, the document claimed that Coinbase’s business remains ...

Join Our Telegram channel to stay up to date on breaking news coverage Waves, Compound, and Aave are some of the DeFi ventures you might want to buy in 2023 to get into while it is still in its early stages of development. Each brings its own distinct advantages to the overall ecosystem of decentralized finance and frequently generates incredible gains during bull markets. Waves (WAVES) Waves (WAVES) is the native currency of the Waves crypto ecosystem and the currency that is used to make most transactions. The Waves blockchain receives its security from the WAVES token, which also serves as the fuel that drives the Waves decentralized exchange, also known as the Waves DEX. The Waves DEX, on the other hand, is responsible for the operation and maintenance of the Neutrino protocol. Neutrino is a multi-asset, crypto-collateralized toolset that enables the tokenization of real-world, off-chain resources. The WAVES coin and those who own it are granted authority over the Waves...

Join Our Telegram channel to stay up to date on breaking news coverage In a setback to its ongoing recovery, FTX, a cryptocurrency exchange that sought bankruptcy protection in the past year has faced a new obstacle. Insider sources have revealed that the planned sale of its stake in Anthropic, an artificial intelligence startup, has been unexpectedly halted. FTX Faces Setback as Sale of Anthropic Stake Is Halted This pause comes after an extended period during which potential buyers were thoroughly examining confidential details related to the Anthropic stake. FTX had anticipated a significant financial gain, with estimates reaching the “ nine figures ,” from the sale of this stake. Anthropic, founded in 2021 by former employees of OpenAI, has gained significant attention in the AI industry. In May, the company announced a successful fundraising round of $450 million to further develop its AI bot called Claude. Anthropic’s impressive advancements and the bo...

The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption. Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3. The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development, in addition to a focus on bridging real-world assets with the Web3 ecosystem. Sota Watanabe, the CEO of Startale Labs, told Cointelegraph that partnering with Sony allows a new Web3 startup like itself to “learn and leverage” many things. Commenting on their all-in-one sol...

During the last bull market, i.e. from the 2020 bottom to the 2021’s bull peak, Cardano outperformed both Bitcoin and Ethereum. A recent Jarvis Labs’ newsletter pointed out that ADA “more than tripled” ETH’s performance in the last cycle. Parallelly, it outperformed BTC by “a factor of ten.” Specifically, the assets rallied by 17,469%, 5,560%, and 1,724% respectively. However, since the onset of the bear market, Cardano’s performance has only worsened. With the asset down by almost 91% from its bull peak, investors have been losing hope. So, is it indeed game over for ADA? Flipside: Cardano and its ‘impressive’ show On the on-chain front, there are quite a few positive takeaways that show that Cardano’s heart is still beating. Take the case of the TVL itself. In USD terms, the value of all the funds locked in the ecosystem is over 50% of what it was at the peak [$326 million in March ’22 vs. $154 million now]. Such is the case, even though the price of the asset is just one-fifth of wh...

Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests. After a failed rally above $31,000 on June 23, Bitcoin (BTC) has sustained the $30,300 resistance for the past three days. Curiously, this happened while gold reached its lowest level in three months, trading at $1,910 on June 22, down from a $2,050 peak in early May. Investors now question how solid Bitcoin’s $30,000 support is. So analyzing what caused the recent price rally is essential to understanding how traders are positioned on BTC margin and futures markets. Why did BTC price break above $30,000?  Some analysts attribute Bitcoin’s recent 21.5% gains in 11 days to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing. But other events might have fueled the cryptocurrency gains. For instance, on June 26, HSBC Bank in Hong Kong reportedly introduced its first local cryptocurrency services using three listed crypto ETFs. Moreover, the ProShares Bitcoin Strat...

Shiba Inu has gained significant popularity in recent years as a meme coin. The Shiba Inu community is active in various projects and developments, one of which is the Shibarium network. Throughout 2022, the Shiba Inu team introduced several initiatives, including the Shiba Eternity game and the SHIB metaverse. One of the highly anticipated releases was Shibarium. However, its launch has seen delays for various reasons. Also read: Pepe Coin Stages a Remarkable Comeback: Surges by 65% in Past Week Finally, on March 11, Shibarium’s Puppynet was launched. So far, it has already achieved notable progress. As per the latest data, Puppynet has surpassed 24 million transactions. Source: AMBCrypto Shiba Inu’s Shibarium Puppynet processes over 24,637,064 transactions Since its launch on March 11, the Shiba Inu Shibarium testnet has processed a significant number of transactions, reaching 24,637,064. Currently, there have been 1,439,564 blocks generated, with an average block time of five second...

Shibarium is the most-awaited layer-2 solution that investors are eager to begin transactions that enable burns and provide a window to buy SHIB tokens with low gas fees. However, it has been nearly two years and Shibarium is yet to see the light of day. The delay in releasing the L2 network is causing serious harm to SHIB as its price is dwindling. During the weekend, Shiba Inu fell from $0.000008 to $0.000005 causing massive corrections. Luckily, the token managed to gain steam and spiked 37% reclaiming the $0.000007 levels. Also Read: Shiba Inu: Elon Musk’s Twitter Suspends App That Burns Billions of SHIB Tokens Shiba Inu: Shibarium Delay Could Cause Harm to SHIB’s Prospects Source: AnalyticsInsight.com Shiba Inu added an extra ‘zero’ in the indices this year and it is relentlessly heading south as its hype has fizzled out. The team is providing no updates about the Shibarium launch that’s leaving investors disappointed. While the testnet is released, no progress is being made in pr...

Author：Crescent Editor：Colin Wu 1. President Tokayev of Kazakhstan Attends Binance Kazakhstan Signing Ceremony link On the 22nd of June, CZ showcased a signed photograph with Bagdat Mussin, the Minister of Information Technologies in Kazakhstan, in the presence of President Tokayev. Binance emphasized that Kazakhstani users are able to engage in crypto currency transactions using fiat currency, and the global platform remains accessible to users from that country. Binance expressed its ongoing collaboration with five regulatory institutions in Kazakhstan, including the AIFC Financial Services Authority, the Ministry of Digital Development, Innovation and Aerospace Industry, and the National Bank. 2. Monetary Authority of Singapore Releases Whitepaper Outlining Standards for Digital Currencies link On the 21st of June, the Monetary Authority of Singapore (MAS) released a technical white paper on Purpose Bound Money (PBM), introducing a universal protocol for specifying the conditions of...