The cryptocurrency market is flooded with thousands of altcoins, making it challenging for investors to identify hidden gems that could potentially yield significant returns. However, a Santiment analyst has recently shed light on 6 overlooked altcoins that show promising network activity, indicating the potential for a rally. These coins may have flown under the radar,
The surge in Tether (USDT) moving into exchanges has caught the attention of many in the crypto market. This development could potentially have positive implications for Bitcoin. According to on-chain analytics firm Santiment, the total worth of USDT on exchanges has reached $9.99 billion. While this may not seem significant at first, the supply of
Circle, the stablecoin issuer, has recently announced its plans to mint USD Coin (USDC) directly on the Polygon network. This move allows users and developers to access USDC on the Ethereum layer-2 scaling solution, eliminating the need for bridged USDC. As one of the largest cryptocurrencies and the second-largest stablecoin, USDC’s integration with Polygon opens
The United Kingdom’s Financial Conduct Authority (FCA) has taken a firm stance against Binance’s operations by imposing restrictions on its local partner, Rebuildingsociety.com. According to the FCA’s website, the regulator has prohibited Rebuildingsociety.com from approving financial promotion content from unauthorized individuals or entities. This restriction implies that Binance’s UK affiliate must revoke any prior approvals
Polygon (MATIC) has experienced a -6% drop in price amidst a broader de-risking in the markets triggered by the conflict between Israel and Hamas. This decline comes shortly after co-founder Jaynti Kanani announced his departure from Polygon ahead of the highly anticipated Polygon 2.0. The recent downturn in Ethereum, which fell below $1,600, could also
Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, finds himself in a challenging scenario as he contests the U.S. Securities and Exchange Commission (SEC). On October 5th, the SEC announced legal action against Musk, aiming to force him to comply with a subpoena and provide testimony regarding his acquisition of Twitter (now
The recent decline in the value of Ether (ETH), the native token of the Ethereum network, has raised concerns among investors and enthusiasts. Between October 2 and October 9, ETH experienced an 8.2% drop in price, prompting many to question the factors contributing to this decline. One of the key reasons behind this price drop
The price of ApeCoin (APE) has experienced a drastic reversal, dropping nearly 20% in the past week and hovering just below its immediate support zone. This significant selloff coincides with a surge in trading volumes, indicating that further declines may be imminent. After reaching a local high of $1.288 on October 2, APE encountered strong
The vulnerability of cryptocurrency exchanges to cyber attacks has once again been highlighted by the recent revelation from UPbit, a prominent South Korean exchange. Data shared by UPbit’s operator, Dunamu, with South Korean politician Rep. Park Seong-jung, exposes a staggering surge in hacking attempts. During the first half of this year alone, UPbit experienced a
Bitcoin price is currently displaying positive signs as it holds above the $27,450 zone. With the price trading above $27,800 and the 100 hourly Simple Moving Average (SMA), there is a potential for a fresh increase towards the $28,500 resistance. The BTC/USD pair has also formed a short-term declining channel with resistance near $27,980 on