Cardano price analysis: ADA continues bearish run below $0.40 demand zone

Related articles

• Venture Capital investments in crypto experience a massive decline

  TL;DR Breakdown A report has shown that investment in crypto by venture capitalists has fallen drastically over the past year. Analysts dissect the factors influencing the rise and fall of crypto investments. Description Over the past year, venture capital investments in cryptocurrency companies have seen a substantial decline of over 70%, according to data published by RootData, a prominent crypto data provider. This downward trend is evident when comparing the funding figures for June 2022 and this year. In June 2022, the digital asset space received $1.81 billion … Read more Over the past year, venture capital investments in cryptocurrency companies have seen a substantial decline of over 70%, according to data published by RootData, a prominent crypto data provider. This downward trend is evident when comparing the funding figures for June 2022 and this year. In June 2022, the digital asset space received $1.81 billion in 149 funding rounds, while this year, only 83 projects secured a total of $520 million, marking the lowest funded month to date. Venture capital investment slides 70% Although there have been intermittent increases…

  Article 2023年7月5日

• Top 8 crypto exchanges dominate 91.7% of market depth, analytics firm reports

  TL;DR Breakdown Analytics firm Kaiko reports that the top eight cryptocurrency exchanges control 91.7% of the market depth and 89.5% of trading volume, with Binance leading at 30.7% of global market depth and 64.3% of global trade volume. The concentration of liquidity in the crypto market has both advantages and disadvantages, according to Kaiko. While it benefits average traders, it also poses risks such as lack of safeguards against failures, hacks, or market manipulation. Description New data from analytics firm Kaiko reveals that the top eight cryptocurrency exchanges now control about 91.7% of market depth and 89.5% of trading volume. Binance, the leading exchange, accounted for 30.7% of global market depth and 64.3% of global trade volume in 2023. This concentration of liquidity has intensified over time, raising questions about … Read more New data from analytics firm Kaiko reveals that the top eight cryptocurrency exchanges now control about 91.7% of market depth and 89.5% of trading volume. Binance, the leading exchange, accounted for 30.7% of global market depth and 64.3% of global trade volume in 2023. This concentration of…

  Article 2023年9月11日

• Crypto miners caught red-handed in electricity theft scandal in Malaysia

  TL;DR Breakdown In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit of remarkably inexpensive energy, bordering on being free. Sarawak Energy, in collaboration with the local police force, successfully uncovered and apprehended two cryptocurrency mining operations that were allegedly engaged in the theft of approximately 30,000 Malaysian ringgits, equivalent to around $6,500, worth of electricity on a monthly basis. The culprits resorted to fraudulent manipulation of electrical devices, including tampering with electricity meters, creating counterfeit meter covers, and surreptitiously tapping into underground power lines. Description In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit of remarkably inexpensive energy, bordering on being free. However, caught in the crosshairs of this unconventional quest is Sarawak Energy, a prominent state-owned electric company, which has now set its sights on … Read more In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit…

  Article 2023年7月9日

• SEC vs. Binance: $115 billion battle over crypto regulation

  TL;DR Breakdown SEC has expanded its list of cryptocurrencies classified as unregistered securities, adding around US$115 billion worth of tokens. The SEC has recently filed 13 charges against Binance, accusing the exchange of making unregistered and unlawful offers and sales of its BNB and BUSD tokens. Binance has reacted to the SEC’s allegations, claiming that its BNB token is not a security, but a native token designed to fuel an internal economy. In an unexpected turn of events this week, the U.S. Securities and Exchange Commission (SEC) has delivered a shockwave through the digital currency universe. According to reports, the regulatory body has swelled the list of cryptocurrencies it categorizes as unregistered securities, adding approximately $115 billion worth of tokens. The latest twist in cryptocurrency regulation has come about due to a lawsuit filed by the SEC against the crypto exchange Binance. In its most recent move, the SEC has ruffled feathers within the crypto community by declaring that several tokens traded on Binance, including Binance’s own BNB token, the stablecoin BUSD, and other cryptocurrencies such as Solana, Cardano’s (ADA),…

  Article 2023年6月11日

• Ripple Chief Legal Officer opposes SEC’s interlocutory appeal move

  TL;DR Breakdown Ripple Labs opposes SEC’s appeal for interlocutory review in the ongoing case. Chief Legal Officer highlights the court’s stance on resolving issues before appeal. SEC determined to pursue the interlocutory appeal to address partial setback. Description Ripple Labs has taken a firm stance against the Securities and Exchange Commission’s (SEC) recent move, aiming to secure an interlocutory appeal following a summary judgment order in an ongoing case that has sent ripples through the cryptocurrency industry. The company’s Chief Legal Officer, Stuart Alderoty, expressed the company’s opposition to the social media platform … Read more Ripple Labs has taken a firm stance against the Securities and Exchange Commission’s (SEC) recent move, aiming to secure an interlocutory appeal following a summary judgment order in an ongoing case that has sent ripples through the cryptocurrency industry. The company’s Chief Legal Officer, Stuart Alderoty, expressed the company’s opposition to the social media platform formerly known as Twitter. Alderoty highlighted the court’s assertion that no extraordinary circumstances justified departing from the rule that mandates the resolution of all issues pertaining to all parties…

  Article 2023年8月17日