Author: News Room

Data shows XRP trades for $74 on the Atlantis exchange, where XRP recently secured a listing, but the legitimacy of the platform has become a subject of discussion. Since slumping beneath $1 in December 2021, XRP has maintained a position below that mark. With market analysts predicting imminent price surges above $1 and possibly to a two-digit price, investors have indeed witnessed this phenomenon, albeit not in the expected fashion. Interestingly, XRP has been recording prices way above its actual trading value on a centralized exchange known as Atlantis. This development came up shortly after the cryptocurrency exchange, which claims…

Solana-based decentralized exchanges have been busier than their Ethereum counterparts over the past seven days. The meme coin frenzy seems to have catalyzed higher volumes on Solana. Solana also boasts of higher capital efficiency than Ethereum and other chains, according to one research firm. Solana has replaced Ethereum as the No. 1 smart-contract blockchain by trading volume. Trading volume in Solana-based decentralized exchanges (DEX) has increased 67% to $21.3 billion in seven days, data tracked by DeFiLlama show. Volume in Ethereum-based decentralized exchanges rose 3% to $19.4 billion over the same period. There are 17 DEXes on Solana. Orca, the…

Binance, a leading cryptocurrency exchange, announced that it plans to suspend deposits and withdrawals of AR tokens starting approximately March 26, 2024 at 16:00, in order to support the upcoming network upgrade and Hard Fork of the Arweave (AR) network. Binance Prepares for Arweave (AR) Network Upgrade and Hard Fork The network upgrade and hard fork is estimated to occur around 17:00 on March 26, 2024, at block height 1,391,330. With its decision to temporarily suspend AR token deposits and withdrawals, Binance aims to facilitate a smooth transition for users during this critical period. Despite the suspension of deposits and…

MeaWallet, a known figure in digital payments facilitation specializing in card tokenization, has unveiled its latest innovation: the global Mea Card Gateway. This platform is designed to ensure the secure transmission of sensitive payment card data, serving as a crucial intermediary between MeaWallet customers, payment processors, and service providers. Targeted at a diverse array of entities including issuers, fintechs, online merchants, financial institutions, and payment service providers, the Mea Card Gateway addresses the critical challenge of securely managing payment card data without necessitating customers to achieve and maintain PCI DSS compliance themselves. By establishing a seamless and secure connection, simplifies…

Goerli testnet shutting down post-Dencun upgrade, urging migration to Sepolia or Holesky. Validators on Goerli being deactivated, impacting network stability and testing. Developers advised to use Sepolia for app testing; Holesky for protocol-level testing. The Goerli testnet, a crucial environment for Ethereum development, is approaching its final days following the recent Dencun network upgrade on Ethereum’s mainnet. Originally expected to remain active for about a month post-Dencun, the network’s validators have been progressively shutting down over the past few weeks. Top DeFi protocol on the BNB chain, Thena, has added $FLOKI to its pool, allowing FLOKI holders to provide liquidity…

According to breaking information, the SEC decided to postpone the application of Hashdex, one of the Ethereum Spot ETF applicant companies. The Nasdaq exchange filed with the SEC to list the Hashdex Nasdaq Ethereum ETF in September. The fund is managed and controlled by Toroso Investments, which is registered as a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. “The fund will hold a mix of Spot Ether, Ether Futures Contracts and cash, rather than holding 100% spot Ethereum, which could make it more susceptible to price manipulation in the…

Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won’t get approved in May. Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green light. Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products. “We now believe these will ultimately be denied on May 23rd for this round,” Bloomberg Intelligence ETF analyst James Seyffart wrote in a post on X on Tuesday. Seyffart and…

The Ethereum (ETH) price is consolidating either side of the $3,300 level, down roughly 6.5% on the day as investors take profit following the crypto’s recent run higher, and amid chatter that Ether ETFs are unlikely to gain approval in May. “We now believe these will ultimately be denied May 23rd,” Bloomberg’s ETF analyst James Seyffart said in a tweet. “The SEC hasn’t engaged with issuers on Ethereum specifics,” he explained. My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn’t engaged…

Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone. Ethereum started a downside correction below the $3,350 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,420 and $3,500 resistance levels. Ethereum Price Breaks Support Ethereum price remained in a short-term bearish zone below the…

James Seyffart, Bloomberg’s veteran ETF analyst, recently expressed a change in perspective regarding the approval of Ethereum Spot ETFs. Seyffart, who previously held a cautiously optimistic view, now believes these ETFs will ultimately be rejected. In a recent statement, Seyffart said, “We will likely see at least 3 more Ethereum ETF delays today or tomorrow. VanEck, Ark/21Shares, Hashdex, and Grayscale are expected to delay in the next approximately 12 days.” He also added that Hashdex and Ark/21Shares applications have already been delayed by the SEC. Referring to the latest postponements, Seyffart emphasized that he knew that these would always be…