In a bold move amidst the tightening global crypto regulations, Backpack Exchange, a crypto platform founded by former FTX executives, is expanding its reach to 11 US states. This expansion includes states like California, Colorado, Indiana, Missouri, and Wyoming. CEO’s Vision CEO Armani Ferrante, in a recent announcement on the social media platform X, expressed
The price of Ethereum has seen a significant surge recently, climbing above the $3,000 resistance level. This uptrend is supported by positive signs in the market, indicating a potential extension of gains towards the $3,120 mark. Ethereum’s rally has been strong, with the price surpassing key levels such as $2,980 and $3,000. Currently, ETH is
Recently, six suspected OTC crypto scammers were apprehended in Incheon, South Korea, as confirmed by the local police. The suspects, all between the ages of 20 and 39, were accused of stealing $747,000 in cash through a fraudulent over-the-counter trade. The incident took place in the Songnim District of Eastern Incheon on February 19, around
Bitcoin price has been facing a tough time trying to clear the $52,500 resistance zone. Despite attempts to break above this level, the price is still trading below $52,400 and the 100 hourly Simple Moving Average. This indicates a struggle for bulls to push the price higher. Bitcoin price made numerous attempts to gain strength
Tron price has been showing positive momentum as it continues to climb above key resistance levels against the US Dollar. The cryptocurrency is currently outperforming Bitcoin and Ethereum, which could potentially lead to further price increases above the $0.140 mark. On the 4-hour chart of the TRX/USD pair, there is a key bullish trend line
Recently, Coinbase’s non-US exchange achieved a significant milestone by reaching over $1 billion in daily trading volume on February 20th. This marked the first time that the exchange surpassed the $1 billion mark in terms of trading volume, indicating a significant growth trajectory for the service. According to live data, as of 8:15 pm UTC
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This initiative is aimed at fostering innovation in the field of tokenization while also ensuring strong consumer protection. The guidelines set forth by the HKMA clearly define the scope of tokenized products
Wall Street Memes has recently implemented a major new burn mechanism that is set to shake up the $WSM token dynamics. This deflationary force will see a significant 5% of the total $WSM supply heading for the furnace, marking a departure from the original plan of a 10% buyback of Net Gaming Revenue. The burn
AltLayer, a rollups platform focusing on blockchain scalability, recently announced that they have raised an impressive $14.4 million in a strategic funding round. The fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Other participants in the funding included OKX Ventures,
Ethereum is currently showing positive signs above the $2,850 support level. The price is slowly moving higher above the $2,800 support zone and is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD. These indicators suggest that