Author: Ocrypto

QUICK TAKE The Australian Securities and Investments Commission searched Binance’s premises in Australia as part of an ongoing probe of the exchange’s derivatives operations, Bloomberg reported. Binance Australia, whose derivatives license got canceled in April, told The Block it is “cooperating with local authorities.” According to a report from Bloomberg, the Australian Securities and Investments Commission (ASIC) has conducted a search at Binance’s office in Australia as part of an investigation into the cryptocurrency exchange. The search was specifically focused on reviewing Binance’s derivatives operation and how it classifies its clients. Binance has stated that it is cooperating with the…

On Tuesday, Bitcoin briefly surpassed $31,000, but the overall market performance remained relatively depressed due to the ongoing rout in the NFT space. Towards the end of the Asian trading session, Bitcoin was down 1% at $30,845, while Ethereum also experienced a 1% decline, trading at $1,938. The total market cap decreased by 1% to $1.25 trillion, indicating a relatively subdued market performance expected heading into the weekend. How to Navigate Bitcoin Price Technical Outlook Following the long weekend, investors returning to the market are noticing a decline in trading volume across major exchanges. CoinGlass data indicates that all major…

According to Taiwan’s justice ministry, cases of bribery using Bitcoin (BTC) and Ethereum (ETH) are increasing in the country. The ministry stated that cryptocurrencies are emerging as tools of corruption alongside traditional cash. It expressed concerns that BTC, Ether, and other cryptocurrencies could be used as “election bribery tools” in the upcoming general elections in January 2024. The ministry emphasized that the police force and prosecutors are actively working to prevent crypto and other forms of corruption from influencing the election. In addition to cryptocurrencies, corrupt officials are also being offered bribes through mobile e-payment platforms like Line Pay, Pi…

Voyager and Celsius, two crypto loan firms that faced challenges in the past, have reemerged to address their creditors and make amends. Voyager has started allowing customer withdrawals, reducing its holdings from $413 million to $307.5 million. Meanwhile, Celsius has been ordered by a U.S. Bankruptcy Court to convert its altcoins into Bitcoin and Ethereum. Despite the court order, there have been no outflows reported from Celsius so far. In the midst of the crypto market’s positive momentum, Bitget, a copy trading platform, is venturing into the crypto loan sector with its product called Crypto Loans. This product allows users…

PEPE had the highest Galaxy Score as of 4 July. This could be taken as a strong indication that PEPE could enter another bull rally. PEPE’s volume declined when it witnessed its latest price correction Market indicators and metrics remained bullish on PEPE LunarCrush, a data platform, provided information suggesting that the price of Pepecoin (PEPE) could increase. However, when looking at the daily chart of PEPE, the price was actually going down (painted red). It is difficult to say for certain whether the price of PEPE will turn bullish (go up) in the coming days. The cryptocurrency market is…

Ethereum price failed to test $2,000 and corrected lower against the US Dollar. ETH is testing the $1,930 support and might start a fresh increase. Ethereum is correcting gains from the $1,975 zone. The price is trading above $1,930 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance near $1,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it remains stable above $1,930 in the near term. Ethereum Price Holds Support The price of Ethereum attempted to break above the $1,975 zone but faced resistance…

The NFT market has recently seen some notable developments. The floor prices of prominent NFT collections, including Yuga Labs’ Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, CryptoPunks, and DeGods, have experienced a significant decline, reaching their lowest levels in almost two years. However, there has been a slight recovery in floor prices over the past 24 hours, bringing some relief to NFT holders. In an unexpected move, Credit Suisse, a Swiss-based bank, has entered the NFT space through a partnership with the Swiss Football Association. They have launched 756 Ethereum NFTs, with the proceeds dedicated to supporting women’s…

When discussing non-fungible tokens (NFTs) and their potential in the entertainment industry, it’s essential to shift the focus from technology to people. At its core, NFTs have the power to revolutionize the way fans interact with their favorite stories, characters, and creators. NFTs offer a fresh and innovative approach to entertainment by empowering audiences and involving them in the creative process. This shift transforms fans from passive consumers into active stakeholders, giving them a sense of ownership and influence over the intellectual properties (IPs) they love. Traditionally, fans were viewed as consumers, merely an audience to be catered to. However,…

Bitcoin and Ethereum are well-known cryptocurrencies that have gained popularity in the crypto world. Bitcoin, as the first cryptocurrency, is widely recognized as a symbol of the entire crypto market. Its limited supply and decentralized nature have attracted the interest and trust of investors worldwide. Ethereum, on the other hand, introduced smart contracts and decentralized applications (dApps), which have fueled the growth of decentralized finance (DeFi). While Bitcoin and Ethereum have provided significant returns to early adopters, their stability and maturity have limited their potential for explosive growth. This is where InQubeta (QUBE) comes in. InQubeta is a promising project…

According to data from CoinMarketCap (CMC), the price of GCR has experienced an astonishing growth of 1,075,939% since mid-May. The asset was introduced in 2015, with a small surge in 2018, but has mostly remained in the red zone for the past four years. In the last 24 hours, the price of GCR increased by 42%, reaching $3.1 at the time of writing. This surge in price, combined with a 135% increase in its trading volume, has propelled GCR to the 97th position on the crypto price aggregator. Furthermore, GCR achieved a new all-time high (ATH) of $11.08 on July…