Category: Cryptocurrency News

Hi everyone, Binance decided to disable trading of privacy coins in France on June 26th. This is a measurement to comply with the local regulatory requirements. The privacy coins that will be disabled from trading are DCR, DASH, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM, XMR, MOB. Users from France got this e-mail today:…
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We are blockchain explorer users. Figuring out what an address is doing means spending a long time going through its transaction history (and being an accountant). Plexidelic provides readable biographies for ethereum addresses. plexidelic.io ​ https://preview.redd.it/7b03c7rc273b1.png?width=784&format=png&auto=webp&s=57a6df9c890422ba55f0ada24983b3d7a6fad94f submitted by /u/LorandAlgorand [link] [comments]

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Shiba Inu (SHIB), a popular cryptocurrency known for its vibrant online community and adorable dog-inspired branding, is currently facing a liquidity crisis. The situation has been persistent, with no signs of immediate improvement. Despite its initial success and enthusiastic following, Shiba Inu has encountered challenges related to liquidity, which refers to the ease of buying or selling an asset without causing significant price fluctuations.  Liquidity crises can arise when there is an insufficient number of buyers or sellers in the market, leading to increased volatility and potential difficulties in executing trades. Related Reading: Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score Constrained Volume And Diminished Stability The meme coin finds itself entangled in a liquidity crisis, which is primarily characterized by restricted availability of its tradable tokens. Insufficient liquidity jeopardizes the stability of the asset, creating a discouraging environment for potential investors and causing existing holders to reconsider their positions.  As a result, SHIB’s upward price momentum is stifled, impeding its progress, and hindering its ability to enter an uptrend.  Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot? Underwhelming APYs Adding to the liquidity challenges, the liquidity pools associated with SHIB offer unimpressive Annual Percentage Yields (APYs). These lackluster returns serve as an additional burden for liquidity providers, as they are not sufficiently incentivized to stake their SHIB tokens in decentralized finance (DeFi) pools.  The unappealing APYs further contribute to the scarcity of liquidity, exacerbating SHIB’s liquidity crisis. Low TVL: A Sign Of Investor Mistrust The Total Value Locked (TVL), which represents the total assets staked in SHIB’s network or DeFi protocols, is another worrying aspect of the liquidity crisis. A low TVL indicates diminished activity within the network and is often interpreted as a lack of investor trust in the asset’s potential for generating yield.  This lack of engagement from investors acts as a deterrent, impeding the inflow of new capital into SHIB and subsequently curbing its price growth. Shiba Inu Price Shiba Inu’s price on CoinGecko stands at a minuscule $0.00000853, experiencing a 2.3% dip over the past 24 hours and a gradual seven-day decline of 1.6%. Source: Coingecko Shiba Inu’s liquidity crisis has undoubtedly posed challenges to its stability and growth. Nevertheless, with a dedicated community and a proactive approach, the path to overcoming these obstacles can be paved. By fostering a robust and liquid market, Shiba Inu can regain investor trust, attract new users, and stimulate price growth. As the journey unfolds, the cryptocurrency world watches with anticipation to see how Shiba Inu will navigate its liquidity challenges and continue its quest for success in the ever-evolving digital landscape. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from The Sports Physio

SEC has started to clamp down on crypto influencers and has issued several fines and cease and desist orders over the past few years.

KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China.

BTC price performance looks limp on the last day of May, with the 200-week moving average rapidly coming into view.

Ripple’s XRP is once again in the spotlight as it stages a remarkable comeback. In a surprising turn of events, XRP has tallied a decent 13% rally, leaving investors and enthusiasts impressed by its resurgence.  This sudden surge in value can be attributed to an array of bullish market indicators that have reignited optimism among traders and reignited interest in the digital asset.  As XRP bounces back with vigor, it signals a potential shift in the tides for this cryptocurrency, prompting speculation about its future trajectory in the ever-evolving world of digital currencies. Related Reading: Shiba Inu Price Faces Dilemma As New Addresses Take Conflicting Positions XRP Surges With Price Rally, Record-Breaking Network Activity Riding the wave of a promising price of $0.523726 on CoinGecko, Ripple’s XRP cryptocurrency has ignited excitement with a remarkable 24-hour rally of 6.3% and an impressive seven-day rally of 12.7%. However, the surge in price is not the only aspect fueling the enthusiasm surrounding XRP, as recent network activity has reached unprecedented levels. Source: Coingecko According to Santiment’s tweet, the blockchain has experienced a significant spike in daily active addresses. In fact, XRP recently witnessed its second-largest address activity day in its history, with over 490,000 addresses actively engaging with the network. The last time such a substantial increase in activity occurred was back in March, which resulted in a staggering price rally of over 45%. 😮 #XRPNetwork has now had its 2nd & 3rd largest address activity spikes of all time these past 2 days. A mild +4% decoupling has emerged between $XRP & the #altcoin pack, and if history repeats itself from the March 18th activity spike, it could be more. https://t.co/601m4SYUOy pic.twitter.com/AF8k4qtPQv — Santiment (@santimentfeed) May 30, 2023 The combination of a bullish price action and this surge in network activity has set the stage for heightened anticipation, prompting speculation about the potential implications for XRP’s future trajectory in the dynamic landscape of cryptocurrencies. XRP has a market cap of a little over $26 billion as of today. Chart: TradingView.com Bulls Take The Reins The current rally is bolstered by a broader positive sentiment in the cryptocurrency market. As Bitcoin and other major cryptocurrencies experience their own upward momentum, XRP has been able to benefit from the overall bullish market trend. This alignment of positive market factors has created a fertile ground for XRP’s price rally to flourish. Related Reading: Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score The surge in XRP’s price and the accompanying market indicators have reignited discussions about the future trajectory of this digital asset. While it is essential to remain cautious and consider the inherent volatility of the cryptocurrency market, the recent bullish developments surrounding XRP have injected renewed optimism among its supporters. XRP Market Sentiment Improves Over the past week, there’s also been a noticeable improvement in sentiment surrounding XRP. The weighted sentiment of the token has experienced an uptick, reflecting an increase in confidence among investors and participants in the cryptocurrency market. Additionally, the social volume of XRP has also witnessed a rise, indicating a growing level of engagement and discussions surrounding the token. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Elephango