Market News
Welcome to CoinEdition’s page for Market News! On this page, we’ll talk about all the latest developments in the cryptocurrency and blockchain market. CoinEdition ensures that you, our readers, are up to date with Market News happening 24/7 and from all over the globe. Market News, by definition, is important because these developments can quite literally affect the state of the market and thus your investments. Therefore, it is our responsibility at CoinEdition to compile all the Market News for posterity’s sake and for the sake of your investments. Therefore, grab your Press Releases and Announcements, and let’s dive into the shaky but exciting world of Market News here at CoinEdition.
CBN Denies Mandating Banks to Freeze Crypto Exchange Accounts
The Central Bank of Nigeria (CBN) has refuted claims suggesting that it ordered local banks to freeze accounts associated with unlicensed crypto exchanges. Reports surfaced alleging that the CBN directed...
Nearly 40% of Investors in Canada Have Exposure to Crypto: Report
A recent survey released by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA) has revealed increasing crypto adoption in Canada. Embracing a better regulatory framework,...
Korean Won Becomes the Most-Used Currency to Trade Crypto Assets
The Korean won has surpassed the United States dollar as the most-used currency for trading Bitcoin and other digital assets. According to a report from Bloomberg, this uptick is centered...
Hong Kong To Establish Crypto Hub, Starts ETF Trade on April 30
In a recent development, HashKey Exchange announced that the platform had completed the first crypto subscription for Hong Kong Bosera International and HashKey Capital’s Bitcoin spot ETF and Ethereum spot...
XRP Pulls Back as Ripple Opposes SEC in Recent Court Filing
XRP met resistance around $0.55 amid expectations of another round of litigation between Ripple and the U.S. Securities and Exchange Commission (SEC). The top altcoin failed to overcome the $0.55...
Whale Investor Scoops Up $3.77M in Dogwifhat (WIF)Tokens Amid Price Rally
A ‘whale’ has reportedly purchased 1.15 million $WIF, worth approximately $3.77 million, and engaged in multiple transactions. The transactions included withdrawing and depositing large quantities of $WIF tokens to and...
Analyst Predicts DXY Retreat to 102-103: Could Bitcoin Hit $90,000?
The recent events in the financial markets have revealed the possibility that the DXY dollar index can inversely affect the price of Bitcoin, hence, these conditions are likely to create...
Do Kwon, Terraform Labs Face $5B Penalty After LUNA Fiasco
The United States Securities and Exchange Commission (SEC) has moved to request billions of dollars in disgorgement and civil penalties from Do Kwon and Terraform Labs, the team behind the...
WooX Pioneers Retail Access to U.S. Treasuries Through RWA Vaults
Woo X, a leading cryptocurrency exchange, has introduced RWA ( Real-World Assets) Earn Vaults, marking the first-ever opportunity for retail investors to access tokenized U.S. Treasury bills as reported by...
The Memecoin Momentum as Base Network’s Rise Post Ethereum London Upgrade
The recent surge in memecoins within the cryptocurrency ecosystem, particularly on Base Network, underscores a broader trend in blockchain adoption: the power of memes. This unconventional approach to engaging users...
SEC Seeks Public Comments on BlackRock’s Amended Spot ETH ETF Proposal
The United States Securities and Exchange Commission (SEC) has invited public comments on changes made to American firm BlackRock’s proposed spot Ethereum exchange-traded fund (ETF), indicating ongoing deliberations over the...
Indonesia and Australia Join Forces to Crack Down on Untaxed Crypto
Indonesian and Australian tax authorities have signed a new Memorandum of Understanding (MoU) to strengthen cooperation in crypto taxation. The MoU was specifically signed by the Indonesian Directorate General of...
Jack Dorsey’s Block Has Completed the Development of Bitcoin Mining Chip
San Francisco-headquartered digital payments company, Block Inc., formerly known as Square, has announced the completion of its Bitcoin mining chip development. This marks a major step in Chief Executive Jack...
Changpeng Zhao Should Be Sentenced to 3 Years in Prison – DoJ
The U.S. Department of Justice (DoJ) has proposed a lengthy sentence for former Binance CEO Changpeng Zhao. In a recent filing, the DoJ asked the court to sentence Zhao to...
FTX Auctions Off Solana Tokens This Week: Investors in a Buzz
According to a recent Bloomberg report, the bankrupt crypto exchange FTX has decided to auction off another unspecified amount of Solana (SOL) tokens this week. People familiar with the matter...
HealthMedi’s HMD Token Lands on ProBit Global: Redefining Medical Tourism with Blockchain Solutions
HMD, the token of HealthMedi, the renowned global medical platform, is now officially listed on the prominent international exchange ProBit Global. In a recent press statement, HealthMedi disclosed this latest...
Ripple Files New Motions Challenging SEC’s Last-Minute Expert Testimony
Ripple has filed a motion to strike the new expert materials submitted by the U.S. Securities and Exchange Commission (SEC) in support of its motion for remedies and entry of...
Crypto Investor Nets $2M Profits in Memecoins BOME, MANEKI
On-chain provider Lookonchain revealed the trading activities of a crypto investor which attracted considerable attention after earning over $2 million through trading meme coins. Analysis of recent transactions showed that...
SafeDAO Greenlights Transferability Proposal SEP22 for SAFE Token
SafeSEP22 has activated the transferability of SAFE tokens following a successful vote by SafeDAO. The company announced this via an X post on Tuesday morning, steering SafeDAO into a new...
XRP Rockets 6% in a Day: Is $0.5687 the Launchpad for $1.40? Analyst Insights
Ripple’s XRP is gaining momentum and showing bullish tendencies, stimulating a growing interest among investors and traders. XRP’s price has spiked lately, jumping to $0.5687 while registering a 6% increase...
8000+ Runes Etch Created on Bitcoin; 1.4M Transactions: Report
Recent updates revealed that more than 8,000 Runes etch have been created on Bitcoin since the fourth Bitcoin halving. As per Chinese crypto researcher Colin Wu’s post on his Wu...
Binance Faces Fresh Legal Battle as Ontario Court Files for Class Action
Binance, the world’s largest cryptocurrency exchange by volume, is facing a fresh legal battle, this time, in Ontario, Canada. According to reports, the Superior Court of Justice in Ontario has...
BTC Rallies Amid Increasing ETF Net Inflow Days After Bitcoin Halving
Data from Soso Value, the platform for ETF data aggregation, shows that the total net inflow of Bitcoin spot ETF on Monday, April 22, was $62.0899 million. Significantly impacting this...
Ripple Files for Remedies Opposition, Accuses the SEC of Intimidation
Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has accused the U.S. Securities and Exchange Commission (SEC) of intimidation following the ongoing case between Ripple and the regulatory commission. According to...
OrangeDX Token (O4DX) Lands on ProBit Global, Simplifying BRC-20 Token Trading
O4DX, the native token of OrangeDX, a decentralized Bitcoin platform, has been officially listed on the prominent international exchange ProBit Global. The OrangeDX team announced this development in a recent...
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