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.
‘Australia Joins The Bitcoin Race’: Monochrome CEO Jeff Yew
Monochrome CEO Jeff Yew celebrated Australia’s entry into the “Bitcoin race” on Twitter. Monochrome Asset Management’s partner, Vasco Trustees Ltd, submitted an application for the Monochrome Bitcoin ETF to the...
Crypto Influencers Speak About Former Celsius CEO’s Arrest on Twitter
The overall Twitter community rejoiced after Alex Mashinsky’s arrest. YouTuber Coffeezilla says Celsius was a fraud long before Alex Mashinsky’s arrest. Citizen Journalist Tiffany Fong reminds followers of how Celsius...
Hacked Multichain Closes Over Lack of Fund as CEO Remains with Police
Chinese authorities have arrested Multichain CEO and his sister. Multichain lost access keys to MPC node servers following the arrest. The Multichain team decide to cease operations given the lack...
Bitcoin Mining Stocks Continue to Soar as Investors File In
Kaiko, a cryptocurrency market data platform, reported today that Bitcoin mining stocks have made “a near-miraculous recovery.” Posting the report on its official Twitter page, Kaiko stated that Bitcoin mining...
AI Tokens Surge; Musk Sees China as Ally in Ethical Development of AI
Elon Musk, in a recent Twitter Spaces, said that he believes China is “on Team Humanity” when it comes to artificial intelligence (AI). The SpaceX CEO informed his followers that...
Arkham Intel Mocked: Called ‘Dox to Earn,’ Accused of Leaking Email Ids
Arkham’s Intel Exchange has faced an onslaught of criticism with many scornfully calling it the “dox to earn” and “snitch to earn” marketplace. Blockchain intelligence platform Akham Intelligence revealed plans...
Kiyosaki Projects $120k BTC as BRICS Plan to Unveil Gold-backed Crypto
In a recent tweet, renowned author and investor Robert Kiyosaki hinted at an imminent announcement by the BRICS nations, including Brazil, Russia, India, China, and South Africa, regarding a revolutionary...
Changpeng Zhao Says FUD And Pressure Has Brought Binance Team Closer
Changpeng Zhao believes that external pressure creates strong and tight teams. The Binance CEO recently stated that FUD has helped build a trustful and resilient team. Zhao likened the impact...
Ethereum NFTs Minting Data Suggests Bear Market Bottom in Place
Nansen data suggests the possibility of a bottom in the NFT bear market. Ethereum NFTs minted in June 2023 reflected a 48% increase from the previous month. May 2023 marked...
BarnBridge DAO Halts Operations Amid SEC Investigation
Some members of the DeFi protocol suspected a potential exit strategy at play. BarnBridge DAO is pausing its operations due to a probe by the United States SEC. The reason...
FBI Searches Home of Kraken Founder Jesse Powell in Cyberstalking Case
A Kraken representative clarified that the crypto exchange was in no way involved in the investigation. The FBI conducted a search at the home of Jesse Powell in connection with...
Ripple’s Head of Policy Advocates for CBDC Adoption in the UK
Ripple’s Head of Policy, Susan Friedman, discussed London’s potential as a crypto hub. Ripple’s dedication to London aligns with its positive outlook on the potential of CBDCs. Friedman highlighted the...
Crypto Influencer Raises Concerns Over TrueUSD’s Dubious Developments
Cochran highlights the risks and financial motivations involved in such a partnership. The influencer believes that Changpeng Zhao makes calculated moves while Justin Sun is impulsive. Adam Cochran is questioning...
USDT Boasts a Market Cap Twice the Size of Rivals Put-Together: CTO
USDT boasts a market cap three times higher than its closest competitor. Paolo Ardoino, CTO of Tether, emphasizes USDT’s dominance in the market. USDT’s daily trading volume is $29.4 billion,...
Cameron Winklevoss Pushes for Resolution in Genesis Bankruptcy Case
In a recent tweet, Cameron Winklevoss, one of the co-founders of the Gemini crypto exchange, put forward an “ultimate proposal” amid the ongoing discussions of a debt restructuring plan for...
Crypto Markets Plunge to Lowest Quarterly Volume Since 2020: Report
In a data-driven update, crypto market data provider Kaiko unveiled that the crypto markets plunged to the lowest trade volume in a quarter since 2020. However, despite the downward trend...
SEC’s Interpretation of Digital Asset Contracts Unlawful: Coinbase CLO
Earlier today, Coinbase Chief Legal Officer Paul Grewal accused the U.S. Securities and Exchange Commission (SEC) of violating the law in its interpretation of “investment contract”. In Twitter thread, Grewal...
Meta To Launch Microblogging Site; Could this Spell Doom for Twitter?
In an interesting turn of events, Meta Platforms is rumored to release a microblogging app similar to Twitter. According to various reports, this new platform is set to be launched...
Controversial Proposal to Appoint CZ as LUNC Leader Sparks Backlash
The LUNC community recently found itself embroiled in a heated debate over a proposal that raised eyebrows and fueled controversy within the crypto community. The proposal, titled “Let’s make CZ...
Singapore Regulator Orders Exchanges To Keep Customer Assets In Trusts
MAS ordered Singapore-based crypto firms to keep customer assets in trust by the end of 2023. Reportedly, the government claimed that custodial independence is required for customer asset protection among...
Thai SEC Introduces New Rules for Digital Asset Providers
Thailand’s SEC introduces regulations prioritizing investor protection in digital asset services. Clear risk warnings are mandated for cryptocurrency traders, noting the potential loss of investment. Restrictions are imposed on deposit...
Bitcoin Leads Other Major World Assets With 83.8% Gain in H1 2023
Reported data shows that Bitcoin’s value increased by 83.8% in the first half of 2023, ranking first and exceeding other major world assets by a significant margin. In the second...
BTC May Rise to $165K Before November 2023, According to Analyst
The crypto trader and analyst “Coosh” Alemzadeh predicted in a tweet yesterday that the price of Bitcoin (BTC) may reach $165K before November 2023. In the post, he added that...
Foremost Lawyer Commends Coinbase’s Opening on Case With the SEC
John E. Deaton has commended Coinbase’s filing in case with the SEC. Deaton praised other lawyers he met on Twitter, including Ripple’s legal team and Paul Grewal. Coinbase filed a...
Michael Saylor Explains The Actual Reasons to Invest in Bitcoin
Michael Saylor provided multiple reasons why buying Bitcoin is a good idea. According to Saylor, buying one Bitcoin gives the holder ownership of 1/21,000,000 of all the money in the...
