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.
South Korea May Bring New Lawsuit System for Crypto Criminals
Financial regulators in South Korea are planning to introduce a new class action legal system in light of the rising malpractices in the crypto industry. The primary objective is to...
Michael Saylor Defends BTC Mining Amid Criticisms of Energy Consumption
MicroStrategy founder Michael Saylor argued against a recent article discussing electricity consumed during Bitcoin mining. According to Taylor, millions of American families benefit from reduced energy bills thanks to Bitcoin...
Top 10 Most Actively Traded Altcoins in the Last 24 Hours
The global crypto market cap has fallen 0.66% over the last 24 hours according to CoinMarketCap. As a result, the total crypto market cap is estimated to be around $1.26...
Crypto Analysis Platform Shares Its Predictions for XRP’s Price
The crypto education and analysis platform EGRAG CRYPTO (@egragcrypto) took to Twitter earlier today to share some price possibilities for Ripple (XRP) in the coming days. The platform decided to...
Coinbase CEO Says Crypto Could have over 2-3 Billion Users in 10 Years
Coinbase CEO Brian Armstrong recently commented on the usability of cryptocurrencies. He retweeted a thread from a Twitter user and Goldfinch CEO Blake West, in which he talks about his...
Terra CEO Sent $7M to Law Firm Before Collapse, Prosecutors Confirm
In a shocking revelation, South Korean prosecutors have confirmed that Terraform Labs CEO, Do Kwon sent 9 billion won ($7 million) to a top South Korean law firm, Kim &...
‘SEC Tries to Solve Problems That Don’t Exist,’ Says SEC Commissioner
Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC), has criticized the agency’s new approach to crypto regulations, which included expanding the definition of “exchange.” Peirce described...
U.S. Bill Proposes Two-Year Ban on Stablecoins Backed By Crypto
The United States House Financial Services Committee recently unveiled a new bill that seeks to enforce a two-year ban on certain stablecoins. The bill would also pave the way for...
IMF and DCMA Unveil Universal Monetary Unit to Reinforce Banking
The International Monetary Fund (IMF) and the Digital Currency Monetary Authority (DCMA) announced the launch of the Universal Monetary Unit (UMU) during the IMF Spring Meetings 2023. Also referred to...
Bo Shen’s Stolen $42M Crypto Assets Still Under Investigation
Bo Shen, the general partner at Fenbushi Capital, has reiterated his position on the funds stolen from his crypto wallet in November 2022. In a recent tweet, the early crypto...
SEC Commissioner Criticizes Agency’s Approach to Crypto Regulation
In an exciting turn of events, Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC), has criticized the agency’s regulatory approach towards new technologies and business models,...
US’ Payment Stablecoin Bill Poses Issues Along with Advantages
Jeremy D Allaire, the American technologist and CEO of the digital asset company Circle, wrote on his official Twitter page about the US Draft of the Payment Stablecoin Bill, acknowledging...
Hundred Finance Lending Protocol Loses $7M to Hack on Optimism
Hackers attacked the Hundred Finance multi-chain lending protocol on Saturday, April 15, 2023. According to PeckShield, the blockchain security and data analytics company, the DeFi lending protocol incurred a loss...
Fine and Imprisonment for Violating Stablecoin Issuance Laws
The US Congress released the discussion draft of the 118th Congress First Session, highlighting the requirements for being a payment stablecoin issuer. The draft pointed out that the bill would...
Recent Report Suggests That Crypto Market Is Approaching a Top
Santiment (@santimentfeed) shared their latest crypto market insights in a tweet this morning. In the tweet, Santiment shared their latest insights report for the crypto market, which attempted to identify...
New Hurdle In Zipmex’s Buyout As Buyer Proposes 90% Discount
The buyout deal of Thailand-based Zipmex has hit yet another hurdle after its buyer, V Ventures, made a proposal seeking a hefty discount on the purchase price of the struggling...
Crypto Market Sees $55B Inflow; Altcoin Season Is Here, Says Analyst
This week the price of Ethereum (ETH) crossed $2k for the first time in nearly one year. Expert crypto traders believe the altcoin season has begun, so investors have plenty...
Twitter CEO Elon Musk Claims AI Figured Out His Coded Tweet
Twitter CEO Elon Musk claims to have deleted a recent tweet because Artificial Intelligence (AI) decoded it. The now-deleted tweet, allegedly encrypted, read, “AI APT OTT!”. Musk claimed so in...
Twitter Partners With eToro Instead of Binance: Regulatory Fear?
Altcoin Daily took to their Twitter account to question why Twitter didn’t partner up with Binance recently. This question arose after Twitter partnered with eToro to enable cryptocurrency and stock...
Yearn Finance Urges Caution as Legacy Contract Bug Drains Multiple Pools
The decentralized finance (DeFi) platform, Yearn Finance, has announced that it is investigating an issue with an outdated contract called iEarn, which predated more recent versions such as Vaults v1...
Hong Kong Set to Develop an International Virtual Asset Center
According to reports, the Hong Kong government has embarked on a campaign to attract crypto firms into its territory. This campaign aims to support the government’s goal of building an...
Robert Kiyosaki Believes That An Economic Tsunami Is Imminent
Popular investor Robert Kiyosaki has warned against a crisis looming over the financial markets. In a recent episode of The Rich Dad Channel, Kiyosaki revealed that an economic tsunami is...
Blockchain Bridge Usage Surges By 530% In March: Analytics Platform
More than 623,000 new users transferred their assets using bridges in March, according to data from the blockchain analytics platform Nansen. This represents a 530% increase from the previous month...
BTC Network Activity Picks up as BTC Battles With $30K Mark
The popular crypto trader Ali (@ali_charts) tweeted this morning regarding Bitcoin (BTC). In the tweet, Ali shared that the market leader’s network has continued its growth recently, with 512K new...
Kaiko Data Report Reveals Misleading Market Caps For Crypto Tokens
Kaiko Data’s Research Analyst Conor Ryder has released a report on the liquidity of the top 30 tokens in the cryptocurrency market. Using market depth, volumes, and spreads, Ryder ranked...
