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.
Banks Stand as a Hindrance to DeFi; Comments Coinbase CEO
Charles Hoskinson, the co-founder of the blockchain companies Input Output Global (IOG) and Coinbase tweeted today morning clarifying Coinbase’s announcement on the temporary halt of USDC: USD conversion during the...
Meta is Reportedly Building a Decentralized Social Network
Meta is reportedly working on building a next-generation replacement for Elon Musk’s Twitter. According to the report from Money Control, the Meta team is exploring a standalone, decentralized social network....
Tender.fi White Hat Hacker Returns $1.6 Million Loot for 62.15 ETH
Decentralized finance (DeFi) protocol Tender.fi has been made whole thanks to the hacker who returned $1.6 million that were exploited from the platform earlier this week. The white hat hacker...
FED Supports Innovation with Guardrails for Bank’s Crypto Activity
The U.S Federal Reserve Vice Chairman Michael S. Barr published an article titled, “The Federal Reserve’s Approach to Supervision and Regulation of Bank’s Crypto-related Activities,” .In the crux of the...
BTC Will Hit $16,600 as Miners Mount More Pressure, CryptoQuant
Since the beginning of the week, the price of Bitcoin (BTC) has been free falling from $23k. In the last 24 hours, it has gone below the $19k price point....
Mayhem Reigns in Crypto Market: KuCoin Sued, SVB Scrambles
Binance CEO Changpeng Zhao, aka CZ, recently tweeted about the turmoil in the cryptocurrency market this week, stating that he slept for only four hours and woke up to chaos....
SHIB and ETH May Enter Into a Large Selloff in the Coming Days
Ethereum (ETH) and the rest of the altcoin market seem to be at the mercy of the crypto lender, Voyager, given that the lender currently holds large amounts of tokens...
Crypto Trading Platform Revolutionize Crypto Referral Programs
Referral programs have played a significant role in promoting crypto platforms. While many crypto platforms still offer a one-level referral program, Millionero, a crypto trading platform, made its entry into...
Whale Unstakes 50.27M MATIC, Transfers Half to Binance: Lookonchain
Onchain data analysis tool Lookonchain claims a $MATIC whale unstaked 50.27M $MATIC, approximately $53.7 million, and transferred 26.5M $MATIC to Binance earlier today. According to the platform, the whale received...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
US President Joe Biden’s impending 2024 fiscal budget is believed to raise $24 million by changing the tax treatment of cryptocurrency transactions. White House Deputy Press Secretary Emilie Simons took...
CMC Ranks Top 5 Blockchains by Total Value Locked (TVL)
CoinMarketCap categorizes the largest blockchains on the basis of total value locked (TVL) and total protocol numbers. CMC has also listed various figures for these blockchains. At press time, the...
Crypto Lawyer Calls Out US Senator Brown for Anti-Crypto Bias
In a recent tweet, crypto lawyer John Deaton expressed frustration with the US regulatory authorities, who he believes are intentionally promoting a false narrative about the crypto industry. Deaton described...
Crypto Miners’ Activities Highly Affect Market; Says Analyst
CryptoQuant, the on-chain data analytics platform, shared an insight into the crypto miners’ selling behavior, a blog written by the crypto trader Shayan, also known as Greatest Trader. In the...
YouTube Channel, Altcoin Daily Raises Privacy Concern Over CBDCs
A recent video on the popular crypto YouTube channel Altcoin Daily (AD) has raised concerns over the growing popularity of Central Bank Digital Currencies (CBDCs). The host of the video...
Mt. Gox Victims Hack Get More Time to Register Claims and Receive Payouts
Tokyo-based cryptocurrency exchange, Mt. Gox, has announced an extension to both the deadline for claim application registration and the repayment deadline for victims of the exchange’s infamous hack. The deadline...
MyAlgo Team Updates Community on Efforts Taken to Address Hack
MyAlgo recently took to Twitter to address the ongoing efforts that have been taken by the team regarding the recent hack. The attack happened initially on February 19, when assets...
Crypto Assets To Redefine Traditional Assets by 2030, Says Ark Invest
Ark Invest, the American-based investment management firm, recently released the 2023 edition of the annual research report entitled “Big Ideas”, in which the firm reiterated that the crypto assets could...
APE Bears Dominate, Traders Eye Short-Term Buying Opportunity
The ApeCoin (APE) market has been bearish in the previous 24 hours, with bullish efforts to correct the market thwarted after encountering solid resistance at the intra-day high of $4.74....
Reactions Pour In as Vitalik Buterin Offloads $700k Worth of Shitcoins
Ethereum co-founder Vitalik Buterin sold a significant amount of crypto tokens which sparked several reactions from the crypto community. The alleged dump by Vitalik prompted the prices of affected cryptos...
Thailand Implements Tax Relaxation on Digital Token Companies
The government of Thailand announced that the companies that issue digital tokens would be excluded from the corporate income tax and value-added tax. Over the past few months, the country...
Crypto Media Ranks Top 10 ERC20 Projects By Development Activity
Generation Crypto Media’s CEO Ben GCrypto tweeted a list of the top 10 ERC20 projects in terms of development activity in the past 30 days. He was quoted saying, “According...
Korea Customs Seizes Illegal CryptoTransactions Worth 5.6 Trillion Won
According to a recent news report from Yonhap, the Korean Customs Service seized over 5.6 trillion won worth of cryptocurrencies last year linked with illegal foreign exchange transactions involving virtual...
Massive SOL Transfers to Coinbase Sparks Investor Frenzy
Solana, the blockchain platform known for its high-speed and low-cost transactions, has recently made headlines with a massive transfer of $61,779,976 to Coinbase. The transfer was made in five transactions,...
Influencer Says ADA, BTC Will Experience Price Drops in Coming Days
The crypto influencer, Dan Gambardello (@cryptorecruitr), tweeted his latest technical analysis for the crypto market leader, Bitcoin (BTC) and Cardano (ADA) this morning. In his technical analysis, Gambardello started the...
Upcoming CPI Will Impact the Market Significantly: Brad Gerstner
The renowned American investor and hedge fund manager, Brad Gerstner, says that the inflation data expected in the coming weeks will play a significant role in the market’s direction afterward....
