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.
Elon Musk Prefers Artificial Intelligence Over Cryptocurrency
Elon Musk declared his preference for AI over cryptocurrency. The Twitter CEO previously talked about the necessity of regulations on AI. The risks of advancing…
Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate
Circle withdraws its USDC reserve deposits from Silvergate Bank to its other banks. Circle said the decision was due to the ongoing uncertainty at the…
DYDX Is the Most Used Smart Contract by 500 Biggest the ETH Whales
Whalestats tweeted that DYDX is once again the most used smart contract among the 500 biggest ETH whales. DYDX’s price has weakened against the USD,…
Recent Data Showed That ETH’s Exchange Supply Is at 5-Year Low
Santiment recently tweeted that ETH’s exchange supply is at a 5-year low. The tweet added that ETH’s low exchange supply suggests a lower possibility of…
Silvergate Capital Cut Ties with Silvergate Exchange Network
Silvergate Capital Corporation has decided to cut ties with the Silvergate Exchange Network. The decision is an aftermath of the reports of SI’s $1 billion…
BTC’s Price Experienced Biggest Hourly Drop in 4 Months
BTC’s price fell victim to the marketwide selloff in the last 24 hours. Santiment tweeted that this is the first time in 4 months that…
Crypto Analyst Takes A Closer Look At The Crypto Market Sell-Off
Miles Deutscher believes that the Mt. Gox BTC unlock and Shanghai ETH unlock triggered the recent sell-off. The crypto analyst has claimed that de-risking strategies…
Stablecoins See Notable Spike in Volume Following Silvergate Scrutiny
Silvergate issues have triggered a market sell-off. Prices of major cryptocurrencies dropped with millions in liquidation. Stablecoins enjoyed a fair spike in trading volume following…
Crypto Hedge Fund DACM Resort to Swiss Banks After Silvergate Fallout
DACM is looking to Swiss banks to bridge the gap created by Silvergate. Previously, the fund manager used Silvergate’s network to move funds to exchanges.…
Crypto Market Sees $243.49 Million Liquidation in 24 Hours
About $185 million has been liquidated from the crypto market over the past 45 minutes. Binance data indicates that $243.49 million has been liquidated over…
