Author name: Peter

ETH Slides Over 8% Amid Downward Market Pressure: Ethereum Technical Analysis

In the ever-volatile world of cryptocurrency assets, ethereum has experienced a significant decline, with its price dropping by 8.1% in the past 24 hours. Technical indicators and chart patterns indicate a bearish sentiment, urging traders to proceed with caution. Ethereum Price and Market Capitalization The price of ethereum (ETH) currently hovers between $2,056 to $2,255, […]

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Dollar-Pegged Tokens Face Challenges as Supplies Plummet and Rankings Shift

The Decline of GUSD In recent years, the stablecoin market has faced significant challenges, particularly with the decline of Terra's stablecoin in mid-2022. Additionally, the New York Department of Financial Services (NYDFS) instructed Paxos to halt the issuance of BUSD last year. Alongside these setbacks, three other stablecoin assets have experienced substantial reductions in their

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The Shocking Reality: Seniors Losing It All in Gold IRA Investments

Self-Directed gold IRAs are fantastic as they let you invest in precious metals and not have to deal with any middlemen. They are so easy that even your grandmother could manage it! When you purchase physical silver, gold, palladium, platinum, the rhodium coins, bars rounds and bullion you’ll have instant liquidity. If you’re looking to

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Radiant Capital Falls Victim to Flash Loan Attack, Losing $4.5 Million

Radiant Capital Confirms Flash Loan Attack Radiant Capital, a decentralized finance (defi) platform, has confirmed that it fell victim to a flash loan attack on January 2, 2023. The attack resulted in the protocol accruing bad debt in the WETH market, totaling about 1.3% of the total protocol TVL. According to blockchain analytics firm Peckshield,

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USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence

USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's USDC stablecoin, which is typically pegged to the dollar, momentarily depegged from its $1 value. It fell as low as $0.76 on the Binance exchange platform. This incident occurred during a market-wide sell-off, which was spurred

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The Success of the Spanish Silver Dollar: Lessons for Bitcoin

An Unconventional Comparison: Bitcoin vs. Gold Sovereigns When it comes to comparing Bitcoin with gold, the common belief is that their finite supply makes them attractive long-term stores of value. However, the analogy between Bitcoin and gold sovereigns, which were widely adopted in the British Empire, is weak. Unlike gold sovereigns, the adoption of which

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The Real Implications of Cash Creation Instead of In Kind

The Impact of Cash Creation on Bitcoin ETFs The Securities and Exchange Commission (SEC) has recently met with potential issuers of spot Bitcoin exchange-traded funds (ETFs) to discuss their applications. As a result of these meetings, issuers have adopted a cash creation methodology instead of the traditional "in kind" transfers used by other ETFs. This

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CoinMarketCap Announces Gaimin’s GMRX Token to Be Incubated by CMC Labs in a Historic First

CoinMarketCap has chosen GAIMIN as one of the first projects to be incubated in its newly launched CMC Labs accelerator program. GAIMIN, a leader in decentralised data processing power, will receive support and guidance from CoinMarketCap in developing its GMRX utility token. CMC Labs: Accelerating Innovation in the Crypto Industry CMC Labs is an incubator

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