Analysis

Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground
Analysis

Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  This week, the word “Evergrande” found its way into the vocabulary of every western investor. After years of watching the corporation’s football team on TV and drinking its bottled water, Crypto Twitter was the last place the Man in Shanghai expected to find it. After facing debts of over $300 billion, all types of rumors swirled, leading its Hong Kong-listed shares to drop 80% and a massive crypto sell-off early in the week.  Misreading their tea-leavesThe western experts had split opinions on the issue, with CNBC’s Jim Cramer urging peo...
Safemoon price analysis: SAFEMOON bounces back as market recovers
Analysis, Price Analysis - Top 10 Crypto

Safemoon price analysis: SAFEMOON bounces back as market recovers

The cryptocurrency market finally recorded a win this week after spending the first few days recording losses The cryptocurrency market didn’t start the week in an excellent fashion. The prices of most coins dropped by more than 10% in the past week, with some of them dropping from their all-time highs. Bitcoin lost its support above $47,000 and dropped below $42,000 earlier this week. The losses recorded by the leading cryptocurrency resulted in other coins also experiencing a bearish trend. Ether fell below the $3,000 mark for the first time in weeks after losing more than 10% of its value earlier this week. However, it is now up by 6% in the past 24 hours and is trading above $3,100 again. The bulls could look to push ETH towards the $3,500 mark over the coming hours and days. Cardano (...
Tron price analysis: TRX slips below its 200 SMA on the 4-hour chart
Analysis, Price Analysis - Top 10 Crypto

Tron price analysis: TRX slips below its 200 SMA on the 4-hour chart

The cryptocurrency market hasn’t had a good start to the week, with Bitcoin and other major cryptos losing more than 10% of their value in the past few days The cryptocurrency market continued its poor start to the week with yet more losses recorded by the leading cryptos. Bitcoin dropped below the $43,000 mark and it is now trading above $42,000 per coin. The leading cryptocurrency has lost nearly 2% of its value over the past 24 hours. Ether’s losses are twice that of BTC as it is down by 4% during that period. ETH has finally dropped below the $3,000 level and could drop lower soon. Binance Coin, Solana, XRP and Dogecoin are also trading in the red zone. Tron has underperformed in recent days and could slip below the $0.090 level in the coming hours as the market continues to record los...
Adapt or die: Payments giants partner with crypto firms to ensure security
Analysis

Adapt or die: Payments giants partner with crypto firms to ensure security

Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets. For example, although payments giants such as Mastercard and Visa currently offer crypto-enabled credit and debit cards, these companies are also forming partnerships with crypto organizations to enable better security and trust for consumers transacting with digital currencies. Shedding light on the matter, Ajay Bhalla, president of cyber and intelligence at Mastercard, told Cointelegraph that Mastercard’s customers and other partners are seeking solutions to ensure that the crypto economy is ...
Chainlink price prediction: LINK could drop to sub-$20 levels
Analysis, Price Analysis - Top 10 Crypto

Chainlink price prediction: LINK could drop to sub-$20 levels

The cryptocurrency market continues its losing start to the week, with Bitcoin now trading just above the $43k level The cryptocurrency market started the week poorly, and it has now extended to the second day of the week. Bitcoin is down by 4% in the past 24 hours and is likely to drop to the sub-$42,000 level over the coming hours. Ether was also affected after the second-largest crypto by market cap lost 2% of its value in the past few hours. ETH is now struggling to defend its price above $3,000 and could drop to the $2,900 region if the current market conditions don't change. XRP, Polkadot, Dogecoin, AVAX and Uniswap are also some of the leading cryptocurrencies that are recording losses at the moment. Chainlink is down by nearly 6% and is looking likely to lose its support level abov...
Dogecoin price analysis: DOGE loses 9%, drops to 10th largest coin
Analysis, Price Analysis - Top 10 Crypto

Dogecoin price analysis: DOGE loses 9%, drops to 10th largest coin

The cryptocurrency market had a rough start to the week, with the prices of most coins currently trading in the red zone The cryptocurrency market has started the week in a negative fashion. The prices of most cryptocurrencies are down by 2% or more, with the total market cap dropping below the $2 trillion mark for the first time in weeks. Bitcoin has dropped below the $45,000 level again after being unable to mount a challenge to take it past the $50,000 resistance point. BTC is currently down by 6.5% in the past 24 hours. Ether is also one of the biggest losers, down by nearly 9% in 24 hours. ETH is trading above $3,100 and could drop below the $3,000 support level if the current market conditions aren't reversed. Dogecoin has underperformed in recent months, and its poor run has continu...
Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20
Analysis

Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20

Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these venerable institutions’ purview. It is also clear that the outcomes of these legal battles will have tremendous effects on crypto markets, adoption and, generally, the relationship between state power and the industry worldwide. But that is not the only reason for anyone interested in how the old world adapts to digital finance to follow U.S. developments closely.Gensler of the HillSecurity and Exchange Commission Chair Gary Gensler appeared in front of the Senate Committee on Banking, Housing, and Urban Affairs last week. Durin...
CFTC renewed: What Biden’s new agency picks hold for crypto regulation
Analysis

CFTC renewed: What Biden’s new agency picks hold for crypto regulation

On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated Rostin Behnam, who has run the derivatives regulator as acting chairman since January, to assume the office on the permanent basis.The appointments are unlikely to face serious obstacles on their way to confirmation, as nominees will have to secure a simple majority vote in a Senate currently controlled by Democrats. What can the crypto industry expect of the CFTC if Behnam assumes permanent chairmanship and Kristin Johnson and Christy Goldsmith Romero join the agency as commissioners?Bringing the commission up to strengthIn 2015, the CFTC came forward and defined Bitcoin (BTC) and other digital cur...
Smashing crypto adoption barrier? Solana aims to do its own ‘thing’
Analysis

Smashing crypto adoption barrier? Solana aims to do its own ‘thing’

There was a lot of talk at SALT Conference 2021 about Solana Labs, the supersonic racer of layer-one blockchain networks. Not surprisingly, much of that conversation centered on speed — or, in network parlance, transactions per second (TPS).If blockchain technology is ever to achieve mass adoption — 1 billion users, say — then it has to get faster, said Sam Bankman-Fried, CEO of crypto exchange platform FTX, in a Monday morning panel session, adding, “You can’t have 1 billion people using a chain that has 10 transactions per second. It just doesn’t work.”To put things in context: Credit card giant Visa’s payments system processes about 24,000 TPS, while Ethereum, the first smartchain-enabled blockchain network upon which most DeFi and NFT applications still run, does about 30 TPS, though t...
Solana, Litecoin and Ethereum Classic price analysis: Bears retake control
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Solana, Litecoin and Ethereum Classic price analysis: Bears retake control

After recovering from an earlier slump, the cryptocurrency market is heading into the red territory again as bears start to regain control The cryptocurrency market is trading in the red zone again after bouncing back from the early slump this week. Solana, Litecoin and Ethereum Classic are looking bearish at the moment. The three cryptocurrencies could suffer further losses over the coming days if the sentiment continues. Solana price outlook The SOL/USD 4-hour chart is currently bearish, with the coin down by 12% in the past 24 hours. The Solana network experiencing a blackout for nearly 24 hours contributed to the coin’s underperformance, and it has now lost the sixth position in the market cap rankings to XRP. SOL/USD 4-hour chart. Source: TradingView SOL is trading at $140 per coin a...