Why Bitcoin Is Struggling Above $28.5K
Bitcoin failed to break the $28.5K resistance due to economic headwinds from Fed policy, low futures premium indicating weak leverage demand, and fading confidence in spot BTC ETF approval.
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XRP Faces Resistance at $0.54, Positive Catalysts Needed for Breakout
XRP is facing significant resistance at the $0.54 level after rallying for 3 weeks. Ripple’s new Singapore license could provide the catalyst needed to push beyond this barrier.
Netmarble Lists Gaming Coin on Japanese Exchange
South Korean video game company Netmarble’s blockchain arm MarbleX will list its MBX coin on the Japanese exchange Zaif, becoming the first South Korean gaming firm to list a token in Japan.
Litecoin Flashes Bearish Signals, LTC Price At Risk of Selling Wave
Litecoin’s price faces further downside risk after flashing bearish signals unless key support around $62-$65 can halt the decline.
HK’s CMCC Global Raises $100M for New Blockchain Fund
Hong Kong-based Web3 and blockchain fund CMCC Global has launched a new $100 million venture capital fund called Titan Fund focused on early-stage investments.
Uzbekistan Updates Crypto Mining Rules
Uzbekistan has introduced new regulations for cryptocurrency mining, detailing requirements for legal entities and approved energy sources.
PayPal Explores NFT Marketplace After Launching Stablecoins
PayPal has filed a patent for an NFT marketplace after launching stablecoins, indicating interest in crypto and Web3.
CZ Says No to SBF: Binance Rejects $40M Lifeline to FTX
Binance CEO Changpeng Zhao once turned down a $40 million funding request from Sam Bankman-Fried for a futures exchange, according to the new FTX book by Michael Lewis.
El Salvador Launches First Bitcoin Mining Pool with Volcano Energy
El Salvador’s Volcano Energy renewable Bitcoin mining project begins operating its first local mining pool in partnership with Luxor Technology.
Google’s new Pixel Phone Gets Smarter with AI Upgrades
Google announced new AI-powered Pixel phones and previewed its Bard assistant with advanced conversational abilities at its annual fall event.