Data shows that the dollar lending rate and futures volumes of select altcoins can be tracked to pinpoint overheated markets before a crash. Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data from […]

The proposal would result in uniform regulations for digital currency across the EU. The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union. If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French securities regulator, ​​Autorite des Marches Financiers, or AMF. The AMF’s proposal states: “Likewise, granting ESMA the power of direct […]

The trio urged the Olympic committee to work with federal agencies “to protect the privacy of American athletes from the Chinese Communist Government.” Three U.S. senators have signed a letter urging Olympic officials to forbid American athletes from handling digital yuan during the Beijing 2022 Winter Games. In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis requested officials prevent U.S. athletes from using or accepting digital yuan given their allegation it can be […]

BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped. China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash per second (ehash/s) on April 15 to its current rate at 97 ehash/s.  Bitcoin network mean hash rate. Source: Glassnode One token that was hit especially hard […]

Through Polygon Studios, Polygon is attempting to corner two key segments of the blockchain industry: gaming and nonfungible tokens. Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term growth strategy. The newly formed Polygon Studios has three core objectives: establish Polygon’s position as the leader in decentralized gaming; create a brand that attracts developers and investors to its NFT ecosystem; and position Polygon as the best […]

Plaintiff alleges “deceptive ad campaign” cost Coinbase users millions of dollars. A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE) for an entry into a $1.2 million sweepstakes offer on Coinbase. The document claims that Coinbase failed to communicate that a person could enter the sweepstakes without purchasing $100 of Dogecoin. The first day Dogecoin was available […]