Bitcoin Price Holds Ground But Momentum Keeps Fading Below $31K

Bitcoin price is holding the key $30,000 support zone. BTC must settle above $31,000 and $31,400 to start a fresh increase in the near term. Bitcoin is showing a few positive signs above the $30,000 support zone. The price is trading above $30,200 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support […]

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Dubai crypto regulator suspends BitOasis crypto exchange license

Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority. On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action against BitOasis and is reviewing the Dubai-based firm. VARA said BitOasis’ conditional license, granted April 12, permitted it to […]

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Litecoin Price Weakens Below $100 As Bears Extend Their Grip

Litecoin (LTC) has recently faced a significant decline in its price, with bears gaining momentum as it slumps below the crucial $100 mark. LTC, often referred to as the “silver to Bitcoin’s gold,” has been a favorite among investors seeking an alternative to the pioneer cryptocurrency. The bearish momentum behind Litecoin’s decline raises questions about the factors driving this price […]

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Stellar (XLM) Sheds 13% As Bearish Sentiments Take Over

In the past week, Stellar (XLM) experienced a decline in price, moving from $0.1 to $0.096. This represents a decrease of -13.42% in value. Furthermore, in the past 24 hours, XLM recorded a minor drop of -0.61%. These price movements indicate a slight bearish sentiment prevailing in the crypto market, with XLM being influenced by the broader market conditions. The […]

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Polygon Labs CEO Steps Down, Chief Legal Officer Takes The Helm

Polygon Labs, the company behind the Polygon blockchain, has announced management changes as it undergoes a rebrand to the next chapter of its corporate development, known as “Polygon 2.0.”  The company has promoted its chief legal officer, Marc Boiron, to the position of CEO, while President Ryan Wyatt will step down at the end of July and serve in an […]

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Open-source advocates launch OP Stack testnet to fund public goods

Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it […]

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