Binance, once the dominant force in the cryptocurrency exchange space, has experienced a seven-month decline in its spot market share, which now stands at just 34%, according to CCData, as reported by Bloomberg.  Since August, Binance has seen withdrawals totaling around $12,230 BTC, or $330 million, and around 198,200 Ethereum (ETH), or $323 million. Bitcoin constitutes nearly half the $1 […]

Bitcoin price is struggling to rise above the $27,800 resistance zone. BTC could extend its decline if there is a clear move below the $27,200 support zone. Bitcoin is struggling to start a fresh increase above the $27,800 resistance zone. The price is trading below $27,700 and the 100 hourly Simple moving average. There was a break below a key […]

Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in the criminal trial of former CEO Sam “SBF” Bankman-Fried. According to reports from Inner City Press, Wang addressed the courtroom on Oct. 5 following testimony from former FTX developer Adam Yedidia and Paradigm co-founder Matt Huang. The former CTO reportedly […]

Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%. In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business”, citing the 2022 bear market and the collapse of firms including FTX and Voyager Digital. According to data […]

On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy. According to reports from Inner City Press from the United States District Court for the Southern District of New York, Yedidia took the stand […]

Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing bear market.  According to an Oct. 5 report by blockchain analytics firm Messari, a total of $2.1 billion was raised by crypto startups across 297 deals in Q3 2023, down 36% from the previous quarter and nearly 70% from Q3 2022. Seed funding accounted […]

Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward a catalyst for the next bull run. However, data has shown the highly anticipated ETFs have had underwhelming results in trading volume.  Although the crypto market has witnessed some gains in the past few days, this hasn’t flowed […]

Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. Cryptocurrency price analysis by Coinidol.com. Bitcoin (BTC) Price Long-Term Forecast: Bullish Bitcoin price has started a series of higher highs and higher lows. BTC rose to a high of $28,611 on Oct. 2, but was then pushed back. Today, the price of the largest cryptocurrency […]

Crypto payment service provider Wirex announced the launch of a zero-knowledge proof (ZK-proof)-based noncustodial crypto debit card service called W-Pay on Oct. 3. Wirex’s new decentralized solution utilizes zero-knowledge technology and is built on Polygon’s Chain Development Kit (CDK), promising increased scalability and security. Polygon’s CDK has been built with ZK-proofs in focus, enabling companies and users to develop their own ZK-powered layer-2 […]