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A plethora of crypto exchanges and firms filed for bankruptcy or were on the verge of it. The bear market was ticked off by a depleting stablecoin, TerraUSD. The contagion of this fall was carried on throughout the year which prompted the defeat of several other firms. Amidst this, Visa & Mastercard’s crypto push decided to slow down. According to Reuters, U.S. payment firms Visa & Mastercard were “slamming the brakes on plans to forge new partnerships with crypto firms.” Sources attributed this decision to the increasing collapse of several major firms that occurred throughout 2022. A spokesperson of Visa said, “Recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services.” This certainly comes as a surprise. Earlier this month, Wirex a crypto payments firm teamed up with Visa to provide crypto-enabled debit and prepaid cards to more than 40 co

The Shiba Inu Burn initiative has been one of the most significant developments in the meme coin ecology. With over 549,063,278,876,302 SHIB in circulation, the overall goal is to restrict supply, create scarcity, and ultimately force a price increase. Positively, February started out with respectable burn figures. Shiba Inu burn rate jumped by 10,000% this month as well. The burn rate, like its price, is nevertheless well known for its volatility. Also read: Elon Musk’s Twitter Lays off 50 Employees Citing Cost Cuts Despite the slumping burn rates over the last few days, the burn rate has spiked by 2353.4% in the last 24 hours. Source: Shibburn 82.85 million SHIB sent to dead wallets According to the details from Shibburn, the burn rate has skyrocketed in the last 24 hours, with 82.8 million SHIB sent to dead wallets. The majority of the burns happened in millions in over eight transactions. One notable transaction was worth a whopping 63.8 million, which occurre

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market saw a significant spike on February 14 and then had a flat week. But on February 26th, the majority of cryptocurrencies began to trend lower, with bitcoin dropping under $23,000. Despite this, a few digital currencies were still able to stand out and keep their records clean. And in this post, we’ll look at several new projects that are currently in the presale stage, as well as some of these coins that you should consider adding to your portfolio. Biggest Crypto Gainers Today, February 26 1. Stacks (STX) STX just showed up by soaring more than 140% within less than a week after being comparatively quiet for more than six months. From the beginning of the year, the token has increased by more than 200%, trading at $0.6634 at the moment. Users may create smart agreements for the Bitcoin blockchain using stacks, and the present revolt at STX is partially a result of the rise in b

Join Our Telegram channel to stay up to date on breaking news coverage Binance Coin (BNB) price has been moving within a formidable supplier congestion zone for months now. The tug of war between bulls and bears interrupted every recovery attempt, keeping the price trapped within this bracket. On the upside, BNB price was facing major resistance at the $338.8 supplier congestion zone. Downward, major support was at $260. At the time of writing, Binance Coin was exchanging hands for $301 after losing 3.26% in the last 24 hours. Similarly, the token’s market cap had also plummeted by 3.26% to $47.4 billion. Over the past 24 hours, trading activity for the Binance Coin had also dropped by 10.44% to $414.99 million as investors shied off trading in light of recent news concerning the Binance platform. BNB is the native token of the Binance exchange, featuring among CoinMarketCap’s top 10 by market cap. The token is extremely popular within the crypto playing field and is listed o

Join Our Telegram channel to stay up to date on breaking news coverage What – In a recent announcement , Bithumb, one of the leading cryptocurrency exchanges, has revealed a new trading pair for SHIB. Why – SHIB has attracted many investors with its low trading price and large circulating supply. What Next – The exchange will now support trading between SHIB and Korean Won, making it easier for users to invest in SHIB. Shiba Inu, SHIB, is a meme-inspired cryptocurrency that has recently gaining significant popularity. The cryptocurrency trades on several exchanges, including Binance, Huobi, and OKEx. SHIB Pairs With Korean Won On Bithumb Bithumb’s decision to offer a new trading pair for SHIB will likely increase its popularity among South Korean investors. Adding the South Korean Won (KRW) to the mix gives users more options for buying and selling SHIB. SHIB’s listing and trading activities on the Bithumb exchange came after another Korean digital currency exchange, Up

Join Our Telegram channel to stay up to date on breaking news coverage The Synthetix prediction price is changing hands at $2.70 as the technical indicator Relative Strength Index (14) faces the 60-level. Synthetix Market Price Statistic: Synthetix price now: $2.70 Synthetix market cap: $661.1 million Synthetix circulating supply: $252.8 million Synthetix total supply: $314.8 million Synthetix coin market ranking: #76 SNX/USD Market Key Levels: Resistance levels: $3.20, $3.40, $3.60 Support levels: $2.00, $1.80, $1.60 SNXUSD – Daily Chart SNX/USD is currently trading around $2.70 and once it manages to surpass the potential resistance of $2.90, the next target could be located at $3.00 where it trades above the 9-day and 21-day moving averages. However, a push from here could send the price straight above the upper boundary of the channel as the daily low could be spotted at the $2.40 support level. If the current level fails to hold strong, the Synthetix (SNX) cou

Bitcoin reach ed its all-time high of $69,044 in November 2021 as the markets rallied during the bull run. However, as the bear markets pulled its price down, investors faced losses in 2022. Despite a rally in 2023, Bitcoin is down 65% from its ATH. In this article, we will highlight when BTC could b reach its ATH and move further in the indices. Also Read: Bitcoin To Reach $50,000 by May 2023? ‘Numbers Could Get Big Fast’ Claims Analyst Bitcoin: here’s when BTC could breach its ATH Source: Financemagnates.com Bitcoin reach ed a high of $24,500 in February 2023, and it is looking to climb above the $25,000 mark. A push above $25K may allow Bitcoin to reach $30,000 before it undergoes a correction. The Finder’s panel of experts predicted that Bitcoin could b reach its all-time high of $69,044 in the next two years. According to their prediction, BTC will claim a new ATH in 2025, and the present moment can be the perfect time to accumulate the digital asset. Bitcoin will

The Bitcoin mining firm said it is acquiring OrdinalHub amidst a flurry of interest in mining and purchasing Bitcoin-based NFTs, known as Bitcoin Ordinals. The launch of Bitcoin Ordinals back in January created a stir within the crypto community on their place within the Bitcoin (BTC) ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from the initial peer-to-peer cash system vision of BTC. No matter the community sentiment on the Bitcoin NFT issue, this did not stop Bitcoin mining firm Luxor Mining from acquiring OrdinalHub, the primary platform for Bitcoin NFTs. The announcement came on Feb. 20, saying already 150,000 inscriptions have been made, a 15000% increase from the beginning of the month. Luxor highlighted the fact that the current state of Bitcoin Ordinals being minted and “escrowed" through various Discord servers has made it difficult for collectors and creators to keep track of all of the projects. It claims the OrdinalHu

BTC price action heads lower on the day, but strength is still there beyond the short term, says Michaël van de Poppe. Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States' stock markets opened down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price skids lower with US stocks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp. Bearish signals were already in for the pair after it saw swift rejection during its latest attempt to flip $25,000 to support. Amid suspicions over whale movements on exchanges, monitoring resource Material Indicators concluded that the 200-week moving average (MA) at $25,100 needed to become support for Bitcoin to change its long-term trend. "IMO, until we see full candles above the 200 WMA this is still distribution in a bear market rally, and with the bid wall above $24k, shorting from this level has about as much short term risk as long

Join Our Telegram channel to stay up to date on breaking news coverage What – Following recent reports, the court will revoke Sam Bankman-Fried’s bail over several misconducts. Why – SBF has been under house arrest at his parent’s house till the trial in October 2023, after his $250 million bail. What Next – Meanwhile, discussions are ongoing to determine whether the court will add more conditions to the bail terms. Reports noted that a federal judge presiding over former CEO of FTX case hinted at bail reversal due to attempts to fault bail conditions.  Court Discusses Amendments to SBF’s Bail Terms On February 16 hearing, Judge Lewis Kaplan said there was cause to believe that Sam Bankman-Fried attempted to commit a federal felony while on bail. The judge listed his offence, which includes attempts to tamper with witnesses.  While on Bail, SBF has been actively posting tweets, sharing his view on the bankrupt exchange FTX. He also attempted to contact the current CE