Crypto Bulls Unfazed: Bitcoin Sets New Highs Amidst U.S. Bank Run

  • 19. März 2023 at 8:16

• Bitcoin [BTC] recently made a new all-time high, pushing past the $26K price level.
• Investors are investing in BTC as an alternative to traditional banking due to financial instability in the U.S.
• The Relative Strength Index (RSI) and On Balance Volume (OBV) both showed positive sentiment despite increased sell pressure.

Bitcoin Makes New Highs

Bitcoin [BTC] recently made a new all-time high, pushing past the $26K price level. This move comes after First Republic Bank faced more trouble highlighting uneasiness in the U.S. banking sector and investors looking for alternatives to traditional banking due to financial instability in the U.S.

Bulls Are Adamant Despite Lingering Sell Pressure

At press time, BTC’s value was $27.30K, hovering around its June 2022 price level. Similarly, investors partly fueled this retest, seeking alternatives following the U.S bank run and declining faith in traditional banking system, with bulls being adamant despite lingering sell pressure on BTC at the current price levels of over $25K and below $20K.

Positive Sentiment Despite Increased Sell Pressure

The Relative Strength Index (RSI) retreated to the overbought zone, highlighting increased buying pressure while On Balance Volume (OBV) also made new highs showing genuine demand for BTC as well as positive sentiment despite increased sell pressure as seen through bitcoin exchange flow balance being highly positive on 17 March with more BTCs flowing into exchanges than out indicating increased selling pressure at that time..

Bulls Defending A New Support Level

If bulls manage to defend the new support at $27208 then Bitcoin could retest $27757 or increase further up to $2817 and other key resistance levels at 2865 and 2951 respectively . Alternatively short sellers could gain leverage if Bitcoin closes below 2721 but bears must clear two hurdles 2637 and 2507 respectively before any major bearish trend can be seen . A break below 26 period EMA 2529 could attract more aggressive selling but this drop could likely slow down near 2398 or 200 EMA 2306 .

In conclusion , it is clear that even though there is still some sell pressure present , bulls are adamant about protecting their gains against any bearish momentum which leads us to believe that Bitcoin might just continue its upward trajectory even further provided that they are able to defend against any strong bearish moves .

VeChain [VET] Set to Upgrade Mainnet, Price Prediction for 2023-24

  • 12. März 2023 at 15:58

Overview of VeChain (VET)

• VeChain is a blockchain platform that was launched in 2015 to provide supply chain solutions and has gained significant adoption in a variety of industries.
• It raised funds through an initial coin offering (ICO) in 2017 and since then has become a leading platform for supply chain management solutions.
• It recently announced VeChainThor’s most significant mainnet hard fork ready for deployment following the successful vote on VIP-220 dubbed the ‚Finality with one Bit‘.

VeChain Token

VeChain is built on two tokens, VET, which is the primary token used for storing and transferring value, and VTHO, used for transaction fees. The separation of these two tokens helps ensure a stable price for the token used for transaction fees. At press time, VET was trading at $0.020, down by almost 20% over the past week. The altcoin’s market capitalization was as high as $1.7 billion with the crypto ranked 37th on the price charts.

Features & Adoption

VeChain started out in 2015 as a private consortium chain, collaborating with a variety of businesses to investigate blockchain applications. It helps companies to create decentralized applications (dApps) and carry out transactions with higher levels of security and transparency. In June 2020 it announced its $100 million multi-year deal with UFC which was recently seen at UFC 280, where it actively took part in promoting sustainability initiatives through its blockchain technology.

Upcoming Upgrade

         VeChain is currently mulling over a significant Proof of Authority upgrade which will integrate VIP-220 with the VeChain Thor Mainnet. If approved by all stakeholders‘ votes, VeChain would be able to launch its decentralized finance protocol on its own mainnet – making it easier to build new products from scratch without having to rely on third party resources or protocols such as Ethereum or Tron’s TRC20 tokens etc..


         VeChain is an enterprise grade L1 smart contract platform that has been gaining traction within various industries due to its focus on security and transparency as well as its use of cutting-edge technology – making it an attractive choice among businesses looking to streamline their supply chains operations.. Its upcoming hard fork upgrade could pave way for more innovation through DeFi protocols being built directly on VeChain’s mainnet – helping increase further adoption of this blockchain solution across various industries around the world

Cardano’s Governance Proposal Draws Criticism – ADA Price Impacted by FUD

  • 5. März 2023 at 23:40

• Vanessa Hariss, a Senator at Team Kujira, criticized Cardano’s proposed governance structure as being non-centralized and giving too much power to IOG.
• Charles Hoskinson responded to the claims saying it was an example of FUD spreading.
• As sentiment around ADA dimmed, its price and volume decreased, leading to increased volatility.

Vanessa Hariss‘ Criticism of Cardano Governance

Vanessa Hariss, a Senator at Team Kujira (a decentralized ecosystem for protocols), on 5 March claimed that the Cardano governance was not centralized. In a Twitter thread, she stated that IOG (Input Output Global), the company behind Cardano’s formation, could dominate a large part of Cardano’s governance due to the CIP-1694 proposal. According to her, this would be occurring due to the CIP-1694 proposal which will give away a lot of power to Cardano’s Constitutional Committee — comprised of insiders from IOG — which would be able to veto any governance action except motions of no confidence and calls for a new committee. She also mentioned that ADA stakers will not be afforded a platform to participate in the governance affairs of Cardano without either paying fees or becoming delegates themselves.

Charles Hoskinson Responds

Well, much to the surprise, Charles Hoskinson responded quickly to these claims. He dismissed these statements saying „This is categorically false and a great example of how FUD spreads.“ In response many users have requested for more clarification on these doubts about the Cardano governance through Twitter spaces organized by Charles Hoskinson himself.

ADA Sentiment and Price Impacted

Meanwhile, all the talk about the Cardano governance affected sentiment around ADA negatively as per Santiment’s data. Furthermore, the volume of ADA also fell from 258 million over last month down to 185 million at press time. During this period ADA’s price showed strong correlation with its volume decreasing 16% in total leading up till now increasing volatility further for ADA holders buying into it currently making it riskier asset then before if trend continues in same direction or not remains yet seen but here we can have look at what market cap looks like in BTC terms(see below).

Market Cap in BTC Terms

Realistic or not here’s what market cap looks like in terms of Bitcoin: Source: Santiment


Despite criticism directed towards cardanos proposed constitution their spokesperson Charles Hoskinson was quick enought o address those concerns dismissing them via his twitter account calling them FUD but still it had impact on overall sentiment causing prices+volumes both combined dropping significantly ,however future remains yet seen as far as trend is concerned so only time can tell what lies ahead for ADAs future potential .

UNI Trading Volume Falls, Short Positions Increase – Is Trouble Ahead?

  • 27. Februar 2023 at 7:22

• Uniswap’s trading volume and revenue have declined significantly in the past few days.
• On-chain metrics suggest a negative outlook, with fewer unique users and lower fees being collected by Uniswap protocol.
• Traders are taking short positions against UNI as the MVRV ratio continues to decline.

Uniswap Trading Volume Declines

Uniswap’s trading volume has been steadily declining as its revenue has also declined. According to recent data provided by token terminal, the trading volume of UNI decreased significantly over the past few days.

Decreasing Unique Users

Data from Dune Analytics revealed that daily transactions on Uniswap DEX have dropped considerably, which could be due to decreasing number of unique users on the network. As per Messari, this number decreased by 0.12% in last 24 hours. Additionally, fees collected by the protocol dropped 4.1% over last week, impacting it’s revenue which decreased 0.47%.

UNI Velocity Increases

According to Santiment, UNI’s velocity increased substantially in last week with most of these transactions being UNIs sold at loss – indicated by spike in transaction volume at a loss and decrease in MVRV ratio meaning addresses were losing money on their holdings and selling off quickly regardless of losses incurred. This drove prices down and traders turned pessimistic towards UNI token as per Coinglass data showing increase in short positions taken against it recently.

Uniswap Dominance Continues

Despite these challenges, Uniswap still remains dominant force in DEX space occupying 75% market share at press time – yet to be determined whether these issues will affect its dominance or not long term.


In conclusion, Uniswap is facing several challenges such as decreasing trading volumes and revenues along with an increasing number of short positions taken against UNI tokens; however it still maintains its dominance within the decentralized exchange marketplace for now despite recent declines in performance metrics such as user numbers and fees collected by protocol.

ApeCoin Soars as Popular NFT Collectibles See Trading Boom

  • 20. Februar 2023 at 15:04

• Popular NFT collections saw an increase in trading volume and sales.
• ApeCoin found favor with whales, but network traffic declined.
• Yuga Labs accused of IP theft for one of its logo designs.

Jump in Trading Volume and Sales

Popular NFT collections of the ecosystem recorded a jump in trading volume and sales. Native token ApeCoin found favors with whales but network traffic tapered down. Yuga Labs‘ blue-chip NFTs posted solid growth over the past week in most of its key performance indicators. According to data from OpenSea, the popular collection Bored Ape Yacht Club’s (BAYC) trading volume surged 150% over the last seven days and the number of sales grew in a similar fashion.

Mutant Ape Yacht Club Performance

The trading volume for Mutant Ape Yacht Club (MAYC) almost doubled over the past week, with a considerable rise in its floor price as well. The increase in floor price indicated that MAYC remained high on the list of NFT traders and collectors.

Apecoin Value Today

How much are 1,10,100 APEs worth today? Surprisingly, the growth in aforementioned areas came amidst a raging controversy where Yuga Labs allegedly used an unlicensed design for the logo of its Bored Ape Kennel Club (BAKC) NFT collection. Yuga Labs‘ co-founder reacted to the allegations and stated that the BAKC logo will be changed. At the time of writing, the controversial wolf skull was dropped from the logo on OpenSea’s portal.

Whale Stats Tweet

The ecosystem’s NFT token ApeCoin [APE] managed to shrug off negativity from this episode too as it became one of most used smart contracts among top Ethereum [ETH] whales, as per a tweet by WhaleStats. Token unlocks could derail ApeCoin Despite interest shown by whales, APE’s supply on exchanges increased, per data from Santiment – a bearish signal for token’s price. On-chain data didn’t evoke much enthusiasm either; daily active addresses dropped sharply over last 10 days; token failed to garner any significant traction either at launch or after it got listed on major exchanges such as Coinbase Pro & Uniswap V3 respectively..

Yuga Labs Logo Changed

Saw claims today about BAKC logo being news to Yuga Labs; freelancer hired for design & Easy Drawing Guides contacted;logo will be changed & updated on site/ask marketplaces to change as well – tweeted CryptoGarga (co-founder).

MetaMask Warns Investors of Phishing Attempts, Namecheap Stops Fraudulent Emails

  • 13. Februar 2023 at 22:43

• MetaMask warned investors against ongoing phishing attempts.
• Namecheap confirmed that it was successful in stopping the fraudulent emails.
• Namecheap and MetaMask advised users to double-check website links, email addresses, and points of contact.

MetaMask Warns Investors Against Phishing Attempts

Crypto wallet provider MetaMask put out a warning to its investors against ongoing phishing attempts by scammers attempting to contact users through Namecheap’s third-party upstream system for emails. The web hosting company Namecheap discovered misuse of one of its third-party services and stopped it immediately. No customer data was leaked as a result of the hack.

Namecheap Confirms Stopping Fraudulent Emails

Namecheap also confirmed that its services were not compromised and that no customer data was leaked as a result of the hack. Within two hours of receiving the initial notification, Namecheap confirmed that mail delivery had been restored and that all communications would now come from the official source. However, the main issue of unsolicited email distribution is still being investigated.

MetaMask Advises Users to Double Check Website Links

When dealing with MetaMask and Namecheap communications, investors should double-check website links, email addresses, and points of contact. The hacker’s phishing emails include a link to a fake MetaMask website that requests a secret recovery phrase to keep customer wallets secure. The wallet provider advised investors to avoid sharing seed phrases because it gives the hacker complete control of the user’s funds.

NameCheap Investigates Unsolicited Email Distribution

The incident was described by Namecheap as an email gateway problem but they are continuing their investigation into unsolicited email distribution from one of their third party services used for sending emails.

Conclusion: Avoid Sharing Seed Phrases For Security Purposes

In conclusion, both MetaMask and NameCheap have reminded users about online security issues when it comes to dealing with digital currency transactions or any other service related activities online such as checking website links or emails from unknown sources before taking any actions on them . Furthermore, investors should avoid sharing seed phrases because it gives hackers complete control over their wallets which could lead to financial losses in extreme cases

Binance Halts USD Bank Transfers; Unveils Tax Tool

  • 7. Februar 2023 at 6:26

• Binance, the world’s largest crypto exchange by market cap, is reportedly halting USD bank transfers for a few weeks.
• The halt follows after its banking partner put a limit on the USD transfer amount and UK bank Nationwide restricted card payments to Binance.
• Binance unveiled a new tool for tax purposes – Binance Tax which is free and currently available for users in Canada and France.

Binance Halting USD Bank Transfers

Binance, the world’s largest crypto exchange by market cap, is reportedly halting USD bank transfers. The halt will last for a few weeks till the crypto exchange partners with a new banking agency, as per a Twitter post by DB Newswire. Additionally, the USD services will halt on February 8th from 22:00 UTC, according to an email from Binance. All balances and other platform functions remain unaffected during this time.

Limitations Placed By Banking Partner

The update comes days after the crypto exchange revealed that its SWIFT banking partner had set a limit to USD transfers. The unnamed banking partner banned transfers below $100k via its SWIFT payment system, affecting users with USD accounts. Furthermore, UK bank Nationwide has restricted card payments to Binance due to increasing scams related to crypto and regulatory uncertainty. However, Nationwide still allows withdrawal of funds on Binance via their Nationwide account and cannot remove restrictions without direct consent in person or by telephone.

New Tool For Tax Purposes

In light of these matters, Binance unveiled a new tool for tax purposes – Binance Tax which is free and currently available for users in Canada and France supporting 100,000 transactions. This helps users stay up-to-date with their crypto-related tax liabilities with minimal effort and time consumption.

Issues With Service Providers

Binance’s issues with service providers don’t end here as the company has recently faced disruptions in other services too including banking services in certain countries like India where banks have suspended activities relating to cryptocurrencies since April 2020 due to RBI’s ban on them since 2018 while allowing trading of only registered cryptos like Bitcoin (BTC).


Despite all these issues faced by one of the leading cryptocurrency exchanges globally over recent times due to various bans imposed by governments across different countries along with service providers putting limits on their activities; these problems should be resolved soon allowing investors full access again once they get proper approvals from authorities soon enough so that they can continue trading without any disruption or hindrance while filing taxes accurately using tools such as ‘Binancetax’ provided by them itself thereby providing convenience through innovation in this industry making it more reliable than ever before!

St. Maarten Adopts TRON [TRX] as Legal Tender, Boosting Global Adoption

  • 24. Januar 2023 at 21:49

• St. Maarten announced plans to adopt TRON [TRX] as a legal tender.
• TRX responded positively and registered gains on its daily chart, according to CoinMarketCap.
• TRON’s one-day price volatility and social volume also registered an uptick.

St. Maarten recently made headlines when it announced its plans to adopt TRON [TRX] as legal tender. This news was met with positivity in the market, as TRX’s price increased by 2% in the last 24 hours. According to CoinMarketCap, TRX was trading at $0.063, with a market capitalization of over $5.7 billion.

This decision to adopt TRON as legal tender can be attributed to the initiative of MP Rolando Brison, Leader of the United People’s Party. Brison believes that by working with TRON as its chosen blockchain infrastructure, St. Maarten could gain access to TRON’s rapidly expanding and inclusive global ecosystem, which would help boost the island’s appeal for foreign travelers, who are crucial to the local economy.

TRON’s performance on the metrics front also looked quite promising. For instance, TRX’s one-day price volatility registered an uptick, thanks to the recent price gains. The network’s social volume also went up, reflecting its increased popularity.

TRON founder Justin Sun was quick to react to the news, tweeting “Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.”

This is a major step forward for TRON, as it can now be used as legal tender in St. Maarten, and marks a significant milestone in the network’s goal of increasing its global adoption. The news has also been well-received by the community, with many users expressing their excitement and optimism in regards to the news.

TRON is already one of the most popular blockchains in the world, and with this latest development, it is likely to continue to grow and become even more popular. This move could also have a positive effect on TRX’s price and metrics in the near future, so investors should keep an eye out for any further news regarding TRON’s adoption as legal tender.

SushiSwap Announces Updates, But User Numbers Declining

  • 18. Januar 2023 at 5:32

• SushiSwap announced updates and new roadmap on 17 January to improve the ecosystem and boost the declining user numbers in its protocol.
• These updates include launching DEX aggregators in Q1 of 2023 and allocating funds and resources to support its NFT ecosystem.
• Despite these plans, the number of users and transactions on SushiSwap have declined substantially, leading to a decrease in revenue.

SushiSwap, one of the most popular decentralized exchanges (DEX) in the crypto space, recently announced updates to its roadmap and plans for the future. On 17 January, the project revealed its plans to improve the ecosystem and increase the number of users in its protocol.

The updates included launching DEX aggregators in the first quarter of 2023. These aggregators will provide users with a single interface to access multiple DEXs and find the best prices for their trades. This could be beneficial for SushiSwap as it seeks to increase its market share in the DEX space. Furthermore, the project is also looking to strengthen its position in the NFT market. To this end, SushiSwap has allocated funds and resources to support its NFT ecosystem and launch a new NFT marketplace in the upcoming months.

Despite these developments, the situation at SushiSwap appears to be dire. According to Dune Analytics, the number of monthly users on the network has declined from 30,124 three months ago to 12,184 at press time. Furthermore, the number of transactions on the protocol has also decreased. This has affected SushiSwap’s ability to generate revenue, with the revenue generated by SushiSwap declining by 30.19% to $2.04 million at press time.

Despite the declining numbers, holders of the SUSHI token remain supportive of the project. It remains to be seen whether SushiSwap’s updates and new roadmap will be able to turn the situation around and attract more users to its protocol.

Avalanche (AVAX) Soars 35% as Total Value Locked Reaches $842.7M

  • 18. Januar 2023 at 5:31

• Avalanche (AVAX) rallied by over 35% last week.
• AVAX’s Total Value Locked (TVL) went up by over 4% to $842.7 million.
• Avalanche announced that it would support the stablecoin USP created by Platypus DeFi.

The crypto market saw some bullish movements last week, with the most notable gainer being Avalanche (AVAX). The native token of the Avalanche blockchain rallied by over 35% and received a lot of interest from the derivatives market. To get a better idea of how AVAX performed last week, the blockchain released its weekly report highlighting the most notable metrics.

AVAX’s Total Value Locked (TVL) went up by over 4% during the last week and reached $842.7 million. Wonderland, SWAPSICLE, RiskHarbor, and PinkSale were the top TVL gainers last week. However, though the TVL and market capitalization registered upticks, AVAX’s active addresses and transaction count declined by over 9% and 27%, respectively.

The Avalanche C-chain also saw some changes. According to the data, gas consumption increased, but total transactions decreased by 33%.

Apart from this, Avalanche announced another major update. The blockchain has officially confirmed that it would support the stablecoin USP created by Platypus DeFi. The stablecoin rollout will increase the Avalanche network’s offerings, which will probably increase demand for AVAX in the coming months.

Last week was a promising one for Avalanche and its native token AVAX. The bullish sentiment in the market, coupled with the new developments made by the Avalanche blockchain, is likely to have a positive impact on the token’s price in the coming days.