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US senator Toomey introduces stablecoin bill as congressional session wraps up

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

US senator Toomey introduces stablecoin bill as congressional session wraps up

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

California regulators order MyConstant to cease crypto-lending services

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

California regulators order MyConstant to cease crypto-lending services

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

California regulators order MyConstant to cease crypto-lending services

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

Both former executives of FTX and Alameda Research have been charged for their role in the frauds that led to FTX's collapse.

Crypto could spark the next financial crisis, says India’s RBI head

Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.

Twitter quietly adds BTC and ETH price indexes to search function

Twitter searches for “$Bitcoin,” “Bitcoin price” and “Bitcoin price” also pulls up the price chart, with equivalent searches working for Ethereum too.

Twitter quietly adds BTC and ETH price indexes to search function

Twitter searches for “$Bitcoin,” “Bitcoin price” and “Bitcoin price” also pulls up the price chart, with equivalent searches working for Ethereum too.

10 crypto tweets that made a splash in 2022

From Vitalik Buterin to Elon Musk, these tweets from 2022 provide a look back at some of the year’s action.

zkEVM could be the endgame for blockchain infrastructure

Zero-knowledge virtual machines have the potential to revolutionize the portability of smart contracts, removing crypto’s last barrier to mass adoption.

SEC files unregistered securities charges against Thor Token creators for 2018 ICO

Thor Technologies got a lump of coal in its Christmas stocking from the SEC in the form of charges relating to the ICO for its Thor Token that failed a year later.

DEX aggregator OpenOcean enables cross-chain swaps across major networks

Users will be able to swap and bridge assets across multiple networks like Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, and Fantom.

Coinbase secures VASP registration in Ireland

Operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup.

Price analysis 12/21: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Bitcoin and select altcoins are showing signs of a possible recovery in the near term but higher levels may continue to attract sellers.

Price analysis 12/21: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next year may either remain flat or turn negative. 

Jurrien Timmer, director of global macro at asset management giant Fidelity Investments, tweeted on Dec. 19 that the United States equities markets may remain “sideways” and choppy in 2023. He expects “one or more retests of the 2022 low, but not necessarily much worse than that.”

Daily cryptocurrency market performance. Source: Coin360

The cryptocurrency market has been largely correlated with the S&P 500 in 2022. Unless both markets decouple, the sideways or negative action in the equities markets may not bode well for the cryptocurrency market.

Analysts remain divided on the future price action for Bitcoin (BTC). While some expect a recovery, others anticipate another leg lower. Let’s study the charts of the top-10 cryptocurrencies to determine the path of least resistance in the short term.

BTC/USDT

Although Bitcoin has been trading below the 20-day exponential moving average ($16,985) since Dec. 16, the bears have not been able to capitalize on this situation. This suggests that lower levels are attracting buyers.

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Price analysis 12/21: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Bitcoin and select altcoins are showing signs of a possible recovery in the near term but higher levels may continue to attract sellers.

Sam Bankman-Fried is one step closer to US extradition: Report

Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly in attendance to witness the former FTX CEO waiving his right to a formal extradition process.

A beginner's guide to NBA Top Shot NFTs

NBA Top Shot is a nonfungible token (NFT) marketplace that enables basketball fans to buy, sell and trade NBA-themed digital collectibles.

These collectibles are "Moments" — NFTs of NBA video clips and digital art — available per their degree of rarity. In other words, users can trade NFTs that feature anything from a winning three-pointe from Luka Dončić to a dunk from Lebron James, depending on their availability.

A NBA Top Shot Moment listing example. Source: Official Website

The concept is akin to traditional sports collectible where fans attempt to acquire the rarest of items associated with teams, with an aim to either collect or sell it later at a higher price. Except, in the case of NFTs, these collectibles are digital — unique cryptographic tokens that exist on a blockchain and theoretically cannot be replicated.

How does NBA Top Shot work?

NBA Top Shot is officially licensed by the NBA, the NBA Players Association, and Dapper Labs. The marketplace runs on the FLOW blockchain, which Dapper Labs built as a developer-friendly ledger to support "the next generation of games, apps, and digital assets."

As explained above, the NBA Top Shot platform functions like trading cards. It starts with the NBA licensing its reels and digital art to Dapper Labs. In turn, Dapper Labs uses the footage to create Moments as NFTs.

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Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone

Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.

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