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Crypto Analysis
Ethereum average gas fee falls down to $1.57, the lowest since 2020
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For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638. The Ethereum (ETH) ecosystem’s biggest…
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
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Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange. Crypto exchange KuCoin found itself at the center of discussion when a…
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
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According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the…
June roundup: Who’s hiring and who’s firing in the crypto space
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Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts. Amid the recent volatility in the crypto market affecting investments and stock prices, many firms made significant staff cuts in the…
Deutsche Bank analysts see Bitcoin recovering to $28K by December
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Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500. Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues…
Worst quarter in 11 years as Bitcoin price and activity plunges
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Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either. Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and…
Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high
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SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis? The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down…
Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity
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Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset…
Ethereum $1K price support in danger as Q2 comes to a close
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The latest ETH plunge has triggered a bearish continuation setup, with an interim downside target 20% below the current prices. Ethereum's native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier…
Hong Kong Digital Asset Exchange Limited(HKD.com) announces M+A with Technicorum Holdings, creating…
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SINGAPORE & HONG KONG – JUNE 28 , 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joint…