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THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain ecosystem, remains under pressure, losing 12% at press time. The drop over the last 24 hours means the token is down nearly 70% from March…

The post Breaking Down the BTC Revolution in 2024: A Q&A with pSTAKE Finance Founder Mikhil Pandey appeared first on Coinpedia Fintech News Thanks to upgrades and improvements in 2024, Bitcoin’s emerging DeFi sector, BTCFi, is booming. With new utility for crypto’s most dominant coin, projects are racing to provide new products and services like liquid staking so users can make the most out of their holdings. I sat down with Mikhil Pandey, founder of Binance-backed Bitcoin yield and liquid…

While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of a US recession is causing palpable tension in financial markets. This is especially pertinent for Bitcoin, which has not yet weathered a full economic downturn…

The post SEC Cracks Down on FTX Repayment Plans! appeared first on Coinpedia Fintech News FTX is in trouble again! Recently, the SEC has filed a warning against the FTX estate, a possible signal to object to using stablecoins or other digital assets to repay creditors. The agency, alongside the U.S. Trustee, also objects to a discharge provision that would limit future liabilities of the FTX debtors. FTX plans to repay creditors in cash or stablecoins despite proposals to restart…

The post TON Down 10%; TRX Continues Rally; Intel Markets Kicks of ICO, Preparing to Reshape Crypto Trading appeared first on Coinpedia Fintech News The crypto market took another sudden turn as Bitcoin (BTC) tumbled below $60,000. Toncoin (TON) swung low and down by over 10%, despite Pavel Durov’s release from custody. Meanwhile, TRON (TRX) maintains traction, oblivious to larger bearish sentiment. At the same time, a new player has stolen the spotlight, aiming to reshape crypto trading: Intel Markets…

With the crypto market eyeing to end August on a sour note, the altcoin sector saw more pain in the short term after the broader market dipped in the past 24 hours. This led to altcoins like TIA facing significant losses on all timeframes. According to CoinGecko, TIA saw 23% in losses since last week, becoming one of the biggest losers since the market’s correction phase began. Despite the token’s underperformance, August was a great month for on-chain growth for…

Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors.  This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this year. Critical data from Farside Investors reveals decreasing interest in Ethereum ETFs, which has added to the cautious sentiment surrounding ETH. This decline in interest may indicate…

With the market resuming its bearishness today, August 30th, Injective continues to slip and slide. According to CoinGecko, INJ took a nose dive by 16% which slashed any hopes of a short-term recovery. Although the token’s performance leaves much to be desired, developments on-chain continue to unfold, cementing Injective’s position within the community. Several developments hold the bay against the bears, but the question of when will INJ and the market recover remains.  Injective Announces Release Of Web-Based IDE: Remix…

Some consternation is probably being felt across the crypto market, as Bitcoin returned to the major support at $58,000 once again. Will $BTC keep knocking on this level until it eventually falls through? Or are the last few weaker hands being shaken out before a surge back to the highs? Don’t get caught up in all the noise The life of a holder of Bitcoin cannot be easy. There is the constant spectre of some huge entity selling, and the…