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The recently launched social crypto app friend.tech has quickly amassed over 100,000 users. However, the sustainability of its growth remains uncertain, as the crypto community debates whether friend.tech is just another fleeting trend or a more enduring platform. How Friend.tech's Social Tokens Work Friend.
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Former SEC enforcement official John Reed Stark has reiterated his belief that legal action by the US Department of Justice against leading crypto exchange Binance is imminent. Stark points to a recent Wall Street Journal report on Binance's alleged ties to sanctioned Russian banks as further reason why
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President Joe Biden recently announced a new student loan repayment plan called SAVE (Saving on A Valuable Education) that aims to provide relief for federal student loan borrowers. The plan could lower monthly payments and help some borrowers get their loans forgiven sooner. This move has implications not just for
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Mortgage rates crossed above 7% this past week for the third time since April 2002, according to Freddie Mac. The rapid ascent in borrowing costs presents headwinds for crypto as well. Mortgage Rates Reach New Highs The average 30-year fixed mortgage rate climbed to 7.09% for the week ending
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Housing remains historically unaffordable for many Americans, according to Morgan Stanley analysis. While tough for homebuyers, persistent affordability issues could indirectly benefit cryptocurrency adoption. Affordability Strains Continue for Housing Data from Morgan Stanley shows the median monthly mortgage payment has jumped 13% over the past year, topping $240. This reflects
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A new survey shows economists increasingly believe the Federal Reserve can tame inflation without triggering a recession. This shifting sentiment could provide a bullish catalyst for cryptocurrencies. Soft Landing Odds Appear Better Recently According to the National Association for Business Economics (NABE), nearly 70% of economists are at least somewhat
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The Bank of Korea is widely expected to hold interest rates steady at its meeting this week amid balancing inflation and economic risks. The decision could influence South Korean cryptocurrency trading. All Eyes on South Korea's Central Bank Analysts unanimously predict the Bank of Korea (BOK) will keep
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Germany saw business activity shrink at the sharpest rate in over three years in August based on preliminary data. As Europe's largest economy sputters, it spells further uncertainty for cryptocurrency markets. German Data Points to Steep Contraction The S&P Global German Flash Composite Purchasing Managers’ Index
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Polkadot's Chinese community PolkaWorld submitted a funding proposal this week to cover operations costs. Meanwhile, vulnerabilities were uncovered in numerous pools from lending protocol Balancer. PolkaWorld Seeks Treasury Funds PolkaWorld, Polkadot's community group in China, recently submitted a proposal to Polkadot's treasury system. The
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The Securities and Exchange Commission (SEC) has filed charges against crypto investment manager Titan Global Capital Management, accusing the firm of misleading investors and marketing practices violations. Titan has agreed to settle the charges. SEC: Titan Misled Investors on Potential Returns On August 22nd, the SEC announced it was charging
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Panini's sudden loss of its NFL trading card license raises questions around the fate of its football-themed NFTs. However, most experts believe these digital collectibles will live on thanks to legal protections for secondary sales. License Loss Throws Panini's Future Into Doubt In a surprise move
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A bruising sell-off has pushed the majority of bitcoin's short-term holders into the red, data shows. With nearly 90% of the supply held by short-term holders now at a loss, the market looks vulnerable to further declines if these investors rush for the exits. Short-Term Holders Feel the
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Ripple Labs scored a major win against the Securities and Exchange Commission (SEC) in July, but XRP has failed to sustain any lasting boost from the landmark ruling. The token has surrendered nearly all gains in recent weeks amid a risk-off environment in crypto markets. A Short-Lived Rally After years
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Hey there, fellow crypto enthusiasts! Brace yourselves because the G20 is jumping into the crypto party and they mean business. That's right, our beloved digital currencies are about to face some serious rule-making. So, if you're tired of all the uncertainty and want to stay ahead
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Solana (SOL) faced selling pressure over the past 24 hours, with its price declining 1.05% from $21.31 down to $21.09. This continues the strong downtrend SOL has been stuck in throughout 2022 and into 2023. For traders, Solana's latest performance provides important insights into market
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Binance Coin (BNB) saw a 2.12% price decrease over the past 24 hours, dropping from $214.85 down to $210.17. While negative in the short term, this dip comes after a prolonged period of declining prices for BNB, indicating the potential beginnings of a reversal. For traders, Binance