Glassnode, a major on-chain data analytics firm has just shared a report that involves the movement of Bitcoin, which is quite surprising. Migration Recorded for Bitcoin (BTC) Bitcoin seems to have hit a new record in terms of movements that have caused the biggest net decline on exchanges. The aggregate BTC balances have experienced a…
Elizabeth Rossiello, the chief executive and founder of AZA Finance, a payments firm based in Africa, said that her company had been incorrectly included in the Chapter 11 bankruptcy filing of the FTX crypto exchange. On November 11th, the CEO insisted that the beleaguered exchange had made a mistake because her company does not have…
It has been almost an entire week since the FTX fiasco took place. Unfortunately, the impact of the FTX crash is still being felt throughout the cryptocurrency. There does not seem to be any end to the constant market downtrend that the FTX crash has triggered. The recent crash has prompted investors to move their…
On Friday, Bitcoin’s (BTC) trading price recorded a surge as it rebounded from a major decline. Just a few days back, Bitcoin had suffered from a major decline in value mainly triggered by the crash of FTX. From Decline to Rebound The Thursday trading session was a shocker for Bitcoin investors. They witnessed a sudden…
Very unusual activity was noticed on several wallet addresses that were linked with FTX on November 11. It was discovered that multiple addresses linked with FTX were involved in transferring crypto. The most shocking part was that the transfers were being made without any official notice. Millions Transferred Without Notice Multiple data monitoring firms reported…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
In recent years, Polygon has tried its best to form several partnerships in order to make high-profile partners. So far, Polygon has succeeded in doing so, and now, it has a list of strong partners. The list of strong and high-profile partners includes Robinhood, Starbucks, and Disney. Polygon even went on to form a very…
Skyward Finance has reportedly suffered a major exploit that has resulted in the platform losing an estimated $3 million. Skyward is a major platform, which is prominently known for its initial DEX offering (IDO). Skyward Finance Exploited The IDO known for carrying out a fair distribution of tokens through the Near Protocol has suffered a…
Deribit, a major cryptocurrency exchange dealing in derivatives has recently halted the withdrawals feature for users. It is a highly concerning matter for the entire cryptocurrency community, especially the ones who are users of the exchange. Announcement by Deribit On November 1, the officials at Deribit made an announcement that they had halted the withdrawal…
Even after a blistering start, the popular HUSD stablecoin has failed to meet the aspirations of people, including its major promoter Huobi Global. Huobi has announced that the stablecoin would soon be delisted because it has been unable to keep its price intact which is going down rampantly. HUSD’s Constant Failure Entails Delisting Apparently, the…
It has been a while since when the electronic payment giant Visa Inc. has been overstretching its efforts in adopting blockchain and digital currencies. In its recent initiatives, Visa has filed two separate applications before the trademark authority namely United States Patent & Trademark Office (USPTO). One of the attorneys of USPTO, Mike Kondoudis, tweeted…
The crypto market has been struggling since the start of the year, and investors are really looking for a win. While most of the investors who are still in the crypto market are waiting for the long haul, the real challenge is not knowing how long they will have to wait. In a matter of…
The UK is currently looking like one of the biggest crypto hubs worldwide. With its adoption index slowly growing and more people making transactions now than before, it is becoming very obvious that the UK is well on its way to become the biggest crypto country. However, this unprecedented rise in popularity in the UK…
The crypto market has been seriously struggling as of late, similar to most of the other financial markets that are currently running. Not only prices for specific commodities and cryptocurrencies dropping exponentially, but investor sentiment is also worsening with time. Therefore, the market will continue to struggle until it is able to change how investors…
The people of Turkey who have been part of the cryptocurrency industry are now aiming to take things to the next level. The country is aiming to take its cryptocurrency ecosystem to the next level. Turkey Aims to Buy the Dip Just when the entire cryptocurrency industry is afraid of buying more into cryptocurrencies due…
In the past few days, the trading price of Shiba Inu (SHIB) has been hovering at a high of $0.000011, which is the 20-day EMA. The bulls seem to be in Power for Now The past few days have been good news for the bulls as the price of Shiba Inu has been moving in…
Binance Coin hovered beneath the 20, 50, and 200 SMA amid pessimistic reactions in the crypto space within the past 24hrs. The alternative coin recorded 24-hour plummets following the January 17 engulfing candle as its Chaikin Money Flow weakened. Contrarily Ethereum Classic witnessed surges within the last 24 hours but remained with low volatility. Binance…
Binance CEO, Changpeng Zhao, took to Twitter to reveal that the company that they registered with Canadian authorities had been approved. The company named Binance Canada Capital Markets has been licensed to operate a list of financial services. The license gives the company rights to operate for the next 3 years. Binance is expanding its…
Ripple, while devising the relatively stretchy regulations for overseas, has been persuading the U.S. officials to incorporate additional clarity in the local crypto sector as well. Presently, the blockchain firm (which is based in San Francisco) has taken a move ahead and presented its proposal regarding crypto regulations. The proposal Ripple focused on the necessity…
US Deputy Treasury Secretary, Wally Adeyemo, has stated that central bank digital currencies (CBDCs), such as Russia’s digital Ruble, do not constitute a danger to United States prohibitions. In an appearance with CNBC on Wednesday, Adeyemo asserted that the United States Dollar will endure being the predominant world currency despite the rapid growth of digital…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
Despite the fact that XRP is at the moment battling it out with the Securities and Exchange Commission, the global entanglement for Ripple remains strong. Rosa Rios, who is a former US treasurer and currently serving as one of Ripple’s board members, shared on social media that XRP is a cryptocurrency with the primary purpose…
The U.K. has resolved to explore the impact of Central Bank Digital Currency on its economy if adopted. The House of Lords on Monday inaugurated an Economic Committee to spearhead the inquiry, stating that the investigation is open to interested individuals who would like to put forward their ideas and contributions on the topic. This…
When declaring his formal intention to become Paraguay’s new president, Carlitos Rejala, revealed that he promises to make BTC an official currency of the South American nation if he becomes president. He made this disclosure via his official Twitter handle. Rejala Is A Top BTC Backer Rajala’s stint as the chamber of deputies saw him…
