The stock of US top crypto exchange Coinbase is up 12% today after the company revealed plans to expand its operations to Brazil. The exchange has promised to deliver a platform that allows Brazilians to buy and sell cryptocurrencies using the country’s currency, reais. Coinbase also said it would support reais withdrawals through Pix, a…
Since last week, the crypto market has been recording massive gains, with Bitcoin increasing in value by 36%. Alt-coins have also seen a surge in their prices, with Fantom, MAGIC, Conflux, Stacks, and Mask Network leading the way. Conflux Network In the past 24 hours, Conflux Network (CFX) has seen gains of 15% and 147%…
US-based crypto exchange Coinbase has, in recent weeks, accelerated its plans to expand beyond America. According to the company’s spokesperson, Coinbase wants to grow its presence on all continents except Antarctica. The spokesperson added that Coinbase’s international expansion plans would be executed in a way that the exchange is able to offer its products while…
On Tuesday afternoon, Bitcoin crossed the $26,000 mark for the first since last Summer following the latest CPI report that indicated inflation in the United States was still alive. The Bureau of Labor Statistics reported Tuesday that the Consumer Price Index (CPI) increased 6.5% in the last 12 months. The report aligned with the expectations…
Getting into trading can be very difficult, especially when you don’t understand a lot about the financial market. You first have to learn a lot more about the different aspects of the market, and you have to learn a lot more about the different types of assets that you would like to invest in. However,…
XRP’s trading value has experienced a slight boost in the past 24 hours. The report confirms that the asset has recorded a 2% surge in value reaching all the way up to $0.404066. The price of the altcoin has continued rising even after an alarming update was shared by Coinbase pertaining to XRP on their…
Even the Spanish regulator (CNMV) has become too much concerned about the FTX’s collapse and weighing on the potential risk, CNMV has warned Spanish investors to be extra careful about crypto trading. CNMV’s VP suggested that FTX was an unruly horse and therefore the collapse was inevitable. Spanish Regulator’s Concerns for Investors Comisión Nacional del…
On November 28, the officials at BlockFi made an announcement that many had expected them to make a week back. BlockFi announced that it had filed for bankruptcy citing a financial crisis. BlockFi Went Bankrupt The executives at BlockFi have confirmed that they have filed for bankruptcy. They have decided to go for Chapter 11…
Due to the recent cryptocurrency market turmoil, all major and minor firms in the crypto-verse are on high alert. They are not ready to take any risks, be it any cryptocurrency or other kind of asset. If there is a risk involved in a cryptocurrency asset of any kind, the crypto firms are taking no…
Even after so many days have passed, the FTX debacle continues to haunt the entire cryptocurrency industry. The impact of the FTX exchange’s crash has spread throughout the crypto-verse. Investors from all over the world connected directly and indirectly with the FTX exchange have been left devastated. This is something that the regulators do not…
Crypto Presales, a major crypto market data compiler has shared an alarming report pertaining to crypto ATMs. The firm has made a revelation about the reduced number of crypto ATM installations. Crypto ATMs Experience a Reduction The firm has revealed that in the year 2022 so far, a total of 6,100 ATMs for cryptocurrencies have…
As the cryptocurrency market took a huge fall due to the FTX exchange debacle, Solana (SOL) found itself facing the worst time. Its value took a significant fall and its devastation followed the FTX Token (FTT). Despite taking a huge hit due to the FTX exchange collapse, SOL has demonstrated a strong performance in the…
The largest private bank based in Latin America and Brazil, Itau Unibanco has made an announcement pertaining to its recent exploration. The banking firm has announced that it is planning to take a step further into cryptocurrency adoption. The bank is aiming to offer more services and products to clients that are crypto-related. Itau Unibanco…
It has been over two weeks since the FTX exchange collapsed and almost two weeks since it filed for bankruptcy. Just when many thought that the worst outcome passed, the data revealed by the bankrupt cryptocurrency exchange dropped yet another bomb on the crypto industry. This time, it is not known what the outcome would…
In the past 24 hours, the trading price of the FTX Token (FTT) recorded a jump, moving up to $1.564 from a low trading price. This happened because of the interest Ripple has shown in buying FTX’s assets. Brad Garlinghouse, the CEO of Ripple has hinted that they are looking into buying certain assets belonging…
In the past 24 hours, the trading price of Terra Classic (LUNC) has experienced a 2.5% dip. It is just the tip of the iceberg when we take a look at the price decline of LUNC. The 7-day price chart assessment shows that LUNC’s price has plunged almost 30%. At the time of writing, LUNC’s…
An investigation has been launched by the financial watchdog in Turkey into the collapsed crypto exchange FTX. The agency tackles all money-related crimes in the country and days after FTX filed for bankruptcy in the US, the department disclosed that it had been keeping track of the platform’s operations in Turkey. FTX investigation Ankara’s Ministry…
From the time FTX exchange was found to be involved in unprofessional activity by misleading its users, it has faced nothing but losses. The leakage of the balance sheet from the FTX exchange has resulted in the crash of the exchange. Just when the crash was reported, all the FTX users were worried about their…
A penthouse in the Bahamas that is spread across 12,000 square feet has been listed for sale for $39.9 million and is under the ownership of Sam Bankman-Fried. Reports have also disclosed that a whopping $74 million was spent by FTX Property Holdings on real estate purchases in the Oceanside district of Albany Bahamas. Real…
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…
The latest reports suggest that FTX, the cryptocurrency exchange that is financially troubled has brought its website back online. FTX Makes an Alarming Announcement Just as the financial crisis of the FTX exchange began, it reportedly started facing intermittent downtimes. The recent downtime lingered on for a longer period. However, as the website has come…
A newly released survey disclosed that the next 12 months will see around 1 million Australians buy crypto for the first time. This would mean that the total number of people owning cryptocurrency in Australia would reach approximately five million. The survey Swyftx is an Australian crypto exchange that conducted its second Annual Australian Crypto…
