coins
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision
Bittrex will be removing privacy coins Monero, Dash, and Zcash from its trading platform soon.
South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges
South Korea’s Financial Services Commission (FSC) will ban privacy-centric digital assets or “dark coins” from exchanges as they present a high money laundering risk.
Coins Making The Biggest Moves in The Market Today: NXM, HBAR, and ENJ
This piece profiles three of the coins making the biggest move in the market today. These cryptocurrencies include NXM, HBAR, and ENJ.
Chainalysis Adds Compliance Support to Track Privacy Coins Dash and Zcash
Chainalysis has just launched support for two of the most popular privacy coins, Dash and Zcash. Privacy coins are cryptocurrencies with privacy-enhancing features that allow users to gain total anonymity when making blockchain transactions. Privacy coins protect the identity of the users and the origins of the transactions, taking the anonymous and private nature of Bitcoin to the next level. Comparatively, Bitcoin protects some information, hence remaining pseudo-anonymous. The rest of the information, including transactions, addresses, and balances, is recorded in a public and permanently available ledger.
IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime
The Criminal Investigation Division(CID) of the IRS are actively hiring private contractors to study and analyze privacy coins, as there has quite been a lot of fraudulent activities revolving around their usage.
May 13: ALT Coins Give You Wings
Trade Strategy: Similar to yesterday. I've closed my long volatility trades, and will start to sell some volatility here and whenever it spikes. While implied volatility has sharply declined from 100% to 80% since Sunday, the longer-term average before the 12 March crash is around 55-60% so there's still juice to be short vol.
US Treasury Department Warns Regulators of Potential Risks of Digital Assets
The Financial Stability Oversight Council (FSOC) of the US Treasury Department has released its annual report with a crucial warning of digital assets disruption.
DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal
Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.
Spain To Draft New Bill That Will Enforce Full Crypto Holding Disclosure From Citizens
Spain is drafting a bill that will make it mandatory for crypto asset holders to disclose the value of their assets for tax purposes.
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.
India's Proposed 30% Tax on Digital Asset Implies Recognition of Cryptos
India's decision to regulate cryptocurrencies by introducing a high crypto tax rate of up to 30% on all transactions involving digital assets is an indication that the government recognizes cryptocurrency transactions as valid.
CoinSwitch Kuber Raided by Indian Authorities: Report
Indian crypto exchange giant, CoinSwitch Kuber comes off as the next trading platform to be raided by the Indian Enforcement Directorate (ED).
OCC Head Brian Brooks Testifies Before Senate On Cryptocurrency and Stablecoins
The OCC Boss, Brian Brooks has testified before the US Senate Banking Committee about the growing use of cryptocurrencies and stablecoins in the country
FTX Shares 10-Point Regulatory Proposals to American Congress
Cryptocurrency trading platform FTX Derivatives Exchange has published a 10-point regulatory proposal, aims at helping American regulators to provide better regulatory oversight of the broader cryptocurrency ecosystem.
BoE's Committee Recommends Taking a Closer Look on Crypto Regulation
In its latest Financial Stability Report, the Financial Planning Committee (FPC), an offshoot of the Bank of England has recommended pushing for an ‘enhanced’ regulatory framework.
Kraken to Delist Monero in UK as Crackdown on Privacy Coins Takes a New Twist
Kraken has shared details of its plans to delist privacy coin Monero in the United Kingdom by the end of November 2021, as exchanges scramble to adhere to local regulations.
G7 Reports Stablecoins Like Libra Threaten Financial Security
According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.
U.S. Financial Regulators Warn Crypto Firms to Tighten Stablecoin AML Risk Controls
U.S. regulators have issued a strict warning on money laundering risks associated with stablecoins and has warned providers to tighten AML protections and controls.
Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up
The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.
Bank of England Solicits Funds to Enhance Crypto Crackdown
The Bank of England, through the Prudential Regulation Authority (PRA), is looking to raise as much as £321 million ($419 million) from the commercial institutions as it is planning to shore up its regulatory efforts in the digital currency ecosystem.
ECB Publishes New Stablecoin-Featured Framework for Overseeing Payments
The European Central Bank (ECB) has released a new framework geared towards overseeing all forms of electronic payments in the region, including those bordering on stablecoins.
European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks
The European Central Bank (ECB) published an in-depth report on global stablecoins, focusing on highlighting the requirement for clear regulatory parameters for stablecoins, and the risks it may pose to financial stability. The ECB suggests that a “robust regulatory framework” must be established to address risks before its benefits could be explored.
OCC Says US Banks Can Use Blockchains and Stablecoins in Bank Payments
According to the OCC, regulated banks in the US can leverage stablecoins to conduct payments as well as participate as validator nodes on blockchain networks called INVNs.
Russian Policy Boss Wants to Block Cryptocurrencies, Says They Are Difficult to Regulate
Anatoly Aksakov, head of the State Duma Financial Market Committee, stated that the country should explore other options for crypto regulation.
Five EU Member States Take Position Against Stablecoins
Five members of the 27-member European Union Bloc has urged the body to pass regulations to stiffen the emergence and existence of stablecoins in the region
Canadian Regulator Charges Coinsquare Executives For Crypto Market Manipulation
Coinsquare executives have resigned following a settlement with the Ontario Securities Commission.
Crypto Exchange Coinsmart Announces Donations for Ukrainian Humanitarian Crisis
Canada-based cryptocurrency exchange CoinSmart announced it would donate aid for the emergency humanitarian crisis in Ukraine to help Ukrainian refugees.
Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.
Crypto ATM Market Expected to Hit $1.88B by 2028 with CAGR of 59.2%
The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc.
Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets
American insurance company Lemonade has revealed the formation of Lemonade Crypto Climate Coalition which will offer blockchain-enabled climate insurance to the most vulnerable farmers across the globe.
European Central Bank Plans to Take the Lead on Stablecoins
European Central Bank President Christine Lagarde has urged the ECB to take the lead regarding stablecoins, citing increased interests in the space from central banks in Britain, Canada, and China.
Genesis Capital Breaks Previous Quarter Record With 870M in New Loan Originations in Q3
Genesis records rising demand for cash and stablecoins
LocalBitcoins Hits New Milestone, Reaching 200,000 Mobile App Downloads
LocalBitcoins, the world’s leading P2P Bitcoin marketplace, is scaling the heights because its mobile app available on iOS and Android surpassed 200,000 downloads, with 5 more languages incorporated.
Telegram Abandons TON and Gram Tokens, Durov Critical of US Regulating Whole World
Telegram CEO Pavel Durov has announced that they are calling it quits on the Telegram Open Network (TON) and its Gram tokens after a drawn-out battle with the United States Securities and Exchange Commission.
New York Files Lawsuit Against Coinseed Crypto Platform for Allegedly Defrauding Thousands of Investors
New York State Attorney General, Letitia James, has filed a class-action lawsuit against Coinseed crypto platform and the company’s executives for defrauding investors more than $1 million to enrich themselves between 2017 and 2018.
People’s Bank of China Announces Its Digital Currency is Ready
The central bank of China has announced that its digital currency can now be said to be ready. Speaking in a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the people’s Bank of China (PBoC) Mu Changchun stated that over five years of rigorous research work has been put into creating a prototype that adopts the Blockchain architecture
Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.
Follow up: Almost 300,000 Addresses Hit in Binance Dusting Attack Launched Against Litecoin
Cryptocurrency exchange giant Binance alleged that a dusting attack had been launched on Litecoin (LTC). Being the fourth-largest altcoin, this had gained substantial attention amongst cryptocurrency proponents.
Fusion Hacked? CEO Says That 10M FSN Tokens are Gone
The blockchain-based financial platform, Fusion Network has announced a compromised wallet on Sept. 28. The Fusion swap wallet compromise resulted in a theft of 10 million native FSN tokens.
Ethereum Co-Founder: Facebook Not Fit to be Libra’s Driving Force
Joseph Lubin, Ethereum’s co-founder, has asserted that Facebook should not spearhead the Libra project based on the concerns raised about its reputation.
Crypto Market Recovers Slightly but Addresses Still in Loss
Despite the obvious cryptocurrency gains seen in the market today, the road to full recovery and profit-taking is still far.
G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins
The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.
Ethereum, Ripple XRP, and Other Altcoins Surge Higher with Bitcoin as It tops $22K
Bitcoin’s rally to its new all-time high is all that crypto traders were anticipating to wrap up the year with a bang.
Plan to Reboot Terra Ecosystem as Terra 2.0 Wins Approval
The proposal to revive the troubled Terra network as Terra 2.0 got the green light from the community. Nevertheless, the controversial algorithmic UST stablecoin will not be part of the rebirth.
Binance Launches Incentive Campaign for USDC-M Perpetual Contracts
Binance launches a dual-incentive promotional campaign for USDC-margined perpetual contracts, targeting deposits and trading activities to stimulate market engagement and diversify trading options in the crypto futures market.
Circle CEO Expects Yuan-Backed Stablecoins Despite China's Crypto Ban
According to SCMP, despite the stringent ban on cryptocurrencies in mainland China, Jeremy Allaire, the co-founder and CEO of Circle, a leading operator of the USDC stablecoin, foresees a significant role for yuan-backed stablecoins in the global crypto market.
Hedge Funds Battle to Survive After FTX Exchange Collapse
The hedge fund discontinued its CoinShares consumer platform because to high marketing costs.
Binance Launches New WOTD Game on Meme Coins
Binance introduces a Word of the Day game featuring Meme Coins.
Bitcoin (BTC) and Stablecoins Threaten Emerging Market Currencies, Report Suggests
Bitcoin and stablecoins are posing a significant threat to weak emerging market currencies, according to CoinShares.
New MiCA Stablecoin Rules to Impact European Crypto Users, Announces Binance
Binance announces significant changes due to new MiCA stablecoin rules in the EEA.
Circle Seeks Collaboration with BIS for Project Agorá
Circle applies to join BIS's Project Agorá, aiming to enhance global financial systems.
Paxos: The Crucial Role of Stablecoins in Transforming DeFi
Explore the impact of stablecoins on DeFi and their future prospects.
Galaxy Digital: The Role of Memecoins in the Crypto Economy and Blockchain Ecosystem
Memecoins have become a key part of the crypto economy, driving blockchain adoption and cultural expression.
Ripple (XRP) Completes Acquisition of Standard Custody, Appoints Jack McDonald to Lead Stablecoins
Ripple (XRP) finalizes Standard Custody acquisition, appoints Jack McDonald as SVP of Stablecoins, enhancing its financial infrastructure.
Manta Network Unveils $10 Million Moon Mission Meme Grants
Manta Network launches a $10 million Moon Mission Meme Grants program to boost meme culture on its platform. Apply now to lead the meme wave.
BNB Chain Allocates $900K Liquidity to Boost Meme Coin Ecosystem
BNB Chain dedicates $900K to enhance meme coin development through its Meme Innovation Campaign, promoting liquidity and stability within the ecosystem.
Digital Asset Fund Flows Surge with $441M Inflows Amid Market Weakness
Digital asset investment products saw significant inflows totaling $441 million, driven by opportunistic buying amid recent price weakness, according to CoinShares.
MiCA's Stablecoin Regime: Key Differences Between ARTs and EMTs
Explore the regulatory landscape of MiCA's stablecoin regime, focusing on the distinctions and requirements for ARTs and EMTs in the EU.
Chainalysis: MiCA's Stablecoin Regime Faces Implementation and Legal Challenges
MiCA's stablecoin regime encounters practical and legal uncertainties as EU member states struggle with national implementation laws.
BitMEX Introduces Meme Coin Basket Index Perpetual Swap Contract
BitMEX launches MEMEMEXTUSDT, a new meme coin basket index perpetual swap contract, enhancing trading options for meme coin enthusiasts.
MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain
MEW, a cat-themed cryptocurrency on the Solana blockchain, aims to rival dog-themed coins like Dogecoin and Shiba Inu through strategic burning and community engagement.
Texas Bitcoin Mining Operations Undergo Intensive Due Diligence
CoinShares' research team evaluates major Bitcoin mining facilities in Texas, highlighting innovations and industry growth.
Polygon (MATIC) CDK Integrates Bridged USDC Standard for Enhanced Stability
Polygon (MATIC) CDK is the first chain development kit to integrate Circle's Bridged USDC Standard, offering seamless upgrades and improved liquidity.
Circle Proposes New Capital-Risk Framework for Stablecoins
Circle's top financial leaders introduce a risk-based capital framework tailored for stablecoins, addressing unique risks and operational challenges.
PolitiFi Tokens Surge 782.4% in 2024, Surpassing Meme Coins
PolitiFi tokens have surged 782.4% in 2024, significantly outperforming meme coins. Learn about the top performers and key events driving this trend.
Binance Introduces Fixed Rate Loans for Stablecoin Borrowing
Binance Loans launches Fixed Rate Loans, offering users predictable rates for stablecoin borrowing and lending. Learn more about this new financial service.
BTC Correlates with Equities as Altcoins Show Resilience, Reports Bitfinex
Bitfinex Alpha reveals Bitcoin's correlation with equities while altcoins display stronger performance amid market downturns.
Institutional Investment Key to Success for New Tokens in 2024
New tokens launched in 2024 have struggled, but institutional investment has proven to be a significant factor for their success, according to Cointelegraph.
BNB Chain's Role in the Future of Stablecoin Payments
Explore how BNB Chain is shaping stablecoin use in DeFi, ecosystem diversity, user experience, and commercial applications.
Digital Asset Fund Flows Surge Amid FED Rate Cut
Digital asset inflows hit $321 million following a 50bp rate cut by the Federal Reserve, according to CoinShares.
BNB Chain Enhances Stablecoin Use with New Incentive Programs
BNB Chain introduces innovative programs to boost stablecoin integration and adoption, aiming to onboard the next billion Web3 users.
Linea and Aryze Collaborate to Innovate Digital Asset Solutions
Linea teams up with Aryze to enhance digital finance by integrating tokenized Real-World Assets and customized stablecoin services into the Linea blockchain ecosystem.
BNB Chain Crowns CoCo Coin (COCO) as Meme Liquidity Program Phase Three Winner
BNB Chain has announced CoCo Coin (COCO) as the winner of the third phase of its Meme Liquidity Program, supporting meme projects with liquidity and growth.
Institutional Engagement and Staking Surge: Insights from Coinbase and Glassnode's Q4 Crypto Report
Explore the latest trends in crypto markets, including Bitcoin ETFs, Ethereum staking, and stablecoins, as highlighted in Glassnode and Coinbase's Q4 report.
Regulatory Dynamics: State vs. Federal Oversight of Stablecoin Issuers
Explore the implications of state versus federal regulation on stablecoin issuers, including risks and benefits, as analyzed by Paxos. Understand the challenges and opportunities in the evolving regulatory landscape.
Paxos Expands to Stellar Network, Enhancing Global Stablecoin Adoption
Paxos announces integration with the Stellar network at Meridian 2024, aiming to boost institutional adoption of stablecoins and enhance global financial accessibility.
Stablecoins Lead the Charge in Western Europe's Crypto Adoption for 2024
Western Europe sees a surge in stablecoin adoption, accounting for nearly half of all crypto inflows. The UK drives growth in merchant services, highlighting the region's evolving crypto landscape.
USDT, USDC, and FDUSD: A Comparative Analysis of Leading Stablecoins
Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their market impact, and why BNB Chain is the ideal platform for these digital assets.
CoinShares Reports Rising Bitcoin Mining Costs and Strategic Shifts
CoinShares' Q3 report highlights increased Bitcoin mining costs, strategic shifts, and the impact of rising energy prices and market dynamics on the industry.
The Evolution and Impact of Memecoins in Modern Finance
Explore the rise of memecoins, their impact on modern finance, and how they reflect changing investment trends. Discover insights from Binance Research on this speculative yet influential market.
Transfero Partners with Wormhole for Multichain Stablecoin Integration
Transfero selects Wormhole's NTT framework to enable multichain functionality for its stablecoins BRZ, ARZ, and CLZ, enhancing security and liquidity across blockchain networks.
Analyzing Stablecoins: Insights from Banking History
Explore the evolution and challenges of stablecoins through the lens of banking history. Understand their design, risks, and future in the financial ecosystem.
Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN
In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.
Ripple CEO Garlinghouse Foresees Ether ETF Approval, Critiques SEC's Approach
Ripple CEO Brad Garlinghouse predicts the approval of an Ether ETF by the SEC, critiquing the commission's approach under Gary Gensler as a political liability and detrimental to the U.S. economy's growth.
NY Fed's digital currency Test Reveals Feasibility
The Innovation Center of the Federal Reserve Bank of New York (NYIC) has successfully completed its proof-of-concept of a regulated liability network (RLN), which was carried out in collaboration with nine significant financial institutions and the Swift network.
FTX Continues to Move Funds Amid Ongoing Investigations
Addresses associated with FTX and its subsidiary, Alameda Research, have reportedly transferred $145 million in stablecoins to various platforms, as the cryptocurrency exchange faces demands to return funds to different groups of investors amid ongoing investigations and lawsuits.
USDC Holders Panic Sell Amid Solvency Concerns
On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC and exchanged them for Dai (DAI) using Aave v2, while IOSG Ventures sold 118.73 million USDC for 105.67 million USDT and 2,756 Ether (ETH). The USDC price has since slowly recovered, and Circle, the company behind USDC, disclosed holding $3.3 billion at the Silicon Valley Bank.
Finland Tracks Monero in High-Profile Cybercrime Cas
Finnish authorities traced Monero transactions in the Julius Aleksanteri Kivimäki trial, highlighting challenges in tracking privacy-focused digital currencies, a significant development in cryptocurrency-related cybercrime investigations.
Crypto Adoption in Latin America: A Tool Against Economic Woes and Authoritarianism
The cryptocurrency landscape in Latin America, particularly in Argentina and Venezuela, is evolving as a mechanism to counter economic and political adversities. While Argentina sees crypto as a bulwark against economic instability, Venezuela is utilizing it as a tool for humanitarian aid and resistance against authoritarianism. The divergent crypto adoption narratives in these nations underscore the asset class's potential to address complex societal challenges.
Digital Asset Outflows Continue for the Fourth Week, but Selective Investments Show Optimism in the Market: According to CoinShares
According to CoinShares' Twitter, the leading alternative asset manager in Europe specializing in digital assets, digital asset investment products have seen a fourth consecutive week of outflows, totalling $54 million. This has brought the total outflow to $200 million.
Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate
Federal Reserve Governor Michelle Bowman, in a discussion at Harvard Law School, explored the evolving digital payment landscape, touching on CBDC, stablecoins, and the necessity for a robust regulatory framework. While recognizing the potential of digital assets, she emphasized a cautious approach, underscoring the importance of continued research and international collaboration to navigate the digital transformation responsibly.
Cryptocurrency Soars in Q1 2023
CoinGecko's Q1 2023 Crypto Industry Report shows Bitcoin as the best-performing asset, with a gain of 72.4%. DeFi and NFTs have also surged, while stablecoins saw a drop in market cap due to Binance USD shutdown and USDC depeg. The overall market capitalization reached $1.2 trillion at the end of Q1.
Financial Services Reforms Advance UK Crypto Ambitions
The U.K. Chancellor of the Exchequer, Jeremy Hunt, laid out a number of reforms aiming to "drive growth and competitiveness" to the country's financial services sector. The reforms include consulting on proposals for the establishment of a central bank digital currency (CBDC), extending a crypto tax break for investment managers and creating a sandbox that lets firms and regulators test new technologies.
Financial Stability Board Finalizes Global Crypto Asset Regulatory Framework
FSB finalizes a global regulatory framework for crypto assets, aiming for consistent regulation. The framework includes high-level recommendations for crypto-asset activities and stablecoins.
Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO
In a compelling testimony delivered to the House Financial Services Committee, Jeremy Allaire, CEO and Co-Founder of Circle, underlined the significant role stablecoins, such as the U.S. Dollar Coin (USDC), could play in strengthening the global position of the U.S. dollar.
Bitcoin Rebounds, Despite Bearish Confidence among Institutional Investors
Bitcoin’s price rebounded slightly, which has increased by 24.15% over the past week. However, the institutional sentiment remains bearish.
US Draft Bill Proposes Framework for Stablecoins
A new draft bill has been published in the United States proposing a regulatory framework for stablecoins. The bill would put the Federal Reserve in charge of non-bank stablecoin issuers, such as Tether and Circle. Insured depository institutions seeking to issue stablecoins would fall under federal banking agency supervision. The bill also includes a ban on issuing stablecoins not backed by tangible assets and proposes a study on "endogenously collateralized stablecoins."
Vitalik Buterin Explores Memecoins: From Controversy to Charity
Vitalik Buterin, Ethereum co-founder, discusses memecoins' current state and potential, suggesting alternative approaches like charity coins and Robin Hood games for a positive-sum experience, emphasizing the importance of combining charity initiatives with gaming mechanics.
Banks increase risks to stablecoins
The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request led to the depegging of its USD Coin (USDC). This event caused Binance CEO CZ to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the U.S. dollar.
US House Committee to Discuss Stablecoin Regulation
The US House of Representatives Committee on Financial Services will conduct a hearing on stablecoin regulation on April 19th, following the introduction of a draft bill on stablecoin regulation. The hearing will include testimonies from experts, including Austin Campbell, a managing partner at Zero Knowledge Consulting and adjunct professor at Columbia Business School, who believes stablecoins will expand the reach of the US dollar and increase financial inclusion.
Paxos Identifies Key Opportunities During Crypto Winter
Blockchain infrastructure provider Paxos has published a report identifying opportunities for crypto projects during the current market conditions, including seeking solutions and partnerships. The report highlights the usefulness of stablecoins while acknowledging the need for greater transparency. Partnerships with businesses addressing real-world needs were also deemed important. The CEO of the Stellar Development Foundation suggested that regulating stablecoins may be necessary to maintain a strong dollar, while a recent Bank of International Settlements report deemed stablecoins a less preferable form of tokenized money.
Depegging of USDC and DAI Saves Borrowers $100 Million
The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days.
Institutional investors pull back from crypto amid regulatory crackdown
Last week, institutional fund withdrawals reached $32 million, despite a 10% market increase.
Andre Cronje Proposes Framework to Bolster Security for Community and Meme Coins
Crypto pioneer Andre Cronje outlines a new strategy for launching community and meme coins, aiming to enhance investor protection.
Regulated Stablecoins Likely to Remain in Use by 2030
A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the market supports this idea. The panelists acknowledged the growth of the crypto industry and emphasized the importance of both centralized and decentralized approaches to digital assets.
Australian Senator Proposes Digital Asset Regulation Bill
Senator Andrew Bragg has proposed a Digital Assets (Market Regulation) Bill 2023 to regulate cryptocurrency services in Australia. The bill recommends stablecoin regulations, licensing of exchanges, and custody requirements to protect consumers and promote investment.
Crypto Market Consolidation and Key Trends in Q2 2023
Q2 2023 saw a slight 0.14% increase in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) rising by 6.9% and 6.0% respectively.
Circle Launches Circle Research with Perimeter Protocol
Circle launches 'Circle Research' to further technical innovation in crypto, blockchain, and Web3 through open-source research. The initiative's first contribution, Perimeter Protocol, sets a new standard for building on-chain credit markets. Circle releases the Perimeter white paper and public GitHub Repo to advance open protocol transacting with a focus on credit, catering to a wide range of credit scenarios.
Ethereum's Revenue Hit $9.9B in 2021 as ETH Emerges as the Most Searched Project
Ethereum (ETH) scaled the heights in 2021 by generating revenue to the tune of $9.9 billion thanks to a couple of use cases on its network.
Avalanche (AVAX) Foundation's Innovative Criteria for Meme Coin Acquisitions
The Avalanche Foundation has established an eligibility framework for purchasing meme coins, focusing on stability, security, and community engagement. This move aims to support projects that add value to the Avalanche ecosystem.
BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030
The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.
Twitter Shares Plummet by 20% as Elon Musk’s $44 Billion Takeover Shelved
The anticipated takeover of Twitter by Elon Musk, the CEO of Tesla Inc., was temporarily postponed as he waited to be briefed about the social media giant’s fake accounts.
Aave Freezes Stablecoin Trading Amid Price Volatility
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets. The LTV ratio determines how much credit can be secured using crypto as collateral and is calculated by dividing the amount of credit borrowed by the value of the collateral.
Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance
Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's USD coin (USDC), has also brought governance risks related to the custody of reserve assets to the forefront. Moody's anticipates that regulators could increase their scrutiny of stablecoins and require greater counterparty diversification.
First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance
Asia's leading trust company and qualified custodian, First Digital, is making waves in the global financial ecosystem with the announcement of its new stablecoin, First Digital USD (FDUSD)
White House Report Casts Doubt on Cryptocurrencies
The White House's Economic Report includes a chapter questioning the benefits of cryptocurrencies, with 35 pages dedicated to debunking them. It argues that crypto assets fail to deliver on their promised benefits, and that they are too volatile to be a stable store of value or reliable medium of exchange.
How Crypto Market Reacted After Biden's Executive Order on Digital Currencies
Here is how the crypto market reacted to the latest US government's Executive Order on digital currencies.
82% Ethereum Holders Still in Profitability Despite Price Slipping Below $4,000
Ethereum has yielded an annual return more than five times that of Bitcoin.
Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
BAC has given more clarification on how Binance’s automatic conversion of other stablecoins could impact its business as well as its own BUSD stablecoin.
Moody warns of stablecoin adoption risk
Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed stablecoins like USDC could face new resistance, limiting their stability and potentially causing a run on banks holding Circle's assets, which could lead to the depegging of other stablecoins.
US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins
The US Federal Reserve is planning to establish a specialized team of experts to keep up with developments in the cryptocurrency industry, specifically focusing on stablecoins. The move comes amid concerns that unregulated stablecoins could put households, businesses, and the broader economy at risk. While acknowledging the transformative potential of cryptocurrencies, the Federal Reserve believes that appropriate guardrails need to be in place to ensure that the benefits of innovation can be realized.
CoinGecko Report: 2023 Crypto Industry Rebounds with Resilience and Transformation
2023 saw a resilient crypto industry with a 108.1% increase in market cap to $1.72T and a total trading volume of $36.6T. NFT trading reached $11.8B, while stablecoins like Tether maintained a strong presence. Bitcoin's value rose significantly, contributing to the year's positive momentum.
Proof of Stake Networks to Help Staking-as-a-Service Providers
The proof of stake (PoS) consensus mechanism has gained steam in 2021 because it is more environmentally friendly and cost-effective compared to the proof of work (PoW) framework used in networks like Bitcoin (BTC).
Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate
Boyaa Interactive plans to invest $100 million in cryptocurrencies, focusing on Bitcoin, Ether, and stablecoins, while ensuring secure platforms in the volatile crypto market.
Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers
The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.
LocalBitcoins warns Tor Browser Users of Potential Bitcoin Theft
LocalBitcoins, a Finnish crypto exchange, recently warned its users about the potential cybersecurity risks connected to the anonymous browser—Tor Browser.
London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds
Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter.
CoinShares Acquires Valkyrie ETF Business, Expanding U.S. Footprint
CoinShares completes its strategic acquisition of Valkyrie ETF Business, enhancing its U.S. market presence and increasing global AUM.
Overnight collapse of two traditional banks triggers chaos
The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those responsible accountable.
Crypto Market Swings to Extreme Greed as USDT & USDC Issuance Skyrockets
KuCoin's latest research highlights a major shift in the crypto market to extreme greed, backed by a $4.55 billion rise in stablecoins USDT and USDC, signaling increased market liquidity.
Coinbase Identifies Four Key Innovations for its Layer-2 Network
Coinbase has identified four crucial innovations, including inflation-pegged "flatcoins," to be built on its recently launched layer-2 network Base. The other three areas are an on-chain reputation system, an on-chain limit order book exchange, and safer tools for DeFi.
Breaking: CoinsPaid, AtomicWallet, and Alphapo Incidents All Connected to North Korea's Lazarus Group
MistTrack links CoinsPaid, AtomicWallet, and Alphapo incidents to North Korea's Lazarus Group. The hacks, totaling over $183M, highlight the need for robust crypto security.
Binance pivots to stablecoins after SEC regulatory action
Binance, the largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins such as TrueUSD (TUSD) and decentralized stablecoins, following a regulatory action against its native stablecoin, Binance USD (BUSD), by the US Securities and Exchange Commission (SEC). Binance was forced to seek alternatives after the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos Trust to stop minting new BUSD altogether.
LUNA 2.0 Debut Experiences Hiccups as Price Plummets, Will Trust Remain Robust?
After Terra 2.0 successfully went live on May 28, LUNA 2.0 has been on a rocky start based on a sharp price decline.
US House Committee to Discuss Stablecoins Regulation
The US House Committee on Financial Services will conduct a hearing on April 19 to evaluate stablecoins’ position as a means of payment and whether the payment ecosystem needs supporting legislation. Circle's chief strategy officer and head of global policy, Dante Disparte, will testify at the hearing, which will focus on various stablecoins and their use in the payments landscape. A draft bill providing a framework for stablecoins in the United States was recently published in the House of Representatives document repository.
PancakeSwap’s Native Token Once Surged by Nearly 10% after Binance Labs Sets Foot in Ecosystem
After Binance Labs established a strategic investment in PancakeSwap, the network’s utility and governance token, CAKE, has once soared by nearly 10%.
Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2
Bitwise Asset Management to launch two first-of-its-kind Ethereum Futures ETFs, AETH and BTOP, on October 2. The ETFs offer exposure to CME Ether futures in a regulated format.
Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks - Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank.
Bill Miller Touts Bitcoin and Coinbase Stocks as Good Investments while Issuing a Warning to Altcoins
Renowned Wall Street investor Bill Miller is once again advising investors to capitalize not only on Bitcoin but also Coinbase stocks and issues warn on altcoins.
Tether Regains $1 Peg
Tether (USDT) has regained its 1-to-1 peg with the dollar after briefly dropping to 94.55 cents, its lowest since December 2020.
DeFi Hackers Mint $11.6M in Stablecoins
Blockchain security firm PeckShield identified a hack that allowed an attacker to mint over 1 quadrillion Yearn Tether and then swap it for other stablecoins worth $11.6M. The attacker also managed to transfer 1,000 ETH to the cryptocurrency mixer Tornado Cash. DeFi protocols Yearn.finance and Aave have confirmed that their current contracts and protocols were not affected by the exploit.
UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards
The UK is intensifying regulatory standards for crypto exchanges under the Financial Services and Markets Act, aiming for parity with traditional financial services. Exchanges must comply with stringent risk assessments and finance tests, impacting both domestic and offshore entities.
South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins
The Reserve Bank of India (RBI) is planning to increase the number of Central Bank Digital Currency (CBDC) transactions to one million per day by the end of 2023, according to Deputy Governor T Rabi Sankar.
IMF Prioritizes Regulation over Ban on Crypto
The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that the nuclear option to ban cryptocurrencies remains on the table, but the agency would prefer to pursue good regulations, predictability, and consumer protection.
Ethereum Miners Revenue Percentage Reaches Monthly Low
The percentage of miner revenue from fees on the ETH network reached a monthly low of 36.145%.
Largest Weekly Inflows in Digital Assets in Over a Year, Led by Bitcoin
In a significant shift of sentiment, digital asset investment products experienced their largest single weekly inflows since July 2022, totaling a substantial $199 million, according to CoinShares report. This surge effectively corrected almost half of the prior nine consecutive weeks of outflows, signaling renewed investor confidence in the market.
Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership
Tether partners with Uzbekistan's NAPP to develop blockchain and peer-to-peer telecommunication, aiming to fuel innovation and economic growth.
Crypto Prices Today Bounce Back from Friday Sell-Off, Bitcoin, Ether, Solana, Polkadot, and others Surge Higher
Cryptocurrency markets have regained important values just a few days after China’s fresh crackdown. Some experts have explained the recent happenings in the market.
Bitcoin, Ethereum, Solana And Other Crypto Prices Further Plunge Following China’s Fresh Crypto Ban
Cryptocurrency markets have experienced other crashes on Friday amid China’s Central bank renewed ban on cryptocurrency transactions.
Market Sees Broad Price Slump as Bulls Refuse to Hold the Forte
Bitcoin, Ethereum and the majority of altcoins are shedding off their price gains in the past couple of days
Crypto Market Analysis: BTC, ETH, DOT, LINK, ATOM Price Charts Show Bullish Signs
Bitcoin, Ethereum, Polkadot, Cosmos Network, and Chainlink prices indicate new signs of bullishness. Top crypto traders and analysts show where they see the biggest opportunities in the crypto market in the next few days.
Bitcoin Outperforms Ethereum and Cardano as the Crypto Market Recovers
As the top three cryptocurrencies continue on their recovery, Bitcoin appears to be showing more impressive momentum than ETH and ADA.
Crypto Price Today: Bulls Pull Bitcoin Above $57K, Ethereum Rises and Altcoin Market Loses Stream
In today’s market, Bitcoin surges further while most altcoins see the price decline. Some crypto analysts have explained the reasons behind such latest trends.
Bitcoin, Ether, And Other Crypto Prices Fall, But Experts Optimise Rebound on Horizon
Despite the current bearish week, experts identify potential cryptocurrencies that could still perform the rest of September and enable investors to earn money.
Crypto Price Today: Bitcoin, Ethereum, And Others Gain, Experts See October As Green for The Market
While September was a difficult month for the market, cryptocurrency prices, including Bitcoin, have renewed their performance since the beginning of October. Experts predict more upsides to be experienced in October.
Crypto Price Today: Bitcoin Tops $63,935.12, Nears to Break April’s ATH, Altcoins Rally in Low-Level Buying
Led by Bitcoin, most cryptocurrencies are seeing high-level buying. In recent weeks, there has been some sense of stability in the crypto spectrum.
3 Reasons Behind Bitcoin and the Crypto Market's Sudden Crash
Bitcoin whales have been shorting the cryptocurrency market.
Will Crypto Recover? Experts Bet Market May Look Different
Choppiness in the crypto market is expected as investors are bracing for a year of rising interest rates.
Amun AG: What are the Top Valuation Approaches for Altcoins?
We continue to explore the top Bitcoin valuation approaches stated in Part 1, which include NVT, NVRV, NVHR, Cost of Mining and Active Address method. In addition, we also looked at the field of altcoin valuation, including Ethereum, top privacy and payment coins.
Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading
During the March 12 stock market crash instigated by the coronavirus pandemic’s disruption to the world economy, cryptocurrency exchanges experienced a massive sell-off of Bitcoin and Ethereum. When the liquidation panic finally settled down, Bitfinex emerged as one of the few exchanges that had been able to take the extreme volatility in stride.
Circle's New APIs Simplify Complex Crypto Concepts For Mass Institutional Adoption
Circle Builds Layers of Simplicity over Complex Crypto Concepts for Business to Trigger Digital Adoption
WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy
Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).
LocalBitcoins Deploys Elliptic’s Blockchain-Powered Tracking Tools for Enhanced Surveillance
Leading peer to peer (P2P) Bitcoin trading platform LocalBitcoins has partnered with Elliptic, a global provider of crypto asset risk management solutions, to tame the headache of its illegal usage through blockchain-enabled monitoring tools.
The End of Bitcoin: Which Cryptocurrencies will survive a future crash?
During the Covid crisis, casual investors started to swap stocks and shares and even golf for investment in cryptocurrency, with Bitcoin and other altcoins like Ethereum proving to be hugely popular.
Stablecoins and their role in the crypto space
Stablecoins play an important role in the world of crypto. Read the article to learn more about the origins of stablecoins, their pros, cons, and prospects.
Short Bitcoin Investment Products Saw Record Inflow of $18m Last Week: CoinShares
Data from digital asset management firm Coinshares showed that outflows from cryptocurrency investment products reached $9.2 million last week, with the majority of inflows coming from short investment products.
Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m
In the past week, inflows into crypto investment products reached $193 million. A scenario last seen in mid-December 2021, according to digital asset management firm Coinshares.
Cryptocurrencies Experience Record Outflows in Week 1 of 2022: CoinShares
As prices continued their tumble in the first trading week of 2022, digital asset manager CoinShares' report showed that cryptocurrency investment had net outflows totalling a record $207 million.
Crypto Investment Products, Funds Sees Net Outflows for 2nd Straight Week
Digital asset manager CoinShares stated that crypto investment products and funds saw net outflows for a second straight week, according to Reuters.
Bitcoin Dominance Hits 70% at 30-Month High While Altcoins are Dying
Bitcoin now accounts for just over 70 percent of the total cryptocurrency market capitalization as of September 3rd according to CoinMarketCap.
Companies among S. American Nations are Optimistic Accepting Crypto, Study Shows
Companies permitting Bitcoin and other crypto payments have a more positive outlook in Brazil, Columbia, and Argentina, according to a study by financial payments processing firm CoinsPaid.
Digital Currency Growth Brings "Opportunities and Challenges": IMF
A recent report by the IMF says the current evolution in the crypto ecosystem presents both opportunities and challenges for the broader financial ecosystem
Visa CEO Says the Payment Giant Will Add Cryptocurrencies to Its Payments Network
Visa has come out in support of digital currencies and believes that cryptocurrencies have the potential to improve the value of digital payments and create more accessibility.
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates have urged U.S. Congress members to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.
Bitcoin, Ethereum, Chainlink, and Ripple XRP Regain Strength Amid Price Correction
Bitcoin, Ethereum, Chainlink, Ripple, and Litecoin are regaining their bullish momentum despite plummeting after a price spike.
New Money Theory in Action: Circle's USDC Stablecoin
Circle is gearing up for 2020 with a renewed deep focus on stablecoins and the powerful potential they hold for people, enterprises, and governments globally.
Galaxy Digital Calls Coinbase Listing a ‘Netscape Moment for Crypto’ as Digital Assets Rise to New ATHs
Coinbase’s listing on Nasdaq has created quite a stir in the cryptocurrency industry and has served to push many cryptocurrencies to new all-time highs (ATHs).
USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock
Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space.
CoinSmart Is on the Hunt to Buy Distressed Crypto Assets
The recent market crash is the latest in global financial events that have created unique opportunities for buyers like CoinSmart and FTX wanting to acquire distressed crypto firms at a bargain valuation.
CoinShares Launches Ripple ETP
CoinShares, Europe’s largest digital asset manager with over $5 billion in assets under management, has released a Ripple ETP.
Institutional XRP Inflows Surge to Hit $33 Million, Almost Doubling Its AUM
Despite tumbling slightly in price, XRP's institutional inflows have been ramping up.
Cryptocurrencies post record inflows in first 11 months of 2021: CoinShares
According to data from digital asset manager CoinShares on Monday, cryptocurrency products and funds posted record inflows in the first 11 months of 2021.
Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker
Russia used to resist legalizing crypto. However, it is now willing to embrace the use of cryptocurrency for cross-border payments due to geopolitical tensions.
Visa Developing Interoperable Transfers among CBDC Payments
Visa is rolling out a new interoperability feature facilitating digital currency payments among different parties. Visa aims to establish a bridge payment between digital currencies on the blockchain ecosystem.
New Zealand Eyeing the Possibility of Rolling Out a CBDC
New Zealand is in the race of setting up a central bank digital currency (CBDC) because it sees it as a stepping stone towards attaining an efficient monetary policy tool.
Top Tips for New Bitcoin Investors
Investing in Bitcoin can be a complex and daunting process for beginners. That's why you should learn tips for investing in Bitcoin. Although you've heard stories of people making money from Bitcoin investments, you should be careful when starting.
Opinion: Terra – A lesson learnt for trading platforms?
The events related to the Terra and Luna collapse highlight why trading platforms need to provide clarity and education for their users. With tighter regulations looming, demonstrating responsibility and a commitment to consumer protection is vital if trading platforms are to thrive.
Crypto Exchange Bit.com to Enhance TON Ecosystem
Bit.com, a Singapore-based crypto exchange, has partnered with TON, which stands for “The Open Network,” to expand, enhance, and develop its ecosystem.
Crypto Watchlist: Biggest Losers This Week (AVAX, MATIC, KCS)
With most coins trading in the negative, here is a look into the three coins with the biggest weekly losses.
Bitcoin Takes Black Swan Dive With Markets, Cash Still King as Stablecoin Market Caps Surge
The Bitcoin community watched from the edge of their seats as the BTC price briefly sank below to $3,900 before rebounding to between $5,300 and $5,500 in less than 30 minutes this morning.
5 Ways The Crypto Market Has Changed In 2020
The cryptocurrency market is constantly evolving. Among new investment methods, new technologies, and new cryptocurrencies altogether, these are some of the most prominent developments in 2020.
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.
Crypto Weekly Outflows Touches $17m, Ending Six Consecutive Weeks Inflow: CoinShares
Outflows from crypto investment products reached $17 million in the week as of Aug. 12, according to digital asset management firm Coinshares, ending a six-week run of inflows for the cryptocurrency industry.
Digital-Asset Investment Funds Enjoys Net Inflow of up to $63M since Five Weeks
Market analysis report shows that digital asset investment products enjoy a net flow of up to $63 million in five consecutive weeks, breaking a four week run of outflow.
Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares
Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a report by market insight provider CoinShares.
Altcoins Expanding DeFi Ecosystem but Can't Beat Layer 1 King Ethereum: Chainalysis
One of the major investment topics of 2021 was the alternative blockchain networks as big investors are looking beyond Bitcoin and taking a leap into Ethereum.
Bitcoin Pares off its Weekend Gains as Altcoin’s Growth Slows
Bitcoin has negatively toppled its growth as the trend slows down the growth of altcoins.
Cardano ADA Ecosystem Q2 2023: DeFi Growth, Stablecoins, and NFT Trends
Cardano's Q2 2023 report by Messari highlights 34.9% stablecoin growth, DeFi expansion, and NFT trends, with promising developments in scaling solutions.
Ethereum Gains Momentum and Multiple Altcoins Follow its Lead
Various altcoins are following Ethereum’s momentum footsteps. The market is looking at Ethereum climbing to the $2,400 level.
MAS Sees Potential in Retail-CBDC for the City-State
Despite its plans to float Project Orchid, the technology infrastructure, and the technical competencies necessary to issue a digital Singapore dollar, the Monetary Authority of Singapore (MAS) is not in a hurry to follow the bandwagon.
Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar
The Federal Reserve Bank is involved in a large-scale research and development regarding digital dollar, says Chairman Jerome Powell.
About 90 Percent of Countries Representing the Global Economy Exploring CBDCs, Report says
A recent testimony by Julia Friedlander to Congress has revealed that more countries are exploring CBDCs, however, the US is lagging behind.
Bitcoin Price Has Been Stable, It’s an Altcoin Season Right Now, Says CZ Binance
Bitcoin has been trading sideways for the last few months, with the stability around $9,100. Bitcoin (BTC) has been struggling to gain bullish momentum above $9,200. In an interview with Bloomberg, Changpeng Zhao, the CEO of Binance commented on the stability of the recent Bitcoin price.
Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off
Bitcoin’s dominance has reached a new high, and BTC’s dominance has not had much rejection so far.
Ethereum Blockchain Now Has $2 Billion in Bitcoin as BTC Fever Taking Over DeFi Investors
Currently, Ethereum holds more than $2 billion worth of Bitcoin on its blockchain, as investors are getting creative with BTC and anticipating its next bull run.
Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?
The crypto market continues to be in the red based on more liquidation. As a result, the leading cryptocurrencies are in the fear zone.
Barstool Sports Founder Dave Portnoy to Dump Bitcoin and Chainlink (LINK) After $25,000 Loss
Dave Portnoy announced that he is done with cryptocurrency and Bitcoin after undergoing a loss of $25,000 due to market crash.
Bitcoin Most Popular Crypto in North America, Market Experts Report
Bitcoin has always been the most popular cryptocurrency on the global market, but the region that is most invested in BTC assets appears to be North America.
Bitcoin Hit the Worst Quarter Return since Q1 2018
Bitcoin is currently down nearly 46% this quarter. Bitcoin is about to meet its biggest decline since 2014.
4 Reasons Why Bitcoin Rises While the Crypto and Stock Markets Drop
Why does the Bitcoin price continue to rise as the stock market, as well as the overall crypto market experience a drop? Here are four reason why Bitcoin is different.
Bitcoin’s Volatility has Slowed Down, according to CoinShares Chief Strategist
Despite the effects of the Covid-19 pandemic, some notable market indexes have hit record highs, making Bitcoin (BTC) appear less volatile according to CoinShares CSO.
Bitcoin Price and Altcoins Spike On News of President Trump’s Recovery Against COVID-19
Bitcoin and altcoins have enjoyed a brief price surge on the back of news that President Trump could be discharged from hospital after his bout with COVID-19.
Bitcoin Plunges Over 11% Decline with $141.4M Outflow from Institutions
Bitcoin suffered its biggest decline in 10 days which has fallen by 11.19% in the past 24 hours, with the net outflow of institutions reaching a record of $141.4 million last week.
Bitcoin (BTC) Price Could Reach $125K if it Pulled a Tesla—The Two Assets Show Similarities
The amount of Bitcoin whales, who have at least 10,000 BTC has increased to 114 as the cryptocurrency’s price rose above $18,000.
Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.
Ethereum Price Gains 45% in 24 hours, What’s Driving the ETH Price Rally?
The Ethereum price has made its largest single-day price gain in the crypto’s history, surging 45% in the last 24 hours, but what is behind the ETH price rally?
Ethereum Whales Continue Ramping up, Despite Price Slip Below $4,000
Active whales in Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins.
Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.
Ethereum’s Price Going through the Roof, Subject to Renewed Interest from Short-Term Traders
Ethereum’s surge to historic highs has renewed the discussion of whether the altcoin season is back as short-term traders' interest soars.
The Number of Non-Zero Ethereum Addresses Hit an ATH
The Ethereum (ETH) network continues to attract more participants because the number of non-zero addresses broke the record at 66,552,716.
The Tale of Ethereum’s 6-Year Journey from Lows of $0.4 to Highs of $4650
ETH has shined so far this quarter because after setting an all-time high (ATH) of $4,400 recently, it soared to new historic highs of $4,650.
Ethereum 2.0 Hits a New Milestone with a Deposit of More Than 9 Million Ether
More investments continue trickling into Ethereum 2.0 because 9.01 million ETH has been staked.
Ethereum 2.0 Full Upgrade Will Prompt a 1% Annual Deflation Rate
A transition to the proof of stake(PoS) consensus mechanism through Ethereum 2.0 will prompt a 1% annual deflation rate on the ETH network.
Ethereum’s Network Revenue Shot up by 1,777% Last Annual Year
Ethereum network revenue rose 1,777% from $231.41 million to $4.34 billion, according to market insight provider Bankless.
Ethereum Price Set to Reach $2,000 When the Correction is Over, Altcoins to Outperform Bitcoin
Cryptocurrency trader commented on the outlook for ETH, saying once the correction is over, Ethereum’s price could head towards $2,000
Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.
Ethereum Supply Diminishes to a Record Low Amid ETH Breaking the Record at $4,400
Ethereum’s record-breaking surge is being attributed to diminished supply and high token circulation.
Ethereum Surges Past $700 for the First Time since 2018, ETH Supply on Exchanges Diminishes
New data by Santiment reveals that the current ETH price rally has not been witnessed since May 19, 2018 as supply on exchanges sink to a 1.5-year low.
Institutional Investment in ETH Turns Positive, with Inflows for Four Weeks in a Row
According to digital asset management firm Coinshares, inflows into Ethereum crypto investment products reached $120 million over the past week (the week ended July 15); the last time this happened was in June 2021.
DeFi Users on Ethereum Hit 4M for the First Time
Ethereum DeFi users reached a historic high of 4 million based on continued adoption.
Ethereum Price Could Surge as OCC Permits US Banks to Run Nodes For Stablecoins
A recent announcement by the Office of the Comptroller of the Currency (OCC) has provided a mainstream catalyst that could see the ETH price rally to new all-time highs.
$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options
Open interest is rising, with $5,000 being the largest strike price for Ethereum options.
Ethereum and Litecoin Could See Slight Correction Before Continuing Bull Run
Ethereum (ETH) is currently trading at $1,107 at the time of writing, up by over 7 percent in the past 24 hours.
India Crypto Exchanges Restrict Rupee Deposits to Buy Crypto
Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have banned users from making rupee deposits to buy cryptocurrencies due to issues with the United Payments Interface (UPI), Reuters reported.
Chainlink (LINK) Massive Bull Run Rallies to Another New All-Time High, Up 700 percent in 2020
Chainlink (LINK) has surged by 52 percent in the past 24 hours, reaching its new all-time-high a $13.8799. Chainlink’s LINK price declined and showed a correction on Aug. 5, however, the current uptrend has proved to be strong. While LINK has attempted to reach $14, and most other altcoins are in the green.
Ethereum, Cardano and Other Altcoins Slandered by Blockstream CEO as Ponzi Schemes
Blockstream CEO Adam Back publicly stated that Ethereum and other altcoins were Ponzi schemes, angering Ethereum co-founders Vitalik Buterin and Charles Hoskinson.
Altcoins Plunge as Bitcoin Sees Massive Retracement, Analyst says Altseason Could Outperform BTC
The world’s largest cryptocurrency has seen a steep plunge of 13.2% in the past 24 hours, but has managed to hold above the $33,000 level.
Chainlink Is Rallying Bullishly, Up 15% in The Last 7 Hours
New data by on-chain metrics provider Santiment reveals that Chainlink (LINK) is back to its winning ways because it is up by nearly 15% in the last 7 hours.
Theta Makes Its Way to Top 10 Crypto by Market Cap
Theta is now ranked among the top ten cryptocurrencies by market capitalization, occupying the ninth spot.
Solana Takes the Helm as the Most Staked Crypto, Cardano Goes Second
Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value of $78.49 billion.
Chainlink's Supply on Exchanges at a New Low Since 2017, Confidence in LINK Price to Surge is High
Chainlink’s percent of supply sitting on exchanges has seen a new low, with the lowest supply amount on exchanges seen since its ICO in September 2017
Cardano Elbows Ripple to Take 6th Position, Thanks to Heightened Development Activity
Cardano (ADA) has been scaling the heights because it is now the sixth-largest cryptocurrency after dethroning Ripple (XRP) with a market capitalization of $20.71 billion, according to CoinMarketCap.
Journey to New Highs: Why XRP, LTC, and BCH Are Still Left Behind
Amid the crypto market bull run, XRP, LTC, and BCH are stagnant in comparison with other altcoins. Here is a look at why these altcoins may have underperformed.
Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.
Not Just Bitcoin - Ethereum and Altcoins Gain Bullish Momentum
Ethereum's record-breaking momentum indicates that investors are increasingly taking an interest to altcoins and that Bitcoin's dominance in the crypto sector has slightly declined.
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.
Ethereum Killer Polkadot Rallies as ETH Lags Behind, What’s Next for DOT?
The Polkadot (DOT) token has managed to secure its gains in the past week, while other altcoins lagged behind Bitcoin’s price surge.
Altcoin Watch: Top 2 Tokens to Watch This Week
With the instability in the market, here are key tokens that are likely to define the market trend this week.
Altcoins React Negatively to XRP News While BTC Holds Still—Are We Close to an Altseason Yet?
Some analysts believe that while Bitcoin was not moved by the XRP news, most of the major altcoins may have been affected.
Altcoin Watch: Top 3 Tokens to Watch This Week XRP, ALGO, and COMP
With the general regressive pathway of major digital assets, here are some of the altcoins to watch this week.
SHIBA INU Continues to be the Top Trending Topic in Crypto Amid an 889% Monthly Surge
SHIBA INU (SHIB) is emerging as the new kid on the cryptocurrency block.
Cardano Now the Biggest Proof-of-Stake Network as ADA Flips Polkadot (DOT) to Become 7th Top Crypto
The total amount staked on Cardano (ADA) has officially surpassed that on Polkadot (DOT), making Cardano the largest proof-of-stake network as of now.
Altcoin Market Capitalization to Expect the Biggest Impulse Wave Since 2017, ETH Price to Surge
Crypto trader Michael van de Poppe recently said that the next quarter would be good for altcoins.
Twitter Nearly Close a deal selling to Elon Musk, Will Memecoins Soar?
Negotiations between Elon Musk, the CEO of Tesla Inc., and Twitter’s eleven-member board were in high gear on April 25. Musk eyes purchasing the social media giant and making it private.
IOTA Works Towards Chrysalis Upgrade, MIOTA Price Predictions are High
The IOTA 1.5 network upgrade, also known as Chrysalis is quickly approaching, with IOTA’s new wallet, Firefly introduced last week.
Chainlink’s LINK Crypto Price Surges to a New All-Time High, Signaling a Strong Altcoin Season
Chainlink has surged to an all-time high, $8.48, as recent new partnerships have instigated its bull run. Likely factors that pushed the crypto into its strong momentum were recent high-profile partnerships, price discovery, and the strong altcoin market.
ZCash Celebrates First Halving, Unveils Canopy The Network's Fifth Upgrade
ZCash has undergone its first halving at block 1,046,400 and the event coincides with the network's fifth upgrade dubbed Canopy.
Global Crypto Market Cap Sees a Flash Surge Above $2T on Altcoin's Gains
The global crypto market cap recorded a $2 trillion market cap for the first time since May.
Ripple (XRP) Price to Skyrocket and “Completely Annihilate” Every Other Altcoin, says Analyst
The demand for Ripple’s cryptocurrency, XRP is set to skyrocket as the US regulation of cryptocurrencies are clarified. Ripple currently relies on the power of the ISO20022 standardization within RippleNet.
OmiseGO (OMG) Price Sees Three-Digit Gains, Bitcoin Loses Dominance
While Bitcoin’s price is struggling to maintain its $12,000 threshold, an altcoin has been making triple-digit gains, including the OmiseGO (OMG) Network.
Solana Elbows Tether to 4th Position amid NFT Secondary Sales Clocking $500M
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position.
Chainlink, Uniswap, and Polkadot among the Altcoins that Have Held Up Well Despite Bitcoin’s Plunge
While Bitcoin has plunged by 15% on a seven-day period, dragging most of the cryptocurrency market along with it, some altcoins have survived the drop.
Transactions Worth over $100K Escalate on the Dogecoin Network after Elon Musk's Acquisition of Twitter
Dogecoin has been in a frenzy in the past 24 hours following the acquisition of Twitter by Elon Musk, the CEO of Tesla Inc.
Chainlink (LINK) to See Potential Correction as Investor Sentiment Show Concerning Signs
Chainlink (LINK) has been one of the best-performing cryptocurrencies in 2020 and has seen a 20% surge in the past 24 hours. Chainlink has set a new all-time high, the fourth time in less than two months, reaching $17.59 on Binance. Is a bear market coming?
Bitcoin SV Moons As Craig Wright Tells Court That he Has Access to Tulip Trust
Bitcoin Satoshi Version (BSV), a fork of the Bitcoin Cash, is surging in trades following Craig Wright’s compliance with a court order to open up the mysterious Tulip Trust for inspection.
Staking Rewards Raises $3.2M Equity from Crypto's Largest Funds Ecosystem
Crypto data aggregation startup, Staking Rewards says it has raised $3.2 million from the biggest fund managers in the cryptocurrency ecosystem.
BIGG Digital Assets Inc.Releases Q1 Result, Revenue Hits up to $2.5m
Canada-based cryptocurrency company BIGG Digital Assets Inc. announced its financial results for the first quarter of 2022, with total quarterly revenue of $2.5 million.
CoinShares Launches Twitter Bot for NFT Investors
Crypto asset manager CoinShares has launched a helpful Twitter bot for NFT investors.
LocalBitcoins Clocks 300,000 Mobile App Downloads, With Africa Making a Mark
Two months after reaching 200,000 mobile app downloads on iOS and Android, LocalBitcoins has scaled the heights by crossing the 300,000 mark.
CoinShares Acquires Additional Stake in Switzerland-Based FlowBank
CoinShares has further increased its strategic investment into Swiss-based online FlowBank to extend its market reach.
CoinShares Acquires Napoleon Asset Management, Expanding into EU Markets
The deal underscores interesting points about CoinShares. The digital asset firm has bought its rival based in France to double down on European Union expansion.
Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data
The Canada Revenue Agency has requested a judge of the Federal Court to force a crypto exchange to hand over information about all its customers.
Thai Central Bank Issues Stern Warning about Thai Baht Digital (THT) Stablecoin
The Bank of Thailand is warning citizens against using the illegal THT stablecoin.
New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins
A new report from the Bank for International Settlements has advocated the deployment of ‘Embedded Systems’ in the monitoring of global stablecoin projects.
US and UK Regulators to Take Action on Stablecoins after Terra’s Collapse
Stablecoins plunged below $1 this week. Major regulators have become concerned about such cryptocurrencies.
Is USDC’s Value Posed to Surpass that of USDT This Year?
As the stablecoin arena gains steam, the supremacy battle between Tether (USDT) and USD Coin (USDC) continues to rage on.
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
Stablecoins Hit $20 Billion by Market Cap Milestone, More Investors Favouring Tether as Hedge
Stablecoins have made incredible crypto gains, achieving a milestone of $20 billion per market capitalization in September.
Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services
Democrat members of the United States Congress led by Congresswoman Rashida Tlaib (D-MI) have criticized the OCC's focus on crypto and stablecoins.
CoinShares to Acquire the ETF Index of Elwood Technologies, Owned by Ellen Howard for $17M
Elwood Technologies, a cryptocurrency company of hedge fund giant Allen Howard, sold its ETF index to CoinShares for $17 million.
Coinsquare Acquires CoinSmart to Float a Dominant Crypto Exchange in Canada
Coinsquare has entered into a decisive agreement with CoinSmart Financial Inc to purchase the crypto trading platform
$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021
The latest Kraken VIP sentiment survey reflects how investors think the crypto sector might evolve in 2021. Some are projecting the BTC price as high as $250,000.
Coinbase CEO Defends Decision to License Analytics Platform to US Secret Service
CEO of Coinbase Brian Armstrong sold his blockchain analytics software to US Secret Service, and addressed any worries investors might have concerning privacy issues.
CoinsPaid Total Transaction YTD Tops €16B despite Crypto Winter
Cryptocurrency processing platform CoinsPaid has shared an update on its performance in Q3, revealing it saw a two times growth in its transaction volume when compared to the same period of last year.
Binance Completed Their "Largest Upgrade" in 2 years, What was Improved?
Binance upgrades its cryptocurrency exchange platform and says it the biggest upgrade they've done in years.
UAE's YallaMarket Now Accepts Crypto Payments
YallaMarket, a grocery delivery startup in the United Arab Emirates, has announced it has started accepting crypto payments for its services.
Bit.com Rolls Out USD Perpetual Trading for Diversification Purposes
To eliminate overreliance on a single type of stablecoin, Seychelles-based crypto exchange @Bit.com has rolled out USD perpetual trading, starting with BTC/USD and ETH/USD pairs.
LocalBitcoins Cuts Fees to Zero for Ukrainians Both Locally and Abroad
To ease transactions amongst Ukrainians as they face the Russian Army Invasion in their nation, P2P Bitcoin marketplace LocalBitcoins has removed all transaction fees for them both locally and abroad.
CoinShares Lists Chainlink, Uniswap ETPs on Germany’s Stock Market Xetra
CoinShares has launched new physically-backed exchange-traded products (ETPs) for Chainlink and Uniswap cryptocurrencies.
CoinShares to Launch Algorithmic Trading Platform for Retail Traders
CoinShares' new platform HAL will provide retail traders access to a range of algorithmic trading strategies for $20 per month.
HK-based Coinsuper Under Scrutiny after Failed Transactions Since Nov 2021
Customers of Hong Kong-based Coinsuper have been unable to withdraw money or tokens from the bourse since late November, review from messages on the firm’s official Telegram chat showed.
Binance Contributes to Recovery and Return of $10,000 of Stolen Crypto To a Targeted Investor
Binance affiliate crypto security expert Harry Denley helped a victim recover $10, 000 worth of lost cryptocurrency recently.
LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ).
Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT
In pursuit of becoming a global crypto hub, Britain seeks to revamp the traditional financial market using distributed ledger technology (DLT), according to the finance ministry.
European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package
The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.
DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily
The growth of the DeFi industry has led to an explosive increase in popularity in Ethereum-compatible stablecoins.
Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards
Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.
Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.
Chainlink Rebounds While Large-Cap Altcoins Lag Behind, DeFi Market Reaches $10B in Total Value Locked
Chainlink (LINK) has been making over 18 percent gains in the past 24 hours, taking the lead ahead of most of the large-cap altcoins and Bitcoin.
Aave Launches Upgrade, DeFi Tokens to Gain as Bitcoin Fails to Break $16K
Aave DeFi protocol launched an upgrade on its public testnet today. The news comes as Defi tokens may be preparing for a bull run, with Bitcoin failing to rally.
US Secret Service Seizes Over $102m in Digital Currencies among Crypto Crimes
The United States Secret Service has notably confiscated as much as $102 million worth of crypto assets in its investigation of the activities of cybercriminals.
Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.
Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules
Cryptocurrency exchange OKEx’s Korean arm will be delisting all five privacy altcoins including Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), and Super Bitcoin (SBTC).
Bitcoin Addresses with at least 1K Coins Hit All-Time High As Bitcoin Price Rebounds
The number of Bitcoin (BTC) addresses holding at least 1000 cryptos has soared to a new all-time high (ATH) at 2,469.
Bitcoin Sees Massive Pullback as Addresses With More Than 1K Coins Reach One-Month Low
Bitcoin is seeing a price correction as the number of BTC whales is reducing, but the market has nothing to fear as institutional investors are still holding down the fort.
CZ: I Personally Believe in Two Coins, BNB and BTC, That’s It
On a rainy Monday night in Moscow, on October 21st 2019, the famous influencer, game-changer, and billionaire, CEO of Binance cryptocurrency exchange Changpeng Zhao, widely known as CZ, met with 700+ Russian blockchainers during a special Binance Super Meetup Russia. To everyone’s delight, CZ started his speech confirming that Binance is going to launch crypto-fiat trading pairs, and the debut trading option would be tied to the Russian ruble.
Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price
Bitcoin ultimately has a total supply of 21 million coins, some of which has not been mined yet; considering lost coins, the actual supply is way fewer.