The Chinese authorities will reportedly give away 30 million yuan ($4.5 million) in e-CNY to Shenzhen’s residents on Monday in a bid to boost its pandemic-hit economy. The latest endeavor has also shown that China continues to push its CBDC and promote the financial product among broad society. A Bid to Revitalize the Local Economy...Read More
The Shiba Inu pricing indicates that there is a start of a bull run, yet a green candle needs to pop in for confirmation. But SHIB will receive the necessary validation if it retests the immediate barrier before a minor uptrend. While technical analysis provides part of the truth, fundamental analysis completes the picture. The...Read More
The government of Kazakhstan reeled in 652 million Kazakhstani tenge ($1.5 million) in revenue from Bitcoin Miners in Q1 2022. This figure ran significantly below expectations, largely due to the government shutdown of mining firms across the country starting late last year. Mining in Kazakhstan According to a report from Kazakhstan’s State Revenue Committee of...Read More
[PR – British Virgin Islands, 30th May 2022] Zetrix, the Layer 1 public blockchain network facilitating smart contracts and delivering privacy, security, and scalability, has announced the launch of an innovative NFT based insurance product, Covinsure. Covinsure breaks new ground by providing insurance using blockchain technology and cryptocurrencies as rewards. Covinsure is the techiest Covid-19...Read More
Brian T. Moynihan – the CEO of Bank of America – recently confirmed that the company will not be offering crypto-related services in the near future. Though he acknowledged the importance of digital payments in today’s economy, he claimed that regulatory roadblocks prevent the bank from foraying deeper into the industry. A Hostile Regulatory Climate...Read More
Amidst the market-wide chaos, it is the mid-sized Bitcoin holders that have held on to the old investment adage of “buy the dip.” Data suggested that entities holding less than 100 BTC in their wallets appear to have raked in all of the dumped Bitcoins. Fetching Dumped Bitcoins The de-pegging of UST forced Luna Foundation...Read More
Cryptocurrency markets are showing bullish momentum this Memorial Day, as Bitcoin and Ethereum are up 3.6%, holding their current support levels of $30k and $1.8k. Surprisingly, both LUNC and LUNA show significant price growth, with the Terra Classic token up over 74% and LUNA 2.0 up over 11% in the past 24 hours. Let’s look...Read More
One of the largest money transfer services in the world – MoneyGram – plans to enable users to send stablecoins and convert them to fiat currency. The company will collaborate with Stellar Blockchain to execute the move. In addition, CEO Alex Holmes shared his optimistic view on the crypto industry, predicting it is “here to...Read More
The star crypto after recording 8 strength red-weekly candles, Bitcoin ignited a bullish start for the week. The prices rebounded well from the bottom after a brief consolidation for a couple of days. The asset is expected to keep up the bullish momentum as it has broken the 20-day downtrend and he lowered resistance at...Read More
Terra’s unraveling is undoubtedly one of the biggest busts in the crypto industry’s history. While Kwon has already initiated his grand revival plan to salvage the Terra ecosystem, the people who worked with him in the now worthless “LUNA Classic” reportedly are under investigation. According to a report, the Financial and Financial Securities Crime Joint...Read More
BitMEX has extended Chris Coverdale’s Bitcoin developer grant until November 2022, a six month extension from the previous grant, which expires at the end of this month. We are very pleased with the work Chris is doing on Stratum V2 and in particular we are impressed with how he collaborates very well with open source developers...Read More
[PRESS RELEASE – Please Read Disclaimer] Galaxy Racer (GXR), the Dubai-headquartered transmedia powerhouse focused on esports, content creators, music, and sports, is excited to reveal its investment in the Quint ecosystem’s token, $QUINT. Galaxy Racer will invest US$25 million into Quint, becoming the first esports and lifestyle organisation to commit a significant sum into a...Read More
We have updated the symbol name for Terra Classic from LUNA to LUNC to align with market convention. LUNC has replaced LUNA in the .BALTMEX and .BDEFIMEX basket indices. Since LUNA was marked at zero before this change, there was no mark price impact. LUNA will be used to represent Terra, also known as Terra...Read More
Since Q4 2021, BitMEX users have used Bitcoin and/or Tether (ERC-20) for margin and settlement. However, that all changes tomorrow, when we launch ETH-margined contracts. Ahead of ETH margin and settlement capabilities arriving on our platform, this blog takes a closer look at margins in crypto trading – and the finer details of our Ether-margined...Read More
