Korean crypto exchanges Upbit and Bithumb announced in public notices to users that they will drop Litecoin (LTC). Upbit will stop trading pairs with Litecoin on June 20th and give users one month from then to withdraw the asset. Bithumb has already stopped accepting LTC deposits as of June 8th. Furthermore, the exchange is giving...Read More
Prices and sales of non-fungible tokens (NFTs) have continued to crash as bears completely take over the broader crypto market. Popular collections such as the revered Bored Ape Yacht Club (BAYC) were not spared either, and their floor prices have lost significant value in US dollars. For clarity, the floor price represents the lowest price...Read More
Amid heightened inflation concerns, investors are steering away from riskier assets. Crypto declines are closely tracking the equity market, and given the current fragility, negative sentiment across the space is palpable. But Binance CEO CZ believes crypto winter is a great time to hire people. At the Consensus 2022 conference, the chief executive revealed now...Read More
Ethereum developers have agreed to delay the “difficulty bomb,” a big transition leading up to the “Merge.” After testing the Merge, ETH developer, Danny Ryan revealed finding two minor bugs affecting some stakers. Additionally, 9% of validators also have issues with configuration. New EIP-5133 Proposal Lead developer Tim Beiko revealed that a proposal EIP-5133, advocating...Read More
The fall of Terra, which went from being the world’s third largest stablecoin to being valued at less than a $1, has been the most talked-about topic. Since hitting an all-time high in November, the value of Bitcoin has plummeted, as has the value of other digital assets such as altcoins and stablecoins, resulting in...Read More
Banking giant Goldman Sachs began trading a derivative asset tied to Ether on Monday. The asset is intended to provide investors with indirect exposure to Ether – the second-largest cryptocurrency by market cap. As reported by Bloomberg, the counterparty of the trade was Marex Financial – a London-based financial services firm. The move comes on...Read More
Bitcoin and cryptocurrency sell-off has heightened with no signs of a respite. Amidst the ongoing mayhem, Binance temporarily halted Bitcoin withdrawals on the BTC network specifically – withdrawals through other networks such as BEP20 are working as intended. “Binance has temporarily paused #Bitcoin withdrawals on the $BTC network. Meanwhile, you can still withdraw BTC on...Read More
Tl;dr: This blog shares insights on how Coinbase is investing in new tools and processes to scale its node operations. By Min Choi, Senior Engineering Manager — Crypto Reliability Blockchain nodes power almost every user experience at Coinbase. We use them to monitor fund movements, help our customers earn their staking rewards, and build the...Read More
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic...Read More
The long-awaited Cross Staking conference dedicated to cross-staking was held from June 11 to June 12, 2022, in Denver, USA. The organizers were: Owen Tao, the director of Cross Staking; Brian Yang, a leading specialist of the company; Anthony War, a chief architect; as well as other team members. Among the conference attendees were startups,...Read More
A new class-action lawsuit filed against the US branch of the largest cryptocurrency exchange alleges the company of misleading investors and illegally allowing the sale of unregistered securities – LUNA and UST. Filed in the Northern District of California on Monday by law firms Dontzin Nagy & Fleissig and Roche Freedman, the lawsuit reads that...Read More
The controversial events surrounding Celsius Network continue to unfold as the team unstaked hundreds of millions of dollars in crypto from Aave and transferred them to FTX. So far, the project has not provided a reason why, but social media speculations are running rampant. The transactions began during the weekend, with the first batch seeing...Read More
Earlier today, Celsius Network halted all withdrawals, swaps, and transfers between accounts of its users, citing extreme market conditions. Now, rival crypto-lending company Nexo extends a letter of intent to buy all qualifying assets of the company. As CryptoPotato reported earlier today, one of the leading cryptocurrency lenders – Celsius Network – is facing major difficulties. Citing...Read More
No bottom is in sight yet, as bitcoin slumped below $25,000 for the first time since December 2020. Expectedly, the altcoins keep suffering more with several double-digit losers. As such, the liquidations are up to half a billion again. A lot can change in the cryptocurrency markets in a week, and it did so in...Read More
BitMEX has extended Calvin Kim’s Bitcoin developer grant until November 2022, a six month extension from the previous grant, which expires at the end of this month. Commenting on the grant, Calvin said: I’m extremely grateful for BitMEX’s continued support of my work. This past year, I was able to make much progress on exploring...Read More
Novatti Group has announced the integration of its stablecoin AUDC into Ripple’s XRP Ledger. The company said it will benefit from faster and low-cost transactions on XRPL. AUDC will also be integrated into Novatti’s existing suite of payment solutions. It will potentially create a low-cost domestic and cross-border payment system, including stablecoin-linked payment cards, the...Read More
