Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction. The company plans to sell its equipment as fast as possible, to take advantage of currently favorable market conditions. Selling While They Can BlockFi lawyer Francis Petrie told US Bankruptcy Judge Michael Kaplan on Monday that the company...Read More
The New York Department of Financial Services reportedly launched an investigation against Gemini, alleging that the cryptocurrency exchange told its 340,000 Earn users they were FDIC-protected. The program, which provided clients up to 7.4% APY on their holdings, went down after the platform’s partner – Genesis – halted withdrawals and filed for bankruptcy. The NYDFS...Read More
Elon Musk is moving ahead with plans to bring payment functionality to Twitter, bringing another revenue stream to the struggling social media giant. Though the technology will primarily be fiat-focused, it will be built so that crypto-functionality can be added in the future. Twitter and Payments As reported by the Financial Times on Monday, Esther...Read More
Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023. He believes one of the nations to embrace the asset could be his homeland China. The ‘Ambitious Goal’ In a recent Twitter thread, Sun raised...Read More
Stablecoins have been one of the most controversial areas of the cryptocurrency industry. But this has not deterred industry leaders to bring about new pegged tokens built on a secure foundation. The much-awaited Djed – which happens to be Cardano’s native overcollateralized stablecoin – is set to launch this week. Developed jointly by the layer...Read More
Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space. Tron...Read More
The crypto market started the year on a positive note where most of the cryptocurrencies doubled their value. Since the start of 2023 Bitcoin has jumped nearly 40% and managed to hit a high of $23,861 just a day before, on January 29. This phenomenon pushed the overall cryptocurrencies on a brighter side where even...Read More
The popular Bitcoin price analyst Plan B has outlined a scenario that he predicts could propel Bitcoin’s price up to $1 million in the year 2025. At a minimum, he expects the asset to rise above $100,000 that year – over 300% above its current price. Return to the Bull Market In a video published...Read More
The price of bitcoin (BTC) in Nigeria has significantly increased beyond the global market valuation amid growing demand for the asset among citizens in the West African country. At the time of writing, BTC was trading at 17.5 million naira (approx. $38,005) on the leading Nigerian cryptocurrency exchange NairaEX. This means that Nigerians have to...Read More
Crypto gambling online is increasing in popularity throughout the world, particularly in Canada. In this article, you can find details about how these websites work as well as all of the information you need to get started. You can also discover more information about the top three Canada crypto casinos – Stake.com, BC.GAME, and Cloudbet....Read More
[PRESS RELEASE – Please Read Disclaimer] Rewarding 15 top-performing traders with various prizes VICTORIA, Seychelles — Bitget, a leading cryptocurrency derivatives exchange, has announced the winners and conclusion of its Hero Trader Awards 2022 competition. The event was organized to select the best 15 copy traders with high moral standards and professional qualities through community...Read More
The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping almost $24 million. Despite the significant rise, the figure stands far from the all-time high of over $80 million registered in April 2021. Bitcoin’s rally during the first month of the year...Read More
South Korea has long been a very important market for crypto exchanges and DeFi platforms. FTX, for instance, reportedly made a fortune off of the so-called Kimchi Premium, the gap in price between the cost of crypto in South Korea and elsewhere, largely fueled by the need for USD-backed trades, creating opportunities for arbitrage trading....Read More
[PRESS RELEASE – Amsterdam, Noord-Holland, 27th January 2023] Index solution provider DemaTrading.ai has conducted a wide-ranging survey of the leading cryptocurrency exchanges. Its results are drawn from conversations with over 30 exchanges and 50 investors and reveal some of the most common reasons why exchange customers stay inactive. The survey identified the following primary reasons...Read More
Late last night, the attackers behind the Harmony exploit back in June 2022 attempted to cash out another batch of their ill-begotten ETH gains. Following the 41k ETH laundered via TornadoCash and Railgun two weeks ago, worth about 63.5 million at the time, the North Korean Lazarus Group made an attempt at laundering another $27.7...Read More
As the last year made heart-stopping dips and now the stunning recoveries in the price chart, many investors are left questioning the future trend of the market. However, the bullish reversal in the market’s sentiment has once again sparked rays of hope of a potential comeback from its bottom price range. These Coins May Bring...Read More
Bitcoin prices have held onto recent gains this weekend, lifting to a new high for the year during the Monday morning Asian trading session. The move has placed another cohort of BTC buyers into the profit zone. According to Glassnode, those that bought Bitcoin in 2019 are back in the green again. The average withdrawal...Read More
