Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
Tag: crypto exchange
NFT Marketplace Magic Eden Bags $130M in Series B Funding Despite Crypto Winter
Popular Solana-based NFT marketplace Magic Eden has raised $130 million in Series B funding, bringing the company’s valuation to $1.6 billion. The latest funding comes at a time when the global crypto...
I Never Asked People to Invest in Crypto
A few days after Elon Musk and his companies – Tesla and SpaceX – were sued by an American citizen, Kieth Johnson, for promoting Dogecoin, the billionaire said in a Bloomberg interview that he “never ...
Is Bitcoin Dead? Is This the End of Crypto? No Way! Here’s Why
It’s that stage in the market cycle where almost everyone feels defeated. Total crypto market capitalization has slumped to less than a trillion dollars, despite only being worth three times that valu...
Bitcoin Miner Bitfarms Confirms 3,000 BTC Sale and Less HODL
Nasdaq-listed Bitcoin mining company Bitfarms has confirmed the sale of approximately 3,000 BTC (appr. $62 million), making it the latest mining firm to announce the sale of mined bitcoins in the wake...
Vitalik Buterin Criticizes Bitcoin S2F Model (to $100k) Prediction
Vitalik Buterin, the founder of Ethereum, has criticized PlanB’s popular Bitcoin Stock-to-Flow (S2F) chart, noting that the model gives people false hope. Sharing his views on Twitter today, Buterin s...
How to Start Work With Crypto When You Are a Student in 2022?
If you have not been living under a rock, you must have heard of crypto, bitcoin, blockchain, digital currency, and other related terms. For quite a while now, the conversation surrounding blockchain ...
What is Three Arrows Capital (3AC), and Why Is Everyone Talking About Them?
Everyone has been talking about Three Arrows Capital (3AC) over the past week, and there is a reason for that. The venture capital firm is at the forefront of a massive liquidation spurred by the rece...
Are Cryptocurrency Assets Securities: A Comprehensive Guide
Cryptocurrencies have become the hottest investment opportunity of the 21st century. Investors are flocking to buy, trade, and hold cryptocurrencies like never before. In doing so, they’re searching f...
KuCoin Becomes First Crypto Exchange to Support PIX-Powered BRL Transfers
KuCoin became the first cryptocurrency exchange to support BRL transfers using the state-backed PIX payment system developed by the Central Bank of Brazil. The recent partnership with the Brazilian pa...
El Salvador’s President Tells Investors
El Salvador President Nayib Bukele has encouraged Bitcoin investors to worry less about the ongoing downward spiral in the market. Bukele is optimistic that the leading cryptocurrency will regain its ...
So Stable! Stablecoins Now Hold Over 15% Of Crypto Market Share
The market value of stablecoins has been rising steadily in recent months. Amid a broader crypto market collapse, stablecoins gained further market share and now hold more than 15% of the total crypto...
Immutable Launches $500 Milllion Ecosystem Fund for Web3 and NFT Gaming
Immutable, an Australian gaming company, has launched a $500 million ecosystem fund committed to supporting developers building on its Ethereum layer 2 scaling solution Immutable X. Immutable Unveils ...
ETH Dips Below $1,000. How low can it go?
Ethereum dipped to its lowest in more than a year. As at the time of writing, Ether’s low for 2022 is $900. However, the coin saw notable price increases that resulted in a peak above $1,090. It has h...
Bullish Traders Lose $350 Million as BTC Drops Below $18k
The bearish market has taken a turn for the worse as Bitcoin price dips below $18k as the crypto market is prepping for its daily close. The latest move by the bears has seen the top coin hit a low of...
Arthur Hayes Predicts Final Showdown for Crypto Market
In two weeks, there will be a “final showdown” between weak hands and a bidless crypto market, according to Arthur Hayes, the former CEO of cryptocurrency derivatives trading exchange BitMEX. Arthur ...
Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”
Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a b...
FTX to Launch in Canada After an Agreement to Acquire Bitvo Exchange
Leading cryptocurrency exchange, FTX is looking to expand into the Canadian market after an agreement to acquire Bitvo exchange. FTX to Acquire Bitvo Exchange According to an official press release, ...
Elon Musk, SpaceX, and Tesla Face $258B Lawsuit Over Dogecoin Promotion
Billionaire tech investor Elon Musk and two of his companies, Tesla and SpaceX, have been sued for allegedly promoting Dogecoin, a popular cryptocurrency that spurred the creation of other memecoins, ...
Kazakhstan to Allow Licensed Crypto Exchanges to Open Bank Accounts
Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace, alongside other government working groups, has launched a pilot program that allows crypto exchanges registered under the Fina...
Circle Rolls out New Euro Stablecoin on Ethereum Network
Global payments company Circle announced Thursday it is rolling out a new stablecoin dubbed Euro Coin (EUROC) to facilitate on-chain transactions and extend the accessibility and use cases of the Euro...
Samsung Launches All-in-One Digital Wallet for Storing Crypto, Cards, and More
Leading South Korean smartphone maker Samsung has launched a one-stop wallet to store cryptocurrencies and other digital information, according to a Monday announcement. Samsung Launches All-in-One Di...
DeFi Protocol Inverse Finance Hacked Again for $1.2M
Decentralized lending platform Inverse Finance has again become a victim of hackers, losing $1.26 million this time. Inverse Finance Loses $1.2M to Hackers Blockchain security and data analytics compa...
Huobi to Shut Down Thailand’s Division After Losing Operational License
Thailand’s Securities and Exchange Commission (Thai SEC) has revoked the operating license of the popular cryptocurrency exchange, Huobi, for regulatory violations, an official announcement revealed W...
MicroStrategy CEO Says Now is an Ideal Time to Buy Bitcoin
Following the current market turmoil, business intelligence firm MicroStrategy is currently sitting on an unrealized loss of over $1 billion on its Bitcoin investment. However, MicroStrategy CEO Micha...
Galaxy Digital CEO Mike Novogratz Says Crypto is Closer to Bottom Than Stock
Mike Novogratz, a famous American crypto proponent and founder of crypto investment firm Galaxy Digital, believes that the crypto market is closer to the “bottom” than the U.S. stock market. Ethereum ...
Collecting Cryptocurrency News And Data On A Large Scale
Since the last decade, the cryptocurrency market has been booming. Several organizations and independent traders have increased their involvement with global finance and market changes. However, as in...
How to Make the Most out of Crypto Dips
Since the start of 2022, the cryptocurrency market seems to have lost quite a bit of its usual enthusiasm. Prices have fallen significantly, yet, as we are close to entering the 3rd quarter, it’s stil...
Exchange to Reduce Workforce by 18% Amid Crypto Winter
As the current bearish trends grow stronger, the leading United States cryptocurrency exchange, Coinbase, said it is planning to lay off 18% of its workforce, representing about 1,100 employees. Coinb...
Seven Things To Know Before Investing in Cryptocurrencies (In Bear Markets)
The total value of all cryptocurrencies in circulation has now dropped below $1 trillion. The decline provides an opportunity for convinced investors to allocate funds to the space at cheaper prices t...
El Salvador’s Finance Minister Says Bitcoin Crash Will Not Affect Country’s Fiscal Health
El Salvador’s Finance Minister Alejandro Zelaya has revealed that the recent crash in Bitcoin and crypto prices has minimal risk to the country’s fiscal health. El Salvador Records $40M Paper Loss in ...