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 ...
Tag: crypto market
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 ...
REALM Beta App Set for Release on June 21st (REALM-DAY) at NFT.NYC
REALM, a mobile-first social impact “metaverse factory”, is releasing its mobile app beta on the Google Play Store and Apple App Store on June 21st, or REALM-DAY. Visitors to NFT.NYC will be able to j...
Binance Resumes BTC Withdrawals After Temporary Suspension
Leading cryptocurrency exchange Binance has resumed bitcoin (BTC) withdrawals after temporarily suspending the service for a few hours. Binance Suspends BTC Withdrawals Earlier today, the exchange an...
Investment Manager SkyBridge Bought the Bitcoin Dip
While crypto investors are panicking about the current bearish trends, global investment firm SkyBridge Capital is buying the Bitcoin dip. According to Anthony Scaramucci, SkyBridge CEO, the investmen...
BlockFi Reduces Workforce by 20% as Crypto Winter Intensifies
The current bearish market trend is affecting both investors and companies in the crypto industry. While investors scratch their heads in losses, firms such as crypto lending exchange BlockFi are taki...
CZ Binance Says Now is a Great Time to Hire and Acquire Despite Crypto Winter
Despite the unfavorable conditions in the crypto market, Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, said that the company is increasing its workforce and acquisitions. A Healthy War ...
Near $1 billion REKT as Global Crypto Market Cap Slips Below $1T
The global cryptocurrency market has slipped below $1 trillion a few hours to the time of writing. This is the first time in more than a year the valuation of the industry is below the said mark. Sou...
PFP NFTs Explained for Real Beginners (101 Guide)
Profile Picture Non-Fungible Tokens (PFP NFTs) are NFT images that are displayed as profile pictures in the form of avatars on an individual’s social media account(s). NFTs that started out with littl...
Celsius Network Freezes User Assets as Market Crash Worsens
On Monday, crypto lender Celsius Network, paused withdrawals, swaps, and transfers of assets between accounts on the platform, citing “extreme market conditions.” The popular crypto lending platform s...
Do Kwon Flatly Denies Cashing out $2.7 Billion Before Terra Collapse
Controversial Terra (LUNA) blockchain founder Do Kwon has taken to social media to refute the recent allegations that he cashed out $2.7 billion before the catastrophic end of the $40 billion valued b...
BTC hit a Low of $25k Last Month. Will it dip lower?
The past month has been one that many would love to forget as Bitcoin failed to surge. The asset dipped to its lowest in more than 16 months. Opening the 30-day session at $37,680 and peaking at $40,0...
ETH Retests $1,500 for the First in Fourteen Months
A few minutes to the time of writing, Ethereum retraced to the sub-$1,600. The coin has hit a low of $1,500 but met rebound at the level. As at this time, the asset is trading above $1,500 which sugge...