A few days after suspending withdrawals on its platform due to a high net-worth client failing to meet a margin call, crypto futures exchange CoinFLEX is now planning to launch a “Recovery Value USD” ...
Tag: Ether
Chip Maker Nvidia Isn’t an Ether Proxy, Bitcoin Holds Near $21K
The largest cryptocurrency by market capitalization was recently trading at about $20,800, down over 1% in the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roug...
Grayscale Enters Wall Street Partnerships Hopeful of Bitcoin ETF Approval
Leading digital asset manager Grayscale Investments has signed an agreement with Wall Street giants Jane Street and Virtu Financial (VIRT) as “authorized participants” of its Grayscale Bitcoin Trust (...
Institutions Betting “Hundreds of Millions” to Short Tether (USDT)
Following the infamous crash of Terra’s algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to...
Cardano’s NFT Market Gaining Rapidly On Solana, Ether As ADA Ecosystem Sees Explosive Growth ⋆ ZyCrypto
Advertisement     Cardano could rise to become the industry leader for NFTs thanks to an array of developments on the network. Smart contract functionality and growth ...
Crypto Broker Voyager Issues Notice of Default to 3AC Over $670M Loan Deal
US-based cryptocurrency brokerage platform Voyager Digital announced on Monday that it had passed a notice of default to the insolvent hedge fund company, Three Arrows Capital (3AC). The public notice...
Top 5 Undervalued Cryptocurrencies in 2022
Bitcoin and Ethereum are the world’s largest cryptocurrencies, attracting retail and institutional investors. Outside of these top two, there are other coins, including undervalued cryptocurrencies. D...
BlockFi Raises Interest Rates on Crypto Deposits Despite Market Downturn
Leading cryptocurrency lending platform BlockFi has disclosed plans to increase rates on selected crypto assets, including BTC, ETH, and USDC, in its Interest Account (BIA) starting July 1. “On Frida...
SEC Chair Gary Gensler Pushes for “One Rulebook” to Regulate Crypto
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), has once again called out for cryptocurrency regulations after warning investors to be aware of crypto assets ...
Solana Announces New Blockchain Smartphone for Web3 Experience
Solana Mobile, the newly established mobile technology division of Solana Labs, has unveiled its first Android smartphone to promote the web3 experience on the go. Solana Announces New Smartphone In ...
Crypto Derivatives Exchange CoinFLEX Suspend Withdrawals, Citing “Extreme Market Conditions”
Popular cryptocurrency derivatives exchange CoinFLEX has joined a growing list of crypto-related platforms that have suspended withdrawals. In an official announcement on Thursday, the exchange noted...
How to Make Passive Income With KuCoin During a Bear Market?
The cryptocurrency market is currently in a slump. However, it is not the end of the world. There are still a lot of opportunities to make money with cryptocurrencies and, moreover, passively. One of ...
What Is Binance Swap Farming, and How to Use It?
If you use Binance, you know it is not just a regular exchange. It is a whole ecosystem consisting of many different exciting products. One of them is Binance Swap Farming, which we will focus on in t...
Axie Infinity’s Ronin Network to Reopen Bridge Months After $625M Hack
Ronin Network, the Ethereum-based sidechain created by Axie Infinity developers, has announced that it will reopen its bridge to aid users with the ease of moving their assets across the Ethereum netw...
Former Crypto Billionaire Insists Bitcoin Will Soar To $250,000 Within Next 18 Months
Bitcoin investor Tim Draper believes the cryptocurrency is primed for an epic turnaround. His billionaire status depends on it. Roger Kisby/redux Venture capitalist Tim Draper thinks cryptocurrency is...
Harmony Protocol Loses $100M to Horizon Bridge Hack
Blockchain network, Harmony Protocol, has reported a security breach leading to the loss of approximately $100 million. Hackers exploited a vulnerability to steal 85,837 ETH (appr. $100 million) from ...
Hong Kong’s OSL Sees Strong Institutional Interest in Crypto, Despite Luna-Induced Volatility; Bitcoin and Ether Surge
Bitcoin was recently trading at about $21,100, a more than 5% increase over the past 24 hours that helped the largest cryptocurrency regain much of the ground lost the previous day. Ether, the second ...
Binance CEO CZ Backs Crypto Bailouts, but Only for ‘Great’ Projects
The past two weeks have been a difficult time for the global crypto market. Many crypto projects were impacted and the total market capitalization slipped below the $1 trillion mark. Some affected cry...
Binance Partners Legendary Footballer Cristiano Ronaldo For NFT Push
Leading cryptocurrency exchange, Binance has recently announced an exclusive multi-year NFT partnership with the legendary Portuguese footballer, Cristiano Ronaldo. According to an official announceme...
Binance.US Cancels Fees on Bitcoin Spot Trading Pairs
Binance.US, the American affiliate of the leading cryptocurrency exchange Binance, has removed fees for Bitcoin trading pairs from its spot market. Binance.US Cancels BTC Spot Trading Fees The exchang...
Crypto Payment Firm Roxe Plans to Go Public via $3.6B SPAC Deal With Goldenstone
Global blockchain payments infrastructure firm Roxe Holding has signed a merger agreement with New York-based special purpose acquisition company (SPAC) Goldenstone Acquisition Limited. Roxe Plans to...
Crypto Crash Survivors Could Be the Next Amazon
The Bank of England’s (BoE) Deputy Governor, Jon Cunliffe, has once again demonstrated his stance on cryptocurrencies, noting that survivors of the current market crash “could become the technology co...
Crypto Startup FalconX Hits $8 Billion Valuation After Raising $150 Million
Institutional crypto trading platform FalconX has raised $150 million in a Series D funding round, bringing the company’s valuation to $8 billion. This means that FalconX’s valuation has more than dou...
Tether Plans to Launch Another Stablecoin Pegged to the British Pound Sterling
USDT stablecoin issuer Tether announced Wednesday its plan to launch a new stable digital currency pegged 1:1 to the British Pound Sterling. The firm disclosed that the new stablecoin, dubbed GBP₮, wo...
Popular Online Marketplace eBay Acquires NFT Platform KnownOrigin
Popular American e-commerce firm eBay announced Wednesday that it had acquired the Ethereum-based NFT marketplace, KnownOrigin. eBay Acquires KnownOrigin The acquisition is aimed at integrating the no...
Huobi’s Former Manager Faces Lawsuit for Illegal Trading
Chen Boliang, a former senior manager at crypto exchange Huobi, has been sued for conducting illicit trading, the Financial Times (FT) reported on Wednesday. Huobi’s Former Manager Sued for Illegal Tr...
Voyager Discloses $660M Exposure to Troubled VC Firm 3AC Capital
Publicly-traded crypto platform Voyager Digital has revealed that it may issue a notice of default to the struggling crypto VC, Three Arrows Capital (3AC) for failure to repay its loan. In an official...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
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...
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...
Why Staked Ether (stETH) seems to be responsible for another liquidity crisis?
Here the crypto market is hardly showing any growth amidst the ongoing crypto crash, yet another one seems to create a similar situation. It hasn’t been long since a stablecoin collapse in the form of...