Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million custome...
Tag: news
The Latest Zcash Software Release Supports the Network’s ‘Largest Upgrade in History’ – Bitcoin News
According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the ...
Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting L...
Bitcoin Is Finally Breaking. Why That’s Good News for the Stock Market.
Text size Bitcoin, Ether, and other cryptos have plunged in the past week. Stocks have suffered, too. Dreamstime A cryptocurrency crash has already wiped out $600 billion in digital asset market value...
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch – Bitcoin News
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to app...
Crypto Exchanges Are Trading Against Their Customers Often – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their c...
AXS Jumps Over 20%, as MATIC Falls to 13-Month Low – Market Updates Bitcoin News
Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping t...
Illicit Activities in DeFi Sector Seen Rising in Past Two Years: Chainalysis
Illicit cryptocurrency transactions in the decentralised finance (DeFi) sector have been rising over the last two years, according to the Web3 Safety & Compliance report from Chainalysis. Over the...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims – Bitcoin News
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has d...
Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin (BTC) nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone. Even though Bitcoin had regained momentum to hit $27...
No good news for crypto investors
Crypto investors are at the point where they are wondering just how bad the current cryptocurrency market crash can be. Even bitcoin has now lost its major support and could be headed down to around 2...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse – Featured Bitcoin News
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchan...
Bitcoin as Virtual Asset in China: Protected by Chinese Law – Coinpedia – Fintech & Cryptocurreny News Media
China has recently banned financial institutions and payment companies from providing services to cryptocurrency transactions. Saying that financial institutions, including banks, and online payments ...
Green Bay Fintech Firm Sequoir Developing Crypto Technology to Fill ‘Capability Gap’ for Banks
Sequoir, a Green Bay-based fintech company, announced on Wednesday that it is developing an offering that will enable community banks to hold cryptocurrencies and execute such trading. Justin Seidl, t...
BTC Slips to Its Lowest Point Since December 2020 – Market Updates Bitcoin News
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved b...
BTCS Inc Taps Axie Infinity intto its Blockchain Infrastructure Operations
Digital currency ecosystem company BTCS, a pioneer in the blockchain and digital currency ecosystem, announced the addition of blockchain-based game Axie Infinity to its blockchain infrastructure oper...
Tanzania Closer to Launching a CBDC – Emerging Markets Bitcoin News
Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the di...
DApps Development Platform Moralis Raises $40m in Series A Funding
On May 11, Moralis, a blockchain development platform for web applications, announced the completion of a $40 million in Series A round, according to Bloomberg. With the funds raised, the startup will...
Republic Capital to Raise $700m for Two Crypto-focused Funds
Investment platform Republic is raising $700 million for two cryptocurrency-focused funds, as reported by online media outlet Axios. The funds include a $200 million flagship venture fund and a $500 m...
Mara Raises $23 Million from Coinbase, Alameda to Drive Crypto across Africa
Pan-African crypto exchange Mara announced on Wednesday that it has raised $23 million in funding to build a trading platform designed for Africans. The Nigeria and Kenya based firm said that the fund...
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions – Mining Bitcoin News
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not hel...
The City of Mobile in Alabama State Launches Bitcoin Mining Project
GulfQuest Maritime Museum Board announced on Wednesday a partnership with Distributed Ledger, Inc. (DLI), a blockchain and crypto service provider, to develop sustainable Bitcoin mining in the City of...
Stock market news live updates: May 12, 2022
U.S. stock futures edged slightly higher ahead of overnight trading Wednesday following another down day in markets as investors digested inflation data that showed price levels remained elevated in A...
HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital. The company plans to utilise the funds to support its geographic expansion...
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million – Regulation Bitcoin News
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam oper...
Crypto Exchange Gate.io Launches Institutional Services Division
Gate.io, a major cryptocurrency based in the US, announced on Wednesday that it has launched an institutional services arm that is designed specifically for servicing brokers and market makers. The ne...
Here’s Where ETH, DOT, AVAX Price are Heading In The Coming Days – Coinpedia – Fintech & Cryptocurreny News Media
Today the global cryptocurrency market is on the verge to close on a bearish note as the wider market capitalization is trading at $1.39 trillion with a downfall of 4.83% in the last 24hrs. Amidst th...
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens, including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen. While ...
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank o...
Testing Time For Crypto Market, As US Inflation Data Is Expected To Be Out Today! – Coinpedia – Fintech & Cryptocurreny News Media
The cryptocurrency market has been carpeted by bearish roar for more than a month now. It started with the Federal Reserve’s first meeting that said there will be an increase of interest rates upto 75...
Binance Taps Former Deputy US Attorney as its First Deputy General Counsel
Binance exchange has announced the appointment of Joshua Eaton as its Deputy General Counsel. The trading platform said Eaton is well-experienced he has served as a former Deputy U.S. Attorney in the ...