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Crypto market bloodbath leads to $432M in liquidation

19.9.2022
The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 40 years

Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops

19.9.2022
While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate declined from 1.82% to 1.77% during the same period. The depreciation of the local...

Decentralized exchange GMX suffers $565K price manipulation 'exploit'

19.9.2022
A founder of a DEX competitor to GMX said on Sept. 2 that an exploit could be pulled off on GMX which could leave GLP holders short. 16 days later, it happened

Ripple, SEC case heads for conclusion after 'summary judgment' filed

19.9.2022
Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders

Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower

18.9.2022
Following Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it dropped significantly in value during the past few days. However, a lot of people are unaware that there’s another Ethereum-based PoW fork...

UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization

18.9.2022
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K....

Web3 Firm Acquires Creator of South Africa’s First Listed PoW Crypto, Safcoin

18.9.2022
A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acquisition of FHM, the cryptocurrency will...

Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC

17.9.2022
A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second...

Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities

17.9.2022
The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors...

US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations

17.9.2022
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much...

Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam Warning + More News

16.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam...

Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says

16.9.2022
The added revenues would mainly come from the exchange's revenue share on interest income from USDC reserves

Bitcoin exchange inflows see biggest one-day spike since March 2020

16.9.2022
236,000 BTC enters trading platforms in a single day amid what one commentator calls "unusual" exchange flows

Wall Street Backs New ‘Low Fees’ Crypto Exchange - Is This the Future and Should You Be Worried?

16.9.2022
A consortium of leading Wall Street broker-dealers, global market makers, and venture capital firms have announced the launch of a first-of-its-kind crypto exchange called EDX Markets (EDXM) that will be operated like a traditional stock exchange. ... Read More: Wall Street Backs New ‘Low Fees’...

Coinbase Japan Almost Doubles the Number of Tokens it Lists

16.9.2022
The crypto exchange Coinbase Japan has almost doubled the number of tokens it lists on its platform, taking the total of coins listed from six to 11 – a suggestion that Japanese exchanges could start significantly expanding the number of tokens they handle. On Twitter, the exchange’s Japanese...

Ukrainian Supermarket Chain to Accept Cryptocurrencies Through Binance Pay

16.9.2022
Varus, a retailer with over 100 supermarket stores across Ukraine, has partnered with the world’s leading digital asset exchange, Binance, to launch cryptocurrency payments. Customers will now be able to order groceries online and cover the bill through a Binance Pay wallet. Ukrainians...