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Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays
9.11.2022
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges...
Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’
9.11.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum...
Coinbase and Kraken experience limited services amid markets turbulence
8.11.2022
They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform
Why is Bitcoin price down today?
8.11.2022
Bitcoin price is down, trading at a new yearly low, but what are the primary reasons behind the most recent decline?
Binance's FTX acquisition seen as chess move by crypto community
8.11.2022
Binance's decision to liquidate 23 million FTT tokens triggered FTX's liquidity crisis
Germany’s financial regulator orders Coinbase to address ‘business organization’ practices
8.11.2022
In effect since Oct. 27, BaFin’s order referred to Coinbase’s Germany arm outsourcing some operations “essential for conducting banking business or providing financial services.”
VeChain’s noteworthy mainnet PoA 2.0 all set for positioning
8.11.2022
VeChainThor’s most significant and noteworthy mainnet hard fork is now ready to be effectively positioned after a long period of intensive labor and effort. This event occurred after a unanimous vote was cast in their favor on VIP-220 or Finality with One Bit (FOB). According to information...
Binance CEO announces intent to acquire FTX to 'help cover the liquidity crunch'
8.11.2022
FTX CEO Sam Bankman-Fried called the news a "user-centric development that benefits the entire industry."
Why Polygon, Litecoin, and Snowfall Protocol are Gaining Attention!
8.11.2022
There’s no question about it; cryptocurrencies are here to stay. In fact, they will only become more prevalent in the time to come. This is why now is a great chance to invest in Polygon (MATIC), Litecoin (LTC), and Snowfall Protocol (SNW). These three crypto coins have the potential to make their...
Price Prediction: Orbeon (ORBN), Polygon (MATIC), and Aptos (APT)
8.11.2022
Highly-anticipated Aptos was under downward pressure from the bears after the tokenomics backlash. The community was unhappy that the devs gave almost half the tokens to themselves. Polygon is riding the wave of its partnership with Meta, pumping 20% since the deal. However, traders disagree...
Nigerian Naira Fiat Gateway joins Binance
8.11.2022
Binance, a worldwide recognised cryptocurrency exchange, has announced the addition of a fiat gateway for the Nigerian Naira, often known as NGN. As part of Binance’s purpose, the addition seeks to increase the adoption and accessibility of cryptocurrencies. Users can now connect their...
Brazilian Tax Authority RFB Registers New Record of Almost 1.5 Million Brazilians Investing in Crypto in September
8.11.2022
The Brazilian Tax Authority RFB registered a new record in the number of Brazilians that invested in crypto, in the month of September. The institution informed through its monthly reports that almost 1.5 million people had purchased crypto during Sept. The number of crypto investors in Brazil...
Gemini expands its geographic presence
8.11.2022
Gemini is now in more locations with the recent addition of Cyprus, Croatia, Hungary, Slovenia, and Romania to the list. The news was shared by Gillian Lynch, the Head of Ireland and the EU for Gemini. Users in Cyprus, Croatia, Hungary, Slovenia, and Romania can now store, buy, and sell more than...
Mastercard CEO: ‘Long Way to Go Before Crypto Becomes Mainstream’
8.11.2022
The CEO of the payments giant Mastercard Michael Miebach argued that several elements need to come together before bitcoin (BTC) and crypto in general can go mainstream.
In an interview with Yahoo Finance, the CEO was asked if the day will come when everybody will be paying in bitcoin, and Miebach...
MiCA legislation good news for crypto players: Binance Europe VP
8.11.2022
The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe
Binance CEO not interested in Alameda's offer to buy up its FTT holdings
8.11.2022
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance's FTX Tokens saying they'd rather “stay in the free market.”
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services
8.11.2022
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to trade, purchase, and sell bitcoin and ether through Uala’s platform. The service is expected...
US Announces ‘Historic $3.36 Billion Cryptocurrency Seizure’ as Silk Road Bitcoin Thief Pleads Guilty
8.11.2022
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest...
IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022
8.11.2022
The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the previous year’s...
Crypto notches a win among professional accountants
8.11.2022
The Financial Accounting Standards Board made a change in October to help public companies that hold cryptocurrencies on their balance sheets