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A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
18.8.2022
AVAX price gave up recent gains after correcting by 16% and the network’s declining TVL and DApp use suggest that the protocol is losing ground versus its competitors
Biggest Movers: FLOW Rebounds Following 7-Day Losing Streak
18.8.2022
FLOW was trading higher on Thursday, as the token rallied upward following seven straight days of declines. The surge comes despite the global crypto market capitalization trading 1.14% lower as of writing. Shiba inu fell by nearly 10% in today’s session. FLOW FLOW was one...
E-Commerce Giant MercadoLibre Introduces Cryptocurrency in Brazil, Plans Wider Latin America Use
18.8.2022
Mercado Coin will allow the company’s 80 million users to make purchases and receive cashback
Korean financial watchdog to block tens of unregistered exchange websites
18.8.2022
Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country
Ukraine has shown the value cryptocurrency offers to real people
18.8.2022
Ukrainian refugees have used cryptocurrency to survive. And contrary to what critics believe, sanctions have prevented Russia from finding much use for crypto
Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds
18.8.2022
Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts...
Crypto.com Gets Regulatory Approval from the FCA in the UK
18.8.2022
Crypto.com has received registration approval from the UK Financial Conduct Authority, also known as FCA. It will now continue its operations in the region by offering its products and services to customers in the United Kingdom. All the products and services will now comply with local regulations....
British Fintech Revolut Granted Crypto License in Cyprus
18.8.2022
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services...
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
18.8.2022
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,”...
3 strategies investors might use to trade the upcoming Ethereum Merge
17.8.2022
Investors have been crafting their strategies for navigating the volatility that could arise as the Ethereum Merge takes place. Here are a few to consider
Study: Insider trading occurs in 10% to 25% of cryptocurrency listings
17.8.2022
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase
Another crypto CEO steps down as Genesis Trading restructures leadership
17.8.2022
Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions
Biggest Movers: EOS up Nearly 20%, Token Hits 3-Month High
17.8.2022
Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today’s price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day....
Binance assures users after 3rd-party glitch briefly halted withdrawals
17.8.2022
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning
Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France
17.8.2022
Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring...
Lido Finance Partnering With KyberSwap Elastic for Liquidity
17.8.2022
Lido Finance recently announced partnering with KyberSwap Elastic to bring more liquidity to Polygon. The venture offers a whopping 120,000 dollars in liquidity mining rewards to attract more users. Known among the best Ethereum-based liquid staking firms, Lido Finance is empowering numerous CeFi...
KuCoin Exchange Takes hiENS4 Live On Its Platform
17.8.2022
KuCoin has taken a new NFT ETF – hiENS4 – live on its exchange platform. It is powered by the Fracton Protocol, and the new trading pair – HIENS4/USDT – will now be supported by KuCoin. hiENS4, an ERC-20 token, can be traded from August 18, 2022, 10:00 (UTC). Deposits...
Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen Volumes
17.8.2022
The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial...
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
17.8.2022
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central...
Soneva’s Luxury Resorts Now Accept Crypto Payments
17.8.2022
Luxury resort chain Soneva has reportedly begun accepting cryptocurrency payments at its resorts in the Maldives and Thailand. “Accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.”...