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Bitcoin Shows 'Overwhelming' Institutionalization After ‘Significant Deleveraging’
6.12.2021
The crypto market continued lower on Monday after a weekend sell-off that was described as a “significant deleveraging event.” Despite the event now being behind us, however, some traders continued to worry about the potential for an extended market correction.
At 11:14 UTC, the total crypto...
BitMart Loses $196M to Security Breach
6.12.2021
The crypto market recently witnessed a shocking incident as the well-known exchange, BitMart lost 196 million dollars to a security breach. A report by Coindesk stated that the crypto exchange lost $196m, which was originally said to be 150 million dollars. According to the report, the intruder...
Huobi and Shiba Inu community to help BitMart overcome $200M hack
6.12.2021
Over the weekend, hackers made away with nearly $200 million in 20 different tokens
Indian Crypto Bill: Exchange CEO Discusses What to Expect
6.12.2021
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed...
Phemex Is Bringing Its Community’s Dreams to Life Celebrating Its Second Anniversary
6.12.2021
Singapore-based cryptocurrency exchange Phemex is celebrating its 2nd anniversary this November. It’s been an eventful couple of years for the derivatives platform, and with its Choose Your Reality event, this anniversary is going to be a memorable one. Phemex’s dedication to...
SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
6.12.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able...
Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto
5.12.2021
A report says over 80% of African users on the Mineplex marketplace have shown an interest in the platform’s commodity staking program since launch. Zero Fee Alternative According to a recent study, over 80% of African users have taken part in the commodity staking program since its launch...
Meme Token Economy Suffers After Crypto Market Dip, DOGE and SHIB Market Caps Lose Billions
5.12.2021
The global cryptocurrency market valuation has rebounded a great deal since the initial downturn after 12:00 a.m. EST on December 4, and on Sunday, the crypto economy is down 1.4% during the last 24 hours. Meanwhile the meme token market capitalization today is $47.2 billion down 12.6% during...
China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
5.12.2021
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners...
Jack Dorsey’s Decision to Quit Twitter Is Not a Vote of Confidence in Future of Social Media
5.12.2021
Theo Tzanidis, Senior Lecturer in Digital Marketing, the University of the West of Scotland.
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Read More: Jack Dorsey’s Decision to Quit Twitter Is Not a Vote of Confidence in Future of Social Media
Russia, Ukraine Shut Down Several Cryptocurrency Farms
5.12.2021
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining...
Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
5.12.2021
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not participate in the crypto boom....
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
5.12.2021
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds...
Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury
4.12.2021
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were...
Gold, Bitcoin or DeFi: How can investors hedge against inflation?
4.12.2021
Over the last 10 years, Bitcoin has been through 20 different bear markets. Is it finally starting to prove itself?
Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues
4.12.2021
A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency...
Binance Names Three Nigerian Reality TV Show Celebrities as African Ambassadors
4.12.2021
Binance has named three former housemates from the popular Nigerian reality television show “Big Brother Naija” as the cryptocurrency exchange’s brand ambassadors for the African continent. Bringing Crypto to the Mainstream Leading cryptocurrency exchange Binance has said...
FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate
4.12.2021
The Federal Bureau of Investigation (FBI) has seized bitcoin worth more than $2.2 million tied to ransomware payments. The cryptocurrency allegedly belongs to an affiliate of Gandcrab and Revil/Sodinokibi ransomware. US Seizes Bitcoin Worth Over $2 Million The Federal Bureau of Investigation (FBI)...
Got crypto? Here are 3 software wallets for storage, staking and swapping
4.12.2021
“Not your keys, not your coins” is short for “Don’t leave your crypto on exchanges.” Here are three soft wallets that are trusted by millions of investors
WisdomTree launches four cryptocurrency indices in US and Europe
3.12.2021
The indices will provide investors exposure to large-cap cryptos, altcoins, DeFi services, and more