Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric, …
Yearly archives: 2021
Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal
Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, per a report published in the Economic Times. The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders to use the banking services to liquidate their funds. The partnership between the …
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Alameda Research leads $35M fund raise for crypto trading app Stacked
Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked. On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO. …
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BitMart CEO admits $196 million hack was the result of leaked private keys
BitMart CEO Sheldon Xia admits Sunday’s hack resulted from stolen private keys. Xia said the stolen funds came from two compromised hot wallets but sought to reassure users all other operations are “safe and unharmed.” “In response to this incident, BitMart has completed initial security checks and identified affected assets. This security breach was mainly …
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Bug in Solana Token Lending Contract Fixed, More Than $2 Billion Made Exploitable
A bug in the token lending contract of the Solana Program Library (SPL) was recently found and fixed by Neodyme, a security auditing firm. The bug, that was discovered a couple of months back, could have affected several decentralized finance protocols holding more than $2 billion in total value locked (TVL). Their team identified the …
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Indian Crypto Bill: Exchange CEO Discusses What to Expect
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 a cryptocurrency bill to be taken up in the current session of parliament. …
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Biggest Ethereum Whales Acculumating Shiba Inu and Two Metaverse Tokens As Crypto Markets Consolidate: WhaleStats
New data shows that the world’s biggest Ethereum whales are loading up on meme crypto Shiba Inu (SHIB) and two of the hottest metaverse tokens. The latest numbers from WhaleStats are revealing the investment behavior of the 1,000 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that in the last 30 days, deep-pocketed crypto investors bought …
Huobi and Shiba Inu community to help BitMart overcome $200M hack
Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain …
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BTC sentiment ‘comparable to a funeral’ — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms with …
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Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects
Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to incubate early cryptocurrency-focused gaming projects building on BSC. BSC and Animonica announced Dec. 6 that they are co-investing up to $100 million each to support game projects in the GameFi sector. One of the largest blockchain ecosystems, BSC will be …
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Bitcoin (BTC) Price Prediction: BTC/USD Consolidates above $49,000 as Bears Resume Selling Pressure
BTC/USD Risks $40k Low as Bears Resume Selling Pressure– December 6, 2021 For the past 48 hours, BTC/USD has been consolidating above the $49,000 support as bears resume selling pressure. The $49,000 support is the historical price level of September 28. The bulls have bought the dips as shown by the long candlesticks. BTC price …
Virtual land in the Metaverse dominated NFT sales over past week
Digital land is in high demand in what is already a highly lucrative market as the past week’s NFT and Metaverse sales figures revealed. Data from the industry metrics platform, NonFungible, indicates that over the past week there have been more than $300 million in NFT sales. Of that total, almost a quarter have been …
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Decentralized exchange aggregator trading volumes surge to new highs
Trading volumes on popular decentralized exchange (DEX) aggregators have surged to new highs over the past few weeks. Decentralized exchange aggregators provide a way for token traders and swappers to scan several DEX platforms to get the best swap rates at the time. According to Dune analytics, popular DEX aggregators such as 1inch, 0x, and …
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Singapore suspends Bitget exchange license over K-Pop coin promotion
Singapore-headquartered digital asset platform, Bitget, has reportedly been suspended by the Monetary Authority of Singapore after getting into a dispute with an agency for the popular K-Pop boy band BTS. As reported by the Financial Times on Dec. 5, Bitget lost the Singapore license following the controversial listing of a new K-Pop-related cryptocurrency called Army …
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Phemex Is Bringing Its Community’s Dreams to Life Celebrating Its Second Anniversary
sponsored 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 its users has created a thriving community, and to celebrate their impressive growth …