Binance.US will delist Flexa’s AMP token on Aug. 15 after the U.S. Securities and Exchange Commission deemed the token a security. The exchange said it is carrying out this action “out of an abundance of caution.” We operate in a rapidly evolving industry, and our listing and delisting processes are designed to be responsive to market and …
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Determining the length of an ongoing bear market is extremely difficult to do with a single metric, especially when looking at short time frames. To better understand an ongoing bear market, one must zoom out and consider how various market fundamentals functioned in previous cycles. Often overlooked but solid market performance indicators are active addresses …
The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional banking means including SWIFT. ECB is not a fan of Bitcoin for international transfers Titled “Towards The Holy Grail of Cross-border Payments,” the paper seeks to help the …
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During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours. Value Locked …
Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process. …
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that …
Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth …
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of the central bank’s interest rate to 13%, which …
Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Dogelon Mars (ELON), among other tokens, have in the recent past been preferred by investors who wish to make quick gains in this dynamic market. Perhaps, with the entrance of Tamadoge, a new meme coin, the massive gains associated with these tokens will return. Tamadoge is …
Top crypto analyst Michaël van de Poppe says that leading smart contract platform Ethereum (ETH), two rivals and one additional altcoin appear poised to ignite breakout rallies. In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of its immediate resistance at around $1,700. Should …
The co-founder of the world’s leading smart contract platform is skeptical that the first wave of the metaverse can succeed. Ethereum (ETH) creator Vitalik Buterin tells his 4.1 million Twitter followers that while the concept of an online virtual world will eventually come to fruition, he thinks that current corporate visions for the metaverse are …
The New York Department of Financial Services, or NYDFS, has announced a $30 million penalty on Robinhood’s cryptocurrency arm for alleged violations related to anti-money laundering, cybersecurity and consumer protection laws. In a Tuesday announcement, NYDFS superintendent Adrienne Harris said Robinhood Crypto will pay a $30 million penalty to the state “for significant failures in …
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Gibraltar’s 6.8km2 territory houses 35,000 people and several large international crypto companies. The British Overseas Territory of Gibraltar, ruled by the United Kingdom and an important gateway to Europe, is an attractive jurisdiction for distributed ledger technologies (DLT) or simply crypto. The world’s largest cryptocurrency exchange, Binance, is now hiring for four roles in the …
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The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the project and compensate the users who were affected. In April, Neutrino (USDN), a stablecoin running on the Waves platform, depegged from the dollar. This led to a …
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Non-custodial wallet platform Wirex has partnered with 1inch Network to use its aggregation API to power token swaps. Through the partnership, users of the Wirex wallet will be able to exchange tokens within the wallet. In an announcement, 1inch Network co-founder Sergej Kunz said that the partnership will allow Wirex community members to swap their …
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