A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated …
Monthly archives: October 2022
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners in Kazakhstan to Source Energy From the Russian Federation Crypto mining enterprises operating in …
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Terra Classic Price Prediction: LUNC/USD Price Spikes Above $0.00029 Level
The Terra Classic price is fighting to hold above the $0.00030 but overhead pressure continues to make this task a difficult one for the bulls. LUNC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $0.00050, $0.00055, $0.00060 Support Levels: $0.00012, $0.00010, $0.00008 LUNCUSD – Daily Chart Buy Terra Classic Now Your capital is at …
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Stellar Price Prediction: XLM/USD Swings Above $0.115
The Stellar price prediction shows that XLM restarts the uptrend after crossing above the critical barrier of $0.115 to touch the daily high of $0.122. Stellar (XLM) Prediction Statistics Data: XLM price now – $0.120 XLM market cap – $3 billion XLM circulating supply – 25.4 billion XLM total supply – 50 billion XLM Coinmarketcap …
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XRP Airdrop Incoming: Flare Outlines Schedule for Long-Awaited Spark (FLR) Token Giveaway
Flare is hinting that its long-awaited Spark (FLR) token airdrop to XRP holders is just around the corner with a new announcement to validators. The company notes in a new schedule that validators can now onboard to the Flare network. Flare also says it is currently working to onboard crypto exchanges to ensure the airdrop …
FTX Scoops Up Bankrupt Crypto Broker Voyager at Discount Price of $51,000,000: Report
Crypto exchange giant FTX is reportedly acquiring troubled crypto broker Voyager Digital at a discounted price after placing a bid to acquire the firm earlier this week. According to a new report by CNBC, FTX won the auction to purchase Voyager after placing a $1.42 billion bid, though the digital asset exchange will pay just …
Bitcoin Price Prediction: BTC/USD Could Obtain Strong Support Below $19k
The daily chart reveals that the Bitcoin (BTC) price may extend the bearish movement to the areas below the support level of $19,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,335 Bitcoin market cap – $370.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 …
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Tamadoge Price Analysis for 1st of October: TAMA/USD’s Bulls Are Making Waves in Today’s Market
In the 15th hour of today’s Tamadoge market price analysis buyers took control of the first 15 minutes of that session with a very significant bullish candlestick. It shows that for that particular session, sellers could not find space in the market. However, because the bullish move was so powerful, it quickly entered the overbought …
Uniswap Price Analysis for 1st of October: UNI/USD’s Uptrend May Be Ending Too Soon
It can be observed from the UNI/USD market in recent times (within September) that the market keeps forming resistance at around the $6.654 price level. But, this resistance is lower in comparison to the resistance the market formed after a UNI/USD uptrend in August which was around the $9.261 price level. This indicates that the …
Binance Expands Crypto Trading Operations to Pacific Ocean Country of 5,000,000
Binance, the largest digital asset exchange by trading volume, is opening its doors to serve crypto enthusiasts residing in an island country located in the Pacific Ocean. According to a new blog post, the exchange says it has successfully registered as a financial services provider in New Zealand and officially launched “Binance New Zealand.” Binance …
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Chiliz Price Analysis for 1st of October: CHZ/USD May Be Starting Another Uptrend
The latest Chiliz bullish engulfing candlestick pattern which took its support at $0.23447746 has taken the market to around $0.28483532 price. This bullish move would be the continuation of the one that began on the 22nd of September when the buyers moved the market to the upside by Approximately 18% price appreciation in that day’s …
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Indian Crypto Exchange WazirX Lays Off 40% Of Its Staff Citing The Ongoing Crypto Winter: Report
Indian cryptocurrency exchange WazirX has reportedly laid off 40% of its staff, Coindesk report adds In a statement shared with the crypto news outlet, the exchange cites the prolonged crypto winter as its reason for slashing its workforce by 40%. Per a Coindesk report, Indian cryptocurrency exchange WazirX has slashed its workforce by 40%, citing …
Cardano’s Founder Charles Hoskinson Picks On Solana’s Recent Network Outage On Twitter
Cardano founder Charles Hoskinson was seen making fun of Solana’s recent network outage. Solana went through another crypto network meltdown today, leading Hoskinson to mock its recent network performance. The founder of Cardano cryptocurrency, Charles Hoskinson, took to Twitter to share a funny crypto meme that mocked Solana’s recent network outage. Charles Hoskinson Trolls Solana’s …
Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the …
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) …