The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe. On Dec. 12, it announced that it has launched a Merkle Tree-based proof-of-reserve system. The new transparency initiative allows its users to directly verify Bybit’s holdings, along with their personal assets deposited into the exchange. The feature …
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The ongoing crypto winter is not stopping the industry from pushing for global adoption and accessibility. A new partnership between CoinCorner and Bitnob opens a way for users across continents to perform cross-border transactions involving multiple fiat currencies. Typically transfer of funds between Europe and Africa requires a third-party facilitator like Western Union, which rely …
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Ark price is trading at $0.345 with a bearish bias, recording more than 12% losses on the day. The bears are focused on undoing all […] Go to Source
Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.” The comment came in response to an assessment from Jeremy Garcia, the CEO of Bitcoin education site Satoshi’s Journal, who blasted Ethereum as “poorly designed” and uncompliant with the …
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CryptoSlate analysts looked into Ethereum (ETH) wallets of all sizes to reveal that most categories have recorded exponential growth during the month of November. Crabs Investors holding up to 10 ETH are called “Crabs.” The chart below shows the number of these investors since January 2018 with the blue line. ETH Crab addresses The number …
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Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services for Traders Who Have Not Passed Identity Verification Crypto exchange Bybit will restrict some services that are …
Ben Bernanke, former chairman of the Federal Reserve and also the winner of the 2022 Nobel Prize in economics, has recently blasted the concept of cryptocurrencies. In an interview with Dagens Nyheter, one of the biggest Swedish journals, Bernanke remarked that cryptocurrencies have not proven they have any economic value at all. Ben Bernanke Blasts …
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency Mining in Cuba Not …
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Oryen, a cryptocurrency project still in its ICO, has already achieved prominence among 2022’s top cryptocurrencies and altcoins 2022. It is because staking on this […] Go to Source
A crypto trader who correctly called the collapse of Bitcoin in 2018 is predicting a decent surge for BTC to the end the year. In a new strategy session, Tone Vays tells his 123,000 YouTube subscribers that Bitcoin is trading within a narrow horizontal channel after rallying from its current bear market low around $15,700. …
Bitcoin (BTC) starts one of the most important macro weeks of the year in a precarious position below $17,000. After its latest weekly close, BTC/USD showed little upward momentum prior to the Dec. 12 Wall Street open. With volatility yet to appear, the largest cryptocurrency continues to trade in a narrow range, and analysts are …
Continue reading “‘Biggest week of the year’ — 5 things to know in Bitcoin this week”
The case for self-custody grows stronger as investors demand evidence of their assets over crypto exchanges. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody as he took responsibility for over 11 million users. The …
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Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the “largest most irresponsible entities” have run out of BTC to sell. “Looking forward, pretty much everyone who could go bankrupt has gone bankrupt,” he said in the Dec. 11 interview with crypto …
This year’s greenest crypto has finally closed the doors on its presale. IMPT has raised a massive $19 million, and now is the time to […] Go to Source
Minnesota Senator Tom Emmer has slammed United States Securities Exchange Commission (SEC) Chairman Gary Gensler for his flawed “crypto information-gathering efforts” and insisted Gensler should appear before Congress to explain the cost of his “regulatory failures.” Emmer’s comments came from a Dec. 10 tweet to his 67,500 Twitter followers, where he made reference to a …
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