Binance, the world’s largest cryptocurrency exchange, has announced new trading conditions for its Russian user base on its peer-to-peer platform. Russian users are now restricted to using only the Russian ruble for transactions on the platform. Additionally, Russian nationals residing outside the country are now barred from accessing key global currencies, such as the euro, […]
Binance, a cryptocurrency exchange, has recently imposed restrictions on its Russian customers on its peer-to-peer (P2P) trading platform. Russian customers are now only allowed to use the Russian ruble (RUB) on the platform, and must have the Russian Know-Your-Customer (KYC) verification and reside in Russia in order to use the currency. The announcement has caused […]
The Bitcoin network has reported a hash rate of 400 terahashes per second, a figure never before seen in its history. This upswing in the hash rate is similar to the run-up to the 2020 halving event, which typically halves block rewards. However, this achievement comes with a high energy consumption cost. In response to […]
Shiba Inu (SHIB) tokens have seen a substantial amount of withdrawals last week, amounting to two trillion tokens, which is equivalent to $16 million. The highest outflows were seen on August 22 and 23, accounting for 80% of the total amount. Currently, there are over 80 trillion SHIB tokens on cryptocurrency exchanges, equaling approximately $635 […]
Cryptocurrency markets have been experiencing a period of correction, but a recent analysis by JPMorgan Chase & Co. suggests that this phase is coming to an end. The liquidation of long positions within the crypto sphere has largely been settled, making significant drops in value less probable. Futures contracts for Bitcoin trading on the Chicago […]
Shiba Inu’s Layer-2 blockchain, Shibarium, has recently achieved an average block time of 5 seconds, making it one of the fastest Layer-2 blockchains in the cryptocurrency realm. Despite this, SHIB’s price has remained stable at $0.0000008, leading many holders to withdraw their tokens from exchanges. However, on-chain data suggests that bullish times may be on […]
The stablecoin sector has seen a decline in its collective market cap, dropping from over $150 billion a year ago to $123.6 billion as of Aug 28. This is largely attributed to a liquidity crunch, with no new inflows and money leaving the crypto sector faster than it is coming in. This has put additional […]
JPMorgan’s head of technical strategy, Jason Hunter, has warned that the stock market may see further moves to the downside in the short to midterm. Hunter believes that the “tide is turning” for the S&P 500 after the stock market index printed a recent high of 4,607 points. He also noted that JPMorgan is currently […]
Indian Prime Minister Narendra Modi recently discussed the intricate dynamics of emerging digital technologies in an in-depth interview with Business Today. He highlighted the need for a global framework and regulations for blockchain and cryptocurrencies, which have transcended borders and grown in significance. Modi noted that a global consensus-based model is needed, especially one which […]
Friend.tech, a social media platform that initially gained attention for its rapid growth, has been hit hard by a sharp decline in crucial metrics, leading many to question its viability in a competitive landscape. The platform’s success was short-lived, as daily transaction fees and volumes plummeted by more than 87% and 90%, respectively.The bots that […]
