Bitcoin (BTC) has been struggling to stay afloat at $26,000 and continues to face selling pressure amid weakening technical indicators. As of press time, Bitcoin is trading at $25,972 with a market cap of $505 billion. The tightening Bollinger bands signal an impending breakout, often observed before significant price movements. However, concerns persist that the […]
Hong Kong’s Hashkey Exchange has recently upgraded its license to offer services to retail investors, allowing them to trade Bitcoin (BTC) and Ethereum (ETH) directly with US dollar deposits. The exchange projects that 500,000 to 1 million users could sign up on the platform by the end of the year.The decision to embrace crypto trading […]
Binance, the world’s largest crypto exchange, has removed Banco de Venezuela from its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to comply with international financial sanctions. Banco de Venezuela is one of the largest financial institutions in the country, and was sold […]
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million […]
Digital Currency Group (DCG) has reached an agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors. The amended plan could result in 65% to 90% recovery on an in-kind basis, depending on the denomination of the […]
Bybit, a notable exchange in the cryptocurrency industry, has recently seen a large outflow of Bitcoin. On a single day, 12.5k BTC, worth $320M, was withdrawn. This is the largest single-day withdrawal in Bybit’s history, leaving the exchange with a remaining Bitcoin balance of 21.5k BTC.The implications of this outflow are uncertain, but it could […]
Stargate, the leading omnichain liquidity layer, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge.The integration ensures that users from […]
India-based crypto exchange WazirX has temporarily suspended Indian Rupee (INR) withdrawals from its trading platform. The exchange has reportedly partnered with an alternate payment service provider, and a “phased rollout” is already underway.Customers of the largest Indian crypto exchange by volume have not been able to withdraw INR for over 24 hours. According to the […]
Stargate, the leading omnichain liquidity layer and native asset bridge, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable layer one. This integration will expand the reach of Tether’s Cosmos-native USDt, issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300 times more […]
Kava Chain, the Cosmos-Ethereum interoperable Layer 1, has now deployed Stargate, the leading omnichain liquidity layer and native asset bridge. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. This integration […]
