Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector. High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors. In addition to the…
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Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later. A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly…
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Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%. March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially…
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Bitcoin is approaching all-time highs versus gold. The digital currency broke above $59,000 on Tuesday while gold languished below $1,700. As the Bitcoin (BTC) price edges closer to $59,000, its value relative to gold is approaching new all-time highs, possibly hinting at the emergence of a new preferred store of value. Measured against gold, Bitcoin’s…
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The new futures contract will launch on May 3, 2021, pending regulatory approval. The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency. CME Group’s Micro Bitcoin futures contract, which is set to launch…
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What are the benefits of automated trading in the current market — and can they help mitigate volatility in unpredictable times? Our guide explains all. What are the tools that TradeSanta offers? The platform enables traders to connect their accounts to top exchanges, and set up a bot in under five minutes. TradeSanta supports a…
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Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia. Ripple continues its push into the Asian market by acquiring a stake in a cross-border payments firm. According to a blog post, Ripple has agreed to acquire a 40% stake in cross-border payments…
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Managers bought $21 million worth of digital asset investment products last week, according to CoinShares. On a market-cap adjusted basis, Ether remains the most popular investment. Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in…
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Flamingo’s total value locked continues to rise as DeFi investors are attracted to the platform’s zero-fee transactions and high-yield liquidity pools. Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on…
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Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC: the Bahamas’ Sand Dollar. The Central Bank of the Bahamas has announced that its central bank digital currency, the Sand Dollar, is expected to achieve full interoperability between its various wallet providers within the week. A recent statement released by the…
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