Dogecoin (DOGE), the world’s largest meme coin in terms of market capitalization, is being used by illicit actors in the “most serious types of crime,” according to a recent report from blockchain analytics firm Elliptic. The report states that as dogecoin gained popularity as a means of payment for legitimate goods, it has also…
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Coinbase Pro users are ostensibly not content with the service’s discontinuation, expressing concerns that the new platform might not offer similar fee advantages. Major crypto exchange Coinbase announced that it plans to sunset Coinbase Pro, its advanced, trader-focused service that exists independently and offers lower fees to traders who interact directly with the Coinbase…
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Bitcoin price started a downside correction below the USD 20,500 support. BTC even spiked below the USD 20,000 level, but the downsides were limited. It is currently (04:10 UTC) trading near USD 20,200 and is down almost 1% in a day and 10% in a week. Similarly, most major altcoins are struggling to extend…
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Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash. Speaking to the Wall Street Journal, Kown said he had “great confidence” in his team’s “ability to build back even stronger than…
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“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Crypto lending platform Nexo says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms. In a…
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Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly failing banks that were nevertheless bailed out by…
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VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day. A 60% plunge in Voyager Digital’s share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks. According to…
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A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day. The first short Bitcoin (BTC) exchange-traded fund (ETF) from ProShares got off to a very slow start on its Tuesday launch but gathered pace by increasing…
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A The Input-Output Global (IOG) team has said it will postpone sending the Vasil hard fork update proposal because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. While acknowledging that the news will likely be disappointing for some, the IOG team insisted it was “taking an abundance of caution…
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PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees and freezing withdrawals, LBank makes a move in the…
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