Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to…
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Anchorage Digital, a crypto bank based in San Francisco, is making substantial staff cuts in response to the current downturn in the crypto market and regulatory uncertainty in the United States. According to Bloomberg, the company is laying off 75 employees, or roughly 20% of its workforce. … Read More: Crypto Firm Anchorage Digital to Lay…
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On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure…
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Major crypto platform Blockchain.com is closing its London-based crypto asset management arm less than a year after its launch. The persistent market obstacles, such as price volatility, legal difficulties, regulatory scrutiny, and exposure to failed businesses, have left a marked impression on the crypto industry as a whole, and Blockchain.com is not an exemption…. Read…
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The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of…
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While bitcoin (BTC) and ethereum (ETH) remain the top coins, altcoins are still drawing significant interest from institutional investors, argued David Duong, Head of Institutional Research at major crypto exchange Coinbase…. Read More: Coinbase Exec: Altcoin Markets Attracting Institutional Investors Amid Bitcoin and Ethereum Dominance Read more »Sign up for e-EUR – the progressive stablecoin
Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume, a reality related to OTC (over-the-counter) trades, according to market analysts. Crypto Market Moves Again in January, According to…
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Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on March 10, is estimated to…
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On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on…
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According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged…
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