The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn’t deterring pro traders from buying the BTC dip. Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global…
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On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that…
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The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders…
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OKEx is expanding its decentralized finance footprint with a DeFi Hub and a marketplace for creating and selling NFTs. Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs). According to a Sep.…
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There’s a new dog in town, and it’s wasting no time in marking its territory. Shiba Inu (SHIB) was listed on three different cryptocurrency exchanges in the past 48 hours after an explosive 966% surge in the same time frame sent the token to 18th in the market capitalization rankings. Self-described as the “Dogecoin Killer,”…
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Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens. A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up…
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Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay. Distributed storage network project Filecoin is the talk of the town as FIL was the most highly traded token on…
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Over 50 market-ready projects have launched on Solana over the past month. The new capital infusion will help accelerate the growth and development of key projects. The Solana Foundation, the grants program behind the Solana high-performance blockchain, has inked partnerships with cryptocurrency exchanges OKEx and MXC to launch two strategic investment funds designed to fuel…
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OKEx Korea announced that it’s shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday. The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday. Users will have to withdraw their Korean won and crypto holdings…
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Bitcoin perpetual futures buyers are paying a 5.4% weekly funding rate to keep their positions open, but is this sustainable? Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and…
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