Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news.
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Dutch multinational ING considers entering DeFi lending industry
The financial services company is only considering non-volatile assets as collateral in its DeFi lending solution that's under development. 170 Total views 13 Total shares In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi,…
Gate.io users at risk as scammers fake giveaway on hacked Twitter account
The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets (such as MetaMask) to claim the rewards. 196 Total views 17 Total shares Hackers took over the official Twitter account of crypto exchange Gate.io, putting over 1 million users at risk of losing funds to an…
Users of top Indian crypto exchange report seeing ‘0’ funds during outage
"The load on our systems are way too much," said CEO Nischal Shetty. 1212 Total views 13 Total shares Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday. In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internal…
How will SORA’s Price Perform After the Launch of Polkaswap?
Polkaswap leads the race to become the first decentralized exchange for Polkadot-based digital assets. 1844 Total views 20 Total shares In a recent investment thesis on the coin Sora (XOR), the Cointelegraph Research team explored the current state of the DeFi industry, highlighting the biggest challenges that the industry is facing right now. The two…
Status check: Ethereum in full deflation mode as Eth2 merge gets closer
The Ethereum community has been hard at work over the past few years, laying the foundation for its shift away from its current proof-of-work (PoW) algorithm which has formed the backbone of the blockchain’s operation up until today.Ethereum’s switch to its proof-of-stake- (PoS-) powered Ethereum 2.0 chain is edging closer to reality, with recent updates…
Altcoins breakout to new highs while Bitcoin price retests a key support
Bullishness in the cryptocurrency market continued on Feb. 18 as Bitcoin (BTC) trades near $51,000 and Ether (ETH) is within reach of the $2,000 level for the first time as retail traders remain long while pro traders are less optimistic in the short term.Data from Cointelegraph Markets and TradingView shows Bitcoin price has pulled back…
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices.Pillay is a former federal prosecutor and partner at law firm Jenner & Block. She looked at how customer…
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower. 2215 Total views 8 Total shares Bitcoin's month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The…