Ethereum price drops despite Bybit reportedly buying $700M ETH — Why?

Switzerland-based commodities assets manager Tiberius Group AG has delayed the sale of its metals-backed cryptocurrency, Tiberius Coin, due to high fees from credit card companies, Bloomberg reported Oct. 9.The company announced its intention to issue a digital currency tied to the price of metals — copper, aluminum, nickel, cobalt, tin, gold and platinum — in…

Tuesday, July 30 — The number one cryptocurrency, Bitcoin (BTC), appears to have stabilized shy of $12,000 after quickly retaking $11,000 in a rally this weekend. Ether (ETH) and XRP are seeing slight gains at press time.Market visualization. Source: Coin360Bitcoin is trading around $11,700 at press time, with a 3.3% gain on the day. Bitcoin…

The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC. 1706 Total views 9 Total shares Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter, allowing it to up its stake in Bitcoin (BTC)…

The on-chain activity for stablecoins has increased 800% in the last 12 months. 1412 Total views 38 Total shares The on-chain activity for stablecoins has increased 800% in the last 12 months according to market intelligence firm TokenAnalyst.This growth is not surprising considering the overall growth of the stablecoin niche. The combined market cap for…

The bank will concentrate efforts on building an institutional-grade facility to invest in crypto assets. 1212 Total views 21 Total shares SEBA Bank AG, a fully regulated Swiss-based institution with a focus on the offering of digital cryptocurrency assets, has today announced the approval of a CISA license from the Swiss Financial Market Authority, or…

Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month.In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to month since the startup announced its launch out…

Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million. Data scanned from the XRP blockchain by monitoring resource Whale Alert caught the latest consignment of XRP tokens, which forms one installment of a pre-planned release schedule Ripple began in 2017. Ripple continues 55-month escrow…

The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007's subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets, hurting stocks and bonds alike.Crypto…

The ecosystem is gaining momentum as demand for nonfungible tokens and blockchain-based social communities continue to grow. 429 Total views 5 Total shares Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be…