Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter

The DeFi industry must address scalability, liquidity and gas issues before serving more users, said Eric Chen, CEO and co-founder of Injective Labs. 80 Total views 18 Total shares While decentralized finance (DeFi) token prices may be going down, new forms of utility like liquid staking are on the rise and some believe that more people…

As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum.The 4-hour price chart of Bitcoin. Source: TradingView.comAccording to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data indicates less selling pressure from high-net-worth Bitcoin holders.Simultaneously, the daily…

The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the price of Bitcoin (BTC) remains 50% down from its record high at $19,665.Bitcoin was seemingly…

KuCoin is partially restoring crypto withdrawals after a major hack. 916 Total views 19 Total shares The KuCoin cryptocurrency exchange is partly restoring deposits and withdrawals following a major hack.As KuCoin officially announced on Oct. 7, the platform has completed the wallet security upgrade for major cryptos like Bitcoin (BTC), Ether (ETH), and Tether (USDT).Following…

Eddy Alexandre, the CEO of the purported crypto trading platform EminiFX is facing as much as 10 years behind bars for his part in the fraudulent enterprise. 129 Total views 2 Total shares Own this piece of history Collect this article as an NFTEddy Alexandre, CEO of purported crypto trading platform EminiFX has pleaded guilty…

Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech. 276 Total views 14 Total shares Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI).Reuters reported on…

South African authorities are the latest to warn against using Binance, saying the exchange is not authorized to operate in the country. 233 Total views 8 Total shares South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance.In a statement issued on Friday, the FSCA stated…

Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities. “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to Cointelegraph. “Acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services.” Harbor’s website is…