‘No clear catalyst’ for bloodbath as top altcoins fall double digits

Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from July until Aug. 15, it also wiped out $246 million worth of leverage long (buy) futures contracts.Bitcoin price is down for the year…

The growth of NFTs has shot to the next level in terms of popularity and finding acceptance from the crypto community and the mainstream alike. Nonfungible tokens (NFTs) that were initially thought to be a bubble are now expanding their coverage across the cryptoverse.According to a report by DappRadar, the NFT market has had its…

Bitcoin price (BTC) fell almost 5% on Monday morning, finding lows of $8,593, completely reversing the weekend recovery back above the $9,000 handle and below the lows of the prior week.As we have seen recently, all other major cryptos have followed suit, with Ether (ETH) managing to perform better against the U.S. dollar than its…

The recent health scare surrounding the COVID-19 outbreak seems to have accelerated the move toward a cashless society, with cashless payment spiking in concert with viral cases.Yet, our findings in a Genesis Mining study called “Perceptions and Understanding of Money 2020” indicate that a significant majority of Americans are not psyched about parting with their…

The OKX DEX suffered an exploit resulting in a loss of around $2.7 million in cryptocurrencies after a proxy admin upgraded a contract that allowed a hacker to compromise the private key. OKX decentralized exchange (DEX) suffered a $2.7 million hack on Dec. 13 after the private key of the proxy admin owner was reported

The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space. 559 Total views 29 Total shares The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and…

Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3.Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade volume,…

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