Over 90% of ETH holders are in profit, but doubts linger over $4K breakout
While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000 anytime soon.
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$740M in Bitcoin exits exchanges, the biggest outflow since June’s BTC price crash
The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000.Bitcoin forming a "bear market floor"Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin…
FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?
In September, cryptocurrency exchange FTX US secured the winning bid for the assets of embattled crypto brokerage firm Voyager Digital with a bid of approximately $1.4 billion. The bid was made up of the fair market value of Voyager’s crypto holdings “at a to-be-determined date in the future.”According to Voyager, at current market prices, the…
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing. 64 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe unsecured committee of creditors and others involved in…
Huobi Global to Freeze US Customer Accounts by Mid-November
Cryptocurrency exchange Huobi Global has announced that it will freeze all United States customers’ accounts on Nov. 13.In a blog post on Nov. 3, Huobi stated that its user agreement expressly prohibits customers in the U.S. from using its trading platform. For this reason, Huobi has been gradually disabling U.S customers’ accounts to “prevent any…
10 Best Performing Cryptos of 2019 Not Named Bitcoin
Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July, the market at large had witnessed an influx of bullish momentum that pushed the total capitalization…
Crypto winter freezes sports sponsorships for digital asset firms
The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they spent hundreds of millions on at the beginning of the year. 584 Total views 28 Total shares The longer the crypto market stays in bearish territory, the more marketing deals…
Bitcoin price more correlated to FTX developments than macro events: Research
While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors. 1372 Total views 26 Total shares Own this piece of history Collect this article as an NFTThe collapse of FTX and related developments did more to pull up or push down the price of Bitcoin…
Namibia passes bill to regulate crypto and digital assets
The legislation aims to establish a framework for licensing and regulating virtual asset service providers. Namibia has joined other African nations in embracing cryptocurrencies and digital assets by approving a bill in the National Assembly. The bill, which passed Namibia’s lower house of parliament on June 22, aims to regulate digital assets, cryptocurrencies and virtual…