Cryptocurrency prices dipped on Thursday as Silvergate, a bank that has remained at the forefront of the company over the years, announced its closure. Data from Coin Metrics As per Coin Metrics, Bitcoin fell 2% to $21,570.04. Ether was previously selling at $1,527.58 after losing over 2%. The minor decline got a late start on…
The senior promoters – Chairez, Milan, and Aguilar – alongside the co-founder – Rodriquez – were found to be guilty of committing fraud. A while ago, they pleaded guilty to their illicit activities, however, the other CEO, Dos Santos, pled 2 years ago in October. There were 6 people who took part in the Ponzi…
Silvergate Bank has just made an announcement about its operations, which is like a low blow for the entire cryptocurrency industry. The US-based bank known for being a crypto-friendly entity has announced that it has decided to go with voluntary liquidation. Silvergate Bank Announces Voluntary Liquidation As per the officials at the Silvergate Bank, they…
Virtual Payment Cards Introduced By MaskEX One of the fastest-growing crypto platforms in the world and Dubai’s largest crypto firm, MaskEX, has introduced virtual payment cards. By doing this, the platform is aiming to bring in more utilities for the users. The platform is also aiming to achieve higher targets to bring in more users…
Bitcoin (BTC), whose supply is more than 90 percent in circulation, has an inflation rate of more than 10 percent. The number of copies currently in circulation has dropped drastically, falling by more than 90 percent. This sudden decline is surprising and shocking. It has seen a large drop in prevalence throughout the past few…
Binance, which many regards as a leading cryptocurrency exchange, has recently taken a bold step in the fight against the rising tide of crypto-related scams. In a commendable move, the exchange has joined forces with law enforcement agencies from around the world to launch its Joint Anti-Scam Campaign. The campaign, which has already yielded impressive…
Most of us are familiar with the concept of hibernation, where animals in the wild save up their energy during tough weather conditions and scarcity of food. Similarly, the recent period in the world of crypto has proven that decentralized finance has also experienced a chilling winter – much like the bears in hibernation. The…
Dubai’s daring roadmap has taken on an impressive array of ventures aimed at attracting companies seeking to navigate the regulatory landscape with ease. The crypto sphere in Dubai is abuzz with excitement, as the emirate has at last disclosed its comprehensive regulatory framework. The framework provides a definitive licensing system for digital asset issuers and…
In the past few months, the U.S. market has been the primary factor determining the price of bitcoin. More promotional activity and more price fluctuation in bitcoin were observed throughout the US trading day. Bitcoin’s incredible 2% increase during Asia-Pacific trading hours today looks even more incredible in light of this new information. On the…
Alchemy Pay has recently shared an update in regard to the expansion of its operational reach. The cryptocurrency gateway has confirmed that it has acquired an operational license in a new country. Permission to Enter Indonesia As confirmed by the company officials, they now have access to the Indonesian market. They have reportedly gained access…
The trading price of Enjin (ENJ) has recorded a strong boost in a single trading day. The data shows that the trading price ENJ has surged by 20% in a single day, which is a massive push. It is quite remarkable for an asset to experience a push that is as much as 20% in…
Coins-Capital.com Review No one can deny the fact that trust is one of the most important factors in helping build a great broker-trader relationship. If you want to continue with the same broker for a long time, you will have to trust it. However, the challenge is for the broker to take all possible measures…
The second-largest meme coin in the crypto-verse, Shiba Inu (SHIB) has been becoming an attractive asset for the bulls. The meme coin has been enjoying solid support from investors. The bears have been trying to pull the trading price of SHIB below $0.00001210 but the bulls are still confident. They want to go for high…
Audemarsgroup.com Review One of the most lucrative ventures that exist in today’s world is online trading, which has drawn millions of people towards this space. You could give it a try for supplementing your existing income, or start it as a new career path. You will need the services of an online broker to do…
The latest reports involving Three Arrows Capital (3AC) suggest that the company’s liquidators are on the move. They are reportedly in the process of carrying out a huge sale of the seized assets. Liquidators to Sell NFTs As per the sources, Three Arrows Capital had a large volume of non-fungible tokens (NFTs) that were frozen…
There was a time when only Dogecoin (DOGE) was the meme coin that the particular segment within the crypto industry had to offer. For the record, it was back in 2013 when Dogecoin was launched as a joke for the entire crypto industry. Even the developer of Dogecoin had no idea what his protocol was…
‘Cryptoqueen’ May Have Died Long Ago One of the world’s highly notorious crypto Ponzi schemes was ‘Onecoin’ which was primarily founded by Ruja Ignatova. Once it was revealed that Onecoin was a crypto pyramid scheme that looted billions from investors, Ignatova disappeared with all the money. It was about four years ago in 2018 when…
Mike Novogratz’s Bitcoin Prediction While attending a conference arranged by The Bank of America, Mike Novogratz, CEO of Galaxy Digital, predicted Bitcoin’s price in the near future. He stated that before the end of Q1 of 2023, Bitcoin would reach the milestone of US$30,000. Novogratz has a habit of making predictions about the trading price…
Elon Musk behind Quick Surge in Meme Coin Economy The global meme coin economy saw a quick boost when Elon Musk posted a tweet comprising a snapshot of his pet dog. Musk’s tweet, carrying Floki’s picture, showcased his dog dressed in ‘a black t-shirt’ with the logo which said ‘CEO’. Musk tagged the photograph as…
The enforcement action taken against the crypto exchange Kraken by the Securities and Exchange Commission (SEC) in the previous week has thrown the future of the practice of crypto staking in doubt. Coinbase, the crypto exchange based in the US, is prepared to launch its own crypto staking services after the incident. The CEO On…
