Coinbase’s director of product strategy and business operations, Conor Grogan, revealed that billions of dollars worth of Ether had been permanently lost due to bugs and human errors. The director noted that mistakes and glitches were the cause of losing 636,000 ETH or $1.15 billion on the Ethereum blockchain. Gone With No Recovery According to…
The Republican U.S. Senator, Cynthia Lummis, representing Wyoming, revealed at a recent crypto event in Washington D.C. that the U.S. is losing out on the crypto space. Dubbed “Crypto Queen,” Lummis disclosed that she bought her first Bitcoin in 2013 and wished she had bought more of the token. Supporting Crypto Regulation It is not…
Binance has recently come under increasing regulatory scrutiny from various countries worldwide due to allegations of regulatory violations. This has led some nations to impose restrictions or outright bans on the exchange’s services. These regulatory concerns stem from money laundering, market manipulation, and other illegal financial activities. In February, the United States Securities and Exchange…
Deribit, a cryptocurrency derivatives exchange, is set to introduce Bitcoin volatility futures, providing investors with a means of assessing and engaging in trading the BTC market. Deribit’s New Product Allows Investors To Trade BTC Deribit’s BTC DVOL futures is a derivative contract based on the Deribit BTC Volatility Index. The index evaluates the implied volatility…
Binance, one of the world’s largest cryptocurrency exchanges, has obligatory standards for each coin or token listed on its platform. The exchange also clarified that it would delist a coin or token from its platform if it no longer meets these standards or if the market conditions change in a way that could pose a…
Metamask has been the go-to crypto wallet for many crypto users for the past few years. It makes storing, sending, and receiving cryptocurrency from any device easy. Metamask is taking the user experience to the next level with a new upgrade that enhances privacy. The new upgrade focuses on improving privacy features for both the…
The U.S. banking system is currently in turmoil, with several banks struggling to stay afloat and others facing unprecedented financial difficulty. Banks are closing, mergers are happening, and bailouts are becoming the norm. It is an alarming situation and one that is causing serious concern within the banking industry, particularly concerning the long-term implications for…
In a new memo delivered to the House Committee about Financial Services, the Republicans admit that the digital asset market is a flourishing trillion-dollar domain. Part of the memo reads, “The current market value of digital assets is estimated to be over $1.05 trillion, out of which Ether and Bitcoin contribute to roughly 60% of…
According to reports, Meta Platforms Inc, the parent company of Facebook, may soon release its decentralized social network, P92, which would compete directly with Twitter Inc, a company Elon Musk bought last year. According to sources familiar with the matter, the upcoming launch will support ActivityPub, a decentralized social networking protocol used by Mastodon, a…
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…
Tokenomics is a new field of research that is becoming more popular in the field of cryptocurrency and finance, which is something that all crypto experts are aware of. Tokenomics are fundamental components of virtual assets, serving as the conceptual frameworks within which crypto tokens function, operate, distribute, and even depreciate or appreciate in number…
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…
Crypto Arbitrage Trading is just like regular arbitrage. This is the process in which you buy and sell a cryptocurrency across different platforms and benefit from the price differences between them. Since every cryptocurrency exchange values different cryptocurrencies differently, this opens up amazing opportunities for cryptocurrency arbitrage around the globe. Traders buy cryptocurrency from one…
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…
