Cryptocurrency Analysis and News Portal
Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12.On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking ecosystem.The data revealed that deposit activities are currently low “due to regulatory pressure
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Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, joins Elisha Owusu Akyaw on episode 14 of Cryptox’s Hashing It Out podcast to discuss the current state of crypto and take a deep dive into Cardano. Hoskinson gives his perspective on the recent happenings in the industry, crypto adoption in Africa
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A new daily all-time high has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain.Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high of 31,692 on March 9 by 83.5%, according to Dune
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Cryptocurrency exchange Bittrex is shutting down its U.S. operations due to “continued regulatory uncertainty” as U.S. regulators increase their enforcement efforts against cryptocurrency trading platforms. Regulatory requirements currently “are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” Bittrex described. Bittrex Exiting U.S. Crypto Market Cryptocurrency
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The rollout of The Bank of Russia’s central bank digital currency (CBDC) pilot is being delayed indefinitely. However, participating banks have stated their readiness to begin the testing. As reported by the state-owned TASS on March 28, the CBDC pilot won’t start on April 1, as previously announced, because specific legislation has
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Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery. Source
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Crypto exchange Binance has encountered major issues with spot trading on the platform.On March 24, Binance suspended all spot trading transactions, according to an announcement by Binance’s official Twitter account.“We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work
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Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and
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Senator Michael Bennet from Colorado said that Signature Bank didn’t make “prudentially sound” decisions while dealing with crypto. Other US lawmakers believe crypto is being made a scapegoat in the failed banking policies of the Fed. Michael Bennet, the United States Senator from Colorado, recently opened up about the shutting
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The six closures have combined assets under management (AUM) of less than $700,000. 21Shares has announced that it will immediately cease offering six of its crypto exchange-traded products. According to a company spokesperson, the decision follows after the firm’s realization that these particular products are in low demand. Of the six
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