Cryptocurrency Analysis and News Portal
A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users' funds, according to on-chain detective, ZachXBT. In a thread, the crypto sleuth showed a diagram that detailed the movement of the funds. The
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The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Original Source
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An absence of liquidity, which is what the crypto industry will experience as several market makers jump ship, causes an increase in volatility as it takes less capital to move an asset. This, coupled with this highly-leveraged nature of crypto markets, has the potential to create a credit risk that
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The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange. The CEO of top American cryptocurrency exchange Coinbase Brian Armstrong has hinted that the exchange will not bow to pressure from the US Securities and Exchange Commission (SEC). Armstrong, who has been
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BitMEX co-founder Arthur Hayes examines de-dollarization and its fiscal and political implications in an article titled ‘Exit Liquidity.’ Former BitMEX CEO Arthur Hayes recently aired his views on exit liquidity vis-à-vis the US dollar’s reserve currency status. In a Medium blog post, the American entrepreneur wrote exhaustively on whether the US dollar can be
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BlockFi, a lender of digital assets, was given additional time to submit a bankruptcy exit plan by a New Jersey bankruptcy judge in the United States on April 19.The cryptocurrency lender filed for bankruptcy in November 2022 and has been reportedly granted a 48-day extension until May 15 to file
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Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of
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The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation. Original Source
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“The complaint alleges that Kraken touts that its staking investment program offers an easy-to-use platform and benefits that derive from Kraken’s efforts on behalf of investors, including Kraken’s strategies to obtain regular investment returns and payouts,” the SEC said in a release from February. Source
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The decentralized derivatives exchange, dYdX, announced on April 7 that it would no longer provide its services in Canada. As of April.7, the registration of new users was disabled. Current users can continue trading on the dYdX platform for the next week. After the April 14, they can only exit their
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