Cryptocurrency Analysis and News Portal
The market expects the UK’s apex bank to hold off on increasing or decreasing interest rates even as economic data is falling. The Bank of England (BoE) is expected to hold UK interest rates on Thursday due to recorded price pressures and a decline in economic activity. At the moment, the
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Changpeng Zhao's wealth dropped to $17.2 billion from a previous estimate of $29.1 billion. Source
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The world’s largest independent cryptocurrency data aggregator, CoinGecko, shared its 2023 Q3 Crypto Industry Report, highlighting the updated ranking for top centralized exchanges (CEXs). While Binance leads, KuCoin, the self-proclaimed “people’s exchange,” was edged out of the previous top 10 rankings. Binance still leads According to the Oct. 26 tweet, the top 10
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The Shiba Inu community burn rate has seen a significant decline over the last few days. The burn rate which had been
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Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net asset value (NAV) has narrowed to 15.87%
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The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has dropped by more than half, highlighting a shift in interest in crypto trading. Citing analysis from digital asset data provider CCData, mainstream media outlet Bloomberg reported on Oct. 11 that Coinbase registered around $76
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Beyond Binance’s own commitment, the IRI garnered an additional $100 million in contributions from 18 organizations by February 2023. A recent report from Bloomberg suggests that the $1 billion Industry Recovery Initiative (IRI), launched by Binance has fallen short of expectations, with only 2.7% of the committed funds deployed. The Industry Recovery
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Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss
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Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing bear market. According to an Oct. 5 report by blockchain analytics firm Messari, a total of $2.1 billion was raised by crypto startups across 297 deals in Q3 2023, down 36% from the previous quarter
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Ether is lower by 2.4% so far in October to $1,640, giving up all its gains and more from a short-lived surge on Monday to near $1,750. Bitcoin, meanwhile, gained 1.4% over the same time frame and is also outperforming ETH on a weekly, monthly and yearly basis, according to
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