Cryptocurrency Analysis and News Portal
Major crypto exchange Bitfinex, while experiencing a sharp plunge in BTC balance since mid-March, is now holding more ETH than the total value locked (TVL) in the decentralized finance (DeFi) market. Bitfinex Ethereum Balance Crosses 4 Million Tweeting on Tuesday, May 12, 2020, Elias Samos, Senior Research Analyst for digital assets platform
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Bitfinex’s Bitcoin (BTC) holdings have decreased by 66,000 in the past four weeks.On March 17, the exchange held 200,140 Bitcoin. By April 13 this amount had dwindled by 33%, to just 134,091 Bitcoin. The massive decrease mirrors that experienced by BitMEX, which saw a 38% percent decline in its
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Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband.In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that
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Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors.
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In a bid to regulate its cryptocurrency space, Ukraine‘s National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March
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Malta-based Binance, one of the world's top cryptocurrency exchanges by trading volume, now allows users put up their crypto holdings as collateral to fund futures trading.Launched soon before press time, the new "Cross Collateral" feature means users can trade futures contracts using assets stored in their Binance exchange wallet as
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Sharing is caring!Leading Japanese financial services company SBI Holdings has invested $20 million in OpenLegacy, the market leader in microservice-based APIs for legacy and core systems with a focus on instituting Ripple-powered Moneytap, a blockchain-based payment application in Japan and globally and building Internet banking across SBI’s growing portfolio of Japanese banks. “OpenLegacy
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Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project. The number of ether tokens held by all ETH mining pools is back near its all-time-high of 1.69 million ETH set in October, according to crypto market data platform Santiment. The rise from November's low of 1.64
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Japan's crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit.SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo.Under the scheme, newer shareholders
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The Internal Revenue Service (IRS) in Brazil has established a specified code to categorize punishment for taxpaying citizens who fail to declare their cryptocurrency operations and holdings. This can be seen as Brazil’s major attempt to take a stronger control over the Bitcoin(BTC)trade and other digital currencies trade and exchange
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