Cryptocurrency Analysis and News Portal
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased
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By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). After Bitcoin’s incredible rally to $25,000 last week, Bitcoin is currently consolidating around $24,500. Amongst the
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Alongside a big rally in crypto-related stocks Thursday, shares in Silvergate are soaring 38% and are now higher by 30% year-to-date. They remain lower by 80% year-over-year thanks in general to the crypto bear market and in particular by the bank’s relationship with failed crypto exchange FTX. Source
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Bitcoin (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.E-commerce
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Competitors of Coinbase, including Binance and Gemini, are grappling with the ripple effects of FTX’s collapse, which has triggered increased scrutiny over unregulated exchanges in the industry, making Coinbase one of the few options for investors to trade crypto without significant risk of fraud. Source
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Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19%
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The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with
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A close look at the regulatory filing shared by the firm showed that it offloaded a total of 704 Bitcoin units worth approximately $11.8 million.The most Bitcoin (BTC) bullish Wall Street company in the world, MicroStrategy Incorporated (NASDAQ: MSTR) has announced it has increased its Bitcoin holdings by exactly 2,395
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Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations
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The US Securities and Exchange Commission (SEC) is increasing its scrutiny of audits of cryptocurrency companies and warning both investors and audit firms, WSJ reported. Source
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