Tag: COIN:ETHUSD
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Crypto This Thursday: Shiba Inu Strengthens Digital Identity, Upbit Dominates July Trading, and More
Tether generates surprising profits and doubts Tether (COIN:USDTUSD) reported profits of over $1 billion in its latest quarterly attestation, which seems surprising for a company with only around 60 employees. The company holds a large amount of US Treasuries, which may explain its profitability. However, the lack of real money on its balance sheet is concerning and…
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Crypto This Wednesday: Litecoin Halving Completed, GameStop Shuts Down NFT Wallet, and More
Litecoin halving completed as cryptocurrency adoption grows in Africa and Latin America The Litecoin (COIN:LTCUSD) halving event has concluded, reducing block rewards to 6.25 LTC. The Litecoin blockchain underwent the halving procedure at block 2,520,000 on August 2, halving the rewards for miners. The price of LTC has dropped since July, hovering around $87.05. The CEO of BitPay highlighted…
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Crypto This Monday: July Hacks, Binance Gets Dubai License, Tether Boosts Reserves, and More
Binance obtains operating license in Dubai with regulatory restrictions Binance obtained the MVP Operating License in Dubai, allowing qualified users to access authorized services in compliance with VARA guidelines. However, the license has restrictions, being restricted to qualified investors. Binance continues to face challenges in other markets due to regulatory issues. In Japan, the exchange returned to the…
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Crypto This Friday: Crypto.com Gets Dutch Regulatory Registration, Sequoia Capital Reduces Crypto Fund, and More
Bitcoin maintains stability despite higher-than-expectation US inflation data Despite US inflation data beating expectations, Bitcoin (COIN:BTCUSD) held steady at the Wall Street open on July 28, with a modest increase in the Personal Consumption Expenditure Index (PCE). This could indicate a continued drop in US inflation. BTC price remained between $29,000 and $29,500 with resistance at $30,000,…
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Crypto This Thursday: Bruce Lee into the Metaverse, Optimism trumps Arbitrum, and more
Bitcoin and Ether futures contracts on CME draw record participation from major traders In the second quarter, regulated bitcoin ( COIN:BTCUSD ) and ether ( COIN:ETHUSD ) futures on the Chicago Mercantile Exchange (CME) saw record participation from large traders. The average of large open interest holders for Bitcoin futures was 107, while for Ether it was 62. Institutional interest…
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Crypto This Monday: Worldcoin (WLD) launches, DOGE rises after Twitter rebrand, and more
Bitcoin starts week with drop Bitcoin (COIN:BTCUSD) started the week on a low note, recording a -3.35% drop over the last 24 hours and trading around $29,076. The digital asset market is in a tight trading range, reflecting investor caution. The recent lull in major crypto assets suggests that investors are waiting for positive developments before taking…
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Crypto This Friday: Uniswap Founder’s Twitter Hacked, Solana Improves Reliability, and More
Social engineering scam on Twitter exposing risks in cryptocurrency accounts On Twitter, members of Crypto quickly warned of a scam promoted on the compromised account of Hayden Adams, founder of Uniswap. The scam included fake tweets claiming that Uniswap’s Permit2 contract had been affected and users’ tokens were at risk, encouraging them to click on a…
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Crypto This Thursday: LINK Fires Up, FCA Launches Digital Sandbox, Bitmain Revolutionizes Filecoin Mining, and More
FedNow: US instant payments service is about to launch, transforming the country’s payment system The FedNow instant payment service, powered by the US Federal Reserve (Fed), is about to launch, offering Americans the ability to send and receive funds in real time, 24 hours a day, 7 days a week. This initiative represents a significant development…
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Crypto This Wednesday: Nasdaq Suspends Digital Asset Custody Launch, Argo Blockchain Sells Shares, and More
Nasdaq suspends launch of digital asset custody business Nasdaq (NASDAQ:NDAQ) has suspended the launch of its digital asset custody business due to regulatory risks in the United States. CEO Adena Friedman announced the decision during the second quarter earnings conference call, citing the changing regulatory and business environment. However, the company reiterated its commitment to digital asset…
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Crypto This Tuesday: BTC Under 30k, SEC to Review Valkyrie’s Bitcoin ETF, and More
Bitcoin price close to one-month low Bitcoin (COIN:BTCUSD) price is near a one-month low as economic data indicates continued growth in the US and traders brace for another Federal Reserve rate hike. Although the June Retail Sales report showed some weakness, excluding autos, gasoline, building materials and food services, retail sales grew by 0.6% in June. This boosts…