The largest US-based cryptocurrency exchange informed its customers minutes ago that it is experiencing a system-wide outage but also reassured them that all funds are safe. While it may not be entirely related, the price of bitcoin reacted with an immediate price drop that drove it south by almost a grand. The Coinbase status page […]
On Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs saw a total outflow of $39.3 million, according to preliminary data from Farside Investors. It is the highest total outflow for the institutional investment products since they were launched on the Hong Kong Stock Exchange on May 2. Spot Bitcoin funds from issuers Bosera, […]
[PRESS RELEASE – Dubai, United Arab Emirates, May 13th, 2024] Bybit Web3, the Web3 division of Bybit, one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Thetanuts (NUTS) on its Web3 platform. “Bybit Web3 is thrilled to provide our community with early access to […]
TL;DR Speculation about Gemini potentially listing Cardano (ADA) has increased after a popular post from the exchange. Despite recent declines, analysts predict a substantial rally for the asset, with projections ranging up to $10 based on past performance. ADA Price Rally Incoming? Many industry participants have recently speculated that Cardano’s native token—ADA—may soon be listed […]
Deutsche Bank analysts believe most stablecoins are doomed to fail following an internal analysis of 334 currency pegs over the past 200 years. “Some may survive, although most will likely fail,” wrote the German banking powerhouse in a study published on Tuesday. The analysts argued that the few FX pegs that have held staying power […]
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data is reported alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic Calendar Tuesday will see the […]
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s […]
TL;DR Polkadot has recently improved its network performance, significantly boosting the speed and capacity for processing transactions. In addition to its technical advancements, the protocol is exploring a potential $8.8 million sponsorship deal with the American soccer club Inter Miami. What’s New Around Polkadot? The blockchain protocol made the headlines in the past few days […]
Disgraced FTX founder Sam Bankman-Fried revealed that he hasn’t experienced abuse and doesn’t “feel unsafe.” The only time he feels bothered is during the night when they ask about the rice bags they plan to use for trade. This was his first comprehensive interview since being imprisoned. SBF’s Prison Survival: Beans, Rice, and a Currency […]
The Hong Kong police force is in search of four men who abducted a crypto investor on Tuesday at Tai Lau Leng Village off Po Shek Wu Road in Sheung Shui district. According to a report by the South China Morning Post, the suspects stopped the 55-year-old woman while she rode in a car with […]