CoinMarketCap glitch sends crypto prices to the moon
TL; DR Breakdown CoinMarketCap suffered a glitch that sent crypto prices to the moon Bitcoin and Ethereum sold for $799 billion and $43 billion on exchanges Other platforms also suffered the same issue The crypto market is one very innovative invention birthed through the introduction of Bitcoin and other digital assets. The prices of these […]
Binance will shut down operations in Singapore by 2022
TL; DR Breakdown Binance will shut down operations in Singapore by 2022 Traders have until February 12 to shut down accounts Binance is planning to extend its base of operation Popular crypto exchange, Binance has been all over the news in the last few months. Although some of the reasons have been good, the others […]
Binance is planning to launch its exchange in Indonesia
TL; DR Breakdown Binance wants to launch crypto exchange in Indonesia The crypto exchange is in talks with several entities Zhao wants to end the year on a high In the last few months, Binance has been in the news about different things going on within the company. Some weeks ago, the Changpeng Zhao-led firm […]
Bitstamp lists Shiba Inu amid wide adoption
TL; DR Breakdown Bitstamp lists Shiba Inu on its platform The exchange listed three other digital asset Shiba Inu continues to enjoy wide adoption Cryptocurrencies have become one of the best forms of making massive profits in the financial market. This is because developers continue to provide tokens with use cases they are interested in, […]
OpenSea denies plans to go public amid community backlash
TL; DR Breakdown OpenSea denies plans for public listing Users show displeasure at the move OpenSea records $1.2 billion in 30 days Over some days, rumors were flying around that NFT marketplace, OpenSea was set for a public listing. After the news, users on the platform began to show their displeasure at the move. However, […]
Hashed under NTS investigation for tax evasion
TL; DR Breakdown Hashed under investigation for tax issues NTS has refused to give insight into the nature of the investigation Hashed raises $200 million in its second venture fund The activities of crypto exchanges and traders can never go under the radar as they are regulatory oversights on their actions. Although more countries have […]
Crypto platforms in Singapore looking to fill Binance spot
TL;DR Breakdown • Luno is among the first options of crypto exchanges for Singapore.• Crypto Platforms must have a MAS license to operate in Singapore. With Singapore’s crackdowns on Binance, one of the most widely used cryptocurrency exchanges in the country, major crypto platforms are competing for its spot. Binance will probably stop operating in […]
BitMart Hack: Huobi and SHIB community to track stolen funds
TL;DR Breakdown Huobi and SHIB community will track the stolen funds in BitMart hack. The hackers drained assets worth $190 million. The hack shows the need for advanced security measures on platforms. The activities of the illicit actors in the sector have shown no signs of abating as they continue to reinforce and try to […]
Binance wants UK license despite regulatory concerns
TL; DR Breakdown Binance wants UK license despite regulatory concerns The exchange plans to set up a physical branch in the UK Binance continues to face regulatory issues from regulators worldwide With crypto attaining mainstream adoption, there has been a rise in the influx of crypto exchanges. While others are focused on breaking into the […]
Singapore regulator suspends Bitget after promoting Army Coin
TL;DR Breakdown • Bitget promoted ArmyCoin linked to a k-pop music group.• Regulators in Singapore make room for cryptocurrencies on their terms. Cryptocurrency regulators in Singapore recently suspended Exchange Bitget over legal issues. According to reports, the regulatory authority blocked the crypto platform operations for naming a token as a South Korean band. The Exchange […]
Stellar price analysis: XLM/USD receives monumental push towards $0.36
TL;DR Breakdown Support levels have reached $0.31, Stellar price analysis confirms. XLM/USD charts have observed commendable improvement in price. Price has jumped suddenly to $0.36 of value. The Stellar price analysis is showing progressive movement, as the price levels have regained momentum reaching the $0.355 level. The past week experienced a considerable amount of decline […]
Polkadot price analysis: Bears interrupt bullish swing by devaluing DOT to $37.95
TL;DR Breakdown Price has dropped down to $37.948. Polkadot price analysis confirms downtrend. Support is standing at $33.31 point. The latest Polkadot price analysis predicts a downward trend for the day, as the price underwent a considerable decline in the last 24-hours. Although the bulls were at the leading position earlier, the current scenario favors […]
Coinbase to acquire Unbound Security to establish a presence in Israel
TL;DR Breakdown • The crypto platform seeks to expand its operations to countries in the Middle East.• Coinbase believes that Israel is booming crypto developments and wants to support them. Coinbase, one of the most widely used cryptocurrency trading platforms globally, announced operating in Israel after serious negotiations. The exchange believes it is time to […]
Dogecoin withdrawal resumes on Binance
TL; DR Breakdown Dogecoin withdrawal resumes on Binance Binance boss blames glitch for the issues Dogecoin continues to trade up Binance has been in the news over the last couple of days and not for some very good reasons. The one reason that stood out was the issue of suspended Dogecoin withdrawals on the crypto […]
Crypto exchanges in the UK set to pay digital services tax
TL; DR Breakdown Crypto exchanges in the UK will pay digital services tax Exchanges will pay 2% of their revenue The United Kingdom continues to regulate its crypto space Crypto traders across the world are now being targeted in several regulations, including that of paying taxes. While most countries are still opposed to them, others […]
MuesliSwap stokes Twitter controversy following 28th November Cardano listing
TL;DR Breakdown MuesliSwap (MS) is courting controversy on crypto-twitter. Twitter users are questioning its legitimacy hours after the Swiss crypto firm’s listing on Cardano. MuesliSwap has had a turbulent entry into the decentralized exchange (DEX) space. The Swiss crypto firm had announced its listing on the Cardano Blockchain (BC) on 28th November. In doing so, […]
Coinbase users continue to face technical issues
TL; DR Breakdown Coinbase users continue to face technical issues. The exchange claimed it had fixed the issues. Elon Musk warns traders against centralized exchanges. Trading crypto on exchanges has been regarded as one of the few best ways to make profits in the crypto market. According to a report, San Francisco-based crypto exchange, Coinbase […]
Binance plans to set up headquarters in Ireland
TL; DR Breakdown Binance wants to set up its headquarter in Ireland. Binance launches its crypto exchange in the country. Regulators issues warning about the crypto exchange. Crypto exchanges are regarded as the custodian of crypto trades as traders bank on them to trade certain assets. But while most of them are popular and provide […]
OCC boss wants close monitoring of crypto companies
TL; DR Breakdown OCC boss recommends close surveillance on crypto companies He says regulators should cooperate and foster interdependence The OCC will look for ways to implement new surveillance measures The establishment of regulatory oversight has been one of the issues facing the crypto sector, especially as state and federal regulators want to exert dominance […]
United States SEC is investigating BlockFi’s BIA account
TL; DR Breakdown The United States SEC is investigating BlockFi’s BIA account. The body frowns at BlockFi’s BIA account. SEC continues to look into lending and borrowing services. Trading digital assets do not come without regulation as crypto exchanges try to maintain guidelines laid down by regulators. In a case where some of the guidelines […]
Coinbase raises $2.5 billion for Paradigm One projects
TL;DR Breakdown • Ehrsam shows how well Paradigm did in the exhibition fund.• Coinbase co-founder believes Paradigm is driving the future of crypto companies. Recently Fred Ehrsam, co-founder of the crypto platform Coinbase, raised over $2 billion in an exhibition fund sent to the association that supports new crypto projects, called Paradigm One. All the […]
FTX US records spike in daily volume and userbase in Q3
TL;DR Breakdown FTX sees a spike in daily volume and userbase in Q3. The exchange now boasts 4.5% of the U.S trading volume.. FTX is now worth $25 billion. The United States-based crypto exchange FTX US has announced a large increase in its platform’s userbase and trading volume. Generally, this is down to the rise […]
CoinsPaid registers a 120% increase in transaction volume
TL;DR Breakdown • The crypto company won recognition as Crypto Wallet of the Year at AIBC for the second time.• Coinspaid is ready to move forward with cryptocurrencies by offering the best of services. Just as PayTM, PayPal and Stripe have been integrating into the crypto space, older wallets like Coinspaid continue to occupy a […]
Dallas Mavericks joins crypto platform Voyager to explore ETFs
TL;DR Breakdown • The basketball team seeks to take advantage of the crypto trade.• Dallas Mavericks will join Voyager ETFs in the coming days. As the cryptocurrency market grows, more companies have wanted to partner with crypto platforms, including the sports franchise. Recently, the Dallas Mavericks would be one of the most talked-about basketball teams […]
Chainalysis report: Top decentralized exchanges grow by 550%
TL; DR Breakdown Chainalysis report outlines how top decentralized exchanges have grown by 550%. The report claims centralized exchanges are closing down. Decentralized exchanges facilitated 5 million transactions in August. Without a doubt, the cryptocurrency industry is presently undergoing massive bill runs, with coins hitting top figures. A typical example is Ethereum which just hit […]
Crypto.com tops list of most downloaded apps in the Google Play Store
TL;DR Breakdown • The crypto platform is a priority for enthusiasts in the United States.• Matt Damon excels at crypto.com advertising by making its native token increase its price. Crypto exchange popularity seems to cook up a variety with every new week, and this time, it is crypto.com’s turn. This platform that drives crypto commerce […]
FTX planning to go mainstream through ads on Super Bowl Live
TL; DR Breakdown FTX has made sports the target in advertising digital assets to gain customers. Bankman-Fried picks out sporting events as sportspeople identify better with crypto. Crypto Derivatives Exchange FTX has acquired an opportunity to air their ad at the U.S. professional gridiron football Super Bowl game at the beginning of 2022. The company […]
Crypto services on offer as RocketFuel teams up with ACI Worldwide for all merchants
TL;DR Breakdown • ACI will offer crypto services from its mobile platform through QR and NFC.• RocketFuel, ACI’s partner, offers commission-free crypto transactions. ACI Worldwide, a virtual payments company in Florida-USA, has offered its system for crypto transactions without commissions. ACI is linked to the RocketFuel network to offer its crypto services under the highest […]
FTX gives away $500 each to fans at basketball event
TL;DR Breakdown • The crypto exchange gains value from the rewards given to its fans.• The FTX token is trading above $63, increasing by over 1,000 percent of its value in recent months. Recently the crypto exchange FTX released $500 worth of cryptos to each person at the FTX-Arena event held at the Miami Heat […]
VeChain price analysis: VET/USD is bullish for th next 24 hours
TL;DR Breakdown VeChain price analysis is bullish today. VET/USD continues testing $0.123 resistance. Next minor resistance at $0.128. The VeChain price is presently trading at $0.0009, with nearly $1 billion market capitalization. The VET/USD pair broke the important support at $0.084 earlier this morning, accumulating a +5% gain since yesterday’s close. The pair is currently […]
CoinGeek TV announces Fabriik new NFT marketplace
TL;DR Breakdown • The New York conference concludes successfully on the second day after interviews with Fabriik’s vice president.• CoinGeek addresses NFT dividends with the SLictionary glossary developer. Recently, the expert in cryptocurrencies, Kurt Wuckert, was the CoinGeek image on the second day of the event held in the State of New York. The presenter […]
Polkadot price analysis: DOT/USD is bearish for the next 24 hours
TL;DR Breakdown Polkadot price analysis is bearish today. A retest at $30.14 will act as an important support level for the short term. The price movement is verified by a 24-hour Star pattern. The price of Polkadot has dropped significantly in the last 24 hours after it failed to pass testing at $38.30. Price fell […]
Cardano Price Analysis: ADA/USD set to break the $2.365 resistance
TL;DR Breakdown Cardano price analysis is bullish today. Cardano’s price is up today. ADA/USD price has already regained 2% in less than 24 hours. Cardano’s price is up today, following a substantial decline over the previous 24 hours. As a result, we anticipate ADA/USD to recover some of its losses later today as bears grow […]
Binance Coin price analysis: BNB bulls mark 13 percent gain as Binance announces billion-dollar blockchain fund
TL;DR Breakdown Binance Coin price analysis is bullish today. The billion-dollar blockchain announcement catches interest from traders. The BNB/USD found support at $443. Resistance is present at $480. The Binance coin price analysis is strongly bullish today, as the news of launching a 1 billion dollars fund for the Binance smart chain ecosystem is doing […]
BitPay and Wix join forces to offer BitPay’s Bitcoin as a new payment option
TL;DR Breakdown • BitPay supports Wix to accept 12 cryptocurrencies as payment.• Wix will open crypto payments in the United States and four other countries. One of the most used crypto rewards platforms globally, BitPay, has partnered with Wix to pay for its SaaS services. Thanks to this link consolidated between both companies, the Wix […]
DYDX price analysis: DYDX at $24.8 as the token races again in a bullish move
TL;DR Breakdown DYDX price analysis is strongly bullish today. The all-time high resistance is found at $26.8. The nearest support for DYDX is found at $21.7. The DYDX price analysis is strongly bullish today. The token price has seen a significant jump as it is racing again towards claiming another record high, but the coming […]
NY stockbroker Public.com to offer crypto trading features to its users
TL;DR Breakdown • Public.com will work with Apex Crypto to activate crypto investments.• The Stockbroker announces that it will work with over 10 cryptos, including Bitcoin and Dogecoin. Recently the Public.com group, a stockbroker company in New York City, announced that it is ready to join the new technology based on cryptocurrencies. The broker wants […]
BlockFills launches Phoenix in a bid to offer crypto solutions to its users
TL;DR Breakdown • The Phoenix interface will offer SaaS solutions for BlockFills customers.• The platform has several commercial management options based on cryptocurrencies. The technological platform, BlockFills, has renewed its options by launching the main software as a service website for commercial companies. Phoenix, the name given to the SaaS cryptocurrency website, will help liquidate […]
Binance declares restrictions for clients in Singapore
TL;DR Breakdown • The Binance platform will no longer allow purchases of cryptos with fiat currencies in Singapore.• BNB, the native token of the crypto platform, maintains its price despite regulations. The most popular cryptocurrency trading platform globally, Binance, has informed about the new measures in Singapore. The crypto exchange has continued to change its […]
60 crypto exchanges in South Korea to be shut down
TL;DR Breakdown South Korea warns crypto exchanges about the deadline for registration with the Financial Authority. At least 10 crypto platforms in South Korea will continue to operate in early October. The South Korean government is joining the long list of regulations against cryptocurrencies. The authority has announced that crypto exchanges not registered with the […]
