Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Upbit and OKX Gain Ground in Spot Market in October
Reading Time: < 1 minuteUpbit, a South Korean platform, saw their market share increase from 5% to 15.5% in the past year.
Ethereum’s Market Share Has Increased Amid Bitcoin’s Stagnation: CoinShares
Reading Time: < 1 minuteCoinShares analyst Luke Nolan has recently stated that over the past week, Ethereum has performed better than Bitcoin and has regained some market share.
SEC is Facing Problems to Hire Crypto Experts
Reading Time: < 1 minuteThe SEC is facing difficulties in hiring experts in cryptocurrency due to the reluctance of qualified applicants to part with their digital assets.
Number of Active Blockchain Users Will Hit 100 Million in 4 Years: Bloomberg
Reading Time: < 1 minuteBloomberg analyst Jamie Coutts predicts that the number of active users of blockchain applications (dApps) will surpass 100 million within the next five years.
Inflows into Crypto Funds Continues for Sixth Consecutive Week: CoinShares
Reading Time: < 1 minuteThe influx of funds into cryptocurrency investment products between October 28 and November 3 totaled $261 million.
Miner BTC Digital Acquires 220 ASIC Devices
Reading Time: < 1 minuteBTC Digital, a company listed on the Nasdaq exchange, formerly known as Meten Holding, has announced the acquisition of 220 Antminer S19j Pro ASIC miners.
NFT Trading Volume Dropped 20% Last Month: Report
Reading Time: < 1 minuteAccording to Cryptoslam, the trading volume for NFTs decreased by 21.6% last month compared to September. The total value of transactions during this time was $313 million.
Aave Suspends Some Operations Due to a Vulnerability
Reading Time: < 1 minuteAfter discovering a vulnerability, the Aave DeFi protocol has temporarily suspended some operations.
Asset Manager DWS Announces Plans to Launch a Crypto ETF
Reading Time: < 1 minuteIn the near future, DWS, an asset management company associated with Deutsche Bank, will launch cryptocurrency-based exchange-traded funds (ETFs).
Galaxy Digital Forecasts BTC Will Keep Growing After Surpassing $36K
Reading Time: < 1 minuteGalaxy Digital predicts that for Bitcoin to enter a new bullish cycle, it must surpass the resistance level of $36,000.
Michael Saylor: These Are Catalysts for Bitcoin’s Growth
Reading Time: < 1 minuteMicroStrategy founder Michael Saylor discussed during an interview with CNBC factors that he believes will cause the price of Bitcoin to increase tenfold in the medium term.
Startup Qredo Lays Off 50% of its Staff
Reading Time: < 1 minuteQredo, a Coinbase-backed crypto custody infrastructure provider, has cut 50% of its jobs.
Bitcoin Surpassing $36,000 Will Cause a New Selloff: Expert
Reading Time: < 1 minuteMajor players in the Bitcoin options market are closely monitoring the price movement, especially in anticipation of a potential breakthrough of the $36,000 mark.
DeFi Projects on Ethereum Network Accumulate $22B in Crypto
Reading Time: < 1 minuteThe majority of decentralized finance protocols, around 75%, are being used on the Ethereum network.
Binance to Close Fiat Gateway with Advcash
Reading Time: < 1 minuteThe Wall Street Journal has reported that cryptocurrency exchange Binance is choosing to terminate its partnership with payment system Advcash.
A Solo Miner Mines a BTC Block
Reading Time: < 1 minuteA solo miner with a hashrate of 11 PH/s mined block #814,308 on the Bitcoin blockchain on October 29.
Backpack Opens a Crypto Exchange in Dubai
Reading Time: < 1 minuteDigital wallet company in the Web3 space Backpack has announced the launch of its cryptocurrency exchange.
Court Approves Bittrex’s Liquidation in USA
Reading Time: < 1 minuteA revised plan for bankruptcy and winding down operations in the United States has been approved by the court for cryptocurrency exchange Bittrex.
Hester Peirce is Against SEC Actions in LBRY Case
Reading Time: < 1 minuteCommissioner Hester Peirce of the SEC has expressed her belief that the agency could have better utilized their time and resources by focusing on developing a workable regulatory framework, rather than devoting them to the LBRY case.
USDT Represents 80% of Digital Currency Transactions in Brazil
Reading Time: < 1 minuteAccording to the Brazilian Tax Service, USDT is responsible for up to 80% of digital currency transactions in the country.
UN Says There is a Correlation Between Bitcoin Price and Network Energy Consumption
Reading Time: < 1 minuteUN scientists concluded that the increase in their energy consumption to 173.42 TWh in 2020-2021 happened at the same time as Bitcoin reached its all-time high of $69,000.
Ethereum Puts Off Dencun Hard Fork to 2024
Reading Time: < 1 minuteAccording to a report by Blockworks, Ethereum client developers have confirmed that the anticipated Dencun update will not be activated on the main network until the end of 2023.
Cryptos Are An Innovative Tool: Report
Reading Time: < 1 minuteCoinbase has discovered that a significant number of millennials in the US consider digital currencies to be an integral part of the modernization of the global financial system.
Animoca Brands Purchases Azarus
Reading Time: < 1 minuteAnimoca Brands, a Hong Kong-based company in the blockchain gaming industry, has acquired the Web3 streaming platform Azarus, according to a report from VentureBeat.
Gary Gensler Says Scams Are Abundant in Crypto Industry
Reading Time: < 1 minuteAccording to Gary Gensler, the chairman of the Securities and Exchange Commission, the digital asset industry is plagued by fraudulent activities, scams, bankruptcies, and money laundering.
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