Category : Cryptocoins News

Cryptocoins News

$20K Bitcoin may return, says analyst as US unemployment hits 54-year low

Bitcoin buyers may get a chance to “load up” below $22,000 on the back of employment statistics. Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh Unite...

Binance terminates wallet services to WazirX

Binance says WazirX has till 3 February 2023 at 23:59 UTC to withdraw assets from its accounts. According to Binance, Zanmai Labs, the company behind WazirX, has failed to retract misleading public statements about their relationship. Changpeng Zhao...

Russia’s Sberbank plans to launch DeFi platform on Ethereum

DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank, S...

Binance severs ties with Indian crypto exchange WazirX

According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets. The debacle between the...

Bitcoin’s big month: Did US institutions prevail over Asian retail traders?

There may be no single reason for BTC’s 39% January price gain, but some suspect institutional investors. Can their impact be quantified, though? Bitcoin experienced...

Sberbank Readies Ethereum-Compatible DeFi System For May 2023

Summary: Russia’s largest bank said the Ethereum-based platform will launch for open testing in March ahead of the main launch in May.The system will begin facilitating commercial operations at the end of April and MetaMask users will be a...

5 biggest economic bubbles in history

Economic bubbles occur when the price of an asset, such as stocks or real estate, is driven up artificially and becomes disconnected from its underlying value. An eco...

Binance Issues February 3 Ultimatum To Zanmai-Run WazirX Exchange

Summary: The company told Zanmai to withdraw all funds and assets in Binance wallets used for WazirX operations on February 3, 2023, no later than 11:59 PM UTC.An official blog post explained that the ultimatum was issued as Zanmai refused to cla...

HSBC is looking for a top executive to work with asset tokenization

The Tokenisation Director would "create and execute" a worldwide tokenization proposal. (Read More)

Australia introduces classification for crypto assets

The national regulators identified four major products in the crypto sector. Following the global regulatory race, Australia opened the public consultation on its own...

Reliance Retail accept digital rupee at one store

Reliance Retail has pledged to assist India's CBDC throughout its companies. (Read More)

Web3 Builders Reveals Suite of Tools to Combat DeFi exploits

Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security. (Read More)

Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies

The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress. (Read More)

Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering

On Jan. 18, 2023, police enforcement closed Bitzlato. (Read More)

Everlend Finance, a Solana-based decentralized finance

Solana protocol decentralises finance Closing Everlend Finance. (Read More)

Core Scientific to hand over 27K rigs to pay $38M debt

The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines. Crypto mining firm Core Scientific made...

Kraken Closes Abu Dhabi Office

Less than a year after receiving regulatory licence to operate in Abu Dhabi's international financial hub and worldwide market, Kraken is departing. (Read More)

Local Officials Set Ambitious Targets for Digital Yuan Transactions

In 2022, the e-CNY processed $50.5 billion in municipal transactions. (Read More)

Despite the attacker borrowing 100 million BEUR

Damage estimates were $120 million. (Read More)

Prime Minister of Japan Fumio Kishida Comes Out in Support

On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3. (Read More)

Binance re-enters South Korea with GOPAX exchange

With the new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi. Major cryptocurrency exchange Binance is comi...

MicroStrategy BTC paper loss hit $1.3B but no plans to stop trading bitcoin

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2...

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