Markets
Nicholas Panigirtzoglou, JPMorgan analyst, the largest U.S. bank, believes there is a risk of a downward price correction on Ethereum’s main competitors, Solana, BNB and Cardano. All of these digital assets are projects that develop blockchains that have similar functionality to…
Cryptocurrency exchange Binance announced the integration of the Ronin Network, which will reduce commission costs in the Axie Infinity blockchain game. Binance has added support for native token deposits of the blockchain game Axie Infinity via an Ethereum network sidechain called…
Powerbridge Technologies, which is based in China but whose shares are traded on the Nasdaq Wall Street Stock Exchange, has announced that it intends to start mining bitcoins as well as Ethereum. The $61 million organization said it has hired experts…
DeFi sector losses incurred in 2021 as a result of hacking and theft were at a record high, according to a CipherTrace study. It’s not just DeFi sector that’s thriving, but criminals too Despite the decentralized finance (DeFi) industry’s seeming prosperity,…
It’s time for big players in the financial world to think about how to enter the cryptocurrency market, Morgan Stanley Bank experts said The institutionalization of cryptocurrencies offers “great opportunities” for asset managers. This opinion was expressed by analysts at Morgan…
While analysts debate whether Ethereum’s capitalization can overtake bitcoin, one of Ethereum’s competitors is building financial muscle. Project Solana, for example, is in the process of raising $450 million, a large infusion of funds even by the standards of classic startups.…
The Bitcoin whales added 50,000 BTC to their bitcoin reserves in ten days, taking advantage of the cryptocurrency’s decline. Bitcoin whales are hoarding the cryptocurrency again. That’s the conclusion reached by analysts at Santiment. A sampling of onchain indicators showed that…
Crypto exchange OKEx believes that a confluence of factors led to the observed correction of the cryptocurrency market: a stream of negative news regarding digital assets and the passion of some traders for trading with large leverage (leverage). Speaking about the…
According to John Glenn, a British MP and UK finance minister, John Glenn said that few cryptocurrency companies are complying with AML regulations. According to the official, local cryptocurrency companies are trying to comply with the new anti-money laundering rules set…
We have compiled a list of five promising coins in the segment of decentralized finance (DeFi): Aave, MANTRA DAO, Serum. These DeFi projects are going through interesting developments that could favorably affect the rate of their native coins. Aave (AAVE) The…
Cryptocurrency exchange Binance temporarily suspended the withdrawal of crypto-assets due to an increase in applications from new users. Withdrawals are now available. Binance announced the suspension of withdrawals on Twitter, apologizing to users for the temporary inconvenience. The exchange was forced to take such a step to deal with the large number of requests from new users wishing to register on the platform. The number of deposits and transactions is also increasing, which creates a heavy load on the system. Binance reassured users and reported that all their assets were safe. Less than an hour later, withdrawals were restored. This is reminiscent of the situation in 2018, when Binance temporarily halted all transactions due to anomalous Syscoin cryptocurrency transactions and unusual activity on the blockchain. As a precautionary measure, Binance had to stop registering new users and remove all active API keys. As a result, all API users had to create new keys. Binance has repeatedly gone on extended technical maintenance, suspending spot, margin and peer-to-peer trading. Problems have arisen with the message routing service and market data providers. According to Binance CEO Changpeng Zhao, the severe strain on the exchange’s technical system also played a role. Recall that last week Roskomnadzor lifted the blocking of the Binance website in Russia. Recently it was reported that Altcoin price will outpace the Bitcoin.
The growth rate of altcoin price exceeds the positive dynamics of the cryptocurrency No. 1. Ethereum hit a record high again on January 26, testing the level of about $1467,000. Altcoin price is up 32% in the last three days and…