Author: e_cash_top

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[ad_1] Cryptocurrency exchange FTX hit a new record of over $936.24 million in short liquidations. Today was the single largest liquidation event on FTX in its history and the runner up isn’t even close. ~$600m Someone get carried out on a stretcher?Seems excessive given the move. But then again there’s like 12 people who understand…

US lawmakers express concern over crypto firms hiring former government officials

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[ad_1] Five US Democratic lawmakers led by Senator Elizabeth Warren have written the heads of several financial regulators in the country, enquiring about the “revolving door’ between government agencies and the crypto industry. The letter, citing a Tech Transparency Project report, noted that over 200 ex-government officials were now working in crypto firms and serving…

Moldova bans crypto mining amid energy crisis

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[ad_1] Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported Oct. 26. According to the report, Moldova’s Commission for Emergency Situations (CES) decided to embrace this measure in light of the energy crisis that has engulfed the region. Reports revealed that Moldovan President Maia…

Busan collaborates with Crypto.com and Gate.io to advance blockchain aspirations

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[ad_1] South Korean city Busan has signed a business agreement with two international cryptocurrency exchanges, Crypto.com and Gate.io, to grow its blockchain ecosystem. The development highlights one of Busan’s numerous efforts to embrace blockchain and let it strive within its region. As revealed, both Crypto.com and Gate.io will set up regional offices in the city.…

UK flocks to Bitcoin in September due GBP decline

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[ad_1] Bitcoin’s (BTC) trading volume with the British Pound Sterling surged by 233% in September, according to CryptoCompare data. In September, the British Pound fell to a record low against the US Dollar. Reuters reported that the trading volume between the Pound and Bitcoin peaked at £846 million ($955 million) on Sept. 26. Former UK prime…

Euro session sees further $315 million shorts liquidated as Bitcoin bulls cut loose

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[ad_1] Data from Coinglass showed a further $314.97 million crypto shorts were liquidated since the Euro trading session opened. This move brings the total liquidations over the last 24 hours to $1.12 billion. Source: Coinglass.com Shorts get rekt Over the last 24 hours, $66.4 billion of capital has flooded into the crypto market (+7%,) taking…

Is China about to catalyze the crypto bull market through Hong Kong?

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[ad_1] Former BitMEX CEO Arthur Hayes posted an extensive Medium article titled “Comeback.” It went into depth on the complicated relationship between China and Hong Kong and how he is hopeful that the latter can restore its crypto hub standing. If so, what might this mean for the broader crypto market? China’s anti-crypto stance China’s…

Ethereum leads gains as Bitcoin crosses $20k

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[ad_1] The cryptocurrency market cap saw net inflows of $65.75 billion over the past 24 hours, pushing the total to $995.22 billion from $929.47 billion as of press time. The market cap increased by 7.10% over the last 24 hours. Bitcoin’s market cap rose 6.98% over the reporting period to $395.99 billion, while Ethereum’s market…

Monetary Authority of Singapore proposes new measures to regulate crypto, stablecoins

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[ad_1] The Monetary Authority of Singapore (MAS) published two consultation papers via its official website on Oct. 26, highlighting regulatory measures for implementation applicable to digital payment token services and stablecoin issuers. The paper is based on the premise that crypto assets are “inherently speculative and highly risky “ and comes after the MAS’ idea…

Why web3 social could be bigger than Facebook

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