Category: Latest news

[ad_1] Ad Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9. The exchange’s global adviser Justin Sun confirmed this development, adding that the funds have been sent to the exchange. HT is yet to recover from its flash crash fully. According…

[ad_1] Ad Neeraj Agrawal, the Director of Communications at Coin Center, disagreed with the New York Attorney General’s (NYAG) recent assessment of Ethereum as a security. “Coin Center will be monitoring the case and if there’s an opportunity to weigh in, we will.” In support of this view, Agrawal linked a 2018 article arguing that…

[ad_1] Definition This metric breaks down the Accumulation Trend Score into the relative behaviour by various entity wallet cohorts. The relative strength of the accumulation for each entity balance size is measured by the entities’ size and the amount of coins they have acquired over the last 15 days. A value closer to 1 indicates that participants…

[ad_1] Ad Bitcoin has lost crucial support at the $21,000 level as market volatility has continued after the collapse of Silvergate. Bitcoin price 3M chart (Source: Kaiko) On Thursday, the prices of cryptocurrencies experienced a decline following the announcement by Silvergate, a prominent bank in the industry, of its decision to close down. Coin Metrics…

[ad_1] Ad Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. According to Yahoo Finance data, the miner’s shares declined 8.78% to $1.35 after the announcement. Bitcoin production increased by 28% Hut 8’s BTC production rose…

[ad_1] Ad Blockchain.com will discontinue its asset management arm after less than a year of operation, according to a report from Bloomberg on March 9. Blockchain.com will shut down subsidiary Through its asset management division, Blockchain.com offered an investment strategy that tracked the price of Bitcoin against the dollar. It also planned to offer “algorithm-based…

[ad_1] Ad CoinTracker, a provider of tax software for cryptocurrencies, is collaborating with H&R Block. The new partnership hopes to assist millions of customers in preparing their income tax returns in Canada, the US, and Australia through an integration that will enable crypto users to benefit from H&R Block’s tax preparation services while using CoinTracker’s…

[ad_1] Ad Huobi, the 17th largest crypto exchange, has seen its native token collapse by 90% in a flash crash during Thursday trading. (Source: Twitter @tier10k) At 3:45 pm, HT was trading at $4.70. By 4:10 pm, it was down to $1.83. By 6:00 pm, it was back up $3.90,  30% lower than it had…

[ad_1] Ad Hedera is turning off access to most services, as announced in a tweet on March 9. Hedera is blocking wallet, app access Hedera said that it will turn off network proxies on its mainnet as it investigates irregularities in its smart contracts. This action means that wallets, decentralized exchanges and decentralized apps, and…

[ad_1] U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposing a “digital asset mining energy excise tax” in one line of its summary tables. The addition is projected to decrease the country’s deficit by $74 million in 2024,…