Category: Latest news

[ad_1] Kucoin Exchange Company in Africa KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies which was launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users across 207 countries and regions around the world.​ Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with 24/7 multi-language customer services. More…

[ad_1] Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting operations. Contagion spreading into the banking and financials sector of the economy, with banks particularly seeing a heavy red day. SVB Financial Group (SIVB) is down 65%, and trading has been halted on the…

[ad_1] Ad A new report from CryptoCompare, a provider of crypto market data, reveals that Binance’s market share rose from 59.4% in January to 61.8% in February. Binance, the world’s largest centralized crypto exchange, experienced a surge in its spot volumes, reaching an all-time high market share with a 13.7% increase to $504 billion, the…

[ad_1] Ad Hedera’s (HBAR) core team announced that the network was experiencing “smart contract irregularities” about an hour before the time of writing. The team stated: “The @hedera core team is actively investigating the smart contract irregularity that has been discovered. They are working directly with teams across the DeFi ecosystem to determine the cause…

[ad_1] Ad Ethereum co-founder Vitalik Buterin warned the crypto community about BITE and other unnamed assets being discussed on the r/Testingtesting62831 subreddit group. A look at the subreddit showed that its members heavily discussed BITE and other low-value meme coins. Buterin said these assets are “sh*tcoins [that] have no redeeming cultural or moral value.” According…

[ad_1] Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a March 8 blog post, Hayes said the stablecoin would not rely on USD reserves or centralized entities like banks. Instead, the NUSD will…

[ad_1] Ad Bankrupt FTX proposed a retention plan that would pay the exchange’s employees bonuses of up to 94% of their salary, according to a March 8 court filing. The bonus is capped at $4,027,204 and is designed to cater to employees with “unique and specialized skillsets” that would be difficult to replace and are…

[ad_1] Ad Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less liquid. Kaiko said U.S.-based exchanges and market makers are becoming less liquid as they seem most affected by Silvergate’s implosion. According to Kaiko data, Bitcoin and Ethereum’s market depth…

[ad_1] Ad During the first appeal hearing for Grayscale’s Bitcoin spot ETF, judges raised concerns about the SEC’s reasoning, stating that the SEC had not sufficiently explained why Grayscale’s arguments were flawed. They also questioned the logic of allowing futures-based Bitcoin ETFs while not approving spot-based ETFs. What is the significance of investors receiving shares…

[ad_1] Ad According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as bears took control. Recent days have seen the build-up of notable headwinds, including Silvergate going into voluntary liquidation and mounting speculation that the Fed will exercise a 50 basis…