Category: Latest news
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Senate Banking Committee holds Valentine’s Day hearing on 2022 crypto crash
[ad_1] Ad The U.S. Senate Banking Committee discussed last year’s cryptocurrency market crash and assorted company collapses during a hearing on Tuesday, Feb. 14. Chairman Brown calls for regulations Several individuals commented on the state of the cryptocurrency industry. Chairman Sherrod Brown took a harsh stance on the matter, stating: “These crypto catastrophes have exposed…
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CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
[ad_1] Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served it a Wells notice after rumors to that effect emerged. Plus, news on Polygon-based bonds, AI tokens, Sam Bankman-Fried’s VPN…
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BendDAO reaches near new all-time highs on Mutants, BAYC and Azuki loans
[ad_1] Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC. (Source: Twitter) Twitter user @JKrantz speculated that the sudden all-time high might be because borrowers are getting paid a higher interest to take out…
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Magic Eden partners with Moonpay to add payment alternatives
[ad_1] NFT marketplace Magic Eden inked a partnership with Web3 payment platform MoonPay to add payment alternatives to its platform, according to Fintech Finance. The new features will allow Magic Eden users to purchase NFTs using their credit cards, Google Pay, and Apple Pay, as reported by Fintech Finance. Magic Eden COO Zhuoxun Yin explained…
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Traders turn to USDT as BUSD dominates heavily imbalanced Curve liquidity pool
[ad_1] Ad Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT. The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool’s $12.85 million reserve, while USDT made up 4%. The other stablecoins in the pool — USD Coin (USDC) and…
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Self custody continues to grow as Bitcoin withdrawals outpace deposits
[ad_1] Ad Exchange-related deposits and withdrawals of Bitcoin are often good indicators of market sentiment. When the number of exchange deposits grows, the liquid supply of Bitcoin grows and shows the market’s readiness to trade. Conversely, when the number of exchange withdrawals increases, investors seem less interested in trading and are looking to hold their…
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Singapore’s DBS Bank aims for Hong Kong crypto license
[ad_1] Ad Singapore-based DBS Bank is planning to apply for a crypto license in Hong Kong, according to Bloomberg News. The bank didn’t disclose a date for the application but said it wanted to offer digital asset services to customers residing in the region, as reported by Bloomberg News. DBS Bank Hong Kong CEO, Sebastian…
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AI sector surpasses Yield farming again to outperform market by 12%
[ad_1] As Bitcoin attempts to hold onto the $22,000 psychological support, the crypto AI sector surpassed yield farming to outperform Bitcoin with gains of over 12% in the past 24 hours. The AI sector’s total market cap is currently at $4.08B, with $838 million in volume in the last 24 hours. Data stream aggregator The…
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Revolutionizing media monetization by unlocking the power of ownership in web3 – SlateCast #52
[ad_1] In the latest episode of the SlateCast, we look at Access Protocol‘s new web3 subscription service, which is being integrated into the CryptoSlate ecosystem. The podcast covers: Introduction to Access Protocol and the problem it aims to solve Overview of the ACS staking model and how it changes the relationship between creators and consumers…
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Bitcoin trades under 22k as market awaits CPI numbers
[ad_1] Ad The cryptocurrency market cap saw net inflows of $12 billion in the last 24 hours and currently stands at $1.01 trillion — up 0.89% from $998.09 billion. During the reporting period, Bitcoin and Ethereum’s market cap rose 0.98% and 1.52% to $421.18 billion and $185.72 billion, respectively. The top 10 crypto assets recorded…