Cryptocurrency exchange Binance announced on Wednesday that it had been granted a license to operate in Dubai, United Arab Emirates. The company’s presence in the Middle East has been building up lately, with a crypto service provider license in another Gulf market, Bahrain, coming in earlier this week. Under the Dubai virtual asset provider (VASP)
Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token’s current total value stands at $3 billion, down roughly 70%. Although not as well known as the leading smart contract blockchains, Klaytn remains a top-35 token by
Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response. Fed singles out Ukraine war in inflation comments Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the Fed announced it would raise rates by 25 basis
Bitcoin (BTC) returned above $41,000 prior to the Wall Street open on March 16 as good news from Asia and Russia buoyed stocks. BTC on track to close week higher Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $41,000 as a focus after the Chinese government promised fresh economic support. Beijing announced the move
Ethereum’s native token, Ether (ETH), could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental and on-chain catalysts. ETH’s price paints “symmetrical triangle” The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern. Notably, ETH’s 50%-plus decline from its all-time high of around $4,650 on Dec.
United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.
Following days of consolidation, bitcoin rallied above $40,000 on Tuesday, which comes as markets prepare for today’s Fed meeting. ETH also climbed, moving away from its recent support point in the process. Bitcoin BTC finally broke out of its recent streak of price consolidation on Tuesday, as the world’s largest cryptocurrency climbed to almost a
Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether to outlaw proof-of-work cryptocurrencies, which was ultimately rejected. Despite these pressures, however, several cryptocurrency projects have managed to post gains in excess of 20% on March 14, thanks to new partnerships and
Bitcoin (BTC) tested traders’ neves yet again on March 16 as a fresh spike over $40,000 ended in minutes. Shorts feel the burn after abrupt trip to $41,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp — before instantly reversing. Two hourly candles was all it took
A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere, which
THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside retracement has opened up possibilities about an extended bull run toward
A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of news breaking of the Deus Finance exploit, where hackers stole over $3 million in
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regulator, and another 51 entities’ operations “were terminated.” The enforcement operation targeted illegal mining operations that compromised the nation’s energy network. The agency called for developing
Countries across Asia Pacific have become global leaders at delivering instant payments through digital banking solutions. Their experimentation and innovation around alternative payment rails to better facilitate both cross-border and domestic instant payments serves to bolster the region’s growing stature and leadership across the payments sector. In recent years, APAC has grown to dominate the
The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry. According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of the payments
Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8
An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer. Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to his friend as ‘C.’ A friend sent 0.255BTC from his bitcoin wallet to an exchange. He copied and pasted the
Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network. The announcement came in the wake of the Polygon network’s outage since March 11 after a network upgrade. The crypto exchange noted that it would reopen the deposit and
On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450 million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than
On Tuesday, Ethereum (ETH) developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet (formerly Ethereum 2.0) before existing public testnets are upgraded. “Merge” involves taking Ethereum’s Execution Layer from the existing Proof of Work layer and merging it with