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Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The amount withdrawn from the top stablecoin is nearly double the $4.1 billion it held in cash reserves at the end of 2021 according to…
After breaking down from a multi-year trendline, Tezos (XTZ) has yet to generate any signs of a potential bullish reversal. XTZ had been increasing alongside an ascending support line since Oct 2019, when the price was trading close to $0.85. In July 2021, the price bounced above the support line and greatly accelerated the rate…
Source: Adobe/Rechitan Sorin Russian users – even some not located in the aggressor state of Russia – are complaining that they are having problems using the crypto exchange Binance. The Telegram-based Russian financial news channel Banksta reported that the Binance exchange had “decided to punish Russians, regardless of their country of residence.” It wrote: “If…
Solana total value locked (TVL) continued to plunge in the third week of May due to bearish trends in the market that have seen declining interest in decentralized finance (DeFi). Solana has been one of the best-performing crypto projects in the last 18 months. According to Be[In]Crypto Research, Solana has lost 60% in total value…
Source: Adobe/mnimage Three South Korean banks earned USD 31.2m from their crypto exchange partnership deals in 2021, new data has revealed – suggesting that partnering with trading platforms could be paying off for the often-cautious domestic banking sector. South Korean law requires crypto exchanges who offer fiat KRW trading pairs to partner with banks, who…
Last week in crypto will go down in history as one of the most turbulent ever. Be[In]Crypto has rounded up the hottest stories in the ecosystem for your digest ranging from Terra’s debacle, CBDCs rush, the U.K.’s cryptocurrency ambitions, crypto fraud, and investors’ sentiment following the aftermath of Terra USD (UST) de-pegging. Don’t forget to…
Source: iStock/christopherhall Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: Enjin (ENJ) Efinity (EFI) Bibox Listings: Captain Planet (CTP)…
Quick summary: Terra’s Do Kwon has emerged with a new proposal to fix the Terra blockchain and make UST investors whole Do Kwon suggests forking the current Terra blockchain The new chain will operate without stablecoins and will be named ‘Terra’, and the old chain will be called ‘Terra Classic’ Both chains will co-exist New…
Grayscale Investments has announced plans to list its first exchange-traded fund (ETF) in Europe. Dubbed the Future of Finance UCITS, the ETF will be listed on some of the top exchanges on the continent, according to BNN Bloomberg. Grayscale CEO Michael Sonnenshein said last month the digital asset manager had been eyeing the European crypto…