According to Glassnode’s August 2 “The Week on-Chain” report, Bitcoin withdrawals from centralized exchanges have climbed to record levels over the past week. The on-chain analytics firm revealed that 40,000 Bitcoins were withdrawn from exchanges in the past seven days. This raises the monthly outflow to 100,000
South Korea’s Financial Services Commission (FSC) is expected to shut down at least 11 crypto exchanges following allegations of illegal activities and fraudulent collective accounts. According to local news agency The South Korea Herald, several mid-sized crypto exchanges have failed to obtain approval from the country’s top financial
The Saudi Arabian Oil Company, Saudi Aramco, has denied claims linking it with Bitcoin mining activities. The biggest oil explorer in Saudi Arabia caught the attention of crypto enthusiasts last year when it invested $5 million in Vakt, a blockchain-based oil trading company, in a move to help digitize and
Bitcoin’s latest rally has been cut shut amid growing concerns trailing the potential impact of the new U.S. Infrastructure bill. For several weeks, the world’s largest cryptocurrency struggled to stay above $30,000. However, as BTC PEERS reported, Bitcoin pulled a rather miraculous recovery and surpassed the
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Throne, an NFT ecosystem that’s been in stealth mode for nearly a year and whose founding partners include Nellee Hooper, the award winning music producer of Massive Attack, Soul II Soul, Sade, U2, Madonna, and Bjork has named Gee Roberson to the new role of executive creative director and
The Supreme People’s Court of China has issued fresh regulations regarding the use of Blockchain data for evidence purposes. The new rules which took effect yesterday stipulate the validity of blockchain deposits. All three articles in the litigation address issues concerning blockchain evidence. One article stressed the assumption that
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In the second quarter of 2021, Jack Dorsey’s financial firm Square has reportedly earned $2.72 billion in Bitcoin revenue through its peer-to-peer mobile payment service Cash App. Even though the figure is nowhere near the mammoth $3.5 billion reported in the first quarter of the year, it
Analysis
Since it emerged, the cryptocurrency industry has been offering a way for billions of unbanked and underbanked people around the world to join the global economy. With these people typically living in underdeveloped regions that lacked money, work, and development, they were stricken by poverty and everyday difficulties even when
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The DeFi market experienced exponential growth between January and April 2021. Its market size surged 300%, rising to $64 billion from the market value at the beginning of the year. However, the trend took a nosedive. According to Analytics Insight, the market capitalization of decentralized finance fell by a significant
GoldenTree asset management, an investment firm founded in 2000 by Steve Tananbaum, has reportedly been stockpiling Bitcoin for several years now. The firm, which holds over $45 billion worth of assets under management, has made its move into the crypto space by acquiring an undisclosed amount of Bitcoin. According to
Bitcoin has maintained its recent bullish run, leading to a new 2-month high. The world’s largest cryptocurrency surpassed the $40,000 benchmark for the first time in over a month after trading around the $33,000 region for several weeks. Bitcoin bulls appear to have reclaimed the market, forcing
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Qchain, a next-generation blockchain network, intends to solve most of the existing problems with older blockchain protocols such as Bitcoin via an array of exceptional features. Older generation blockchains are plagued with many issues that are well known within crypto circles. Problems such as lack of scalability, low throughput, complexity,
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Spanish cryptocurrency platform Bit2Me has announced the addition of Zeeshan Feroz as a strategic advisor to their team. Zeeshan has extensive experience in the cryptocurrency industry, being Coinbase’s former head for all operations outside the US. Coinbase, headquartered in San Francisco (USA), is the largest player in crypto trading
Press Releases
Non-Fungible Tokens (NFTs) have enhanced the most premier attraction to come out of the crypto market this bull season. It has risen from being used as a Fan Token for popular sports leagues to become the most sought-after commodity that every industry wants to launch today. It all started with
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Two months ago, the crypto market size went above $2 trillion. More projects spring up every day to have a share of this booming market. For already existing projects like Decoin exchange, being innovative is vital in serving the current crypto market. Crypto platforms and projects are rolling out new
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Amazon is looking to recruit an expert in digital currency and blockchain technology to lead its payment team. The move signals the company’s growing interest in cryptocurrency. A recent job posting on the website of the e-commerce giant stated that: The Payments Acceptance & Experience team is seeking an