Nasdaq-listed cryptocurrency exchange Coinbase reportedly continues to face some system difficulties after experiencing a major connectivity problem. Both Coinbase brokerage and its trading platform Coinbase Pro were unavailable on Nov. 23 due to connectivity issues on both platforms, Coinbase Support officially reported. “This may cause failed trades, delayed transactions, and unexpected behavior on the webpage and mobile apps,” Coinbase said.…
Month: November 2021
Nansen Adds Support for Ethereum Layer-2 Scaling Solution Arbitrum
In brief Data analytics platform is integrating data from an Ethereum Layer-2 scaling solution called Arbitrum. Arbitrum offers crypto users faster speeds and lower costs, opening up new types of activity. The move also highlights Nansen’s view that Arbitrum will lead the pack amid a crowded market of scaling solutions. Crypto analytics platform Nansen announced it will soon support Arbitrum,…
Morgan Stanley Funds Adding to Bitcoin Exposure, SEC Filings Show
In new filings with the U.S. Securities and Exchange Commission (SEC), banking giant Morgan Stanley has revealed some of its funds added Bitcoin exposure in Q3. For the period ending September 30, Morgan Stanley’s Growth Portfolio Fund, for example, added 1.5 million shares of the Grayscale Bitcoin Trust (GBTC). Similarly, its Insight Fund added nearly 600,000 shares over the period.…
Bitcoin price metric demands ‘strong reaction’ as $56K BTC starts to look ‘seriously cheap’
Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal. Bitcoin “deep into oversold territory” Advanced NVT uses Bitcoin’s market cap and network volume to determine the…
Ethereum Has Burned 1 Million ETH Since August Hard Fork
In brief The London hard fork included EIP-1559, which changed how transaction fees are collected. The price of ETH has risen roughly 50% since the August upgrade. Talk about “gross.” Ethereum, the smart contract-enabled network that Three Arrows Capital founder Su Zhu publicly denigrated this week for putting profits over people, has burned 1 million ETH since an August protocol…
Senate Banking Committee Quizzes Stablecoin Issuers on Business Safeguards
The United States Senate Banking Committee (SBC) has issued a letter to stablecoin issuers concerning their business practices and safeguards. Ron Hammond, the director of government relations at the Blockchain Association, tweeted that issuers who were sent letters include Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, Binance.US, and Tether. The letter follows up from the recent President’s Working Group report on…
MyMonero Wallet Review & Step-by-Step Guide
beginner Today, cryptocurrency is a valuable asset, which might bring a good profit even with a minimal initial investment. Currently, a wide range of different types of wallets to store Monero cryptocurrency is presented on the market. In this article, we review the official online crypto wallet MyMonero and offer a step-by-step installation guide. Pros & Cons of MyMonero Wallet…
Major League Soccer Star Kieran Gibbs Reveals Plans to Convert 50% of His Salary Into Bitcoin – Bitcoin News
The Inter-Miami CF (IMCF) Major League Soccer (MLS) star Kieran Gibbs has announced the player plans to convert half of his salary into bitcoin. Gibbs will leverage the crypto finance firm XBTO in order to convert his salary and avoid heavy fees. Inter-Miami CF’s Left-Back Kieran Gibbs to Get Half of His Earnings Converted to Bitcoin The MLS player Kieran…
Data shows retail interest waning as SHIB down 60% in 4 weeks
Shiba Inu (SHIB) edged further down on Nov. 24 as its appeal among the army of retail traders, who helped it rally by more than 535% to a record high of $0.00008854 earlier this year, declined. SHIB’s price dropped by nearly 60% after establishing the said all-time high on Oct. 28, signaling that traders have been actively locking their Shiba…
Ripple CEO blasts Dogecoin for ‘inflationary dynamics’
The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE). Brad Garlinghouse believes that DOGE is not good for the cryptocurrency market due to its alleged “inflationary dynamics” and unlimited supply. The global inflation is driving Bitcoin (BTC) price higher, but has a warning for Dogecoin fans, Garlinghouse argued…