Bitpanda, an Austrian cryptocurrency exchange that was valued at $4.1 billion last summer, have received registration as a virtual currency exchange and digital asset custody service provider in Spain. The company’s name appeared in the Bank of Spain’s registry for crypto enterprises on June 16. The registry itself opened in October 2021. At the moment, it includes 15 companies. Speaking…
More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.” Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in U.S. dollar terms than when their coins entered them. Profitability fails to match previous market bottoms As BTC/USD fell…
Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand. Source: https://cointelegraph.com/news/huobi-crypto-exchange-wins-licenses-in-dubai-and-new-zealand-as-thai-affiliate-closes
A week after it started its withdrawal freeze, crypto lending platform Celsius Network warned the community of a rise in fake social media accounts claiming to be affiliated with the company. In a blog post, the lending firm urged the community to be more vigilant as there’s an increase in accounts that are “falsely purporting to be associated with Celsius.”…
Cloudflare, a significant infrastructure provider for the internet, recently experienced widespread problems, leaving many crypto exchanges down. The content delivery network (CDN) confirmed via an update posted on Tuesday that it is experiencing issues with its services and network, and a fix is currently being implemented. However, the firm has yet to provide information regarding what went wrong, causing services…
The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork back on March 1, 2022. Source: https://cointelegraph.com/news/ukraine-sells-cryptopunks-nft-donation-for-90-eth-worth-over-100k
A study released earlier this month has found that working in the metaverse with the tools available today might decrease the productivity of employees, and also increase their frustration and anxiety related to remote work. 11% of the participants in the study felt so much discomfort that they could not complete even a day in the study, leaving their tasks…
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop. Immediately after that, United States securities regulators…
Thomas Semaan is a finance and economics enthusiast. He launched an Arabic speaking podcast about Bitcoin, economics and Lebanon. Thomas is also an active member of the Lebanese and Arab Bitcoin community. Behind the destroyed, unlit roads and the emptiness of its downtown, Beirut has huge skyscrapers that play the role of the headquarters of Lebanon’s local banks. The tale…
Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. The license was issued by the country’s financial regulator, the Australian Securities and Investments Commission (ASIC), to BTC Markets’ sister company BTCM Payments. We have an exciting announcement to make: BTC Markets is the first Australian crypto exchange to successfully…
