Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price slid below the $60K handle to a low of $58,563 per unit. After the steep…
The IOTA Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance the IOTA roadmap towards fully functional decentralization. The layer-1 network will act as an innovation testbed for developers and builders in the community seeking to evaluate decentralized finance (DeFi) and nonfungible token (NFT) applications. This sandbox model will allow them to establish…
Liquid staking protocol pSTAKE has today announced it secured $10 million in a strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital. Other notable participants in the round include Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, and Spartan Group, along with angel investors representing such projects as Aave, Terra,…
press release PRESS RELEASE. November 2021, leading Crypto service comparison site – Cryptowisser, announces its annual Crypto exchange graveyard. The list serves as the only existing extensive database for “dead” cryptocurrency exchanges. Over the last year many exchanges have been victim to regulatory regulations, hacking, and a highly competitive growing market. Six exchanges from the detailed report were even closed…
Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily liquidations near $1 billion Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%. After an overnight comedown accelerated, however, buyer support appeared to return…
The United States overtook China as the world’s leading Bitcoin mining powerhouse earlier this year. Texas, in turn, became one of the most crypto-friendly states in the United States. But as more and more miners come to Texas, the state is facing a mining controversy. “They are energy hogs, absolutely,” Michelle Michot Foss, a fellow at the Center for Energy…
Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned. Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first quarter of 2022, the company’s founder and CEO Novogratz announced Monday. “We look forward to our U.S. listing…
The Chinese Communist Party (CCP) has expelled an official for allowing crypto mining to occur, among other party infringements, per an announcement. Xiao Yi was not only a party member of the CCP, he was also the vice-chairman of the Jiangxi Provincial CPP Consultative Conference. The CPP claimed Yi “abused his power to introduce and support enterprises to engage in…
Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities like money laundering and terrorism financing. The government of Israel enforced new Anti-Money Laundering (AML) regulations on Sunday, requiring local fintech companies and virtual currency service providers (VASPs) to obtain an operating license, local news agency Globes reported. The Israel Securities Authority, the…
Bitcoin (BTC) extended its slide on Nov. 16 as BTC price action returned to test $60,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin finally closes large CME gap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down 8% from Monday’s local highs above $66,000. Bouncing at $60,350 on Bitstamp, the pair nonetheless traded at its lowest since Nov.…
