Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis

Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year, it accounted for only 2% of global crypto transactions — the lowest in the world. However, the latest Chainalysis report indicates that the region has some…

Binance applies LUNC tax burn to trades including past transactions

Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades. The announcement stated: “Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address.” The calculation of total LUNC to burn will…

Coinbase denies The Wall Street Journal’s proprietary trading allegations

Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading. The exchange said Sept. 22 that the WSJ  had confused its client-driven activities with proprietary trading. Proprietary trading allegation The Journal reported earlier on Sept. 22 that Coinbase created a trading group that used $100 million of the company funds…

Largest Indian exchange WazirX to delist USDC spot pairs, Sept. 26

India’s largest crypto exchange WazirX has announced that it’ll stop supporting USDC, USDP, and TUSD on Sept. 26 to “enhance liquidity and capital efficiency.” According to the announcement, the exchange will continue to support withdrawals of USDC, USDP, and TUSD until Sept. 23 and de-list these currencies and their spot market pairs at 06:30 AM…

Crypto trader exploits GMX, manipulates AVAX price to remove $565K

A crypto trader on GMX exchange leveraged the zero slippage feature to extract over $565,000 in profit by manipulating the price of the AVAX token. GMX is a decentralized exchange that allows users to execute trades at zero slippage. Traders on the platform are able to execute trades at the same price it was initiated….

CryptoSlate Daily wMarket Update – Sept. 9 to Sept. 11

Since September 9, the total cryptocurrency market cap saw net inflows totaling $73.4 billion to climb back above the psychological $1 trillion mark once again. As of press time, it stood at $1.055 trillion, up 7.5% over the weekend. Bitcoin’s market cap grew 12% over the reporting period to $415.8 billion from $370.14 billion. Meanwhile,…

Op-ed: Zoom out – Suicide Prevention Day

The following content contains references to suicide. Today, Sept. 10, is international suicide prevention day. Each year over 700,000 people per year die from suicide around the world. The official number of how many are crypto or trading related is unknown. However, there are over 120,000 news stories on Google News of cryptocurrency-related suicides, with…

Research: Bitcoin Risk Signal suggests further downside in coming weeks

Bitcoin has rallied back to retest the $21,000 resistance but the Bitcoin Risk Signal, provided by Glassnode and Swissblock technologies, hit a yearly high on Sept. 5 and is still at 87 out of 100 following today’s pump. Source: Glassnode The Bitcoin risk signal gauges the amount of risk of a significant drawdown in Bitcoin…