The central bank of Russia (Centrobank) is reportedly seeking to bar the country’s residents from buying Bitcoin and other cryptocurrencies, two anonymous financial market sources revealed to Reuters today. Per the report, Centrobank is concerned about potential risks to the country’s financial stability that “the rising number of crypto transactions” could present. Currently, cryptocurrencies are…
There is no denying the fact that the crypto industry is currently bleeding as the market cap of the industry which recently touched a high of over $3 trillion is now barely above the $2 trillion mark. This has had a ripple effect on the market and addresses holding a number of certain digital assets…
Binance Singapore, a subsidiary of global crypto exchange Binance in the city-state, has withdrawn its application for a crypto trading permit with the Monetary Authority of Singapore (MAS) and will shut down its operations on February 13, 2022. “We always put our users first, so our decision to close Binance.sg was not taken lightly. Our…
With the year coming to an end in the next 22 days, the chance of Bitcoin meeting its $100k target is getting slimmer with each passing day especially as the coin recently witnessed a price correction that took it below the $50k level again. As it stands, it appears experts are beginning to give up…
Social trading platform Enso Finance has announced a month-long “vampire attack” on six decentralized finance (DeFi) index projects in a bid to siphon their combined liquidity of nearly $1 billion. “Liquidity is the fuel that powers DeFi and it is the essence of Enso’s platform,” noted Enso co-founder Connor Howe. “We want to show the…
Quadency, a New York-based technology startup, announced the complete overhaul of its cryptocurrency trading and strategy automation platform. The platform was redesigned from the ground up to enable users to access digital assets across both centralized and decentralized exchanges, all through a single account. Quadency targets novice users with a revamped platform As part of…
Binance Smart Chain (BSC) has finally activated its BEP-95 upgrade which would lead to the phase out of the old manual burning method to an automatic burning mechanism. Though the burning mechanism shares a few similar features with that of Ethereum’s EIP-1559, there are quite a number of differences in both burning methods. Binance’s BEP-95…
Shiba Inu hit a two-week high on Tuesday, of $0.00005463, before profit-taking gave up most of the gains to close the day at $0.00004729. Source: SHIBUSDT on TradingView.com Following an incredible October, in which $SHIB peaked at+ 1,140% on October 28, it’s been downhill for the Dogecoin rival since. $0.00003807 marks a critical level of…
The team behind Floki Inu would leave no stone unturned in their bid to make sure that the meme coin and the crypto industry entirely is registered in the consciousness of the people of the world. Their latest marketing effort would see the Elon Musk’s Shiba Inu dog-inspired project being promoted on the tallest building…
Blockchain project Terra and its native token LUNA have quickly moved from the sidelines to the forefront of DeFi. With over $1.9 billion in TVL, it’s the fifth largest blockchain project, trailing closely behind Avalanche. With several major fundamental developments underway, LUNA saw its price increase by over 50% in the past week, with industry…