Crypto market leader Bitcoin puts in a strong performance this weekend, taking it above $50,000 for the first time since May 15. Back then, the $50,000 price level came at a time when BTC was on the way down, with Elon Musk’s environmental concerns kicking off that gloomy period. Fast forward to now and Bitcoin’s…
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the…
Bitcoin pumped above $50,000 last night as the broader crypto market regained a $2 trillion valuation, data from multiple sources showed. Such figures were last seen in May earlier this year before a brief two-month correction across the market. Some altcoins even fell as much as -85% from their May highs, but have since crept…
Talk about non-fungible tokens (NFTs) and the term ‘CryptoPunks’ is sure to pop up. For those out of the loop, these are a collection of 10,000 pixelated ‘punk’ faces—each of them unique, each of them with a different characteristic—that have been making the rounds in art circles since the past year. Say hi to the…
Crypto transactions accounted for more than 41% of Robinhood’s total revenue in the second quarter, compared to 17% for the first three months of 2021, revealed the investing platform’s first earnings report since its recent stock market debut. Crypto accounted for $233 million, roughly 51%, of Robinhood’s $451 million transaction-based revenue that increased 141% in…
Within days after the GameStop WallStreetBets explosion, a Covesting user took the creator of Bitcoin’s namesake and combined it with the booming trend. The results of the Strategy they created on PrimeXBT’s Covesting Copy Trading Module also mimicked the life-changing wealth that was generated for just about everyone involved. During that time, not only did…
The US-based crypto exchange made public its long-awaited S-1 filings. Here’s everything you need to know. Inside the Coinbase filing The Initial Public Offering (IPO) filing of Coinbase, the remote-first crypto exchange that caters to millions of users daily, to the US Securities and Exchange Commission (SEC) was made public today. The exchange has long-wished…
On Monday, the price of Ethereum (ETH) briefly dropped by over 50%—from around $1,600 to $700—on crypto exchange Kraken, prompting numerous debates on whether this was some kind of technical malfunction. However, the dip wasn’t an error and could have been caused by a whale trader, the platform’s CEO Jesse Powell told Bloomberg today. “We’re…
Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank. The largest amount of collateral was liquidated on DeFi platform Compound ($13.7 million), followed by Aave with $5.4 million. Previously, the…
The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday’s volume of $40M. Meanwhile, open interest has increased…