Yet Bitcoin exchange trading volume has not declined. Bitcoin’s on-chain transfer volume grew considerably over the past month, ultimately hitting a 1-year high of 3.2 million BTC on September 9. At the same time, visible on-chain exchange activity has been dropping; only 3.6% or 115,000 BTC were transacted via trading platforms on the day. Bitcoin […]
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It is no secret that Binance’s vision of DeFi involves many centralized aspects. Following the launch of Binance’s Smart Chain, an Ethereum-compatible blockchain with a keen focus on decentralized finance, the exchange is now doubling down on its strategy to attract DeFi projects. At the company’s World of DeFi summit on Thursday, Binance’s CEO Changpeng […]
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The price of Bitcoin is showing stability above $10,000, and traders explain where BTC’s next big move is headed. The price of Bitcoin (BTC) has been ranging between $9,800 and $10,500 for nearly a week after a short fall from almost $12,100 seen on Sept. 1. As BTC struggles to show any distinctive price movement, […]
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The platform will allow investment in commercial real estate from as little as $5,000, and liquidity in the form of token-backed loans during the 12-month lockup period. Despite receiving hype as a potential killer-app for blockchain, tokenized real estate has in many ways failed to live up to its early promise. However, fintech startup Reinno […]
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A major crypto company is offering outs to its employees as the situation in Belarus grows more tense. Amid the ongoing political unrest in Belarus, some local cryptocurrency-related companies are reportedly setting up backup offices in neighboring countries. Currency.com, a Minsk-headquartered crypto trading company, is reportedly planning to open an office in Lithuania to provide […]
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Two big crypto companies enter Japan. Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market. The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered […]
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An NFT vault has emerged as the second-largest owner of virtual land in the crypto-powered game The Sandbox. The Whale non-fungible token vault has become the second-largest holder of virtual land in The Sandbox game — and its owner plans to become a virtual real estate developer. WHALE tokens represent fractional ownership in The Vault […]
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Six individuals associated with the multi-billion dollar PlusToken Ponzi scheme have been prosecuted by Chinese police. Six of the 109 individuals recent arrested by Chinese authorities in connection with the $5.8 billion crypto Ponzi PlusToken have been charged. The defendants Chen Shaofeng, Luu Jianghua, Lu Jianghua, Lu Qinghai, Jin Xinghai, Wang Yin, and Zhang Qin […]
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Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Africans are increasingly turning to cryptocurrencies as a means of exchange over local fiat currencies, according to a new report from blockchain analytics firm Chainalysis. Data from the firm shows […]
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SushiSwap’s wild ride continues as the platform officially becomes the largest DEX by liquidity. SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized […]
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