Tag: cryptonews

Two well-known websites, CoinGecko and CoinMarketCap, were blocked in China

The Greater China Firewall has blocked CoinGecko and CoinMarketCap. The move comes two weeks after the People’s Bank of China outlawed almost all cryptocurrency activities. Theoretically, Chinese citizens can still use cryptocurrency services with a VPN. Popular cryptocurrency tracking websites such as CoinGecko and CoinMarketCap are currently inaccessible to users based in China.

$ 2 billion increase in Stable Coins holdings at cryptocurrency exchanges

The latest data from CryptoQuant, an analytics company in China, shows a $ 2 billion increase in the amount of Stablecoins in cryptocurrency exchanges. CryptoQuant CEO Ki Young Ju described the large volume of StableCoins in circulation as a positive sign for the crypto industry. He said most trading platforms allow users to buy cryptocurrencies…
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$400 million Ethereum was burned in the EIP-1559 update plan

More than $ 400 million of Ethereum has been burned so far with the implementation of the EIP-1559 network improvement project. By updating the tokens, this update eliminates the transaction fee and leaves nothing to the miners. Almost every 200 Ethereum ($ 643,000) are burned by the EIP-1559 every hour. It happened at 10 a.m.…
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Binance CEO resigns in US due to strategic differences

Brian Brooks, CEO of Binance Exchange in the United States, has resigned. He tweeted yesterday that his decision was due to strategic differences with other members of the team, adding that he had only been in office for four months. Prior to his appointment as the executive arm of Binance Exchange in the United States,…
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Axie Infinity Ethereum’s first NFT game with $ 1 billion in sales!

CryptoSlam site statistics show that Axie Infinity has sold more than $ 1 billion. The game is based on non-replaceable tokens (NFT) and runs on the Ethereum blockchain. At the time of writing, about $ 1,055,735 of Pokémon-inspired game tokens have been traded in 2.4 million transactions. The number of buyers, holders and daily active…
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Circle Company is on the way to becoming a commercial bank with full reserves

Circle, the creator of StableCoin USDC, has announced plans to become a full-fledged commercial bank. If approved, the digital currency bank will operate directly under the auspices of the US Treasury, the Federal Reserve, the Office of Currency Control and the Federal Deposit Insurance Corporation.

Crypto Market Signals Go Bearish But Long-Term Investors Still Accumulate

Many of the key crypto market indicators have turned bearish during the past few weeks, with the last month bringing historically large declines by most on-chain activity metrics, according to on-chain activity and digital asset flow data. That said, it’s still the new entrants who are selling, while the hodlers continue accumulating. James Butterfill, Investment…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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Bitcoin’s Drop on Biden’s Proposed Tax Hike Just Temporary, BCB CEO Says

“While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip,” Landsberg-Sadie told CoinDesk. Bitcoin (BTC) has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax increase on capital gains on those earning above $1 million. But the…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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