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Showing posts with the label cryptocurrency news

Binance Market Share Plummets As Regulatory Crackdown, Lawsuits Slash Business

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Binance is hemorrhaging market share as lawsuits and regulatory crackdowns undermine its ability to retain and attract business, according to research by The Block. The world’s largest cryptocurrency exchange’s  market share among exchanges that do not support USD has decreased from 74% in December 2022 to 50% this month, according to data compiled by The Block. Binance's marketshare continues to decline amid rally https://t.co/RpWMXBjn00 — The Block (@TheBlock__) October 28, 2023 Binance’s market share has fallen even after the crypto market experienced one of the most bullish fortnights since March 2022. The “pullback among traders from Binance was particularly evident on October 23,” The Block said, when Bitcoin soared 14% to trade above $34,000 while the exchange’s market share “virtually dropped to zero.” Source : The Block Data In contrast, other exchanges have seen their market shares increasing. Upbit’s ma...

IOST partners with HAVAH

IOST partners with HAVAH and is thrilled to announce its new role as a validator within the esteemed HIIP (HAVAH Interchain Infra Partners) of HAVAH, the Next Generation Interchain Platform. At HAVAH, users can seamlessly bring their Non-Fungible Tokens (NFTs) from different chains into its ecosystem using the interchain bridge. This integration opens up a world of possibilities for users. Offers a handful of benefits such as showcasing and exploring their NFT collections, leveraging NFTs in DApps, and actively participating in the flourishing HAVAH ecosystem. With HAVAH’s mission of establishing a dynamic playground for NFTs, they are diligently working on key tasks including setting up the mainnet, refining the interchain NFT transmission protocol, and introducing innovative DApps. The future of NFTs in the metaverse is boundless with HAVAH, and they invite you to unleash your NFTs and embrace the infinite possibilities of the Metaverse. In line with their shared vision for blockchai...

Base ecosystem expands by 97.21% as TVL surpasses that of Solana

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Base’ has outpaced established networks like Solana proving its growing prominence in the DeFi landscape. Base’s remarkable rise is driven by projects like Aerodrome Finance and Friend.tech. Base has also enjoyed an impressive increase in transaction volume. Coinbase ’s layer 2 network, Base, has witnessed an astounding surge in its Total Value Locked (TVL), hitting approximately $397.32 million within just a month and a half since its August launch. This meteoric rise has propelled Base ahead of Solana, whose TVL currently stands at $358.96 million. In the past 30 days alone, Base’s TVL surged by a staggering 97.21%, as evident on DeFiLlama, while Solana experienced a 9.64% decrease in TVL during the same period. Interestingly, the surge comes even after Base suffered an outage at the beginning of September. Screenshot from DefiLlama Blockchain projects launched on Base Within Base’s TVL, two native projects have played a piv...

Breaking: crypto exchange Remitano hacked for over $2.7 million

A suspicious transaction involving $2.7 million was flagged at Remitano. Tether has frozen an address believed to be associated with the attacker. The transaction was flagged by Cyvers Alerts, a platform that offers real-time security alerts. Some suspicious activities have been reported on Remitano, a crypto currency exchange platform headquartered in Seychelles. Notably, the platform witnessed substantial withdrawals on September 14, with a single account draining over $2.7 million worth of crypto currencies from its wallet. Tether has taken action by freezing an address believed to be associated with the attacker, potentially safeguarding $1.4 million in customers’ cryptocurrency assets. What is happening at Remitano? Around 12:45 p.m. on September 14th, a Remitano hot wallet, allegedly only known to the platform, initiated transfers to an address lacking any prior transaction history. This transfer comprised approximately $1.4 million worth of...

CoinFLEX Initiates $84 Million Arbitration Along With Limited Withdrawals

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CoinFLEX, a platform for cryptocurrency investments, is pressing forward with its goal to retrieve $84 million in money by initiating arbitration proceedings against an individual account holder in Hong Kong. In their announcement made on Saturday, co-founders Sudhu Arumugam and Mark Lamb admitted that the ruling would enable access to the individual’s assets located anywhere in the globe, and that their attorneys were quite sure that they could enforce the award. Buy the Dip Now Your capital is at risk. Taking a Step in the Right Direction The team at CoinFLEX has started the arbitration process at HKIAC in order to collect these 84 million dollars since the individual in question was under a legal responsibility to pay according to the agreement but had refused to do so. The company, on the other hand, pointed out that the procedure in Hong Kong may take up to a year to complete. After then, the company will be able to enforce that judgment against all of his asset...

Crypto Assets Record Outflows For A Fourth Week On Regulatory Woes, Strong Dollar

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Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry was hit by out flows for a fourth consecutive week amid pessimism over regulatory woes and a strong dollar, CoinShares said. Out flows reached $59 million last week, bringing total out flows over the four-week period to $294 million, representing 0.9% of total assets under management, according to CoinShares’ latest Digital Asset Fund Flows Weekly Report. Crypto Outflows Show Negative Sentiment Among Institutions Bitcoin suffered the most out flows of $69 million last week. Investors anticipate BTC’s price to drop further as short-Bitcoin in flows hit $15 million. It was the largest single week of in flows since March 2023. In flows were reported in short investment products, indicating negative sentiment towards digital assets. Trading volumes also plunged by 73% compared to the previous week to $754 million. Ethereum’s outflows during the week totaled $4.8 mi...

JUP Apes NFT Collection Launches On ARC NFT Marketplace

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Jupiter Project, an open-source software firm making blockchain accessible to everyone, has successfully launched its non -fungible token (NFTs) collection on ARC’s new NFT marketplace. In a July 25 press release, Jupiter Project confirmed the successful launch of its non -fungible token (NFT) collection dubbed “JUP Apes” on the recently launched ARC($ARC) NFT marketplace. Jupiter has teamed up with ARC blockchain to launch the NFT project. JUP Apes NFTs Explained The joint team will launch a series of NFT collections and giveaways, including 1,000,000 JUP, the utility and governance token for the Jupiter project, JUP Apes, Astro Punks, and Electric Fractal Timber Art. The NFT project will feature a limited edition of 900 JUP Apes on the ARK NFT marketplace. JUP Apes will be the official NFTs minted on the Jupiter Blockchain. These NFTs will give holders rights to control the governance of the JUP Ape project. While commenting about the NFT project, Steven G...

Curve Price Analysis for 31th of August: CRV/USD Is Ready to Break the $1.200000 Resistance Level

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Join Our Telegram channel to stay up to date on breaking news coverage At the resistance level of $0.088009 , there is a very significant candlestick pattern that formed to mark the end of the downtrend and also the beginning of an uptrend for CRV/USD. This candlestick pattern is known as a bullish engulfing candlestick pattern . And this pattern formed between the 28th and the 29th of August. The market actions of the following day (the 30th) were, as expected, bullish, but later, the sellers took control of the market. However, later in the day, buyers regained strength, but they were not able to take control of yesterday’s market. In today&rsquo ;s market, buyers are in control and they are driving the price towards the $1.20000 resistance level .   Curve Market Price Statistic: CRV/USD price now: $1.160314 CRV/USD market cap: $   606,584,620 CRV/USD circulating supply:   525,358,965.42 CRV/USD total supply: 1,812,612,400 CRV/USD coin market...

LBLOCK’s Bridge and Burn Program Drives Price Up

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Join Our Telegram channel to stay up to date on breaking news coverage In the past few days, there has been a consistent increase in the price of Lucky Block as investors take up positions for the biggest online contests platform on the market. After a number of important announcements made by CEO Scott Ryder have made their way across the space, the price of LBLOCK V2 has surged to around $0.0008, having been priced at $0.0005 just a few days before. This is a gain of approximately 60%. LBLOCK Is Going To Add 1% More To the Monthly Burn One of the most successful cryptocurrencies currently available, LBLOCK, will soon transform into a deflationary asset, as Ryder announced earlier this month. Beginning on September 30, 1% of the total supply of LBLOCK will be destroyed as part of the project on a monthly basis. This practice will begin. Ryder acknowledged that there has been a great deal of doubt around the project in a statement that he made available to holders on Telegra...

UNUS SED LEO May Be Experiencing a Minor Pullback, Excitement Trails Tamadoge Listing on OKX

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Join Our Telegram channel to stay up to date on breaking news coverage LEO/USD maintains a strong bearish market. Even recently the resulting price of the last candles appears very close to the lower limits as it moves towards the downside. At this point, traders need to know what could be expected next from this market. LEO Speculation Statistics Data: UNUS SED LEO’s current price : is $4.1420 UNUS SED LEO’S market cap : $3.90 billion LEO’s circulating supply : 953.95 million UNUS SED LEOs total supply: 985.24 million LEOs Coinmarketcap ranking: #22 Important Value Marks: Top Levels: $4.1420, $4.2216, $4.300 Bottom Levels: $4.1200, $4.1100, $4.0000 UNUS SED LEO Price Increase Looks Unlikely, Excitement Trails Tamadoge Listing on OKX Price candles on the LEO/USD  chart look stuck to the lower limit of the Bollinger indicator. And, this makes it look unready for a tangible price move. Here the lower band of the Bollinger band has been so much pu...

Double Protocol partners with Dinoland

Double Protocol partners with Dinoland a 3D metaverse NFT play-to-earn game which is packed full of content to entertain gamers. Double Protocol and Dinoland will collaborate to deploy and integrate NFT rental infrastructures for Dinoland NFTs. The community will be able to rent, lend and sublease the 4 Classes of Dino NFT characters on the Double Protocol NFT rental marketplace. This will lower the barrier to entry in the Dinoland ecosystem as renters will also be able to gain usage rights to Dino NFTs in order to unlock the amazing benefits, and the utilities it delivers. NFT Rental has proven to be a cost-effective way to benefit from some of the NFT’s products without having to pay hundreds or thousands of dollars to acquire them, such benefits include access to exclusive content for members. Double Protocol further simplifies this process by powering a collateral-less NFT renting. Double Protocol and Dinoland will jointly work closely in the coming week to complete the NFT rental ...