CryptoX – Cryptocurrency Analysis and News Portal Prosecutors in South Korea raided seven local exchanges including Bithumb and Upbit on Wednesday as it continues to prob the Terraform Labs implosion. Source The post Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report appeared first on CryptoX. CryptoX Portal
Day: July 20, 2022
Binance Coin Trading Volume Up 35% As BNB Spikes To $274
Binance Coin (BNB) is currently inching towards the $275 level. The bulls are expected to likewise push harder and selling pressure should go back to normal in the next 24 hours. Are we seeing a major rebound in the next couple of hours? The crypto market has been predominantly strong over the last 24 hours. Everything is looking green for the crypto space. The king of crypto, Bitcoin was up by 6.77%, Ethereum gained 6.2%, while other major altcoins are flourishing. BNB/USD has extreme volatility seen in the last 24…
Demand for widely used euro stablecoin is huge, says DeFi expert
The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion. Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, the U.S.-based company Circle announced that it will launch its own euro stablecoin, Euro Coin (EUROC), on the Ethereum…
BTC, ETH Both Hit Fresh 1-Month Highs, as Bullish Pressure Intensifies – Market Updates Bitcoin News
Bitcoin prices surged on hump day, as the token climbed towards the $24,000 level in today’s trading session. The move came as bullish pressure intensified, following several days of recent gains. Ethereum also remained higher, once again climbing above $1,600. Bitcoin Bitcoin (BTC) extended its recent gains on Wednesday, as prices rose towards the $24,000 level in today’s session. The world’s largest cryptocurrency surged to an intraday peak of $23,759.76 on hump day, which is its highest point since June 13. Wednesday’s fresh five-week high comes as price strength increased,…
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AI-Based Startup Optic Raises $11M to Put the ‘NF’ in NFTs
Founded in March, San Francisco-based Optic is developing an AI engine that processes the millions of new NFTs minted each day and compares the works to existing NFT collections. Optic looks for visually similarities, including flipped images, color changes or slight distortions or fuzziness. The monitoring tool informs marketplaces, brands or media companies about potential intellectual property violations. Source
Crypto Exchange Zipmex Suspends Withdrawals, Citing Market Volatility
“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” the exchange announced on Twitter. Source
The Sandbox Brings on Security Firm BrandShield to Prevent Rising NFT Fraud
“In the open metaverse, users should be able to enjoy their true digital ownership rights and have new ways to create, store and trade value while having fun rather than having to worry about online threats,” Sebastien Borget, chief operations officer of The Sandbox, said in an email. Source
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
The Bitcoin (BTC) bet has somewhat backfired for the small nation as the top cryptocurrency trade at a 70% discount from its top. At a time when the Latin American nation is struggling with its debt, Morgan Stanley has given a buy call for the battered Eurobonds. Simon Waever, the global head of emerging-market sovereign credit strategy at Morgan Stanley, told investors in a Tuesday note that El Salvador’s bonds are overly punished by the market conditions despite the country having better financial metrics than many of its peers, reported…
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