Month: August 2022

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

boss

On-chain data shows the Bitcoin funding rates have remained at positive values recently as the crypto’s price has continued its recovery. Bitcoin Funding Rates Have Been Mostly Positive During The Past Month As pointed out by an analyst in a CryptoQuant post, the BTC funding rates have been green recently, but not as positive as back between July 18th to 22nd yet. The “funding rate” is an indicator that measures the periodic fee that perpetual futures contract traders are paying each other. When the value of this metric is greater…

US Fed Opens Pathway for Crypto Banks to Tap Central Banking System

Monday’s announcement would seemingly move the U.S. central bank one step closer to possibly allowing Wyoming trust companies, like Custodia and Kraken Bank, access to these accounts. The Fed first proposed guidance last year, opening up a request-for-comment process. Nearly 300 respondents filed comments, leading to a second public feedback process earlier this year. Source BankingBanksCentralCryptoFedOpenspathwaySystemTap CryptoX Portal

Binance Receives Approval In-Principle to Operate in Kazakhstan

boss

The biggest cryptocurrency exchange has received a regulatory license to operate as a digital asset service provider in France, Bahrain, Spain, and Dubai since 2022. The Astana Financial Services Authority, or AFSA, an independent financial services regulator in Kazakhstan, has allowed the country’s largest cryptocurrency exchange, Binance, to operate. AFSA announced Monday that it had granted Binance in-principle authorization to operate as a digital asset trading facility and provide custody services in the Astana International Financial Centre, a financial hub in Nur-capital Sultan’s city. Binance stated in a Monday blog…

Blockstream CEO details partnership with Tesla for solar-powered bitcoin mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Blockstream #blockchain #crypto Blockstream CEO Adam Back joins Yahoo Finance Live to discuss mining bitcoin using renewable energy sources, the company’s new partnership with Tesla, and the outlook for the crypto market. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance…

S&P Global Knocks Down Coinbase Credit Rating After Exchange Posts $1.1 Billion Net Loss in Q2: Report

boss

Ratings agency S&P Global has reportedly knocked down the credit rating of Coinbase (COIN) after the crypto exchange revealed its financials for the second quarter of this year. According to Seeking Alpha, the S&P downgraded Coinbase’s credit rating largely due to its weak performance from April to June 2022. In a letter to shareholders last week, Coinbase revealed that it suffered a net loss of $1.1 billion during the period, which includes non-cash impairment charges that the company suffered when the value of its crypto and venture investments dropped. As…

Exit stage left — Eqonex to close crypto exchange after two years

boss

Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations. In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22 while users will be allowed to withdraw funds until Sept. 14. The firm said the closure was part of an effort to streamline operations that focused on offering “the most potential for revenue growth and long-term financial sustainability,” which included its asset management and custody services at Digivault. “Closing the…

Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash – Bitcoin News

boss

Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 hours, the top privacy coins by market capitalization today are around $6.44 billion, down 3% from the day prior. While the Top Privacy Coins Have Seen Some Recovery, Most Took a Market Beating Last Week…

Crypto Funds See Minor Outflows, Ending Six-Week Inflows Streak: CoinShares

“It is difficult to discern if this is a meaningful change in sentiment given its small size, although minor outflows were seen across a broad set of providers,” James Butterfill, CoinShares’ investment strategist, wrote in the report. “It also comes at a time of low trading volume and a recovery in prices, suggesting there could be an element of minor profit-taking.” Source

Why Solana Could Poised For A 40% Price Move To The Upside

boss

Solana has been one of the best-performing assets in the crypto 10 top by market pairing Ethereum’s wins during the weekend. The cryptocurrency has persevered some of its past week’s gains but records some hurdles over the past 24 hours. At the time of writing, Solana (SOL) trades at $44.5 with 1% losses over the past day and 10% profits in the past 7 days. In this timeframe, only Ethereum (13% profits) and Dogecoin (13% profits) record better performance. SOL’s price moving sideways on the 4-hour chart. Source: SOLUSDT Tradingview…

Crypto News Today | Why Crypto Market Going Down Today | Cryptocurrency News Hindi

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News Today | Why Crypto Market Going Down Today | Cryptocurrency News Hindi Join Telegram Channel For Daily Updates👇 Twitter👇 Join this channel to get access to perks: Topics Covered: crypto market crash today crypto market update Bitcoin Update Bitcoin News Today Bitcoin Price Prediction when crypto market will go up cryptocurrency bill india update bitcoin next move latest cryptocurrency news bitcoin dump wrx coin news today Crypto News Today cryptocurrency ban in india latest news is cryptocurrency legal in india…