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Day: September 5, 2022
Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service
Just yesterday, the mining pool admitted to liquidity issues. Source
Bitcoin Whales Sold August Rally, Will BTC Price Trend Lower?
Bitcoin is trending sideways into the long U.S. weekend with the price of BTC compressing around $19,500 and $20,500. The support around the lower zone of this range might be tested as the number one cryptocurrency struggles to preserve its current levels. At the time of writing, Bitcoin (BTC) trades at $19,900 with a 1.4% profit over the past 7 days and sideways price action in the last 24 hours. BTC’s price is heavily underperforming other cryptocurrencies as Ethereum (11%), Cardano (14%), and Polkadot (10%), recorded significant profits over the…
Aquis Exchange Launches EU-Wide Dark Trading Venue
Aquis Exchange, operator of the world’s only subscription-based trading venues, on Monday launched the EU Aquis Matching Pool (APM). Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. APM EU is an off-exhange venue that offers dark trading services to countries that comprises the European Union (EU). Dark trading is the trading of shares or stocks in anonymised ‘dark pools’ or private exchanges where prices are only disclosed after the trading deals have…
AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen
Avalanche (AVAX) has been leading a couple of prominent DeFi projects including Platypus. Platypus is a DeFi project built on the AVAX ecosystem that won the prestigious Avalanche X Grant. This DeFi protocol aims to provide a user-friendly and scalable stableSwap platform. More so, its dream is to create an Automated Market Maker (AMM) right on top of Avalanche that boasts of open liquidity and maximized efficiency in terms of capital. Additional assets can be integrated into the liquidity pool that can greatly enhance simplicity, ease of use, and flexibility.…
Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge – Mining Bitcoin News
Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network during the last few days. Ethereum Classic’s Hashrate Runs Hot Skyrocketing Toward 50 Terahash The sibling blockchain of Ethereum, known as Ethereum Classic, has been reaping the benefits of Ethereum’s…
Celsius is ready to give money back, but not much
United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch — as the company has filed a motion with the United States Bankruptcy Court, its pledge would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less in value. The community response to the motion has been mixed, with some creditors happy to get back at least some of the frozen funds, while…
Crypto Exchange Binances Hires Former Brazilian Central Bank President as Adviser
Henrique Meirelles also served as economy minister between 2016 and 2018. Source
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
The U.K. Treasury, the government’s finance arm, wants crypto exchanges and wallet providers operating in the country to report suspected sanctions breaches to authorities, updated guidance shows. Source AccountsBreachesCryptoFirmsFreezeReportSanctions CryptoX Portal
Line Goes Up – The Problem With NFTs
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If someone pitches you on a “great” Web3 project, ask them if it requires buying or selling crypto to do what they say it does. Sources and Further Reading Written and performed by Dan Olson Crowdfunding: Twitter: 00:00:00 Preface 00:01:12 0. In 2008 The Economy Collapsed 00:07:09 1. Bitcoin 00:18:18 2. Ethereum 00:24:34 3. The Machine 00:39:07 4. NFTs Exist To Get You To Buy Crypto 00:57:54 5. The Unbearable Cringe Of Crypto 01:11:46 6. A Self-Organizing High Control Group 01:16:57 7.…