Crypto News

2022-09-07 07:39:01 Whales are depositing on Exchanges

"Just before the 5% drop of #Bitcoin, Exchange Whale Ratio was increasing."
― Read More Open / Comment

2022-09-06 06:36:47 Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD

The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove the specific crypto asset from the exchange.

"With effect from 2022-09-29 03:00 (UTC), users will trade with a consolidated BUSD balance on the Binance Platform that reflects their balances of these four stablecoins (BUSD, USDC, USDP and TUSD) post conversion. This will not affect users' choice of withdrawal: users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD denominated account balance," the company said. Open / Comment

2022-09-05 08:33:09 Germany agrees to spend $65 billion on an energy relief package to ease pressure on households as Russian gas supplies dwindle & energy bills soar.

Germany seeks EU rules to cap profit taking at energy firms. Open / Comment

2022-09-02 16:51:59 OpenSea Introduces Polygon Support on Seaport

The leading marketplace for non-fungible tokens, OpenSea, announced support for polygon on Seaport. NFT marketplace giant OpenSea announced support for the layer-2 blockchain Polygon on its new Web 3 protocol Seaport. The integration comes with an expanded list of features, including the ability for users to use Polygon’s MATIC as a payment option. Open / Comment

2022-09-01 09:51:58 JUST NOW: DC Attorney General sues MicroStrategy's Michael Saylor for tax fraud.

MicroStrategy is also being sued for conspiring to help him evade taxes he legally owes on hundreds of millions of dollars he’s earned while living in DC according the the DC Attorney General. Open / Comment

2022-08-30 19:14:41 $3.6 Billion Worth of Ethereum Got Burned Since the implementation of EIP-1559

Since the implementation of EIP-1559, billions worth of ETH have been removed from the market, helping the asset on its way up as an enormous selling volume could no longer reach the market. The amount of burned ETH coins exceeded 2.6 million, which is about $3.7 billion at the current price. If we measure the burned amount by the ATH, the value would be even higher, sitting at around $12 billion.

More importantly, the annual inflation rate of Ethereum tumbled by more than 50% pushing Ether closer to becoming a deflationary asset, meaning that the issuance of the coin will drop below the burn rate. With the Merge update, the total issuance of Ethereum will decrease by 90%, pushing the network's inflation to an extremely low level. With reducing issuance and the growth of adoption, demand for Ethereum will drive the price of the asset up more effectively. Open / Comment

2022-08-29 14:59:03 The correlation between inputs, withdrawals of BTC and its value has reached a peak

- BTC withdrawals from exchanges
- BTC entries to exchanges
- The price of BTC in USD

Inputs and withdrawals from exchanges have dropped very much, and have reached 2020 levels

This shows that interest in BTC and the whole cryptocurrency is rapidly decreasing. This is a good signal to find the bottom and start growing. Open / Comment

2022-08-28 19:27:34 Top 10 projects in terms of profit from IDO in 2022

Judging by the projects, X absolutely does not need a product or a cool idea. It's enough to take a ready-made idea (Step app, Amazy, Qmall) and pump it up with marketing.

Such are the realities, it is not surprising that the market is being "cleaned up" Open / Comment

2022-08-26 19:51:09 Fake NFT marketplace SudoRare stole $800,000 from users

Another Rug Pull (pulling the rug), if you have not heard such a concept before, then this means that the project was started as a scam. This time, SudoRare turned out to be such a project. Earlier this month, news of the arrival of the SudoRare platform began to spread. An obvious "fork" of two popular and unrelated NFT platforms, SudoSwap and LooksRare. Basically promising to provide lucrative rewards to those who wager $LOOKS, $WETH and $XMON on their platform. However, in a move that seemed inevitable to many Twitter users, SudoRare only waited 6 hours before siphoning off funds. Open / Comment