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2022-08-23 09:17:21 Crypto Publisher pinned a photo Open / Comment

2022-08-23 09:17:18 Bybit's Deposit Campaign for New Users — Up to $4,000 in Rewards

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2022-08-23 07:56:02 US, Ukraine, and UK lead in overall use of crypto globally, new study reveals

As the cryptocurrency sector grows, digital assets are being utilized for various purposes such as payments and investment. However, the use of cryptocurrencies for such functions significantly varies by country, depending on factors like regulations. New research indicates that out of a number of countries around the world.

In particular, the score factored in the number of crypto owners in a country, the global decentralized finance (DeFi) adoption index, the number of businesses that allow crypto payments, the number of Bitcoin (BTC) ATMs, and the monthly search volume of cryptocurrency terms. Additionally, among the top ten countries with an overall crypto use, Ukraine ranks top based on percentage of population that own digital assets at 12.73%. Such countries face economic challenges characterized by local currency.

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2022-08-22 06:58:02 Research: On-chain Bitcoin metrics suggest the bottom is not in

Legacy finance defines a bear market as a period of prolonged price decline in which the asset price drops by 20% or more from recent highs. There is no standardized definition of a crypto bear market. But given that digital assets are much more volatile, it’s argued that the percentage drop, by which a crypto bear market is determined, should be -40%, perhaps -60%.

Nonetheless, with the market down roughly 74% from its peak over ten months, there is no doubt the crypto bear is here for Bitcoin. On June 18, BTC posted a local bottom of $17,700, marking a closing price below the previous cycle peak for the first time in its history. Some analysts called this the market cycle bottom. However, analysis of several on-chain metrics suggests otherwise. The percentage of Bitcoin addresses in profit refers to the proportion of unique addresses whose funds.

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2022-08-21 07:31:02 Ethereum is under attack as U.S. sanctions apply at a protocol level

The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level.

Crypto analyst, Takens Theorem, discovered that Ethermine has stopped processing Tornado Cash transactions and presented the chart below. CryptoSlate reviewed on-chain data and confirmed that Ethermine had not produced a block that included a Tornado Cash transaction during the timeframe shown below. A review of the most recent Tornado Cash Router transactions showed that it was dominated by Hiveon, P2Pool, 2Miners, and others.

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2022-08-20 08:05:02 Tether Reveals 58% Decrease in Commercial Paper Holdings in Latest Attestation

Tether, the issuer of the industry’s largest stablecoin USDT, today published its latest quarterly attestation report for the token’ reserves. The USDT stablecoin is reportedly backed by the U.S. dollar, meaning that holders are expected to be able to redeem their holdings to an equal amount of the greenback at any time—provided the company has enough cash reserves to do that.

With a market capitalization of $67.5 billion, USDT is also the third-largest cryptocurrency behind Bitcoin and Ethereum only, and with so much at stake it’s little wonder Tether’s reserves have been under constant scrutiny. Today’s independent report, completed by Tether’s new auditing firm BDO Italia, breaks down the assets held by the company as of June 30, 2022, and asserts that consolidated total assets amounted to at least $ 66,409,619,424. Tether stressed.

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2022-08-19 08:27:02 Chiliz (CHZ) leads top 100 pack in the last week as crypto market turns red

Despite most cryptocurrencies returning into a bearish zone, some are actually doing the opposite, led by the newcomer to the market – Chiliz (CHZ), which has seen a significant price increase both on the day and across the previous week. As it happens, in the last seven days, the price of the Chiliz token has climbed by 46.59%, placing it at the very top of the 100 assets.

At the same time, the token’s daily chart is showing an increase of 6.98%, currently trading at $0.2231 and placing Chiliz in second place in terms of daily advances, right after Celsius (CEL), which has grown 17.87% in the past 24 hours. Notably, Chiliz is a digital currency used for sports and entertainment, created by the eponymous fintech provider headquartered in Malta that runs the blockchain-based sports entertainment and fan engagement platform Socios.

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2022-08-18 13:35:11 Let's meet the international #fintech ZEN.com! It will accept and convert digital assets to fiat upon receipt. Currently, the service supports Bitcoin (including instant transfers and top-ups), Ethereum, and USD-T, as well as Litecoin (only transfers from fiat account to an exchange or a wallet). Convert also digital assets to EUR or other currencies and spend funds conveniently with your Mastercard. One of the attractive features of the service is its competitive pricing. Top-ups, meaning sending the assets from an exchange or a digital wallet to an EUR currency account at ZEN.COM incurs a fee of 0.5% (Platinum plan) or 0.9% (Gold plan). This is a no-brainer. ccess to Gold plan costs EUR 0,99 monthly, while Platinum is just EUR 4,99 monthly.
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2022-08-18 07:36:02 NY Judge Allows Celsius to Sell the Bitcoin it Mines

Celsius Network’s financial projection shows that it is likely to run out of cash by October, but the lending firm witnessed a breakthrough. A New York judge has approved Celsius’ request to sell Bitcoin that it mines as it undergoes bankruptcy. While the process is expected to reinstate financial stability for the beleaguered platform.

On the second day of the hearing, the Judge, nevertheless, said he would respect Celsius’ business decision and allow it to proceed. The crypto lender, on multiple occasions, had reaffirmed that Bitcoin mining remains one of the crucial focus areas in its restructuring process. However, the latest approval is limited to mining and selling the mined BTC. As such, the court has prohibited Celsius from selling equity or debt investments in other crypto firms and required the crypto lender to reveal relevant data about the assets in advance.

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2022-08-17 08:57:02 Celsius CEO’s alleged trading decisions led to bankruptcy

Following the U.S. Federal Reserve’s January 2022 meeting, Celsius CEO Alex Mashinsky allegedly stepped in to lead the firm’s trading strategy. In anticipation of a hawkish outcome and his conviction that crypto prices would crash, he ordered the trading team to sell hundreds of millions of dollars worth of Bitcoin.

The outcome of Mashinsky’s decision was that Celsius had to buy back the bitcoin a day later — recording $50 million in a loss. His trading decisions were allegedly based on his knowledge and intuition, with no outside expert guidance. Complications from Mashinsky’s trading decisions, mismanagement of $2 billion, and weak systems for tracking assets resulted in Celsius filing for bankruptcy in July. At the time, Mashinsky claimed that Celsius’ assets had grown faster than its ability to invest, making “certain poor asset deployment decisions.”

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