The amount of Ether (ETH) on cryptocurrency exchanges has dropped to its lowest since May 2018, with 10.66 million coins currently situated on centralized platforms. On the contrary, 115.88M ETH is now outside of exchanges, an all-time high. On October 4, 110,000 ETH (worth over $180 million) moved off of exchanges, suggesting reduced selling pressure […]
Kraken, one of the world’s oldest crypto exchanges, is expanding its presence in Europe by acquiring Coin Meester B.V. (BCM), a Dutch crypto broker. The purchase will give Kraken a “sizable position in the Dutch market” and benefit the broker’s clients. BCM supports over 170 digital assets and is one of the oldest brokers in […]
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission (SEC) after the regulator sued him for failing to testify in its probe relating to his $44 billion Twitter purchase last October. Musk suggested that the SEC and the U.S. Department of Justice should be the ones probed instead. […]
Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. Ledger’s CEO and Chairman, Pascal Gauthier, highlighted the need to make difficult decisions in the face of prevailing market conditions. Gauthier acknowledged the impact of […]
Binance, the world’s largest cryptocurrency exchange, has announced plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. Additionally, the exchange will delist 19 trading pairs on October 6, all involving BUSD. This follows Binance’s earlier announcement to discontinue support for the stablecoin, BUSD, next year. […]
Ledger, a hardware wallet manufacturer, announced in a blog post on October 5 that it will lay off 12% of its staff due to macroeconomic headwinds. CEO Pascal Gauthier said that the company had prepared for the bear market in early 2022 and had raised significant capital in the first two quarters of 2023. Gauthier […]
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is in talks to raise $2 billion in fresh funding. This comes days after Amazon announced plans to […]
An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for Binance Coin (BNB). According to the report, Binance founder and CEO Changpeng Zhao declared the ICO a success, claiming it had raised $15 million […]
A hacker has managed to steal 234 Ether (ETH) worth approximately $385,000 in less than 24 hours by manipulating the SIM cards of four Friend.Tech users. The victims reported that the scammer was able to switch their SIM cards to an iPhone SE at the Apple store. Manifold Trading has warned that up to $20 […]
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
