Crypto news

In an abrupt turn of events, peer-to-peer Bitcoin marketplace Paxful has closed its doors indefinitely after a number of internal conflicts and regulatory troubles were brought to light.  The company’s CEO Ray Youssef is now recommending that users of the marketplace migrate to other marketplaces like Noones. The End of Paxful Per a statement from Youssef on Tuesday, Paxful has suspended its marketplace, and he is “not sure if it will come back.” “This will probably come as a...

Reducing oil production means there will be a relative shortage in the supply of the product. The recent actions by some members of the Organization of Petroleum Exporting Countries (OPEC) and its allies tagged OPEC+ to cut oil production beginning in May can significantly stir a setback for most country’s Central Banks. With Saudi Arabia and its key allies including the United Arab Emirates and Kuwait set to cut production by more than 1 million barrels per day, Russia’s projected 500,000...

The second largest blockchain and digital currency conference – known as ETH Denver – occurred in early March of this year in the Centennial State, aka Colorado, at the National Western. ETH Denver Was a Major Hit Among the entrepreneurial speakers present at the event were “Vinny Crypto” and “Matt” with On Chain Records. In an interview, Vinny explained what he and his team sought to accomplish with their work. He said: We make physical records, and you have your NFC...

After a rocky end to 2022, Bitcoin finished the first quarter well in the green, recording an impressive 70% in gains. The core network activity depicted a bullish picture amidst the broader market recovery. According to data compiling the performance of the network and the asset in Q1, Bitcoin surpassed 800 million transactions for over $107 trillion cumulatively. This is a huge feat for a network in existence since 2008 only. Despite the bear market, active addresses on the...

Mark Yusko – the CIO of Morgan Creek Capital Management LLC – recently stated in an interview that he doesn’t understand Dogecoin, nor does he think it has any real utility or use case. In other words, it’s a completely valueless currency. Mark Yusko Doesn’t Think Much of Dogecoin Yusko has long been an outspoken critic of Dogecoin and several other forms of digital currency. Dogecoin is a meme-based currency that was created in 2013 by computer programmer Jackson...

Cash flow from Bitcoin to the Ethereum market has significantly contributed to today’s price bump according to Lewis Harland, Decentral Park Capital’s portfolio manager. After consolidating for the past two weeks, the Ethereum (ETH) market has begun gaining traction over Bitcoin (BTC) during the early New York trading session on Tuesday. According to the latest crypto market data, Ethereum’s price rallied to a 24-hour high of around $1,886, up over 3 percent during the day. With over $30...

Open exchange, or “OPNX,” the crypto exchange created by Su Zhu and Kyle Davies, the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital, launched on Tuesday, April 4. The platform’s launch will include a distribution of its native token called FLEX. OPNX CEO said users can trade spot and futures in a statement on Twitter. “We are here building OPNX because we want to help the industry,” xyz stated, adding, “Right now, there are over 20 million claimants...

[PRESS RELEASE – Victoria, Seychelles, April 4th, 2023] Wallet upgrade also includes first-of-its-kind independent ‘Emergency Escape’ 2/3 asset recovery feature OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today upgraded its OKX Wallet to become the first Web3 wallet to utilize leading-edge multi-party computation (MPC) technology in combination with its support of an industry-best 37 blockchains. In addition, the wallet...

[PRESS RELEASE – Lisbon, Portugal, April 4th, 2023] Guarda Wallet, a non-custodial crypto wallet, and Simplex by Nuvei, an industry-leading fiat-to-crypto on-ramp solution provider, have launched a promotional deal for zero-fee cryptocurrency purchases when paying with EUR. This means that European users can now buy BTC, ETH, and LTC at no additional charge. This joint promotion by Guarda Wallet and Simplex is available exclusively from 3 April to 9 April 2023. It applies...

The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. And shortly after the hack, Euler Finance offered the...