Crypto news

INTERNET CITY, DUBAI, Jan 6, 2023 – LBank Exchange, a global digital asset trading platform, will list Jencoin (JEN) on January 11, 2023. For all users of LBank Exchange, the JEN/USDT trading pair will be officially available for trading at 12:00 UTC on January 11, 2023. Built on BSC, Jencoin (JEN) aims to create a decentralized platform where users can transfer money using its currency. Its native token JEN will be listed on LBank Exchange at 12:00 UTC on January 11,...

EOS price started a fresh increase above the $0.92 resistance against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours). There was a break above a key rising channel with resistance near $0.955 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.99 and $1.00 resistance levels. EOS price is rising above $0.92 against the US Dollar, similar to bitcoin. The...

Litecoin started a strong increase above $70 against the US Dollar. LTC price is now trading above $80 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $82.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $78. Litecoin price is rising steadily above $75 against the US Dollar, similar to bitcoin. LTC price could continue...

GenTwo Digital, die in Zug ansässige Tochtergesellschaft von GenTwo, gibt heute eine Partnerschaft mit Coinbase, der börsennotierten Kryptowährungsplattform, bekannt. GenTwo Digital, der führende Anbieter von innovativen Verbriefungsplattformen, erweitert damit das Anlageuniversum auf digitale Assets für professionelle Investoren. Damit können alle Krypto Assets von Coinbase in bankfähige Finanzanlageprodukte verpackt werden und ermöglichen Finanzintermediären die Ausgabe innovativer...

Thailand’s Securities and Exchange Commission (SEC) has reportedly launched an investigation against the distressed cryptocurrency platform Zipmex. The watchdog will inspect whether the latter breached some domestic rules when offering digital asset services and products. More Problems for Zipmex According to a Bloomberg coverage, the top financial regulator of Thailand will probe the bankrupt Zipmex for violating local laws and running a “digital-asset fund manager without...

Binance US’ plan to acquire some of Voyager Digital’s assets for $1.02 billion is one step closer as the bankrupt crypto lender received initial court approval for its proposal. The United States District Judge Michael Wiles of the bankruptcy court for the Southern District of New York on January 10th approved Voyager to work out a purchase agreement with the crypto exchange and to solicit creditor votes on the sale. Uncertainty of the Deal According to the Reuters report,...

Dutch crypto exchange Bitvavo claimed to have received an offer from Digital Currency Group (DCG) on January 9th to repay 70% of its debt within an acceptable period. However, the company refused the offer citing that the crypto conglomerate has sufficient funds available for full repayment. The development comes days after the trading platform revealed it is actively engaged in conversations with DCG to recover the resulting debt along with other creditors and advisors. The...

Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published by CoinGabbar, a third-party platform that tracks crypto assets, WazirX also made its wallet addresses, and list of exchanges available to the public. At press time, the Indian company had over $283 million of total user assets in the form of stablecoin USDT. Proof-of-Reserves WazirX, in a statement, highlighted that...

Crypto proponent and CEO of Galaxy Digital, Mike Novogratz, commented on the fiasco between two industry participants – Digital Currency Group (DCG) and Gemini – and how it will affect the entire market. The American investor noted that although the issue “isn’t good news” for the industry, it won’t involve massive selling that will affect crypto prices as it plays out over the next quarter. The DCG-Gemini Fiasco Recall that the DCG debacle started in the wake of FTX’s...

Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is breaking above the key $1300 resistance level after finally surpassing the 50-day moving average. In case of a bullish breakout, the 200-day moving average found at...