Crypto news

Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.” The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under...

Immunefi, a leading bug bounty platform for the cryptocurrency industry, has paid out a total of $65 million to white hat hackers since its founding in 2020. These ethical hackers search for vulnerabilities in smart contracts and blockchain projects and are rewarded for reporting them to Immunefi. This helps to secure users’ assets and prevent bad actors from stealing funds. Smart Contract Bugs Account for Majority of Paid Reports According to Immunefi, 58.3% of the paid...

Ethereum, the second largest cryptocurrency, is the home of smart contracts and decentralized applications (dApps), holding a major share of the total value locked in the sector. Ethereum’s dominance in the dApp market was up to 90% before other rival platforms were created. Nonetheless, Ethereum is still the undisputed king of dApps. Despite its high fees, the platform is still the first choice for different applications, ranging from finance, exchanges, and storage to...

Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why this matters: If the Investments and Securities Act, 2007 (Amendment) Bill passes, the Nigerian securities and exchange commission (SEC) will recognize cryptocurrencies and other digital assets as capital for investment. Babangida Ibrahim, Chairman of the House of Representatives Committee, shared in an...

Citron Research is betting big against cryptocurrencies. In particular, the company is focusing on Ethereum, which it claims is the best digital asset to short at the time of writing. Citron Research Is Pushing Ethereum Crypto has been treated rather unfairly throughout 2022. The year has arguably been the worst for the space, with several digital currency and blockchain firms filing bankruptcy and falling off the Earth’s grid. It’s a sad and ugly sight to see, and one...

TechFest IIT Bombay is Asia’s Largest technology festival where the world’s leading crypto influencers gather with key government delegates, media and other investors to assist the global blockchain and cryptocurrency communities. It is one of the most prestigious events of the global cryptocurrency and blockchain ecosystem. Furthermore, the festival combines young minds and blockchain enthusiasts in one place to provide knowledge about the industry to the community. The...

Bitcoin continues to print minor daily fluctuations as the price consolidates inside a tight range with low volatility. Currently, the price is testing a significant resistance area, and in case a rejection takes place – BTC is likely to retest lower-price areas. On the other hand, a breakout could lead to a mini-rally. Technical Analysis By Shayan The Daily Chart Bitcoin has failed to sustain above the 50-day and 100-day moving averages over the last few months. Most...

INTERNET CITY, DUBAI, Dec 22, 2022 – LBank Exchange, a global digital asset trading platform, will list DiDimCoin (DDC) on December 23, 2022. For all users of LBank Exchange, the DDC/USDT trading pair will be officially available for trading at 6:00 UTC on December 23, 2022. As a blockchain-based global social commerce platform, DiDim maximizes the true value of all users by introducing a platform that connects e-commerce, markets, exchanges, payments, and content. Its...

2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto players to fall like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi. Not one project, protocol, or institution exists that hasn’t felt the sting of contagion this year. Bitcoin futures volumes are hovering near multi-year lows owing to the tightening...

Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX. Genesis Global Is Stopping All Redemptions A spokesperson for Genesis Global is assuring followers that the move is only temporary. The stoppage is designed to help the company better understand what happened and protect itself from potential ripple effects following the...