Crypto news

INTERNET CITY, DUBAI, Dec. 1, 2022 – LBank Exchange, a global digital asset trading platform, has listed CRYPTOLLS COIN (TOLLS) on December 1, 2022. For all users of LBank Exchange, the TOLLS/USDT trading pair is now officially available for trading. As a blockchain-based payment settlement project of commercial transaction, TOLLS creates a system that allows individuals without operators to easily make payments. Its native token CRYPTOLLS COIN (TOLLS) has been listed on LBank Exchange at...

INTERNET CITY, DUBAI, Dec. 1, 2022 – LBank Exchange, a global digital asset trading platform, has listed Gbrick Token (GBXT) on December 1, 2022. For all users of LBank Exchange, the GBXT/USDT trading pair is now officially available for trading. Based on fourth industry-related technologies such as AI, IoT, blockchain, and fintech, Gbrick has developed and serviced various platforms, including blockchain based messenger platform, blockchain based trade platform, blockchain based payment...

INTERNET CITY, DUBAI, Nov. 29, 2022 – LBank Exchange, a global digital asset trading platform, has listed iFortune Coin (IFC) on November 29, 2022. For all users of LBank Exchange, the IFC/USDT trading pair is now officially available for trading. Building a BNB blockchain-based ecosystem, iFortune serves as a strong foundation for a myriad of decentralized infrastructures, consisting of investment solutions including Fortune Machine, a mobile application where people can mine and stake....

Bitcoin cash price started a fresh decline from the $120 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $111 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $107 and $105 support levels. Bitcoin cash price is declining from the $120 zone against the US Dollar, unlike bitcoin. BCH/USD...

Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a crypto trading platform – Aurus Global – which is currently facing a “short-term liquidity issue” due to FTX insolvency. Aurus Misses Principle Payment Amount of $3M The algorithmic trading and market-making firm reportedly missed a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance...

The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road to irrelevance.” In the blog post, ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff went on to claim that the world’s largest cryptocurrency has “never been used to any significant extent for legal real-world transactions.” The duo even blamed Bitcoin’s “conceptual...

Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy.  The former FTX boss believes the US entity is still entirely solvent and could re-open for withdrawals right away. The FTX US Situation In a tweet on Thursday, Bankman-Fried reiterated his comments at the New York Times Dealbrook Summit the day prior. During the interview, he claimed that FTX US is “fully solvent” and “fully funded”, and that its financial situation is...

Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu. While speaking to Nikkei Asia, the exec revealed that the upcoming metaverse fund, which will make its first investment in 2023, will focus on digital property rights. It also seeks to provide opportunities to access Web3 companies. The fund’s investment...

The government of Italy is reportedly looking to enforce strict rules on the local crypto space by imposing a 26% tax on profits generated from digital asset trading.  However, residents who earn less than €2,000 ($2,090) per year from dealing with bitcoin or altcoins will be excluded from the possible upcoming legislation. Italy’s Next Crypto Step A recent coverage by Bloomberg informed that the Italian authorities are working on a crypto bill that could be implemented as of...

Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction.  Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity. Flipping Positions on Ether As reported by Fortune magazine, the chairman aired his thoughts during an invite-only crypto event hosted by...