Crypto news

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Fellow Citizens of The HyperNation, Following our recently held event “The Circle of Convergence”, we are delighted to announce the launch of our very own ‘Booster Marketplace’, officially live on 17th November 2022. The specially articulated marketplace will both be available on OpenSea and The HyperNation platform. It is a welcoming news for Citizens of The HyperNation as users can receive the rewards at a faster release rate and increased value. Summarizing the...

Bitcoin cash gained pace above the $100 and $110 resistance levels against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $110 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $120 and $122 to continue higher in the near term. Bitcoin cash price is climbing above $110 against the US Dollar, similar to bitcoin. BCH/USD...

The FTX implosion may have dented investor confidence and extended the crypto winter, but that does not appear to be a hurdle for many exchanges from pursuing expansion via mergers and acquisitions. One such is – CrossTower – a crypto exchange that is reportedly considering new acquisitions of different types of companies with a good set of customers with them and a positive balance sheet. Risk Appetite for Acquisitions CrossTower’s CEO Kapil Rathi said investors are...

Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data.  The two addresses associated with the fund show that its BNB tokens account for 44% of its reserves.  The Wrong Type of Insurance? As shared by on-chain analyst Willy Woo on Twitter, the Secure Asset Fund for Users (SAFU) includes $367 million worth of BNB. The remainder is made up of Binance’s dollar-pegged stablecoin BUSD ($300 million) and...

The lower chamber of Russia’s parliament – State Duma – has reportedly started working on a draft bill that could aid the creation of a “national crypto exchange.”  The platform needs the approval of the country’s central bank and the Ministry of Finance. The Bank of Russia has previously shown its negative stance on the digital asset industry. Russia’s Potential Crypto Move According to a recent local report, the State Duma plans to make certain amendments to the existing...

In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breach. SCB Executive Director also lashed out at new FTX CEO John Jay Ray III for “misrepresenting” the agency’s action through the “intemperate” and “inaccurate” allegations. Bahamas Regulator’s Statement Its Executive Director, Christina Rolle, revealed that the Commission sought...

The Solana Foundation has released a fact sheet detailing the exposure it holds to FTX following its bankruptcy The organization held over $180 million worth of crypto asset exposure to the company as of November 6th, just before the exchange ceased processing withdrawals.  FTT and SRM Holdings According to the foundation’s report (last updated Monday), Solana held roughly $1 million in cash on FTX as of November 6th. The non-profit said these funds were “negligible” to its...

How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the...

Horsham Township in Pennsylvania is being gifted with a new bitcoin ATM, thus ensuring all residents there have access to the growing digital currency arena. Horsham Township Gets Its Own Bitcoin ATM The machine is being set up at a Sunoco gas station located at 300 Easton Road in Horsham Township. It will be available to customers 24 hours a day, seven days a week, 365 days a year. Transactions are quick and easy, and users are not required to register themselves as...