Crypto news

INTERNET CITY, DUBAI, Aug. 29, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities. New Listings on LBank Exchange Scheduled this week starting on 29th August. For a more...

Cryptocurrency exchange Nexo announced this Aug. 30 the allocation of another $50 million to execute discretionary and periodic buybacks of its NEXO token on the open market. According to the company’s statement, this would be the second time the exchange has invested money in repurchasing its tokens this year. The first time was in May when they announced the repurchase of $100 million in NEXO tokens. Nexo Wants to Demonstrate its Liquidity Antoni Trenchev, co-founder and...

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With the US Federal Reserve firming up its ante against inflation and dismissing discussions about any softening of monetary policy. JPMorgan’s chief global strategist, David Kelly, has made some suggestions for crypto investors concerned about the direction of the market. In an interview Friday after Fed Chair Jerome Powell’s speech at Jackson Hole, Wyoming, Kelly said that the best way to be positioned now is to focus on valuations and avoid looking at short-term...

Zum Tagesende hat der BTC zwar wieder die Marke von 20K genommen, doch die Zahl der aktiven Nutzer im Netzwerk deutet auf eine Bärenphase hin, die sich noch stärker ausprägen könnte, sofern die Zahl der aktiven Nutzer weiter sinkt. Bitcoin News: Zahl aktiver Bitcoin-Nutzer deutet auf weitere Bärenphase hinGlassnodes hat die Daten analysiert. Die Anzahl aktiver Nutzer im BTC-Netzwerk ist in den letzten Wochen deutlich nach unten gegangen, nachdem sie seit Februar nahezu stagnierte. Mit dieser...

Arbitrum – an Ethereum layer-2 scaling solution – is poised to undergo a major network upgrade on Wednesday. The upgrade will help Ethereum address the onerous transaction fees that have plagued the network over the past two years.  Per a tweet from Arbitrum on Monday, the “Nitro” upgrade will go live on August 31st. It will be accompanied by at least two hours of planned network downtime, starting a 10:30 am EST. According to Offchain Labs – the developers behind Arbitrum...

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs.  Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. The Sad State of NFTs According to DappRadar’s statistics page, the daily trading volume of...

A new crypto bill introduced by John Boozman – a republican from Arkansas – and Debbi Stabenow, a democrat from Michigan, would (if passed) give the Commodity Futures Trading Commission (CFTC) full control over bitcoin and Ethereum, the world’s two largest and most popular digital currencies. The CFTC Would Have Most of the Power In the bill, both ETH and BTC are clearly described as commodities. In addition, they account for roughly two thirds of all activity in the...

Iranian trade minister revealed on Monday that regulations and logistics have been finalized to facilitate the use of crypto in Iran’s international trade. The move comes nearly 3 weeks after it officially announced to have completed $10 million worth of imports paid in crypto. Iran Approves Crypto for Global Trade Iran’s Trade Minister Reza Fatemi Amin said the country, which has been facing US sanctions since 1979, on finalized regulations to use cryptocurrencies for...

Michael Saylor – bitcoin bull and the CEO of software giant MicroStrategy – has announced that he is leaving his post as the chief executive of the firm that has ultimately made institutional investing in digital currency a popular fad. Michael Saylor Is No Longer CEO of MicroStrategy Saylor has long been a fanatic of bitcoin, claiming in the past that it will be the future of finance. Unfortunately, he has made several monetary decisions surrounding bitcoin that have...