Crypto news

After the recent volatility and price declines, bitcoin finally saw some relief by touching $20,000. Most altcoins have seen slight gains as well. Once again, though, Ripple stands out as the best performer from the larger-cap alts, while ApeCoin has soared by 16%. BTC Back at $20K It’s safe to say that the past week or so didn’t go all that well for the primary cryptocurrency. The asset had spiked to a multi-week high at just under $23,000 on September 13, but the overall...

In a new move carried out by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), multiple sanctions were handed out due to the accused’s ransomware activities. Ten Individuals and two shell companies known for extorting US businesses and infrastructure providers have been sanctioned, prohibiting all commercial activities with the designated parties – in cryptocurrency or otherwise. In tandem, the DOJ has also launched criminal charges against three...

INTERNET CITY, DUBAI, Sep. 16, 2022 – LBank Exchange, a global digital asset trading platform, has listed Monkey King (WUKONG) on September 16, 2022. For all users of LBank Exchange, the WUKONG/USDT trading pair is now officially available for trading. As a DApp and crypto platform based on Ethereum, Wukong Finance provides yield farming, staking pools and bushes that enable users to earn tokens, while offering fun games and NFTs for users to play and earn. Its native...

INTERNET CITY, DUBAI, Sep. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed Solas (SOLAS) on September 15, 2022. For all users of LBank Exchange, the SOLAS/USDT trading pair is now officially available for trading. Combining healthcare and blockchain, Solas (SOLAS) creates a smart healthcare network where users can achieve higher accessibility and safer and consistent data management. It’s native token SOLAS has been listed on LBank Exchange...

INTERNET CITY, DUBAI, Sep. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed Arbitrage Token (RBTR) on September 15, 2022. For all users of LBank Exchange, the RBTR/USDT trading pair is now officially available for trading. By developing an arbitrage platform, Arbitrage Token (RBTR) enables users to use a native arbitrage engine to find and exploit arbitrage opportunities across cryptocurrency platforms. Its native token RBTR has been listed...

After the announcement of a $54 million funding round, Doodles’ sales volume spiked by over 1,000% in a matter of just a few hours earlier this week. Doodles’ record-breaking traction comes despite a slowdown in the NFT market. According to data from DappRadar, the project’s volume was recorded to be $2.48 million, with an uptick of 1028.34% on a 24-hour scale mid-week. Its floor price, on the other hand, jumped above 8 ETH before falling back and settling near 7.54 ETH at...

The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many miners are either having to leave the space altogether or take drastic measures to ensure their money stays in place, as is the situation with firms like Stronghold Digital Mining. Stronghold Digital Had Too Much Debt As one of the biggest and most stable digital currency mining...

Bitcoin saw its price plunge in late August following a slow, but steady bull run. It looked like the world’s leading digital currency by market cap was on the verge of striking a $25,000 chord, but that clearly was not meant to be as things eventually took a turn for the worse and the asset dipped into the low $20K region again. Bitcoin Saw More Bearish Conditions in Late August The digital currency – along with many of its counterparts – suffered and reached new...

The prospect of a physically-backed ETF or spot ETF got a boost with the launch of Hashdex Bitcoin Futures ETF (DEFI) on Thursday, media reports said. The basis for the optimism is that DEFI was filed under the Securities Act of 1933, unlike other futures-backed ETFs, which were under the Investors Act of 1940.   DEFI has been developed with Teucrium, which specializes in alternative investments. Prospect of Bitcoin Spot ETF As a physically-backed Bitcoin ETF would fall under...

Ethereum finally migrated to a proof-of-stake consensus algorithm. The event triggered a wave of selling which was probably propelled by those who bought ETH to receive the ETHW airdrop. Because of this, the price has declined by some 15% in the past couple of days. Technical Analysis By Grizzly The Daily Chart Ethereum is forming its third straight red candlestick on the daily timeframe. The cryptocurrency is currently back at a level defended by the bulls in the last two...