Crypto news

Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade.  The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation.  Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which will impact all on-chain ETH and ERC-20 token movements – is to ensure...

Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum.  The contracts await activation by Compound governance but are now open to review by the community.  According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal away from being live.” One of the smart contracts involved is a ‘configurator’, which will allow Compound to set...

A week after suspending its services, the crypto lending platform Hodlnaut filed for an application to be placed under judicial management with the Singapore High Court. Under judicial management, the financially distressed crypto lender will be able to “rehabilitate its business.” As such, an independent officer of the Court will be appointed in place of Hodlnaut’s directors to oversee the company. This process is also expected to offer some respite as it provides a...

Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ultimately paused all customer withdrawals as a means of coping with ongoing market volatility. Celsius Is Filing Bankruptcy Sadly, things didn’t quite stop here. Word has since been received that Celsius is now entering bankruptcy proceedings, hinting that maybe this crypto...

Press Release: For anyone stuck in the house, the 1xBit Around the World Adventure Tournament offers a classic treasure hunt with a chance to win big. 16th August 2022, Limassol, Cyprus — 1xBit has created clues on how to go around the world with players’ favorite slots and win a share of the 0.5 BTC prize fund. So it is time for the summer adventure as history will be around you and some lucky players; join the adventure to locate your treasure. How to Join the...

Cryptocurrency exchange giant Huobi will cease offering its derivatives trading services to New Zealand customers two months after the company obtained registration from the country’s regulators. In an announcement on Tuesday (August 16, 2022), Huobi said it would restrict users in New Zealand from accessing derivatives trading services starting from August 23, 2022. According to Huobi, its action was in “commitment to local compliance policies.” Consequently, affected...

A new poll is suggesting that most people think bitcoin will hit $10,000 per unit in the coming weeks and months rather than $30,000. Will Bitcoin Fall Down to $10K? The survey in question asked, “What do you think bitcoin will do first? Hit $30K or $10K?” Many of the survey respondents said that the latter number would be struck, suggesting sentiment surrounding bitcoin in recent weeks has become rather negative. The world’s number one digital currency by market cap is...

Bitcoin continues its effort to break above the $24K resistance level, despite being constantly rejected by it in recent weeks. Will the bulls eventually manage to break it, or will the bears get the upper hand? Technical Analysis By: Edris The Daily Chart The price is technically in an uptrend as it has been forming higher highs and lows, but the $24K level is proving to be a very strong obstacle. The 100-day moving average has reached the same zone as well. It has been...

DOGE did not disappoint in August with a 40% rally since the start of the month. The buyers managed to bring the price just under a key resistance which may put some breaks on this rally. Key Support levels: $0.076 Key Resistance levels: $0.09, $0.11 DOGE’s price exploded by 17% today and has hit the key resistance at $0.09. This is the upper limit of a large descending triangle that has been forming since the all-time high in May 2021. If the bulls manage to break above this...

As per Ripps’s filing on Monday, the artist has asked a Los Angeles federal court to stop a trademark lawsuit brought against him by the BAYC creator. He further argued that his NFTs of the apes were a type of “appropriation art” meant as criticism and protected by the First Amendment. His NFTs of Bored Apes reportedly aimed to bring Yuga Labs’ attention to alleged racism. He also called it an “act of protest” against the NFT giant. For context, Ripps has been a vocal critic...