Crypto news

Amid the current market crash, $1 billion worth of USDT was transferred from Tether’s treasury to Binance. The past couple of days were particularly devastating in both the cryptocurrency and the legacy markets. During Saturday’s trading session, Bitcoin’s price crashed to a low of around $34,000 on Binance, and it’s currently trading at around $35K, struggling to hold above that level. Now, Whale Alert detected that $1 billion worth of USDT was transferred from the Tether...

As the crypto market continues to bleed over the past days, the Grayscale Bitcoin Trust (GBTC) shares have widened their discount in relation to the underlying crypto held in the fund. GBTC Premium at New Lows According to recent data from Coinglass, the trust’s negative premium hit a new all-time low (ATL) as bitcoin struggles around the $35,000 mark. The GBTC has been trading on a steady decline since February last year, with the premium now sitting at 30%. The Grayscale...

The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos. Jumping into Crypto Once Again The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto stance during the last several months, continues to support the industry. The company recently...

Ethereum-based play-to-earn game, Heroes of Mavis, has recently completed its seed funding round where it raised $5.5 million from Web3 and metaverse investors, including Binance Labs. Binance and Others Invest in Heroes of Mavia According to a press release shared with CryptoPotato, the project intends to use the new capital injection to develop the game further, attract top talent, and expand its community of supporters. The seed funding round was led by Binance Labs and...

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....

INTERNET CITY, DUBAI, Jan. 20, 2022 – LBank Exchange, a global digital asset trading platform, will list CryptoCoinPay (CCP) on January 25, 2022. For all users of LBank Exchange, the CCP/USDT trading pair will be officially available for trading at 17:00 (UTC+8) on January 25, 2022. Payment plays an essential role in the world, and a number of payment means have been developed based on blockchain technology since its birth. However, the existing cryptocurrency payment...

The TON Foundation has announced the onboarding of Andrew Rogozov as a founding member. He will oversee Product Efforts at the blockchain project, initially launched by Telegram’s Durov brothers in 2018. Increasing Interaction Between TON and Telegram Likely The Ton Foundation announced a recent press release shared with CryptoPotato. The document informed that Rogozov will now contribute with his leadership experience to assist TON to reach its potential of creating an...

Singapore is telling all crypto companies within its borders to cease advertising their products and services to members of the public. This rule also applies to any banks or traditional institutions that offer crypto. They are not allowed to produce any advertisements and they cannot show these ads in public areas like on buses or trains, websites, social media, physical ATMs, or broadcast and print media. Singapore Looks to Prevent Crypto Companies from Producing Ads...

The U.S. Securities and Exchange Commission (SEC) has, once again, rejected a spot bitcoin ETF application. It was filed earlier by the investment management company First Trust Advisors and the hedge fund SkyBridge led by Anthony Scaramucci. In a statement published on Thursday (January 20, 2022), the SEC said the reason for the rejection was that they failed to meet the requirements. According to an excerpt from the SEC document: “Because NYSE Arca has not demonstrated that...

Cathie Wood of Ark Invest believes El Salvador is on the right path when it comes to bitcoin innovation. She is very excited about all the fantastic progress the country has made in terms of BTC adoption, and she’s confident things will only get better from here for residents of the nation. Cathie Wood on El Salvador: The Country Has the Right Idea Wood stated that one of the big things El Salvador has done well is open the doors of an industry that at one time, was very...