Crypto news

Nikhil Rathi – CEO of UK’s top financial regulator FCA – proposed that the British government should not pay compensations to individuals investing in cryptocurrencies in case of a loss. Digital assets have been employed in criminal activities, and investors dealing with them “must be ready to lose all of their money,” the top exec opined. The UK Needs to ‘Draw Some Pretty Clear Lines’ The Chief Executive Officer of the FCA – Nikhil Rathi – addressed his proposal to the...

Developers of the self-named “DOGE Killer” Floki Inu have apparently hired the popular British professional boxer, Tyson Fury, to promote the memecoin to his two million followers on Twitter. In a short promotional video posted on his Twitter page, the world heavyweight champion could be seen wearing a branded FLOKI hoodie while reading off of a script, urging his followers to join the Floki bandwagon. Fury mentioned that the memecoin project is currently establishing...

Constitution DAO may have lost its bid on a piece of American history last month, but this has helped to launch the company into the digital spotlight. Its meme currency is now up by 900 percent, marking one of the largest surges to occur over the span of just a few weeks. Constitution DAO Is Still Accomplishing Something Big Coin Market Cap was one of the first sites to report on the data. The currency has been dubbed the “people token” given that it is offered to those...

Meta Platform’s (formerly Facebook) endeavors in the digital asset space may have been mired in controversy from the very start, but that has not deterred its efforts to explore new ways for users to utilize its cryptocurrency wallet, Novi. WhatsApp, the social media giant’s messenger subsidiary, has launched pilot crypto payments in the US with the help of Novi. The move comes a little over a week after top executive David Marcus announced that he would be leaving Novi at...

It’s happened again, folks. Another crypto exchange hack is in the books. This time, the alleged victim is Bit Mart, which appears to have lost $150 million in digital currency funds at the time of writing, though some firms – such as Peck Shield, a blockchain analytics company – believe the company may have lost closer to $200 million. Bit Mart Has Been Compromised Peck Shield was the first entity to notice the breach. Analysts saw that around $100 million in crypto was...

Paradigm – an institutional liquidity network for crypto derivatives traders – recently closed a $35 million Series A funding round. Co-led by Alameda Ventures and Jump Capital, this round places the company’s value at $400 million. Paradigm’s Role According to a recent statement, over 25 other investors participated in the company’s most recent funding round. These include Nexo, Genesis Trading, Babel Finance, Dragonfly Capital, Digital Currency Group, and others. Paradigm...

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

December 9 2021, Tallinn, Estonia – Just 8 days after WagyuSwap, the world’s fastest and cheapest decentralized exchange built on the Velas Network announced the Great Steak Event, the team announced yet another periodic token burn initiative of 30,000,000 of the platform’s native $WAG token. The burn will deplete the total supply by 7%, bringing it back down to 500,000,000. The burn announcement was made on Thursday December 9th prior to an ask me anything (AMA) session...

Key Support levels: $55, $64,  Key Resistance levels: $78 Luna’s rally came to a halt at the $78 resistance level. The fact that volume has been decreasing since then may give the bears an opening to take control of price, even if for a short period. The current key support levels are found at $64 and $55. During the flash crash from December 4th, the bulls had full control of price at the $55 support area. Therefore, any attempts to pull Luna down should consider this...

The hype behind canine-themed coins may have declined, but that has not stopped prominent trading venues from adding support for Shiba Inu (SHIB). It has now managed to fetch a listing from Luxembourg-based Bitstamp. Besides SHIB, the exchange also added Perpetual Protocol (PERP), dYdX (DYDX), and Gala (GALA). Bitstamp Lists Shiba Inu (SHIB) According to the official announcement, Bitstamp will enable its users to trade SHIB against the US dollar and the Euro, i.e., SHIB/USD...