Crypto news

Dunamu is one the biggest cryptocurrency exchanges in South Korea, and now it looks like two of the company’s biggest shareholders – Song Chi-hyung and Kim Hyoung-nyon – have become the nation’s first two bitcoin billionaires. Dunamu Is Big, and So Are Its Shareholders While these individuals may not sound familiar, what they do for a living is likely to ring a bell with several pop culture fans. Chi-hyung is the founder and chairman of Hybe, the agency behind K-pop...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...

Out of Space is a decentralized ecosystem consisting of Trading Terminal, White Listing,  Marketplaces, its own Blockchain, P2P Platform, Crypto Portfolio and Social Network. All elements, applications, tools, and products of the ecosystem are combined by the KYC system and its own utility token, which is used both to pay for all products and dApps in the ecosystem and to support the Out of Space community. The created KYC system allows users to pass the KYC procedure on...

The cryptocurrency market continues to decline as Bitcoin’s price dipped below $57K, while Ethereum reached as low as $3,950 on Binance. This left around $120 million liquidated in just an hour. The bitcoin price is now down 5% in the past 24 hours and 12% in the past week as it dipped below $57K moments ago. This is the lowest BTC has been trading at since October 28th. Chart by TradingViewIn the meantime, Ethereum’s price also took a beating as it dipped below $4K and...

Aladdin Exchange has made it easier for the general public to dive into crypto trading by introducing demo trading. Coming soon on its platform, Aladdin’s Demo Trading, a user can enjoy a free demo account without making a deposit, providing a risk-free trading experience. Aladdin’s Demo Trading will act as a training ground for new traders. It will simulate the market environment with the goal to replicate ‘real’ trading as closely as possible. It will also give users...

Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured the first slot on the much anticipated Polkadot’s parachain auctions.  Acala, a decentralized Layer-1 smart contract platform, recently won the first slot on the parachain auction on Polkadot with a total of 32,515,989 DOT ($1,250,895,296) locked from over 81,000 community members. The funds will be used for a myriad of cases. The first features include launching a stablecoin on the Polkadot network...

Grayscale’s parent company has announced that it has increased its credit facility by $600 million through a debt capital raise. The company plans to utilize the funds in order to enhance its investments in its wholly-owned subsidiaries. Digital Currency Group (DCG) announced the news earlier on November 18th, indicating that Elbridge served as administrative agent of the credit facility. The event also saw the participation of a syndicate of institutional lenders and funds...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume has remained considerable since...

Narendra Modi – the Prime Minister of India – urged democratic countries to work together and design a comprehensive regulatory framework for cryptocurrencies. Without it, the asset class can be employed unlawfully and can even spoil the younger generations, he added. Regulations Are Necessary In a recent appearance at the Sydney Dialogue, India’s leader highlighted the importance of implementing regulatory policies in the digital asset industry. He opined that the process...

[PRESS RELEASE – Please Read Disclaimer] The growth of the cryptocurrency industry in the past few years brought some concerns among global watchdogs that most projects have remained unregulated. This pushed many regulators to start looking into the space, and many companies and protocols have strived to receive the proper regulation to legitimize their businesses. This is also true for the highly unregulated decentralized finance space, which is why when a particular project...