Crypto news

[PRESS RELEASE – Saint Vincent, the Grenadines, June 16th, 2024] ApeX Protocol, the leading permissionless and non-custodial decentralized exchange (DEX), proudly unveils its brand new product — ApeX Omni. Built on a modular, intent-centric architecture, Omni is set to redefine the decentralized trading experience with an aggregated multichain liquidity trading framework, and enhance your DEX trading experience with its innovative features and robust performance. Here’s what...

Bitcoin (BTC) has fallen 4.5% in the past seven days, going to a monthly low of $65,000. This plunge in the digital asset’s value could be linked to increased selling from mining entities. In the latest CryptoQuant weekly report, analysts revealed that the number of BTC sent from Bitcoin mining entities to exchanges has reached a two-month high amid a decline in their revenues due to lower transaction fees. Miner Selling Hits Two-Month High On June 9, the hourly transfer of...

After 18 months of continuous uptrend in the Bitcoin network’s hashrates, June saw a decline. While several theories emerge about the cause of the phenomenon, it looks like miners with older ASIC systems (specialized mining rigs) are disconnecting from the network because it is no longer profitable. Thus, the reduction in the total hashrate of the network. Bitcoin’s hashrate, which has currently dropped to 600 exahashes, is the processing power miners need to solve a cryptographic puzzle to...

Binance’s former CEO Changpen ‘CZ’ Zhao has been ranked the twenty-fourth richest person in the world by Forbes. His 90% equity in Binance and joint ownership of 71% of circulating BNB coins with Binance puts his net worth at a highly impressive $61 billion. He personally owns 64% of the BNB coins in circulation, amounting to 94 million. The total supply of BNB is 200 million, with over 147.5 million coins in circulation. BNB has done extremely well during this year’s bull cycle, with its...

TL;DR Ripple plans to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite SEC’s criticism. Meanwhile, XRP’s price is down, but some analysts see the current level as a buying opportunity. What’s New Around Ripple? One of Ripple’s latest developments is its upcoming stablecoin pegged to the American dollar, which should serve as a bridge between traditional finance and the crypto industry. Earlier this week, the company said it will be...

Bitcoin, PayPal, WISE oder SEPA gefällig? Binance P2P sichere Plattform für den Handel mit Kryptowährungen, der Millionen von Nutzern weltweit vertrauen. Sie bietet mehr als 800 Zahlungsmethoden und mehr als 100 Fiatwährungen. Der Peer-to-Peer (P2P)-Markt von Binance lockt mit der Aussicht auf lukrative Einnahmen durch den Handel mit Kryptowährungen. Doch wie viel lässt sich tatsächlich monatlich verdienen? Die Antwort ist nicht pauschal, sondern hängt von mehreren Faktoren...

Bitcoin’s price actions have calmed during the weekend, as it has happened quite frequently lately, and the asset remains still at just over $66,000. The weekly scale is quite painful for most crypto assets, as BNB and NEAR have dumped by double digits. UNI and TON are among the few exceptions. Bitcoin’s Volatile Week As mentioned above, the last several weekends have been quite dull in terms of price movements and so was the previous one, in which BTC stood at around...

Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since the start of the year. $500M Not Enough Ever since August 2020, when it announced its first BTC purchase, the NASDAQ-listed business...

[PRESS RELEASE – Singapore, Singapore, June 16th, 2024] WEEX Exchange, a leading cryptocurrency trading platform, is thrilled to announce the launch of its zero-fee trading initiative, coupled with a suite of innovative features designed to offer unparalleled trading experiences. With a strong emphasis on user satisfaction and cost efficiency, WEEX is poised to revolutionize the crypto trading landscape. In addition, WEEX is proud to sponsor and participate in the upcoming...

KuCoin exchange’s research arm released a report on cryptocurrency performance in May, noting $1 billion in new investments – a slight decrease from April. The report highlighted that institutional investors predominantly favored Ethereum and EVM-focused platforms during this period. $1 Billion in Investment Earlier this week, KuCoin Research published a report indicating that in May alone, the crypto realm saw a public disclosure of about 156 investments. The total amounts...