Markets

Binance, the world’s largest cryptocurrency exchange, announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 2023. According to a response to inquiries by an X (formerly Twitter) user, the Binance crypto debit cards will no longer be available in the affected regions from September 21. Binance Halts Crypto Debit Cards in Select Regions A crypto debit card, just like similar products, enables users to...

Although the lion’s share of the stablecoin market is occupied by USD-pegged assets – with a smaller subset of such pegged to the euro – companies all over the world have started launching stablecoins pegged to their native currencies in a bid to offer companies and consumers an alternative to traditional payment services. One of these firms is Num Finance, a small Argentine fintech company, which just launched nCOP – a stablecoin built on the Polygon network and linked to...

Darshan Bathija – Chief Executive Officer of the cryptocurrency lending platform Vauld – revealed that the entity will implement several amendments, including appointing a new CEO. The bear market has significantly affected the Singapore-based company, which laid off a substantial chunk of its workforce in 2022 and suspended withdrawals and deposits. The problems did not end there, and Vauld filed for protection against creditors in July last year. What’s New Around Vauld?...

The end of last week was a lot more eventful as the primary cryptocurrency dumped hard by over $3,000 in hours to see its lowest price tag in over two months at just over $25,000. Then came the recovery attempts that saw BTC regain around a grand. However, not much has happened to bitcoin’s price since then, as the asset calmed at around $26,000. The only exceptions were on Wednesday when it dropped suddenly by over $500, and yesterday. Thursday saw a more notable price jump...

CoinspeakerShares of Watches of Switzerland Plummets 30% as Rolex Acquires Bucherer Watches of Switzerland Group has undergone rapid expansion in recent times, establishing itself as a dominant force in the global market. Shares of Watches of Switzerland Plummets 30% as Rolex Acquires Bucherer

CoinspeakerBinance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading The exchange has also inquired about the market makers' information and their willingness to allocate up to 5% of their circulating tokens to Binance's saving pools, in exchange of earning interest. Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading

CoinspeakerPepe Coin’s Price Plummets 20% amidst Significant Wallet Movements and Security Concerns In total, more than 16 trillion tokens were moved on Thursday, August 24, which had a noticeable impact on the market. The amount represents 3.8% of the token's total market supply. Pepe Coin’s Price Plummets 20% amidst Significant Wallet Movements and Security Concerns

CoinspeakerGap Reports Mixed Q2 2023 Financial Results, GPS Shares Up 1% in Pre-market Gap Inc’s new CEO Richard Dickson took over after the company reported an 8 percent drop in sales in Q2 to $3.55 billion, compared with $3.86 billion a year earlier. Gap Reports Mixed Q2 2023 Financial Results, GPS Shares Up 1% in Pre-market

Bitcoin cash price started a fresh decline below the $200 zone against the US Dollar. The price is now trading near the $192 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $210 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $210 resistance zone. Bitcoin cash price is struggling below the $210 zone against the US Dollar,...

Binance CEO Changpeng Zhao (CZ) credited a little-known X (formerly Twitter) user on Wednesday for dispelling rumors of internal chaos at Binance, which suggested that the exchange was desperately selling its Bitcoin stash to protect the price of its native token, BNB. The rumors pertained to a vulnerable BNB collateralized DeFi loan on Venus protocol that approached liquidation this week. Is BNB in Trouble? As explained by @zkHopium, the loan in question began with BNB...