Markets

Leading American cryptocurrency exchange Coinbase has on-boarded new executives to lead its expansion plans in Europe, the Middle East, and Africa (EMEA) despite the intense bear market pushing several crypto entities into bankruptcy.   According to the exchange, the appointments are part of its ”Go Broad and Go Deep strategy’ for global expansion, which the company announced in Q3. CryptoPotato reported in July that Coinbase sought regulatory approval from several European...

The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV). On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.  In total, Aave’s frozen market list included the...

Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The cryptocurrency lender’s troubles began as the bear market intensified earlier this year, especially after the Terra collapse. There seemed to be a lifeboat thrown by FTX a few months down the road as the exchange provided a $400 million loan to BlockFi and had the option to...

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Stellar lumen price is showing bearish signs below the $0.1000 resistance zone against the US Dollar. XLM price is now trading below $0.0920 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0885 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0860 and $0.0835 support levels. Stellar lumen price is trading below $0.1000 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.4180 resistance against the US dollar. The price is now trading near $0.3880 and near the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3720 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down towards the $0.332 support if it fails to stay above $0.3720. Ripple price is struggling below $0.400 against the US Dollar,...

The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the proceedings from mining. Data from Blockchain.com reveals that the revenue bitcoin Miners get is tumbling ever since the all-time high reached last year in November. At the time of this writing, it stands at around $11,670,337 for November 26th – the lowest it has been in exactly two years. Source:...

Coinbase is in hot water after close to 100 customers have filed lawsuits against the western hemisphere’s largest digital currency trading platform. Customers Are Angry with Coinbase These customers are accusing Coinbase of turning a blind eye to a scam that ultimately cost them more than $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, directed users upon being downloaded to fraudulent or phony websites that allowed...

[PRESS RELEASE – Please Read Disclaimer] When you’re just starting to learn about cryptocurrency investing, it can be hard to know which coins and tokens are worth your time and money. If you want to get involved in this fast-growing market but aren’t sure where to start, here are four factors you should consider when choosing cryptocurrency assets to invest in. One such example of a rare project that exemplifies these traits is Orbeon Protocol, and we will also explore why...