Shiba Inu rose 36% to about $0.0000057 on Sunday, adding about a billion dollars to its market cap in one day, with no announcement or development to explain it. The token now has a market cap near $3.4 billion on nearly $380 million of daily volume, its highest turnover position in months. SHIB prices have […]
BMX, the platform’s token, fell to about 8 cents, a 58% drop in 24 hours, reducing its market capitalization to about $27 million. The token had already fallen about 70% over the past year, so Sunday’s drop extended a long decline rather than starting one. The exchange’s trading figures are significant despite the closure. BitMart
BitMart Shuts Down After Nine Years, Exchange Token Down 58% Read More »
Russia’s largest bank, Sberbank, plans to build infrastructure for cryptocurrency trading and launch a digital depository by December 1, as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. According to Interfax, the depository will record customers’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will
Russia’s largest bank Sberbank plans crypto trading infrastructure for December Read More »
North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the DPRK’s Central Bank and Foreign Trade Bank, diverted foreign currency and state trade
North Korea arrests hackers accused of laundering stolen bank funds through crypto Read More »
Democratizing weather derivatives with tokenization This is where tokenization comes in and where I believe the crypto industry has a really important role to play in democratizing weather risk hedging. It’s an initiative that I think is significantly more important than simply offering traditional return-generating assets like bonds onchain. The core benefits of putting weather
Total value locked has roughly tripled since mid-July to around $312 million, according to DefiLlama, and Robinhood Chain now clears more than $600 million in daily decentralized exchange, placing it among the more active networks in crypto. Robinhood Chain’s locked value has more than doubled since mid-July. (Shaurya Malwa/CoinDesk) Its transaction count has also attracted
BitMEX, the crypto derivatives exchange that invented the perpetual swap, faces a proposed class action alleging bitcoin theft BTC$64,196.79 and insider trading filed on the same day it said it would shut down in three months. The lawsuit, filed by former tokenization project BKX Services and David Namdar in the US District Court for the
Crypto exchange BitMEX sued for 623 bitcoin as it prepares to shut down Read More »
Bitcoin mining company Poolin has filed for bankruptcy along with its two US subsidiaries Lonestar Dream and Lonestar Taproot with estimated liabilities between $100 million-$500 million, TheEnergyMag reported on Friday. The Singapore-based company, which once dominated the industry, filed for Chapter 11 protection in New Jersey on July 22 with about $173 million in debt,
Poolin files for bankruptcy after collapse of bitcoin’s largest mining pool Read More »
The crypto market closes the week on a constructive note, with bitcoin BTC$64,098.09 added as much as 1.1% since midnight UTC to $65,760 as the broader market held firm despite a macro backdrop that should add far more pressure. Brent crude futures traded at $97.66 a barrel, the highest since mid-May, as the Iran conflict
Several large, deliberate trades hit the band recently, building this concentration of open interest at the $70,000 and $72,000 levels. Laevitas identified a large bull call spread structure that involved buying the $70,000 call and simultaneously selling the $72,000 call. The bull call spread, as the name suggests, bets on a moderate rally in the
This $5 billion cluster points to a bullish positioning Read More »
