In order to offer cryptocurrency transactions, Huobi Technologies (1611.HK) said that its brokerage subsidiary, HBIT, has secured a license to carry out foreign exchange and money transfer activities in the U.S. According to a statement released on Tuesday, HBIT has been granted a Money Services Business Registration License (MSB) by the U.S...
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In order to cover costs as the crypto market pulls down on trade volumes, Bitstamp is charging inactive clients a charge. The company stated in a blog post on Friday that the new inactivity charge will apply to users who haven’t traded, deposited, or bet on its platform within the last 12 months and had…
Despite being relatively new to the cryptocurrency market, Shiba Inu [SHIB] has experienced tremendous growth in popularity. The broad adoption it attracted was advantageous for the entire crypto market, not just SHIB alone. The primary developer now shifted attention to the network’s development side as its pricing tried to recover...
Blockchain company Ripple’s development arm, RippleX, recently provided an update saying that its team of engineers is now convinced in the XRP Ledger’s capacity to implement the XLS-20 protocol for non-fungible tokens. Ripple updated its services to enable validators to vote in favor of enacting the aforementioned standard...
Blockchain payment firm Ripple has hired two Kellogg Hansen lawyers Kylie Chiseul Kim and Clayton J. Masterman to strengthen its legal fight against the U.S. Securities and Exchange Commission [SEC]. The new addition of the attorneys indicates that legal proceedings may drag on for some time...
Overview Daily spot trading volume: $625.4 million, 30 day average spot: $720.0 million. Total futures notional: $169.3 million. The top five traded coins were, respectively, Tether (↑0.01%), Bitcoin (↓0.21%), Ethereum (↓1.6%), USD Coin (↑0.0%), Solana (↓3.5%). Strong returns from Convex Finance (↑31%), DENT (↑16%), and Curve (↑10%...
Reading Time: 2 minutes Nexo is looking to acquire Vauld Vauld had to halt customer withdrawals on Monday due to financial difficulties Vauld is based in Singapore and Nexo is looking to expand in that area Nexo is looking to acquire Singapore-based crypto lending platform Vauld...
Reading Time: 2 minutes Bitcoin is coiling into a wedge that will determine its short term price action The continuation wedge suggests that down is a more likely direction than up Bitcoin hasn’t shown much strength since capitulating in June Bitcoin is coiling into a wedge that will determine its short term price action...
Reading Time: 2 minutes Tiktok’s gaming unit head, Jason Fung, has left the video streamer to start his own blockchain video game company Meta0 will build a blockchain gaming platform from the ground up Blockchian gaming has so far promised much but delivered little The head of Tiktok’s gaming unit...
Reading Time: 2 minutes Voyager Digital has filed for Chapter 11 bankruptcy The Toronto-based lender has a $650+ million black hole caused by the crypto contagion Customers will be made whole with a combination of their holdings, funds recovered from 3AC, and Voyager tokens Voyager Digital...