USDC Exchange Reserve Spikes – Can This Help Push Bitcoin Back Up?

Jan 7, 2023

On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop. USDC Exchange Reserve Observes Sharp Rise In Recent Days As pointed out by an analyst in a CryptoQuant post, the large amount of USD Coin that flowed into exchanges recently could be deployed to act as fuel for Bitcoin. The “exchange reserve” is an indicator that measures the total amount of USDC currently sitting in wallets of all centralized ex ...read more

Ethereum (ETH) Dips Consecutively And Falls Below $1,800

Jan 7, 2023

Many reactions and sentiments have been hovering around the Ethereum upcoming upgrade tagged the Merge. Different presentations of opinions crowd the crypto space on an individual and institutional basis. One of the significant displays was the mass accumulation of Ethereum tokens. Many believed that the price of Ether would rise due to the Merge. The Ethereum network had witnessed higher activity as participants purchased more ETH in the past few weeks. Hence, the month of July was rising one f ...read more

Your Bourse Appoints Heads for Operations, Customer Success, and Engineering Teams

Jan 7, 2023

Your Bourse, a London-based technology provider to forex and contract for difference (CFD) brokers, recently appointed new heads of department to spearhead various units in its organization.These are Valter Timanov as Head of Operations, Maria Porandaikina as Head of Customer Success, and Sergey Rudenko as Head of Engineering.Your Bourse disclosed this in a press statement shared with Finance Magnates on Thursday.While Timanov joined Your Bourse from the online brokerage firm, Just2Trade Online ...read more

Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

Jan 7, 2023

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, but overall the dozens of smart contract crypto assets have lost 7.8% in value during the last 24 hours. Smart Contract Token Economy Slides Lower, Total Value Loc ...read more

Investor Sentiment Falls As Crypto Market Sheds $100 Billion

Jan 7, 2023

The crypto market has now been put under another challenge. In the past day, bitcoin prices have dropped about $2,000, which has seen the crypto market lose a significant amount of value. As it now stands, the crypto market cap is down more than $100 billion and is now dangerously close to falling below $1 trillion once more. This has expectedly affected the market sentiment, triggering more fear in the market. Market Turns To Fear The crypto market had been seeing some recovery with the anticip ...read more

Coinbase Raises Alarm on ‘Pig Butchering’ Crypto Investment Scams

Jan 7, 2023

American cryptocurrency exchange, Coinbase, has raised concern over an increase in the number of romance-investment scams called ‘pig butchering’ or ‘Sha zu pan'.This type of scam occurs when a scammer sources victims through dating apps and social media as well as builds “trust with their victim, sometimes over a long time period of weeks or months.”The Coinbase Global Investigations, Trust & Safety and Threat Intelligence Teams expressed worry on the rising popularity of this sc ...read more

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

Jan 7, 2023

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin Sold Since the First of the Month, Following a Brief Miner Capitulation Pause Bitcoin’s U.S. dollar value slid from $23,593 per unit to $21,268 ...read more

Bitcoin Price Short-Term Upswing In Peril As Bulls’ Aggression Dies Down

Jan 7, 2023

Bitcoin price (BTC) is grappling to maintain the level above $23,500. BTC trying to crawl above $23,500 on August 18 Bulls’ aggression ebbing Immense selling pressure this week could invalidate the prevailing bearish price trend The king of crypto tries to keep the uptrend consistent which has peaked for over two months. Related Reading: Axie Infinity Drops 4.7% In Last 24 Hours As AXS Struggles In The Red Zone Bulls Losing Their Aggression? Judging by the daily chart, it’s apparent that the ...read more

Qatari National Blockchain Blueprint Spotlights Benefits of the Technology to Country’s Economy

Jan 7, 2023

Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint jointly drafted by Qatar’s Communications Regulatory Authority (CRA) and two learning institutions, Hamad B ...read more

FLOW Reclaims Green Turf After 7-Day Losing Streak

Jan 7, 2023

FLOW relishes its winning streaks as the coin trades at its peak Thursday, and shoots upwards after a 7-day losing streak. FLOW registers peak levels, shows renewed vigor after a week Price sets sights on a new key resistance at $3 Token dips by 17.47%, currently trades at $2.28 The uptrend came unexpectedly especially since FLOW’s market cap is trading lower at 1.14%. Other altcoins like SHIB also declined by as much as 10%. Related Reading: Chainlink In Bearish Mood As LINK Price Retreats To ...read more

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