Archived Posts
Popular cryptocurrency exchange Huobi has started supporting Russian ruble on its platform. As per an announcement made on January 12, Huobi currently supports both deposits and withdrawals in Russia’s national currency. The latest facility will allow its clients to trade cryptos such as Tether (USDT), Litecoin (LTC), Bitcoin (BTC) and Ether (ETH) for rubles. Additionally, Read more...
Top 100 Bitcoin Addresses Hardly Moved by Price Drop
The top 100 Bitcoin wallet address reflect bullish view of the crypto through an increase of 16% in holdings in the last 30 days. Overall, these Bitcoin addresses supplemented another 334,000 Bitcoins, worth roughly $11billion, to their holdings. There was little response, if any, from these Bitcoin addresses to the recent price decline from $41,000 Read more...
Goldman Sachs Commodity Research Head – Bitcoin is Transforming into a Mature Asset
Jeff Currie, global chief of commodities research at Goldman Sachs, acknowledged that Bitcoin’s exceptional rally has lured institutions in a big way, but pointed out that smart-money still makes up only a small percentage of the overall market. A huge number of such investors should enter Bitcoin so that it transforms into a stable asset Read more...
US SEC Cleared Stablecoin VCOIN Goes Live on IMVU Network
IMVU’s fiat-convertible VCOIN has gone live on its avatar social platform. According to an announcement on January 12, beginning today, users of IMVU will have access to VCOIN. IMVU is already recording more than 27 million trades a month utilizing its non-blockchain-backed credits. VCOIN intends to provide users partaking in the trades the chance to Read more...
PayPal Records Crypto Trading Volume of $242 million in 24hrs
Global payments processing company PayPal recorded crypto trading volume of $242 million on January 11, a new record for the company and almost double the previous record trading volume of $129 million recorded on January 6. The info was revealed by crypto market data provider Nomics, which has also pointed out that the daily volumes Read more...
Bitcoin Records Healthy Price Correction to $30K
The excitement in the crypto market faded on January 11 following the steep fall of altcoins, majority over 20%, as Bitcoin plunged below $35,000. After dropping below the psychological support level of $40,000 on January 10, Bitcoin (BTC) faced an increase in selling pressure, which caused the price to hit $30,229 before rebounding to $34,000 Read more...
China’s State-Run Banks Set Up ATMs for Digital Yuan
China’s initiatives to build a centrally controlled digital currency has taken another step forward in the weekend as the government-owned Agricultural Bank of China rolled out the foremost digital yuan ATMs. Clients at pre-determined branch offices in the Shenzen area have started spending and exchanging the digital yuan rewarded as portion of the country’s “red Read more...
Cardano Flips Polkadot To Become the largest Proof of Stake Network
For a considerable period of time, Polkadot had been the biggest decentralized Proof of Stake (PoS) network. Nevertheless, it is no longer the case since last week. While Polkadot network has 61.4% of the aggregate supply being staked, Cardano now commands 69.5%, as per data published by Staking Rewards. This implies that more than 21.75 Read more...
Bitcoin Investors Face Severe Restrictions From HSBC & UK Banks
A report published by Sunday Times indicates that banks in the UK are enforcing stringent measures that restrict Bitcoin and other cryptocurrency investors. As per the report, the UK investors might face trouble while dealing the British banks. Specifically, HSBC and other unnamed UK banks will not agree transfers from cryptocurrency exchanges. Furthermore, HSBC will Read more...
