On the brink of recession: Can Bitcoin survive its first global economic crisis?
Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on …
Coinbase to shut down Coinbase Pro to merge trading services
Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. Coinbase’s professional trading platform Coinbase Pro will cease to exist as the cryptocurrency exchange is restructuring services to bring them all into one …
DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI. Decentralized exchange (DEX) Uniswap has overtaken its host blockchain …
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future. Crypto exchange Binance.US has removed trading fees …
A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne
“We’re really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet to launch metaverse. Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm …
Voyager’s 60% share price plunge leads sea of red for crypto stocks
VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day. A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three …
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity …
Crickets on day 1… but Proshares short Bitcoin ETF volume up 380% on day 2
A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day. The first short Bitcoin ETF from ProShares got off to …
China warns Bitcoin is heading to zero but BoE looks on the bright side
Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency. The Chinese government has capitalized on the violent downturn in the crypto market by …
Hester Peirce critiques SEC agenda – more wrong than just crypto policy
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday. United States Securities and Exchange (SEC) commissioner Hester Peirce said the newly released SEC …