Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.” Go to Source Powered by WPeMatico
Cryptocurrencies
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Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de … Read more
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs … Read more
NFT project accepted $3M to move its collection to Polygon
The team had previously announced the move, but had not revealed the cash deal. Go to Source Powered by WPeMatico
$3.9 billion lost in the cryptocurrency market in 2022: Report
The report from Immunefi revealed hacks to have been the main cause of related losses. Go to Source Powered by WPeMatico
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear. Go to Source Powered by WPeMatico
December DeFi exploits were the lowest in 2022: Finance Redefined
The DeFi market didn’t see much change in its first week of new year compared to the last week of 2022 as the price momentum remained in a similar zone. Go to Source Powered by WPeMatico
Huobi net outflows crossed over 60M within the past 24 hours: Report
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week. Go to Source Powered by WPeMatico
Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how
Traders are contemplating what will happen to ETH price and staked Ether derivatives after the next network upgrade opens withdrawals for stakers. Go to Source Powered by WPeMatico
Marathon Digital experiments with overclocking to increase competitive advantage
According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC. Go to Source Powered by WPeMatico