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This week cryptocurrency prices remained relatively flat, with the trading volume fluctuating slightly. There hasn’t been any significant news affecting prices for BTC and ETH, which managed to hold support and close in the green today. Bitcoin is trading at $20,082, and Ethereum is trading at $1,366. Both crypto assets are up over 5% in … Read more
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior … Read more
The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available … Read more
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions. Circle Reveals … Read more
Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation Seven months ago, 17 crypto firms announced the formation … Read more
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan has now lost 12% versus the greenback so far this … Read more
The cryptocurrency market’s momentum is slowing down once again after exhibiting high trading volume throughout the week. Bitcoin and Ethereum’s price manages to hold support, with BTC trading above $19k and ETH holding above $1,300. Let’s look at any relevant news affecting crypto prices this week. Key Points: The cryptocurrency market is losing momentum as … Read more
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto and Robinhood Wallet users with the ability to purchase and sell usd … Read more
On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022 in New York City, and the newly launched CF BIRC product aims … Read more
After rising in trading volume last night and stagnating in price, the cryptocurrency market is gaining momentum as Bitcoin trades above $19k, and Ethereum remains above $1,300. The 24-hour trading volume continues to rise, with BTCUSD’s 24-hour volume up 19%, currently at $59 billion, and ETHUSD’s trading volume up 32%, currently at $20 billion. The … Read more