Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend. Go to Source Powered by WPeMatico
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Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%
On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: … Read more
Aussie crypto exchange hints interest in Hong Kong base
The CEO of Independent Reserve says Hong Kong’s “friendly” licensing regime makes it a worthy destination to set up shop, but there are other factors to consider. Go to Source Powered by WPeMatico
OKX latest proof-of-reserves reveal $8.9B in assets
Lennix Lai, managing director of Global Institutional at OKX spoke with Cointelegraph about what it means to be transparent in a post-FTX and SVB crypto industry. Go to Source Powered by WPeMatico
OKX to cease operations in Canada by June 22 2023
“Withdrawals from OKX will continue to be available,” wrote the OKX team in an email to users. ͏ ͏ ͏ ͏ Go to Source Powered by WPeMatico
Okcoin suspends USD deposits in wake of Signature Bank closure
U.S. dollar withdrawals on Okcoin are not affected by the suspension. Go to Source Powered by WPeMatico
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only … Read more
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on … Read more
Bitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high
BTC traders at Bitfinex and OKX are unwilling to use margin markets for bearish bets, creating an alarming imbalance that investors should pay close attention to. Go to Source Powered by WPeMatico
OKX seizes 2M USDT linked to market manipulation
The exchange has related frozen assets and will allocate over 3 million USDT for an airdrop to eligible users who suffered losses. Go to Source Powered by WPeMatico
