The Swiss crypto exchange SIX announced its June 2022 trading metrics on Friday. SIX saw a drop in its trading turnover as it fell to CHF 97.8 billion. That amounted to 10.7% less than what it made in May. The Advantage of Quantity The number of trades on the platform was 4,919,123. It is a…
While the crypto market continues to bleed out, the rich seem to be accumulating. The richest personal Bitcoin wallet has been reported to be in such a phase. Whales Get Bigger The personal wallet in question is just third place behind two exchange wallets. According to reports, it purchased 4,816 BTC in the course of…
Russia’s central bank is about to give permission to mine cryptocurrencies in the country. The proviso is that proceeds from the mining are converted into fiats currencies outside Russia. The latest development came after the bank relaxed its position on cryptocurrency usage. The Central Bank Gives Its Nod to Legalizing Crypto Mining Russian miners are…
Argentina has been struggling against increasing inflation for a long time now. Its Peso has been falling helplessly against the US Dollar. Argentina has one of the highest rates of crypto adoption in the world. What a Resignation Foretells The country witnessed a sharp rise in the price of dollar-pegged stablecoins over the weekend. The…
The general crypto market is currently looking to reclaim its position. It might get back to its $1 trillion overall capitalizations real soon. This possible development followed a strong correction that took place early in the month of June. A Sudden Price Action Altcoins, led by Ethereum, were seen to have staged a solid rebound….
There were rumors flying around the market this week about Ripple’s new developments. There is news that the lawsuit between the firm and the SEC is ending soon. There are also filters about the proposed Canadian operation being worked on. As a result of the aforementioned, XRP has gained a significant increase. What the token…
The former FairX now known as Coinbase Derivative Exchange is planning its first crypto derivatives. The products are said to launch on the 27th of June. It is going to be a nano Bitcoin contract with retailers as its target. A Brighter Look into the Future The announcement said that the firm’s BIT Futures aims…
Binance.US has introduced a zero-fee trading option for Americans as part of its competitive strategy. The company is following the footsteps of a popular company, Robinhood. Robinhood introduced a no-fee cryptocurrency trading option in 2018. As stated by Binance.US CEO Brian Shroder, this move would attract more users. Also, it is the first U.S. cryptocurrency…
A selling trend began for Bitcoin miners in May as prices dropped sharply. The prices fell to an 18-month low point and got the marketing bleeding excessively. More Bitcoin miners have been forced to sell their assets as the price dropped further. As the cost of electricity also increases, miners sell to keep up with…
As the UK is shifting towards stablecoin regulation, crypto companies are trooping into the region. Recently, the country’s Ministry of Finance released plans to permit the usage of stablecoins for payment. Meanwhile, the popular stablecoin issuer, Tether, has taken a step to position itself in the UK. The company has expanded its stablecoins by releasing…
Babel Finance has been able to address some of its closest liquidity problems. The Hong Kong-based crypto lender reached a debt settlement deal with some counterparties it has. Necessary Deals Across Every Table It was initially reported that the firm temporarily suspended redemption and withdrawals. The event which took place on the 17th of June…
Last year, Israel’s central bank carried out a CBDC research to embrace the digital economy. The research for the digital Shekel lasted for over a year. However, the Bank of Israel (BOI) is not ready to issue the digital Shekel. Meanwhile, the BOI has stated that the supervision of smart contracts should be under its…
