The chief executive of Binance, one of the world’s top crypto exchanges, has vociferously denied reports that the firm’s Shanghai office has been raided by Chinese authorities. Incredibly, CEO Changpeng Zhao claims Malta-based Binance, in fact, has no Shanghai office and that the allegations are part of a smear campaign paid for by rival crypto […]
BitMEX and Coin Metrics announced the release of a new technical tool that aims to provide in-depth data about the state of the Bitcoin network. Bitcoin transactions statistics BitMEX Research, the research arm of the cryptocurrency derivatives exchange BitMEX, in collaboration with one of the leading providers of crypto asset market and network data, Coin […]
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The People’s Bank of China (PBoC) wants to create a better standard for regulating new technologies in the financial industry. According to Xinhua News Agency, the regulations will apply to 17 different categories in the fintech industry, including blockchain, AI, and cloud services. PBoC spearheads effort to regulate fintech industry After months of uncertainty regarding […]
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Binance, one of the world’s largest cryptocurrency exchanges by daily volume, has announced the acquisition of major Indian crypto exchange WazirX and plans to launch fiat-to-crypto services in India within days. According to a blog post Thursday by Binance, India-based users will be able to purchase and sell crypto using Indian Rupees (INR) on Binance […]
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Bitcoin has been stuck in a rut in the time following its movement down towards $8,000, as it has failed to garner any decisive momentum and has continued consolidating around its near-term support level at $8,000. Bitcoin’s bulls have remained stubborn in spite of the crypto’s clear bearishness in recent times, as margin traders have […]
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Singapore’s financial regulatory authority announced that it is evaluating whether to allow crypto derivatives to be traded in the nation. Singapore vows to introduce crypto derivatives In response to the increasing interest from institutional investors to trade crypto-related products, the Monetary Authority of Singapore (MAS) issued a consultation paper proposing to let such products be […]
After adding ERC20 token tracking for all Ethereum dapps, data aggregator DappRadar uncovered $73 million in unaccounted for 7-day volume on the network. In a press release shared with CryptoSlate, the company said the increase in volume equates to $3.8 billion. Ethereum dapp ranking will now reflect real usage While decentralized applications are still a […]
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Elliptic, one of the leading crypto-asset risk management solutions providers in the world, found that less than 0.2 percent of all transactions on the XRP network are tied to illicit activities. $400 million worth of XRP linked to illegal activities Tom Robinson, the chief scientist and co-founder at Elliptic, announced today that the firm would […]
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The Ethereum blockchain recently experienced a spike in the number of ERC-721 transfers made on a single day. The surged appears to be related to a particular decentralized application (dApp) on its network that is taking off. 6 million tokenized items On Nov. 17, Ethereum saw the number of ERC-721 transfers on its network reach […]
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As theories on the potential sell-off of Bitcoin by miners emerged amidst declining sentiment around cryptocurrencies, major altcoins like Ethereum and XRP were at risk of a deep pullback. With the majority of altcoins still being correlated with Bitcoin to a large extent and analysts expecting the price of BTC to decline in the short […]
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