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Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions

Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana....

El Salvador And Justin Sun Commit To Buying 1 BTC Everyday

.Nayib Bukele, El Salvador’s president, has always been a very strong supporter of Bitcoin (BTC) as a store of value for his country....

Crypto Lender Genesis Trading Halts Withdrawals

Genesis Global Capital, the lending arm of crypto investment bank Genesis Trading, halted withdrawals amid a liquidity crunch.Citing “unprecedented market turmoil”, the Digital Currency...

OCBC Appoints Veteran Banker Noel Gerald DCruz as Group Chief Risk Officer

OCBC Bank announced the appointment of veteran banker Noel Gerald DCruz as Group Chief Risk Officer from 1 January 2023, succeeding Vincent Choo who...

Sei Network Unpacked: Testing the New Layer 1 Ahead of Its Token Airdrop

Key Takeaways Sei Network is an upcoming DeFi-focused Layer-1 blockchain built on Cosmos. It hopes to become a “decentralized Nasdaq” by offering fast transaction execution...

Self-driving truck startup TuSimple ousts CEO over ties to Chinese rival

Self-driving truck biz TuSimple fired co-founder and CEO Xiaodi Hou on Monday amid what's reported to be US federal investigations into whether he inappropriately...

Dogecoin (DOGE) Rallies Over 10% For Second Day, Huge Whale Transactions

The world’s largest memecoin is currently on a roll gaining more than 10% for the second consecutive day! As of press time, DOGE is trading 15% up at a price of $0.075 with a market cap of just under $10 billion. this is for the first time in ten weeks that the DOGE price is

The post Dogecoin (DOGE) Rallies Over 10% For Second Day, Huge Whale Transactions appeared first on CoinGape.

CryptoSlate Wrapped Daily: Phishing attack steals 700 Ethereum; Moldova bans crypto mining

The biggest news in the cryptoverse for October 26 includes the theft of over $1M worth of Ethereum by a phishing attack, Vitalik Buterin’s tweet deeming ZKPs “necessary” for Ethereum and Binance overtaking Huobi in crypto derivatives trading.

The post CryptoSlate Wrapped Daily: Phishing attack steals 700 Ethereum; Moldova bans crypto mining appeared first on CryptoSlate.

Aptos (APT) Continues To Hold Gains During Market Uncertainty

Despite trading in the red zone on the day, Aptos continues to hold decent gains in the last few weeks. Launched this October, the potential Solana killer has recorded huge trade volumes in just the first few trading days. The price of one APT token rose by more than thirty percent throughout the last weekend. Specifically, it increased from $7 to an all-time high of $10.25 on Sunday, October 23. Since then, there has been a retracement in the price of APT, which has settled at $8.89 at press time. There’s no telling where Aptos will go from here. But despite a 1.46% decline on the day, Aptos is still holding decent profits from when its launch price. Related Reading: This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How Aptos Positions Itself As A Top-50 Coin Despite Criticism On October 17, the Aptos team announced they had successfully launched their mainnet. Afterwards, the APT token was made available for trade on several cryptocurrency platforms. The token didn’t take much time to position itself as a top-50 coin on CoinMarketCap. Aptos grabbed the 47th spot with a total supply of 130,000,000.00 and a $1,178,169,163 market cap. However, Aptos experienced some volatility at launch amid several criticisms from traders and the entire crypto community. Twitter criticized the initiative, stating the chain’s 7 TPS is considerably below the 130k TPS promised before launch. Traders were also concerned about the project tokenomics. They noted that it slightly favoured the private investors and developers who obtained a massive 50% of the token supply and presently retain 80% of them. Furthermore, the project has been met with many scam airdrops, resulting in the team muting the token’s Discord server. The project’s founder, Mo Shaikh, defended it on Twitter by saying, “building a decentralized protocol from the ground up is tough!” However, as we all know, you never get a second chance to make a good first impression. Aptos Trading Red on The Day, More Negative Trends Ahead? The current trend of Aptos is bearish. As of writing, Aptos is losing 3.88% against the US dollar, trading at $8.93. According to Wu Blockchain, the main reason is the negative Aptos token perpetual contract financing rates on Binance, OKX, Bybit, and FTX. With a negative rate, bearish sentiments prevail, and short-sellers are eager to compensate long-sellers.  Active hedging may be the main cause of these negative financing rates. This comes after Aptos’ engineers revealed a lack of knowledge of some blockchain processes, such as the Sybil attack. APT had a large increase in selling pressure after an unexpected airdrop was released, leading to the creation of short positions. Related Reading: Bitcoin’s Break Above $20,000 Sees Market Liquidations Cross $1 Billion As funding rates become blatantly negative, short liquidations often occur, leading to a “short squeeze” or unexpected bounce. There’s no telling where the Aptos price will face next. However, it has faced resistance at the $9.17 mark today and looks to retest the level before the trading day ends. Featured image from Pixabay and chart from TradingView.com

Whales Move 3.3 Trillion Shiba Inu; Will SHIB Surge Ahead?

The world’s largest meme crypto like Dogecoin and Shiba Inu prices printed green indexes as the global digital asset market saw a broad recovery. However, the whale transaction trackers have reported that crypto whales have added a load amount of Shiba Inu over the past 24 hours. Shiba price up by 5% According to Whale

The post Whales Move 3.3 Trillion Shiba Inu; Will SHIB Surge Ahead? appeared first on CoinGape.

CryptoSlate Wrapped Daily: Staked ETH soars in Q3; Bitcoin volatility causes Tesla $106M loss; Binance close to finding hacker

The biggest news in the cryptoverse for October 25 includes the amount of staked Ethereum surpassing 14 million year-to-date, Tesla’s $106 million loss to Bitcoin volatility, and Apple’s guidelines on how iOS developers can add in-app NFT purchase functions to their apps.  Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price […]

The post CryptoSlate Wrapped Daily: Staked ETH soars in Q3; Bitcoin volatility causes Tesla $106M loss; Binance close to finding hacker appeared first on CryptoSlate.

Binance USD Supply Increases Amid Heated Stablecoin Wars

binance-usd-supply-increases-amid-heated-stablecoin-wars

The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually,…

The post Binance USD Supply Increases Amid Heated Stablecoin Wars appeared first on Bitcoin News Miner.

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