News
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Philippine SEC gives unregistered platforms a three-month grace period before implementing ban
- December 15, 2023
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No CommentsThe Philippine Securities and Exchange Commission (SEC) has provided clarity on the previous advisory, stating that unregistered platforms, including Binance, will face a ban within three months. On December 13, the head of the financial regulator, Kelvin Lee, addressed concerns at a panel discussion on educating customers about unregistered exchanges. Lee revealed that institutions lacking
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Bitcoin derivatives demonstrate robustness amid market swings aiming for $50K target
- December 14, 2023
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Bitcoin (BTC), currently navigating below its 2023 peak and grappling to sustain a position above the $41,000 mark, reveals remarkable resilience in the face of market uncertainties. The derivatives market offers a beacon of optimism as traders remain steadfast in their pursuit of a substantial $50,000 target and beyond. The eventful liquidation of leveraged long
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Nasdaq to apply cryptocurrency technology for carbon market expansion
- December 14, 2023
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Nasdaq is poised to leverage the technological advancements developed for its cryptocurrency initiative to make inroads into burgeoning markets. The prominent stock exchange operator, having recently abandoned plans for a digital asset custodian business in the United States, is now aiming to utilize its technology to attract clients keen on diverse assets, including carbon. Tal
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Bitget crypto exchange sees 20% increase in new user registrations with 89% buying Bitcoin in December
- December 14, 2023
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The first week of December delivered major advancements in the fast-paced world of cryptocurrencies for Bitget, a leading crypto exchange, as it saw a remarkable 20% surge in new user registrations compared to the entire month of December in the previous year. The surge in interest was particularly intriguing, with 89% of these new users
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Ethereum’s supply reaches lowest level since Shanghai upgrade
- December 14, 2023
- Posted by: [email protected]
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The supply of Ethereum (ETH) has recently hit its lowest point since the groundbreaking Shanghai upgrade, experiencing a decline of more than 309,500 coins since September of the previous year. According to Ultra Sound Money data, about 1.195 million ETH has been burned since the transition to the Proof of Stake consensus on September 15,
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Crypto market drop signals deleveraging rather than fundamental news
- December 13, 2023
- Posted by: [email protected]
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The recent decline in the cryptocurrency market, with Bitcoin leading the way by dropping sharply towards $40,000, has caught the attention of crypto analysts. Unlike previous market movements triggered by specific fundamental news events, this downturn is being interpreted as a result of deleveraging. Deleveraging refers to the reduction of borrowed capital in financial markets,
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Pudgy Penguins introduces ‘Pudgy World’ powered by zkSync Era to revolutionize Web3 gaming
- December 13, 2023
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Pudgy Penguins, a well-known NFT project, is set to redefine its presence in the crypto space with the forthcoming alpha launch of “Pudgy World,” a revolutionary Web3 game. Powered by the Ethereum Layer 2 network zkSync Era, this alpha release, scheduled for Q1 2024, signifies a strategic move by Pudgy Penguins to transcend its roots
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Bitcoin’s remarkable 2023 rally outshines gold, surging by 166% despite market volatility
- December 12, 2023
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Bitcoin (BTC) is currently trading at $43,850, experiencing a slight dip of nearly 0.50% on Sunday. Despite this minor fluctuation, Bitcoin has showcased exceptional performance throughout 2023, overshadowing traditional safe-haven assets like gold. The year has seen Bitcoin surge by an impressive 166%, far surpassing gold’s modest 9% gain. This significant rally underscores the increasing
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Champions Ascension teams up with Amazon Prime to offer exclusive in-game rewards
- December 12, 2023
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Champions Ascension, an action-packed combat-oriented role-playing game, has entered into a partnership with Amazon Prime, offering exclusive in-game rewards for its subscribers. Commencing on Friday, Amazon Prime Gaming members can claim 100 in-game gold and a loot box containing monster parts, which are essential for crafting monsters in the upcoming Maestro Towers mode. While Champions
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Bitcoin experiences downturn as altcoins surge
- December 11, 2023
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The recent surge in Bitcoin’s price, propelling it to new 19-month highs, has been accompanied by growing caution among analysts, with concerns raised about a potential reversal in its upward trajectory. Matthew Hyland, a well-known analyst and commentator, highlighted a key indicator of this uncertainty – Bitcoin’s dominance in the overall cryptocurrency market cap. Hyland’s