Binance is reportedly set to suspend all US dollar (USD) deposits and withdrawals. According to a crypto news report on the matter, the suspension starts on 8 February 2023. Binance will reportedly continue to support all other payment methods, including bank transfers in another currently supported fiat currency. Binance will
Marathon reports a 45% sequential increase in its monthly BTC production. The digital asset technology company also sold 1,500 bitcoin last month. Wall Street sees upside in Marathon stock to a little under $12 on average. Shares of Marathon Digital Holdings Inc have lost nearly 15% in recent sessions after
Lightning Network has reached over 5,490 in Bitcoin payments capacity, an all-time high. Transactions in BTC on the layer-2 payments network have increased roughly 63% since January 2022. The increased Bitcoin micropayments via Lightning Network comes as BTC price retreats below $23k after a great rally to start 2023. Lightning
Cryptocurrencies hog the spotlight, but blockchain’s biggest innovations are below the surface, saving billions each year for the world’s largest companies. Edited by Michael del Castillo and Matt Schifrin Reported by Maria Abreu, Nina Bambysheva, Justin Birnbaum, Lauren Debter, Michael del Castillo, Steven Ehrlich, Chris Helman, Katie Jennings, Jeff Kauflin
SingularityNET blockchain allows users to monetize AI services. AI has gained popularity recently after the launch of ChatGPT. AGIX token has been on a very bullish trend since the turn of the year. The price of SingularityNET (AGIX) has risen by over 774% over the past month and the bull
Charlie Munger reiterates his view on cryptocurrencies. He lauds China for executing a full ban on cryptocurrencies. Cryptocurrencies are having a fantastic start to the new year. U.S. government should push ahead with an absolute ban on cryptocurrencies, says Charlie Munger – the Vice Chairman of Berkshire Hathaway. Munger says
Bitcoin price fell slightly to retest support near $23,250 on Friday. The top cryptocurrency’s price action mirrored early trades on Wall Street as the market reacted to US economic data. The US added 517,000 jobs, against an estimated 188,000 and unemployment fell to 53-year low of 3.4%. Bitcoin responded to
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the
OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March. Optimism
Everlend Finance has closed down its lending app. Users have been advised to withdraw their assets. The crypto lender has blamed the current liquidity crunch in the market for the shutdown. Everlend Finance a DeFi lending protocol built on Solana (SOL/USD) has announced the closure of its lending platform citing
MakerDAO will set up the Defense Fund with an initial 5 million DAI. The fund acts as a self-insurance tool and will only cover legal defense expenses of specific MakerDAO participants. Funds will be secured in a multisig wallet, with the Maker Protocol taking control as a beneficiary. MakerDAO, the
The US SEC has accepted that the LBRY Credits (LBC) token is not a security. LBC Token shot up to a daily high of $0.03225 after the news. At press time, the token was trading at $0.0278. The price of LBRY Credits (LBC) surged by over 90% earlier today after