Arkham Intelligence taps into several big whale wallets, funds of which are trapped into DeFi bridges such as Arbitrum and Optimism. Crypto exchange Coinbase also has $75,000 worth of funds stuck for nearly six months.
Apart from these setbacks in the US and the Philippines, Binance is also faced with several other regulatory hurdles threatening its operations.
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
The launch of FalconX’s Prime aims to change this dynamic by offering corporate crypto traders enhanced execution capabilities, stable credit lines, and portfolio margin options.
Binance is gradually losing its global trading market share to its many regulatory problems and increasing competition from other exchanges.
Fidelity continues to have a “neutral” outlook for Bitcoin stating that BTC is fairly priced with on-chain indicators also showing strength.
One of Hougan’s takeaways from the IMF Working Paper hinges on the fact that the organization is interested in Bitcoin.
Flare API Portal integrated Cosmos Hub into its range of expansive Public API offerings, providing improved access and functionality to developers through its interchain ecosystem.
PDVSA has recently begun accepting crypto payments for certain spot oil contracts that do not involve swaps.
Ripple has urged the court to impose a civil penalty of less than $10 million in the lawsuit filed by the US SEC and not the proposed $2 billion by the agency.
PayPal’s proposed solution will leverage Energy Web’s “Green Proofs for Bitcoin” platform certifying miners based on their grid impact and clean energy source.
Man City said the rarity of the NFTs is determined algorithmically. Owning five ultra-rare NFTs will grant access to a play-on-pitch experience, two tickets to a Manchester City match, and a limited-edition City shirt.
The United Arab Emirates emerges as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation’s progressive stance on digital assets.
The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting.
The Nigerian government has been pushing the Binance crypto exchange to pay as much as $10B for the significant economic disruption caused.