The bearish pressure remains strong on the crypto market, many assets have shown new minimums, and the chances for a reversal are low.
Fireblocks announced that it is now transacting at least $2.5 billion in cryptocurrencies every month and has already achieved a 400% increase in customer growth and a 150% monthly transfer volume growth rate.
Bitcoin fell to a six-month low just above $6,500 on Wednesday, however, now it seems to have gained a little bit and stabilized above $7,000.
Upbit has lost 324,000 ETH to hackers, who transferred the funds to an unknown address. The exchange has taken a few temporary steps to ensure security, and has announced it will cover the loss to customers.
BitLord, a cryptocurrency influencer and investor, has leveled allegations against Ripple Labs calling the XRP token a security.
South Korea’s National Policy Committee is working on a new law for regulating cryptocurrencies in the country.
While apparently continuing to develop its digital yuan initiative, the PBoC recently enhanced its crackdown on cryptocurrency-related operations in the country.
Reports stated that Omni offered its storage services at an extremely low and unsustainable price and thus became a victim of “venture capital-subsidized business”.
Telegram founder Pavel Durov along with the company’s vice president and one more employee will give testimonies beginning on the SEC case.
TransferGo, which was already a part of RippleNet, will now start to use Ripple’s ODL for its cross-border transactions.
The cooperation of Booking.com and Travala.com will help in the promotion of blockchain and crypto services among travel enthusiasts in 230 countries and 90,000 global destinations.
Ripple Labs has just completed a $50 million investment in MoneyGram. Their collaboration dates back to 2018 when MoneyGram decided to test the use of XRP to reduce the costs of its money transfers.
In recent news, Binance Launchpad, which is a platform for new project token sales and fundraisings, announced a new IEO for Troy (TROY).
In his lengthy post from November 22nd, Vitalik Buterin explores 16 critical metrics and the progress made by the crypto industry over the last 5 years.
A new report from a few Chinese authorities has shown that 25,000 blockchain-related firms in China have tried to issue their own tokens.