Binance stated that its Poland subsidiary will begin serving citizens of Belgium in compliance with a directive from the Belgian Financial Services and Markets Authority (FSMA). Binance said on August 28 that the exchange’s Polish subsidiary, Binance Poland sp. z o.o., which was formed in January with approval from Polish
August 29, 2023 1 min read
The number of people involved in NFT trading has dropped to a level not seen in last two years. In April of 2022, the NFT market had $480,738,395 in volume. However, the weekly volume has decreased to a meagre $10,054,152 as of the end of August 2023. Moreover, in recent
August 29, 2023 2 mins read
Paul Chan Mo-po, the finance secretary of Hong Kong, has stated his continued belief in blockchain technology, which he predicts will usher in a period of remarkable growth for the digital technology sector. Chan predicted that new forms of Web3-based entertainment will dominate the next generation of digital media in
August 28, 2023 1 min read
The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate
August 28, 2023 1 min read
On-chain data shows that the newly launched PYUSD stablecoin is struggling to acquire adoption. Nansen, a blockchain analytics company, estimates that around 90% of PYUSD is kept in the wallets of stablecoin issuer Paxos Trust at the present time. The research claims that Kraken, Gate.io, and Crypto.com wallets have a
August 26, 2023 2 mins read
As the bulls and bears continue their fight, the ETH price has been under intense selling pressure. On the other side, there are hints of new developments in network activity data. Santiment, a data analytics platform, highlighted a critical aspect of growing centralization: the abandonment of retail traders in the
August 26, 2023 2 mins read
The XRP token, which is embroiled in a protracted legal fight with the U.S SEC, has been struggling amid the recent market downturn. Trading volumes for XRP have returned to pre-July decision levels in the SEC lawsuit. Despite the positive verdict, XRP’s amazing surge after the judgment failed to meet
August 25, 2023 1 min read
Bitcoin (BTC) price failed to sustain the bullish momentum after the price spiked on August 23, and is now trading around the $26,000 mark. Despite the ongoing bear assault, on-chain data is showing signs of improvement for traders. The data shows that Bitcoin supply on cryptocurrency exchanges has hit a
August 25, 2023 2 mins read
Bitstamp, a cryptocurrency exchange, has decided to end its staking services for users in the U.S. The exchange takes a 15% cut of staked rewards, as stated on their website. Staking ETH on the exchange yields a monthly payout of 4.50%, while staking Algorand yields a monthly return of 1.60%.
August 24, 2023 2 mins read
The overall crypto market has witnessed brief recovery as the price of Bitcoin along with major altcoins are trading in green. This for the time being puts a halt on the recent bloodbath which brought the prices of almost all cryptocurrencies to record lows. Bitcoin is now trading at $26,505
August 24, 2023 2 mins read