The coin has bounced back recently and is up 8.91% in the last 24 hours. Rumours started circulating on Crypto Twitter that KuCoin was about to fall. Over the past seven days, the price of KuCoin Token (KCS), the cryptocurrency exchange’s native token, has plummeted due to insolvency rumors. As
Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratorium in the Singapore courts. Today, Singapore-based cryptocurrency lending and exchange venture Vauld has halted all withdrawals, trading, and deposits on its platform As
SBF confirmed that FTX is not open to acquire crypto mining firms. Earlier, FTX had provided more than $240 million credit line to BlockFi. Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, declined the latest rumor surrounding the company. On Saturday, SBF cleared the speculation through a tweet that
The crypto market appears to be falling further due to the low trade volume. Crypto experts believe that Bitcoin would reach down to $6,000. There are many factors for the dip in BTC’s price value. The crucial reality is that BTC has dropped to $19,000, has already hit $18,000 in
FTX US has inked a term sheet that allows for a takeover of the ailing crypto lender. BlockFi would take care of its customers before it had to make good on its debt to FTX. FTX US, the U.S. section of the crypto exchange run by billionaire Sam Bankman-Fried, has
Polygon SDK is the system’s backbone, providing a modular and adaptable framework. Recently Celsius has halted withdrawals citing extreme market conditions. Let us look at the top 3 trending searches on CoinGecko as per CryptoDep. ⚡️Trending Searches by @CoinGecko 1 July 2022$MATIC #MATIC $VRA #VRA $CEL $SOL $ONE $NMR $BNB
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
Almost $4 billion in mining-rig-backed loans are in jeopardy. Bitcoin miners who need to sell would continue to exert downward pressure. Miners have been hit hard by the 21% decline in the price of bitcoin (BTC) since it peaked two weeks ago. According to a Bloomberg report, some mining-machine-backed debts
The bear market is called the bear market because bears hibernate during winter, which is generally regarded as a period of slow growth. However, according to some, the reason why it’s called a bear market is because of the old saying “you don’t sell a bear’s skin before you’ve caught
Switzerland’s Finma CEO states that the crypto market needs stricter regulations. The volatile market resembles the 1928 US stock market. Swiss Financial Regulations joins the list of nations planning to implement stricter laws and restrictions on cryptocurrency and its market. The reason being stated is to protect the investors and
