The firm has sustained tremendous growth across its services despite slow market recovery AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, today reported a 170% increase in loans collateralized by bitcoin from Q1 to Q2 2023. The firm also saw an 88% jump in business accounts, 67%
The crypto market has faced severe selling pressure for the last few days. The price of Bitcoin declined all the way to the $25,000 range. At the time of writing the price has been trading in a confined range. During the severe crash, the majority of altcoins have also lost remarkably,
The crypto market is currently dominated by bears and one of the leading cryptocurrencies, Ethereum, stands as a testimony to it. ETH has been experiencing a steady downward momentum for an extended period. After briefly reaching $2000 following Ripple’s victory over the SEC in mid-July, the price was hovering in
XRP saw some recovery over the weekend after dropping to lows below $0.44 on August 17th. The altcoin closed back in the green on multiple days, prompting analysis firm Santiment to note XRP’s rebound along with other altcoins following last week’s broad crypto sell-off. Santiment suggested the bounce could continue
Avalanche (AVAX), a smart contract blockchain platform, is all set to make a significant move in the crypto market. The Avalanche blockchain’s native token, AVAX, is scheduled for its next token unlock this week, which will increase the supply of tokens available in the market. Token Unlocks, the token analytics
When asked about the potential of Dogecoin switching to a proof-of-stake (PoS) mechanism, a major contributor and developer Mishaboar hinted at maybe moving away from the project. When asked whether he would stake Dogecoin if given the opportunity, he revealed this information. The developer is skeptical of a PoS switch
The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump,
Bitunix, a leading crypto derivatives exchange, recently announced its strategic collaboration with Coinify, a prominent cryptocurrency payment company. This partnership aims to revolutionize the way users engage with cryptocurrencies by allowing payments through credit cards, bank cards, and even Apple Pay. With this integration, Bitunix is poised to broaden its
Algorand (ALGO) hit a new all-time low of $0.09 yesterday, reflecting a general negative trend in the market according to statistics from CMC. Since breaking below the previous set level in June, the ALGO price has been trying to find a new support level. The token’s value, however, hit a
The trillion-dollar crypto market witnesses yet another notable 24-hour drop of over 6%. Prices of the largest crypto members declining to further lows — Bitcoin (BTC) dropped below $26,500 and Ethereum (ETH) below $1,700 — drew major attention. Amid this downtrend, Ripple’s XRP and Litecoin (LTC) recorded maximum double-digit losses
