The cryptocurrency market is not in a very good moment and it is certainly worrying many investors. While many are holding back in another turbulent market time, others are threatening to sell their assets. There are three likely reasons for this recent drop that has brought the total crypto market capitalization to a 10-month low. “The total crypto market capitalization has fallen to the lowest value in the last 10 months. More than $130 billion left the industry over the weekend, resulting in a $1.62 trillion capitalization drop. The value was not this low since August of last year, according…
Author: Farwa Raza
For KOLs planning to earn commissions by inviting new users, choosing a trading platform with a low entry threshold and attractive commissions are keys to higher returns. With that being said, which one should they go with among the many platforms that currently exist? Today, we will compare CoinEx, Binance, and Kucoin in terms of their entry threshold, rules and ratio of referral fees, and target group. I. CoinEx has a more flexible evaluation method: you only have to invite 3 traders per month 1. The Binance Affiliate Program Binance offers referral commissions through the Binance affiliate program, which asks…
Shiba Inu (SHIB) it is one of the most popular digital assets in the crypto industry that has attracted more attention and investors to the space largely due to its price performance. The asset, at the beginning of last year, was trading at $0.000000000073, however, its price touched a maximum of $0.00008841, 10 months later. This meant that any trader who had invested in the asset would have seen his investment increase by 121,000,000%, meaning an investment of just $1 would have made the investor a millionaire. The impact of Shiba Inuand other similar tokens, was so important to the…
The token related to Bored Ape, ApeCoin, has become one of the most traded digital currencies on the Ethereum network. According to data from WhaleStats, an on-chain data tracker, a whale had purchased more than 200,000 units of the currency earlier today. The on-chain tracker revealed that the transaction occurred more than 20 hours ago and is worth around $3.2 million. The whale’s wallet, called “Bonobo”, was locate among the top 5 ETH addresses and contains the native token of FTX, FTT along with others like USDT, USDC, as well as LINK from Chainlink and Wrapped Bitcoin. ApeCoin it is…
The Savior remains a country that proves to be Bitcoin positive, however, things do not seem to be going as smoothly as initially planned. The country’s Ministry of Finance has announced that it is “postponing indefinitely” the issuance of Bitcoin Bonds, called Volcano Bond. According to The Economist, the country’s financial situation has delayed plans to issue $1 billion in Bitcoin bonds. According to the Minister of Finance, Alexander Zelayathe bonds that would be issued from the first quarter of 2022 will remain in the queue. “We are waiting for the right moment and the president says that the bond…
with what is happening in upstate new yorkUSA, where they are about to ban Proof-of-Work (PoW) Bitcoin mining, how likely is something similar to happen in Europe? Does Bitcoin in Europe have the same fate as in the US? There are two important details to highlight in order to understand what the real risks are. The first is that the state of New York will not outright ban PoW-based mining, but instead impose a “full review” of the overall environmental impact for mining farms that mine PoW-based cryptocurrencies. like Bitcoin. This would not be an outright ban, but a ban…
The popular memecoin, Shiba Inu, has seen over 20 billion units of its token burned for its newly launched burning portal. The portal launched earlier this month and recorded more than 1,500 transactions that burned SHIB worth approximately $455,000. A breakdown of this burning process indicates that the burning portal has been used by approximately 1,203 users, with an average transaction burning around 14 million units of the meme coin. A closer look would reveal that of the top 10 burn contributions, nine of them occurred within the first 48 hours of launch. This indicates that the hype around the…
The “Otherside”, which is the metaverse of Bored Ape Yacht Club, went live today, marking the beginning of another exciting journey for the already successful community. “Your key to Otherside awaits you. The mint is live” Yuga labs, the developer community behind the Bored Ape yacht club announced at exactly 9:00 PM ET. The mint was set at a flat fee of 305 Apecoin per NFT with 55,000 Otherdeeds allocated to entities whose wallets had been verified or KYCed. However, buyers would still have to pay the gas fees on ethereum. Yuga Labs had also put a cap on the…
American investment bank and Wall Street giant Goldman Sachs processed its first Bitcoin-backed loan deal on Thursday. According to one publication According to Bloomberg, the bank provided a loan to a customer while accepting Bitcoin as collateral. “The secured loan facility lent cash secured by Bitcoin owned by the borrower. The deal was interesting to Goldman because of its structure and round-the-clock risk management,” a spokesperson for the bank said according to the Bloomberg report. This is another significant step in the acceptance of digital assets by investment banking. In early March, they began offering over-the-counter trading options for Bitcoin…
Finland says it will donate “tens of millions” of euros generated from the sale of confiscated Bitcoin to provide financial support to Ukraine. According to a report From Euronews, Finland’s finance minister announced a plan to support Ukraine’s war effort against Russia through the sale of confiscated crypto assets. The country currently holds 1,981 BTC, worth nearly €75 million, which were seized by customs officials during criminal investigations. Finnish Finance Minister Annika Saarikko tweeted that the government will donate “tens of millions” to help Ukraine, calling the decision “right and proper.” Hallitus lahjoittaa @SuomenTulli takavarikoimien bitcoinien myynnin tuoutuksen ansiosta kymmeniä…