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News and Articles by Diana



Tether

Capitalization of Tether increased by $2 billion

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In early August, the US Treasury imposed sanctions against the Tornado Cash service, which allows anonymous sending of digital currencies. Washington has evidence that this site was used for money laundering. The capitalization of the stablecoin Tether (USDT) has increased by almost $2 billion...

investor

Institutional investors again began withdrawing capital from crypto funds

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CoinShares analysts recorded the first outflow of institutional capital from crypto funds in the last six weeks. The researchers estimate that over seven days, large investors withdrew $17 million from crypto-focused funds. Bitcoin instruments lost $21 million, but traders put $2.6 million into...

Kazakhstan

Binance is preparing to receive a license from Kazakhstan

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In May 2022, the CEO of the Binance exchange, Changpeng Zhao, visited Kazakhstan and conferred options for cooperation with the President of the Republic, Kassym-Jomart Tokayev. The crypto company expressed its readiness to help this Asian state in the formation of its own blockchain...

Litecoin

Litecoin failed to hold on to a two-month high

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Litecoin (LTC) reached its highest level since the beginning of the summer over the weekend. On August 14, on some trading floors, the altcoin broke above $65 - this is the maximum value since June 8. However, LTC could not break the resistance in this area, and the rollback resumed on...

ausd

Stablecoin AUSD collapsed to $0.05 after a hacker attack

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Unknown people attacked the Polkadot-based Acala Network protocol and issued more than 1.2 billion AUSD. As a result, the price of the stablecoin at the moment fell to $0.05. The stablecoin is worth $0.87 as of this writing. "We have discovered an AUSD-related Honzon protocol setup problem....

mining

Shares of mining companies soared by 120% in a month

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Against the background of the resumption of capital inflows into the cryptosphere, mining companies were able to win back the losses incurred in May and June. Shares of the largest miners have, on average, rebounded 120% since the beginning of July, according to Yahoo Finance. In particular, shares...

Monero

Monero developers have updated the protocol

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On August 13, the Monero team successfully implemented a hard fork to update the protocol of the privacy-focused cryptocurrency. As part of the upgrade, the Bulletproofs algorithm has been upgraded to Bulletproofs+. As a result, the size of transactions decreased, and their speed increased. It is...

ETH

Ethereum price breaks $2,000 for the first time since May

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Quotes of the second largest crypto by capitalization have overcome the level of $2000. Ethereum last traded near this mark at the end of May 2022. ETH/USDT Hourly Chart on Binance Exchange. Data: Trading View. According to CoinGecko, over the past day, the asset has risen in price by almost 7%,...

Oasis

DeFi platform Oasis will block sanctioned addresses

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Sanctioned wallets will not be able to access the Oasis DeFi platform application at the front-end level. As a result of the change in the Terms of Service, addresses marked as high risk will be prohibited by the platform from using Oasis.app to manage positions and withdraw funds. “We recently...

Coinbase

The share of Coinbase in the spot market fell to 6.3%

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Since the beginning of 2022, the Coinbase cryptocurrency exchange has suffered heavy losses on many fronts. It fell to 14th place in the ranking of platforms in terms of trading volume in the spot market. The researchers emphasized that if in January Coinbase accounted for up to 10.7% of the total...

Mining

Miners sold over 5,700 bitcoins in July

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Mining companies eased the pressure on bitcoin in July by reducing sales of the cryptocurrency. Nevertheless, they did not completely abandon the sale and sold part of the BTC they mined last month. Mining pools sold 3,767 BTC in July, according to the Hash Rate Index. During the same time, they...

Bitcoin

Bitcoin gains value on US inflation data

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The night before, cryptocurrencies went on the offensive along with the stock market. Bitcoin was able to offset the losses it suffered in two days and briefly rose above $24,000 again. At the time of publication of this review, the largest digital currency was trading at $23,852. BTC...

China

12,000 social media accounts suspended in China for advertising crypto

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The Cyberspace Administration of China (CAC) announced the blocking of 12,000 social media accounts that promoted cryptocurrencies and attracted investors. According to the regulator, information was spread through Weibo, Baidu, Tieba, WeChat, and other platforms about “easy money on digital...

Pinata

NFT media management platform Pinata raises $21.5 million

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Pinata, a platform for NFT-focused media distribution, has secured $21.5M in total from Pantera Capital, Greylock, and other investors. Kyle Tut, co-founder and CEO of Pinata, reported that Pantera Capital, Greylock, and Offline Ventures led the $18M Series A and $3.5M seed rounds, with...

NFT

Top 5 NFT Software Developers

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NFTs are trendy these days, that's why we have decided to make a top NFT software development company, so you can choose wisely when you need this kind of service. Let's make everything clear and start with the understanding of the NFT concept itself. What Is NFT? A unit of account known as an NFT,...

Crypto bankomat

The number of bitcoin ATMs has grown by more than 500% in two years

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2021 has become a breakthrough year for the cryptocurrency industry. It was at this time that the number of terminals for operations with digital currencies increased dramatically in the world. according to a report by CoinATMRadar. In 2022, the pace of ATM installations slowed down as the industry...

Asian session

Digital currencies adjust during the Asian session

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Trading in the Asia-Pacific region on Tuesday, August 9, started with a weakening in investor activity. If the day before, capital entered IT stocks, today hedge funds and traders have again begun to transfer funds to fiat currencies. According to TradingView, the US dollar index rose to 106.3...

Hong Kong

Fraudsters stole $50 million in crypto from Hong Kong investors

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Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

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