Author: Staff Writer

Dogecoin withdrawals have been frozen on the leading crypto exchange Binance. The freeze has led investors to question the exchange’s motives. But it would seem that it was a move that was made out of necessity. It is not the first time that Dogecoin investors would be having problems with exchanges and trading platforms when it comes to storing their coins. A similar issue had occurred with Robinhood at the height of the Doge rally but had subsequently been resolved. This time though, it is users of Binance that are having troubles when it comes to their Dogecoin holdings. While…

Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CoinDesk reported, with a month-over-month increase of 44%. They had an important surge of 2,648% in users who registered to the platform from some of India’s largest cities, Mumbai, Delhi, Kolkata, Chennai, Bengaluru, and Hyderabad (Tier II and Tier III), where crypto trading already had reported maturity before with high rates of interest and…

Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. The latter has been the norm going on four months now. Since August, bitcoin exchange reserves have been plummeting with no signs of stopping. This has shown investor sentiment to be in the positive regarding the future of the asset, hence they are less…

News of Elon Musk selling Tesla shares has rocked the market lately. The billionaire had sold a total of 2.15 million shares valued at $5 billion on Thursday. The sale comes after a widely received poll that the Tesla boss had earlier set up on Twitter to ask the community what they think about him selling off the shares. At the time, the stocks Musk had proposed to sell had been worth around $25 billion. After the poll went live, it had garnered over 3.5 million votes, with the majority saying that he should sell off the shares. It was…

Abu Dhabi Global Market has three operational virtual assets, or what are commonly called cryptocurrency exchanges, and three more are at various stages of preparation for a soft launch as it looks to expand online asset trading options for investors, the financial hub’s Financial Services Regulatory Authority chief executive said. The soft launch phase refers to a stage where a company signs up clients and accepts their digital assets and fiat funds before commencing trading operations. The regulator expects the “next few launches” to take place in the first half of next year, subject to final approvals, its chief executive…

The SEC rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) on Friday. The decision was widely expected as SEC chair Gary Gensler has indicated his preference for a bitcoin futures ETF over a spot bitcoin ETF several times in the past. The SEC has delayed a decision on the application twice before. https://twitter.com/EricBalchunas/status/1459199179293528067?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1459199179293528067%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Frarehippo.news%2Fwp-admin%2Fpost.php%3Fpost%3D3061action%3Dedit Key regulators, particularly Gensler, have indicated they are reluctant to expand crypto offerings, particularly a “spot” bitcoin ETF, unless there is legislation clearly defining which regulatory agencies have control over the various crypto spaces, such as crypto exchanges. “I think pessimism about a…

Miami Mayor Francis Suarez said he intends to give proceeds from the city’s cryptocurrency, MiamiCoin, directly to residents. Those proceeds, totaling roughly $21 million dollars, are a result of Miami staking its cryptocurrency in order to earn Bitcoin, according to the cryptocurrency news site Coindesk.com, which conducted an interview with Suarez on Thursday. “We’re going to be the first city in America to give a Bitcoin yield as a dividend directly to its residents,” Suarez told the hosts of the site. “We’re going to create digital wallets for our residents, and we’re going to give them Bitcoin directly from the…

Experts investigating Shiba Inu have found a connection with Ethereum co-founder Vitalik Buterin. Buterin or Ethereum core developers may be associated with the Shiba Inu token’s creation and development, according to findings by Figaro Research. The news has sparked a sudden rise in take-up of the coin over the last 24 hours. The Dogecoin-killer Shiba Inu ranks eleventh by market capitalization. After flipping Dogecoin a few times, SHIB price has plunged nearly 15% over the past two weeks. Shiba Inu is on track for recovery as SHIB on-chain activity explodes. The 24-hour SHIB trade volume has crossed $5.6 billion across…

On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by MasterCard, an announcement and plan was laid out that is a push in the direction in future economics for the firm, with a highlight specifically around cryptocurrency. MasterCard: New Grounds For Old FeetIn this plan, MasterCard discussed specific things that will help the crypto community push forward and allow everyday people to feel more safe about…

Bitfarms trades 4.3% higher premarket after it acquired a 24 MW hydro power farm in Washington state; till date, 4K Bitmain S19j Pro miners, with 400 petahash/second (PH/s) capacity, have already been installed under a 12 MW hosting agreement which commenced in July 2021 and was terminated on acquisition closure. The total consideration stood at $26M with $23M in cash and $3M in shares based on a price of $7.17 for 414,508 shares. In the newly acquired facility, the company plans to house ~6.2K Bitmain S19j Pro miners capable of 620 PH/s. It also entered into a MoU with the…