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” Crypto exchange BlockFi secures $250M credit from FTX amid bear market “ BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that…
” Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes “ Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates. On Friday, Huobi Group obtained the Innovation License under the Dubai International Financial Centre (DIFC), securing the…
” BTC Markets becomes first Australian crypto firm to get a financial services license “ Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. The license was issued by the country’s financial regulator, the Australian Securities and Investments Commission (ASIC), to BTC Markets’ sister…
” Crypto winter freezes sports sponsorships for digital asset firms “ The longer the crypto market stays in bearish territory, the more marketing deals with American sports teams are being taken off the table as crypto firms tighten their belts. Crypto exchange FTX has been rethinking its marketing plan to plaster its name and logo…
” Bitcoin futures enter backwardation for the first time in a year “ Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional…
” Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX “ The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they havprojected a significant upside from the current levels. The analysts cited the rising share of all…
” What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion “ On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was…
” Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support “ The total crypto market capitalization fell off a cliff between June 10 and June 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and…
” Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX “ The sharp fall in cryptocurrencies has pulled the total crypto market capitalization below $900 billion. According to CoinGoLive, 72 out of the top 100 tokens have declined in excess of 90% from their all-time highs. In comparison, the top-10 coins…
” Ethereum price risks a drop below $1K if these key price metrics turn bearish “ Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network’s migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW)…