Bitcoin (BTC) Whale Trade Indicates Recovery From $40k, Here’s Why
Bitcoin (BTC) has plummeted from its 2022 highs and is currently stuck in a trading pattern seen for most of the year. But Long-term traders with large holdings are taking advantage of the token’s lower valuation by buying dips. BTC is trading at about $40,000, down, and has dropped over 11% in the last seven […]
MetaMask wallet integrates 4 new crypto custodians
MetaMask, a decentralized finance (DeFi) wallet and browser extension has integrated four new crypto custodians Gnosis Safe, Hex Trust, GK8, and Parfin, in a strategic partnership. The new connection would give decentralized autonomous organizations (DAOs) with key management capabilities to participate in DeFi activities, according to MetaMask Institutional (MMI) , the institutional version of the […]
Chinese Banking Associations warn of NFT-related risks
Despite China’s anti-crypto stance, large corporations and even government agencies continue to assess NFTs, however, Chinese Banking Associations are looking to limit the risk of illegal financial activities involved with NFTs. In a statement released today, China’s Internet Financial Association, China Banking Association, and China Securities Association said they want to “resolutely curb” the tendency […]
Terra’s Additional 2508 Bitcoin Purchase Fails To Boost Prices, Here’s Why
Terra’s community The Luna Foundation Guard (LFG) added 2508 bitcoins worth over $100 million in its Bitcoin treasury on Wednesday. The LFG now has 42,406.92 BTC in its wallet address as a result of the current purchase. However, despite purchasing Bitcoin for $250 million this week, it has been unable to boost the BTC price […]
Nexo to launch crypto card in partnership with Mastercard, DiPocket
Nexo, a digital asset management, has teamed up with Mastercard and DiPocket to develop a Mastercard-backed crypto card that will enable users to access a crypto credit line, using their digital assets as collateral. The Nexo Card is a cryptocurrency-backed credit card that allows cardholders to use their bitcoin as collateral instead of selling it. […]