Binance Quits Support For Anonymous Litecoin Transactions
While most crypto exchanges like Binance have implemented strict KYC and AML guidelines, Litecoin’s new MWEB upgrade makes transactions private. Binance has announced that it will no longer support Litecoin (LTC) transactions sent via the latest MimbleWimble (MWEB) upgrade. Binance has warned that any transaction sent via the MWEB function will be lost because the […]
Ethereum Network Delays Difficulty Bomb As Adoption Rate Grows
The goal of the difficulty bomb is to make Ethereum mining less profitable so that miners won’t do it before the long-awaited Merge. Ethereum network developers have decided to postpone the difficulty bomb, a major step toward the layer-1 blockchain’s highly anticipated Merge upgrade. According to core developer Tim Beiko in a June 11 tweet, […]
Bitcoin (BTC) RSI Enters Oversold Territory
The crypto market has had a rough weekend, with Bitcoin price significantly falling following the release of US inflation figures last Friday. Bitcoin (BTC) is trading 6.57 percent lower at $25,673, reaching an 18-month low, as of press time. Bitcoin has corrected more than 18% every week. However, some technical indicators suggest that now is […]
Huobi Launches Web3 And Blockchain Investment Arm Ivy Blocks
Ivy Blocks, which is what Huobi called it, will look for projects in their early stages and help them with financing and other services, to make the Web3 ecosystem better and more inclusive. Web3 has grown into a thriving nascent industry, with many crypto exchanges and venture capital firms joining the trend. Huobi, a top […]
Celsius Moves $320 Million Worth Of Crypto To FTX
In addition to suspending withdrawals for users, Celsius has moved more than $24 billion in Aave funds to the FTX exchange for reasons that have not been disclosed. Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to the FTX exchange. The […]