A local crypto exchange founder says traders are clamoring for USDT. Wealthy Ukrainians, at least those who have not fled the country, are looking to cryptocurrencies as a safe haven for their assets as the Russian-Ukraine conflict heats up. However, there’s a limited supply of Tether’s USDT dollar-linked stablecoins, and that limit has pushed up […]
It’s the city’s first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities. Police in Shanghai arrested more than 10 people in connection with an approximately $16 million pyramid scheme that involved cryptocurrencies, the first such case to be solved in the city. The Shanghai police bureau had conducted an investigation […]
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Prices of the memecoin often see a surge after celebrity mentions. Dogecoin (DOGE) briefly jumped as much as 10% during Asian trading hours on Monday after Tesla CEO Elon Musk said in a tweet that he is not selling his crypto holdings, which includes DOGE. DOGE exchanged hands at $0.111 on 4:10 UTC amid a […]
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The RUNE protocol went live with synthetic assets trading on its platform last Thursday. Thorchain’s RUNE token, jumped 37% after its synthetic asset trading launch, and has extended that move since, now up 87% since launch. Thorchain, which is built on the Cosmos blockchain, is a decentralized liquidity protocol that specializes in cross-chain connectivity, allowing […]
The Series A was co-led by Solana Ventures and Jump Crypto. Slope Finance, the startup behind a digital wallet for the Solana blockchain, has closed an $8 million Series A funding round co-led by Solana Ventures and Jump Crypto. Slope management told CoinDesk the funds will help expand the team in the U.S., where Slope launched its […]
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Concerns over the economy and the situation in the Ukraine linger. Bitcoin (BTC) and other cryptocurrencies struggled to maintain earlier gains on Wednesday, although alternative cryptocurrencies such as Cosmos’ ATOM, Shiba Inu’s SHIB and Polygon’s MATIC rose as much as 9% over the past 24 hours, compared with BTC’s flat performance over the same period. Meanwhile, the rise in […]
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Indicators are neutral as BTC’s latest price jump pauses. Bitcoin (BTC) was trading in a tight range between $43,000 and $44,000 over the past 24 hours. Support is nearby, which could limit pullbacks over the short term. Buyers will need to maintain a price floor above $40,000 to sustain the uptrend from $36,000 that occurred […]
