Cryptocurrency

Crypto wrap: Market participants coming out of bear phase, expert

Last week, cryptocurrency investors received some respite from the fall in the value of digital tokens. Over the previous seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent, according to coinmarketcap.com. Bitcoin and Ethereum are the largest and the second-largest digital tokens by market cap, respectively. Market data suggests that…

Crypto derivatives volumes surge to $3.12 trillion in July: Repor

Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes…

Letting ED add its chilling effect to crypto winter will kill the

If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan. After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country’s largest crypto exchange. Binance’s November 2019 blog post, which had announced the takeover, now comes…

Ripple Labs interested in bankrupt crypto lender Celsius’ a

San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. “We are interested in learning about Celsius and its assets, and whether any could be relevant to our…

Binance ceases off-chain fund transfer with WazirX after ED raids

The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance. The crypto platform will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option, Patrick Hillmann, Chief Communications…

Twitch gambling boom is luring gamers into crypto casinos: Report

Enneric Chabot, 26, didn’t start gambling until he saw his favourite gamers doing it online. Three years ago, Chabot began regularly watching Felix “xQc” Lengyel, a former professional Overwatch player, as he competed in various video games on Amazon.com’s livestreaming site Twitch for audiences of up to 25,000 viewers. In 2021, during some of his…