While the broader crypto market is still struggling with the bearish trends from last week, LUNA, the native cryptocurrency of the Terra ecosystem, is currently one of the best-performing assets in the market. According to data by CoinGecko, LUNA has gained over 50% within the...
Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip
Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales...
Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal
Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, as per a report published in Economic Times. The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders to use...
Alameda Research leads $35M fund raise for crypto trading app Stacked
Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked. On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and...
Huobi and Shiba Inu community to help BitMart overcome $200M hack
Following a near-$200-million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Sunday, crypto exchange BitMart became victim to a hot wallet compromise hosted over the...
Cardano’s DEX SundaeSwap Launches Public Testnet
In an accouchement on Dec 5, the company behind Cardano – Input Output HK – stated that the SundaeSwap DEX was launching imminently as a testnet. IOHK added that it anticipates a growing interest in Cardano’s big DEX ambitions. “We’re expecting a huge amount of...
BTC sentiment ‘comparable to a funeral’ — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, the first of which is $50,000. As a sense...
Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects
Binance Smart Chain (BSC) and Animoca Brands are launching a $200-million investment program to incubate early cryptocurrency-focused gaming projects building on BSC. BSC and Animonica announced on Monday that they are co-investing up to $100 million each to support game projects in the GameFi sector....
Virtual land in the metaverse dominated NFT sales over past week
Digital land is in high demand in what is already a highly lucrative market as the past week’s nonfungible token (NFT) and Metaverse sales figures revealed. Data from industry metrics platform NonFungible.com indicates that there has been more than $300 million in NFT sales over...
Decentralized exchange aggregator trading volumes surge to new highs
Trading volumes on popular decentralized exchange (DEX) aggregators have surged to new highs over the past few weeks. Decentralized exchange aggregators provide a way for token traders and swappers to scan several DEX platforms to get the best swap rates at the time. According to...