The three largest US stock market indexes plummeted by up to 3% yesterday as the price of Bitcoin failed to decisively overcome $25,000 once again, resulting in a pullback to just below $24,000. Most altcoins suffered even more on a daily scale, with MATIC, OKB, SOL, and several others dumping by around 7%. Bitcoin Mimicks … Read more
Many UK high street banks are blocking payments to and from major cryptocurrency exchanges such as Binance and Coinbase. Adrian Ip, managing director at Aqu, believes that this crackdown on crypto is due to the underlying reasons for this: banks are worried about losing out on profits from traditional financial products and services. As we … Read more
Crypto exchange Binance is suspending U.S. dollar transfers. This comes after their banking partner Signature Bank raised transaction minimums for dollar transfers. This has caused millions of dollars worth of crypto to flow out of Binance, but the company remains “net-positive.” Binance, the world’s largest cryptocurrency exchange, has announced that it will be suspending U.S. … Read more