Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed

Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for…

The United States Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud,” with nearly half of all crypto-related scams originating from social media platforms in 2021. Published on Friday, the report found that as much as $1 billion in crypto has been lost to scammers throughout the year, which was more…

Some 2,500 crypto-curious blockchain believers descended on Barcelona’s Hyatt Tower conference suites last week in a networking bonanza. The 8th edition of the European Blockchain Convention, and the fourth occurrence in Barcelona, also coincided with Bitcoin (BTC) sitting tight below $25,000.Despite an over 60% crypto drawdown, the conference was packed, and reportedly 2,500 attendees from banks,…

In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability. A top federal official representing India's central bank, the Reserve Bank of India (RBI), recommended all banks adopt artificial intelligence (AI) and blockchain technology to ensure sustainable growth and stability.In an RBI-organized…

Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues. 413 Total views 1 Total shares On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step toward integrating it for deposits and withdrawals.In a tweet, Binance acknowledged users who…

The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more. 256 Total views 5 Total shares The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth…

Changpeng Zhao, the co-founder and CEO of cryptocurrency exchange Binance, suggested that for most, keeping crypto assets on an exchange is safer than keeping the keys themselves.Zhao gave his comments in a tweet on Jan. 19 after famous crypto skeptic and gold bug Peter Schiff complained that he lost access to his Bitcoin (BTC). Invoking…

A crypto analyst claimed that staking Bitcoin within exchanges allows them to sell it to someone else; Cointelegraph reached out to the platforms for more info. 1543 Total views 4 Total shares Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC…