Crypto Bank Galaxy Digital Loses $134 Million in Q1

July 27, 2018
The Last Cryptocurency
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Crypto investment bank Galaxy Digital lost $134 million in the first quarter of 2018, largely due to declining cryptocurrency prices.

Oct 5, 2020 at 11:07 UTCUpdated Oct 5, 2020 at 11:11 UTCBitcoin futures listed on the Chicago Mercantile Exchange (CME) have lost their shine in recent weeks, and that’s in part due to explosive growth in decentralized finance (DeFi), an analyst says.According to data source Skew, open interest or open positions in CME bitcoin futures…

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

Binance CEO and founder Changpeng "CZ" Zhao came close to shuttering the crypto exchange's U.S. arm earlier this year in order to protect the wider company, The Information reported on Tuesday.A person familiar with the matter told the outlet that the board of directors of Binance.US, the U.S. affiliate of the massive exchange, voted on…

White House Mulls Bitcoin Reserve Backed by Gold and Tariffs

According to Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, the Trump administration is exploring the creation of a U.S. Bitcoin Reserve funded through alternative government revenue streams. Speaking in a recent White House interview with investor Anthony Pompliano, he revealed that officials are assessing the use of revenue from

Zcash Releases Open-Source Code for Private-Only iOS and Android Wallets

Electric Coin Company (ECC), which oversees the development of Zcash (ZEC), has released the source code for shielded-only iOS and Android wallets. ECC announced the publication of the open-source code on Twitter on June 10. While the release does not come in the form of ready-built wallet applications for iOS or Android, it gives developers…

Ethereum Whales Add $4.55 Billion Worth of ETH Since September 11

The crypto sector has been trapped in bearish patterns for several weeks, and even big tokens such as Ethereum are under tremendous pressure. This has resulted in the massive dumping of tokens which has further dampened the chances of potential upticks. However, there have been some signs of accumulation amidst the current market misery. Accumulation…

What Binance’s Exit From Nigeria Means for P2P Bitcoin

Some Nigerians were shocked when crypto exchange Binance announced they would discontinue all services in Nigeria by March 8. Despite facing scrutiny from regulators before the announcement, many people still asked how the biggest exchange in crypto could just disappear from the world’s fastest growing market for bitcoin adoption. I wasn’t shocked because I’ve been

Bitcoin Charted 3-Week High as Crypto Markets Added $30B Overnight (Market Watch)

Shortly after the US government said it reached some sort of a deal regarding the debt ceiling, BTC jumped by over a grand to register a three-week high. The altcoins are also in the green today, with ETH tapping $1,900 for the first time since early May. BTC Shot Up to Local Peaks Bitcoin was…

Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood

The case for a continued rally in bitcoin (BTC) to $40,000 and higher by the year-end has strengthened, with centralized exchanges recently witnessing a sizeable exodus of coins.Data by Glassnode shows just over 37,000 BTC, worth $1.4 billion, has been withdrawn from exchanges since Nov. 17 in a sign of investors taking direct custody of their coins.The

Binance’s Secure Asset Fund for Users (SAFU) Now Valued at $1 Billion

A few years after launching the Secure Asset Fund for Users (SAFU) initiative, Binance has updated it, and its value rose to $1 billion. This comes amid the growing number of hacks and security breaches in the cryptocurrency industry. The announcement from the company described the product as an “emergency insurance fund” established by the…

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