Category: News


Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT Collectibles


Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT CollectiblesOn January 19, the American hip-hop star and rapper DeAndre Cortez Way, otherwise known as “Soulja Boy,” asked his 5.2 million Twitter followers to tell him the best way to purchase crypto. Following the initial tweet, Soulja Boy continued to discuss cryptocurrencies for the rest of the day, and also asked people’s opinions about the […]




Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab


Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by CoinlabOn January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held by Kobayashi and the […]


$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees


$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite 'Insane' Trading FeesDuring the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However, one of the biggest issues confronting dex users continues to be the […]



CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency


Former Coinnest CEO to Spend 18-Month-Long Jail Term for Accepting Bitcoin Bribes to List a CryptocurrencyA South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme Court of Korea determined […]




Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market Cap


Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market CapCrypto asset markets have seen some significant gains over the last 24 hours recapturing much of the losses suffered a few days ago. The entire crypto-economy valuation is now back over the $1 trillion mark and bitcoin has jumped above the $40k handle on January 14. Bitcoin (BTC) and a number of other digital assets […]


Popular Youtuber Ali Spagnola ‘Accidentally Got Bitcoin Rich,’ Decides to ‘Pay It Forward’


On Wednesday, the popular musician and Youtuber, Alicia Dawn “Ali” Spagnola, made a new video and tweeted about how she got “accidentally bitcoin rich,” after taking a request for her project called Free Paintings. After getting a bitcoin in 2013 and checking her account eight years later, Spagnola said: “I just found out that I […]



EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’


Exchange platform eToro is struggling amid surging demand for crypto, sending an email to all users warning of possible trading limitations this weekend.

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today.

“The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.”

As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.”

EToro has become a victim of its own success. Yesterday marketing manager Brad Michelson revealed that in the previous 11 days, 380,000 new users had opened accounts and that trading volumes had surged 25 times higher than the same time in 2020. As of January 9, eToro boasted more than 17 million registered users.

Quantum Economics founder Mati Greenspan — formerly a market analyst for eToro — told Cointelegraph that the warning notice was “a symptom of a potential upcoming liquidity crunch.” He advised users on Twitter against trying to move funds off the platform.

Should eToro implement the foreshadowed measures, users will be restricted on their maximum exposure per cryptocurrency, and potentially be unable to place new buy orders. Greenspan explained that it simply means some users “might need to wait in order to buy in.”

Last week, the exchange restricted European users from margin trading due to increased market risks and increased the minimum deposit amount by 400% to $1,000 in an attempt to get on top of new user registrations.

Other exchanges are also seeing surging trade volumes, with Coinbase’s daily volume reaching $9.5 billion on January 12, up more than 50% from its previous all-time high of $6.5 billion on January 9. Binance has also powered past its peak of $23.7 billion, recording over $30 billion on January 12.

It is only a matter of time before we see other exchanges start to hit liquidity issues Greenspan believes, saying it is “highly likely” that we will see this situation occurring on other platforms in the near future.

Concerns around the limited Bitcoin supply available have risen to the foreground over the last six months with investment giant Grayscale snapping up Bitcoin at an alarming pace. The firm now has $20 billion under its control as its Bitcoin (BTC) buys outstrip mining production by almost three to one throughout December 2020.


Crypto Industry’s Favorite Messaging App Telegram Surpasses 500 Million Active Users


Crypto Industry's Favorite Messaging App Telegram Surpasses 500 Million Active UsersTelegram, a popular messaging app within the cryptocurrency space, surpassed 500 million monthly active users during the first week of January, according to Telegram chief executive officer Pavel Durov. In the last 72 hours, said Durov, the app has seen a massive surge in new users, with an additional 25 million people signing up to […]



State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs


State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMsThe Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to SZ News, the program is part of the ongoing […]


Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’


Crypto Prices Show Signs of Recovery, Market Analyst Says 'Bitcoin Remains in a Healthy Place'Bitcoin and a number of other cryptocurrencies have regained some of the percentage losses they suffered this past Monday, as various crypto assets are up today between 5-25% in value. On Monday, the crypto economy dipped under the $800 billion handle after the entire market cap fell from its trillion-dollar valuation. Today, the overall market […]


Two New York City Bars up for Sale for a Total 25 Bitcoins


Two New York City Bars up for Sale for a Total 25 BitcoinsTwo New York City bars are up for sale for a combined 25 bitcoins or 800 ether – over $800k at current prices. Bar owner Patrick Hughes has seen the worst of the Covid-19 pandemic lockdown on his operations and decided to sell the two watering holes for crypto. ● “Crypto is on fire, it’s […]


Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards


Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block RewardsOn January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school […]


China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program


China Launches Digital Yuan 'Hard Wallet' Card Pilot ProgramThe People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According to Tencent News, staff members at Shanghai Jiao […]




Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services


Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related ServicesA major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the […]



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