Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long […]
U.S. President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. Biden’s budget plan will target wash trading Biden’s budget plan could directly affect crypto investors. The Wall Street Journal says that the president will propose a change to […]
Imagine a world where digital art can be bought, sold, and authenticated just like physical paintings. Well, with the rise of Non-Fungible Tokens (NFTs), this world is quickly becoming a reality. NFTs have been making waves in the art world, offering a plethora of benefits that traditional art forms simply cannot match. From providing artists […]
The Securities and Futures Commission (SFC) of Hong Kong has called on the public to provide feedback on its proposed regulation for crypto exchanges seeking to serve retail investors in Hong Kong. The Hong Kong government received several commendations from the crypto community following its plan to legalize crypto trading for retail investors from […]
Terraform Labs and its founder, Do Kwon, are in the sights of the United States Securities and Exchange Commission (SEC), which has sparked various reactions from lawyers within the crypto community. On Feb. 16, the SEC accused and charged Kwon and Terraform Labs for allegedly selling a “suite of crypto asset securities.” While community members […]
The term blockchain refers to a distributed ledger technology (DLT) that records and maintains all transactions in a public, transparent and secure manner. The technology can be used for many different purposes such as managing stock, digital rights, or even a record of medical history. In addition to this, blockchain can also be used to […]
The term “blockchain” was first coined in 2008 by Satoshi Nakamoto, an anonymous developer of Bitcoin. The term has since been adopted by many people as a general term for distributed ledgers, a type of database that records transactions and verifies them in real-time. This type of technology is being used to create decentralized applications […]
Apple Pay and Google Pay are now available on Binance. It is the first crypto exchange to implement both mobile payment services. These two payment options give investors more choices in how they buy, sell, send, and receive cryptocurrency. Apple Pay is already available in many countries around the world. In Hong Kong, users can […]
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is an open, distributed ledger that can record […]
His first-ever NFT, a piece of art entitled “Take My Breath Away”, is the highest-selling celebrity collectible on the blockchain to date, selling for 0.005 ETH. The new digital artwork is a digital Rorschach test—a popular meme that features a clip from the 1986 film Top Gun in which Tom Cruise’s character makes an […]
The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020. Graph showing the size of the U.S. debt […]