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Last year, the crypto exchange Binance managed to strengthen its dominance in the global cryptocurrency market. Not the last role in this was played by the collapse of the Celsius and FTX crypto platforms. As of 12/28/2022, Binance controlled 92% of the BTC spot market. At the same time, its share in the bitcoin derivatives […]
Binance, the largest cryptocurrency exchange, will convert any existing and new deposits in dollar-pegged cryptocurrencies into its own BUSD stablecoin. In particular, the change will affect deposits in USDC, USDP and TUSD. Binance will also cease all trading of spot pairs involving these cryptocurrencies. USD savings accounts, DeFi staking, and the USDC/USDT liquidity pool will […]
Cryptocurrency mining company Riot Blockchain has decided to shut down several installations to save on power consumption. As a result, it helped the company make money, reports theregister.com. Texas-based company Riot Blockchain has shut down some equipment to reduce electricity consumption as the price of electricity has risen recently. As a result, ‘surplus’ energy was […]
A significant drop in the value of major cryptocurrencies is accompanied by other shocks to the crypto market. For example, the Binance cryptocurrency exchange has announced a temporary suspension of Bitcoin withdrawal on the $BTC network. Although, users can output BTC to other networks. Only a single network, the Bitcoin network, is impacted due to […]
The American financial services company for uncompromised trading in shares and exchange-traded funds has launched its own cryptocurrency wallet for users. It was first opened by two million people who applied. This was announced by Robinhood Product Director Aparna Chennapragada during the Bitcoin 2022 conference. Now users will be able to replenish and send cryptocurrency […]