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Chainalysis Report: India tops the Global Crypto Index in virtual currency usage

The latest virtual currency adoption report by blockchain-based analysis firm, Chainalysis noted that India is among the top three countries with the most cryptocurrency usage according to the Global Crypto Adoption Index. The report stated that the Central and Southern Asia and Oceania (CSAO) region has risen as the dark horse of crypto adoption, with

The post Chainalysis Report: India tops the Global Crypto Index in virtual currency usage appeared first on Coingape.

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China’s Real Estate Market Could Cause a Crypto Crash

Bitcoin and other cryptographic forms of money were smashing Monday in the midst of a worldwide selloff in hazard resources. The tumble seems to have been set off by the mounting issues at property goliath China Evergrande Group. Bitcoin, the world’s biggest digital money, was off 7% Monday to around $44,000. Ethereum, the second-biggest digital money, was down 8% at […]

The post China’s Real Estate Market Could Cause a Crypto Crash appeared first on Coin News Asia.

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TIME’s 100 Most Influential People: Here Are Crypto Leaders That Made the List

TIME Magazine has published the list of the 100 Most Influential People of 2021 and some of the listed personalities have had a major influence on the digital currency ecosystem in the past year. The featured personalities include Vitalik Buterin, Ethereum’s co-founder, Elon Musk, the Chief Executive Officer of electric Automaker, Tesla Inc, and President

The post TIME’s 100 Most Influential People: Here Are Crypto Leaders That Made the List appeared first on Coingape.

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Former BitMEX Executive Gregory Dwyer Agrees to be Extradited to the US. Here’s What Could Happen to Him

Gregory Dwyer, one of the former executives of BitMEX Derivatives Exchange has agreed to be extradited to the United States of America where he is facing charges for the violation of the US Bank Secrecy Act and conspiracy to violate the Bank Secrecy Act. Dwyer is on trial alongside the trading platform’s former Chief Executive

The post Former BitMEX Executive Gregory Dwyer Agrees to be Extradited to the US. Here’s What Could Happen to Him appeared first on Coingape.

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Cathie Wood’s Ark Invest to Buy Canadian Bitcoin ETFs

Cathie Wood’s Ark Invest has filed to change the allowance in its prospectus to permit one of its funds, the ARK Next Generation Internet ETF (ticker ARKW), to gain exposure to digital currencies through “exchange-traded funds domiciled in Canada.” This move marks a whole new opportunity being sought by Ark Invest to bolster its cryptocurrency

The post Cathie Wood’s Ark Invest to Buy Canadian Bitcoin ETFs appeared first on Coingape.

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Mastercard Acquires Blockchain Security Outfit, CipherTrace

American payments services provider, Mastercard has announced the acquisition of blockchain intelligence and security services provider, CipherTrace. According to the official announcement, the terms of the deal were not made public, however, the acquisition will come off as a mutually beneficial move for both Mastercard and CipherTrace. CipherTrace provides crypto intelligence tools that help in

The post Mastercard Acquires Blockchain Security Outfit, CipherTrace appeared first on Coingape.

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Standard Chartered Analysts Forecasts Bitcoin Price Hitting $100k by Year End

It is not uncommon to find mainstream market strategists issue opinions on the price valuations of digital currencies, as the cryptocurrency industry is now in the limelight. According to a Reuters report, analysts from the multinational bank, Standard Chartered, are expecting the price of Bitcoin (BTC) to close in the year 2021 with a high

The post Standard Chartered Analysts Forecasts Bitcoin Price Hitting $100k by Year End appeared first on Coingape.

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Roxe Taps Former IMF Economist to Leads its Bitcoin Hashrate Powered CBDC Drive

Global payment network Roxe is advancing its Central Bank Digital Currency (CBDC) product suite with the appointment of an experienced economist from the International Monetary Fund (IMF). Andreas Jobst will notably be leading the organization’s approach to design and develop CBDC solutions based on the Bitcoin hashrate. Roxe’s CBDC initiative is targeted at helping countries

The post Roxe Taps Former IMF Economist to Leads its Bitcoin Hashrate Powered CBDC Drive appeared first on Coingape.

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Ripple Community Demands XRP Relisting on Coinbase as the Exchange Faces SEC Heat

Coinbase Inc. the first crypto exchange in the US to go public in April this year could face a potential lawsuit from the US Securities and Exchange Commission (SEC) for their unreleased lending product. The exchange in an official blog post revealed that the SEC intends to pursue legal action against them as they deem

The post Ripple Community Demands XRP Relisting on Coinbase as the Exchange Faces SEC Heat appeared first on Coingape.

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Resisting Battering: Solana Stands Strong Amid Crypto Market Flash Crash

The past 12 hours have been a mind-boggling one for crypto market bulls as massive liquidations struck the digital currency ecosystem. According to data from Bybt, a total of over 364,00 traders have been liquidated in the past 24 hours with more than $3.41 billion worth of trades liquidated in the past 24 hours. As

The post Resisting Battering: Solana Stands Strong Amid Crypto Market Flash Crash appeared first on Coingape.

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El Salvador President Sees Opportunity Amid Market Crash, Adds 150 BTC Units

Today marks a historic day in the digital currency world as a sovereign country, El Salvador officially launched Bitcoin (BTC) as its legal tender, second only to the United States Dollar. The build-up to the event had a massive effect on the price of Bitcoin which soared to a weekly high of $52,853.76. Amongst all

The post El Salvador President Sees Opportunity Amid Market Crash, Adds 150 BTC Units appeared first on Coingape.

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Cybersecurity Firm GK8 to Integrate Stellar in its Custody Solutions

Israeli-based cybersecurity outfit, GK8 has inked a mutually beneficial partnership with the Stellar Foundation to integrate the blockchain network’s native token, the Stellar Lumen (XLM) into its custody solutions. As announced by the firm, the integration of Stellar draws on the decentralized nature of the blockchain, as well as its speed, scalability, and its uniquely

The post Cybersecurity Firm GK8 to Integrate Stellar in its Custody Solutions appeared first on Coingape.

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Bitcoin Miners are Taking Profits, Where is the Money Going?

Bitcoin miners are notably taking profits off the table, a trend that has been highlighted by crypto markets analytics platform, Glassnode. The Glassnode data shows that events that are crucial on-chain trends can also be well linked to real-life demands.  The Bitcoin mining ecosystem took a massive plunge back in the second quarter following the

The post Bitcoin Miners are Taking Profits, Where is the Money Going? appeared first on Coingape.

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Binance Restricts its Product Offering in Singapore in Response to Regulatory Clampdown

Binance cryptocurrency exchange, the biggest trading platform in the world, has announced it will cease all of its trading activities involving the Singapore Dollar, in compliance with local regulations. Beginning on Friday, the 10th of September, the trading platform will stop Singaporeans from transacting via the SGD payment option. Additionally, the exchange will affect the

The post Binance Restricts its Product Offering in Singapore in Response to Regulatory Clampdown appeared first on Coingape.

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Binance Responds to the South African FSCA, Refutes the Regulator’s Claims

Binance, the world’s largest cryptocurrency exchange by trading volume, has responded to the warning issued by the South African Financial Sector Conduct Authority (FSCA) to the general public regarding its legal status in the country. As highlighted in a previous report by Coingape, the FSCA joined the long list of regulators to issue a warning

The post Binance Responds to the South African FSCA, Refutes the Regulator’s Claims appeared first on Coingape.

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XRP Flips $1.25 Key Resistance Into Support, Here’s Why $1.50 is Inevitable Now

XRP price continues to look for a breakout above $1.30 as the altcoin flipped a key on-chain resistance of $1.25 into support. This could help it retest the 3-month high of $1.35 soon as the altcoin builds bullish momentum along with the rest of the crypto market. XRP is on the verge of closing the

The post XRP Flips $1.25 Key Resistance Into Support, Here’s Why $1.50 is Inevitable Now appeared first on Coingape.

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Blockchain-Powered Music Platform Audius Announces Full Solana NFT Support

The blockchain-powered music sharing and streaming protocol, Audius, declared full integration with Solana NFT on Thursday. The platform will now enable its 6 million users to display, filter and sort Solana SPL NFTs along with ERC-20 NFT collectibles such as CryptoPunks, Bored Ape and others. The integration will happen with the help of Solana’s multi-chain

The post Blockchain-Powered Music Platform Audius Announces Full Solana NFT Support appeared first on Coingape.

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Empty Ethereum Addresses are Filling Up. What is Driving Ethereum’s Sustained Positive Outlook?

As the price of Ethereum (ETH), the world’s second largest cryptocurrency by market capitalization, grows to a new monthly high, retail traders, particularly the small coin holders do not want to pass off on the opportunity. At the time of writing, Ethereum is changing hands for $3,783.53, up 4.73% in the past 24 hours according

The post Empty Ethereum Addresses are Filling Up. What is Driving Ethereum’s Sustained Positive Outlook? appeared first on Coingape.

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DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is

The post DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks appeared first on Coingape.

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