Crypto Cryptocurrency News

​​Crypto downturn sees electricity consumption on Ethereum plunge by 50%

 consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian.The recent sell-off was a brutal reminder of how volatile crypto investing can be.

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​​Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

It stopped withdrawing and redeeming crypto assets in its custody at the time to avoid possible liquidity pressures. However, by carrying out its legal responsibilities to clients and customers, the firm reached its goal of meeting counterparty debt repayment agreements.

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​​Ethereum's Arbitrum to Be Used by Norwegian Government

For the first time, a major country has begun using Ethereum and its products to create a completely new type of financial market for inclusive and democratic trading.Jon Ramvi, Web3 developer and founder of Symfoni protocol, has taken to Twitter to share the details of the latest use case for Ethereum (ETH) in public services.

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​​MATIC Soars 70% This Week as Whales Show Highest Accumulation Since November

Data agency IntoTheBlock has tweeted that amid massive accumulation of MATIC, the price of this token has spiked by nearly 70 percent since the start of the week.This week which is about to end, MATIC has outperformed the rest of the cryptocurrency market.

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​​Bitcoin payments make a lot of sense for SMEs but the risks still remain

 last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion.

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​​Shiba Inu (SHIB) is Now The Most Acquired Token Among The Largest Whales

 per the latest study, the number of Shiba Inu owners is increasing every hour, and now it has hit a new all-time record, approaching the 2 million mark.As per the report, the overall numbers have increased by 1,064 fresh SHIB members in the last hour.

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​​Binance CEO says bailouts for bad projects ‘don’t make sense’

Binance CEO Changpeng ‘CZ’ Zhao said bad projects should be allowed to fail and Binance has no intention of offering “bailouts” to such projects. In the blog post titled “A Note on Bailouts and Crypto Leverage,” CZ said that Binance has to help “industry players survive and hopefully thrive” even if the company does not gain anything from such help.

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​​Avalanche Launches Bitcoin Brdige Through Web3 Wallet Core

Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours.

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​​Three Arrows-Exposed Voyager Digital Slashes Daily Withdrawal Limit by More Than 50%

Trading platform Voyager Digital has slashed its daily withdrawal limit to $10,000 from $25,000 following news of its exposure to struggling crypto hedge fund Three Arrows Capital. Voyager announced the update to the withdrawal limit yesterday as the company’s share prices crashed by over 60%.

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​​Celsius’ crisis exposes problems of low liquidity in bear markets

After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations.

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​​Binance-owned Trust Wallet adds buy option via Binance Connect

 Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards.

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