The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets. Defunct crypto lender Celsius has revised its bankruptcy filing awaiting approval from a bankruptcy court in New York after a successful acquisition deal with Fahrenheit. The crypto lender filed...Continue Reading

The narrative that blockchain technology could revolutionize how people interact with technology in Africa may not be stale after all. The latest episode of Cointelegraph’s Hashing It Out podcast delves into how blockchain technology is changing how young Africans interact with each other. Joining host Elisha Owusu Akyaw for the conversation is Eric Annan, the CEO...Continue Reading

One community member praised the bot, saying that “profit is profit,” while another said that the event highlights how bad the bear market is. A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchain — including taking a $200 million flash loan — to secure a mere $3.24...Continue Reading

Not all exchanges have disclosed wallet addresses for the funds, however. According to a new report published by blockchain analytics firm Nansen on June 14, most reputable cryptocurrency exchanges adopted user protection funds amid the collapse of FTX. Together, exchanges such as Binance, OKX and Bitget have more than $2 billion combined in nominal fiat...Continue Reading

The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool. Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by...Continue Reading

ToolsGPT marries ByBit’s market data with ChatGPT’s AI to generate technical analysis, price data and trading metrics. Cryptocurrency exchange ByBit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT. OpenAI’s highly acclaimed large language model chatbot has been used by...Continue Reading

DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy. The criminal trial of FTX co-founder Sam Bankman-Fried will be going ahead with the eight charges he was initially pinned for by United States prosecutors — at least for now. In...Continue Reading

This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets. Nigeria, known for its growing adoption of cryptocurrencies, particularly Bitcoin (BTC), on June 14, floated the nation’s naira currency to allow banks and other forex market actors to trade the currency freely. This new policy can have several implications...Continue Reading

Crypto exchange Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively. Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining.  Starting June 15, users that are interested in Bitcoin mining but...Continue Reading

Fed chair Jerome Powell was “all bark, no bite” with his hawkish comments, which sent BTC price action below $25,000, says Material Indicators’ Keith Alan. Bitcoin (BTC) stayed below $25,000 on June 15 after a snap reaction to United States economic policy changes saw three-month lows. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Hawkish...Continue Reading