Hundreds of thousands of crypto traders are getting their positions liquidated as Ethereum (ETH) and the rest of the digital asset markets witness another large sell-off event. Data from cryptocurrency futures trading and information site Coinglass shows that more than $521 million worth of crypto positions have been obliterated in the last 24 hours. Traders who were betting on a relief rally suffered the brunt of the sell-off as over $443 million worth of long positions were… Source link

Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, which has since been named a “dark coin.” Upgrade Violates Specific Financial Information Act Following the recent Mimblewimble Extension Blocks (MWEB) upgrade to litecoin, five of South Korea’s major… Source link

Although digital assets have recently gained popularity, expert investors are big on decentralised finance (DeFi). Many believe that DeFi is the key to unlocking crypto’s full potential. Here is why. What Is DeFi? Although many people claim to have made thousands of dollars by trading cryptocurrency, it is always important that you do your own research before investing in an asset. This is because making the right investment can be your key to success. But picking a token that will continue… Source link

Cryptocurrency has long been downplayed by governments and central banks as a fantasy world; a place of make-believe for rich kids; a currency of no real substance. This has never been the case though, and now more than ever we are seeing just how important cryptocurrency is for the future of financial independence for the human race. Mehracki (MKI), Ethereum (ETH) and Dash (DASH) are making cryptocurrency very much part of the real world, and each poses a huge threat to the global elite’s… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

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The total number of addresses on June 6 amounted to 207,606,780 ETH Price at the time of writing – $1,797.71 Ethereum’s total value locked in decentralized finance shrunk 35%  Notwithstanding the cryptographic money market switching back and forth between red and green, battling to hit a bullish streak, one of its significant resources – Ethereum (ETH) – has been gathering countless new addresses. In particular, the organization has been adding around 500,000 new addresses every… Source link

Despite ongoing price doldrums, investors continue to accumulate Bitcoin at a rapid pace to the tune of hundreds of millions of dollars worth of BTC, according to crypto analytics firm IntoTheBlock. In a new analysis, Lucas Outumuro, head of research at IntoTheBlock, notes that centralized exchanges witnessed $730 million worth of BTC net outflows in the past week, on the heels of $1 billion worth of outflows the week before. According to the analytics firm, net outflows are the… Source link

The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low Can the Crypto Economy Go? It hasn’t been a great week for crypto assets, as the top ten digital currencies are down between 4% to 15% during the last seven days…. Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $52.100 by 11:38 (15:38 GMT) on the Investing.com Index on Saturday, down 10.17% on the day. It was the largest one-day percentage loss since May 11. The move downwards pushed Litecoin’s market cap down to $3.739B, or 0.33% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $52.100 to $57.800 in the previous twenty-four hours. Over the past seven days,… Source link