Crypto News & Blog

binance burn
Binance Burning $68 Million Worth of Tokens 1024 500 Crypto Rand Group

Binance Burning $68 Million Worth of Tokens

Binance, the leader in centralized platforms for the exchange of cryptocurrencies has just carried out the largest destruction of tokens in its history, by burning the equivalent of 68 million dollars in BNB tokens. 2.2 million BNB tokens withdrawn from circulation That’s it! Who says new season says new burn on the side of Binance.…

OKEx ceo
OKEx CEO Arrested in China 1024 500 Crypto Rand Group

OKEx CEO Arrested in China

According to the local Chinese press, Xu Mingxing, CEO of the OKEx crypto stock exchange, was arrested on 16 October by the police. About 1.1% of the Bitcoin in circulation is now frozen on the exchange’s wallets. On 16 October, OKEx, one of the 5 largest exchanges in the world with more than 6 billion…

okex crypto
OKEx Suspending Crypto withdrawal 1024 500 Crypto Rand Group

OKEx Suspending Crypto withdrawal

Troubles in the world of cryptocurrencies. One of the main exchanges, OKEx, announces the suspension of withdrawals of crypto. The reason: one of the service’s private key holders is cooperating with an investigation and cannot be reached. This is a major blow for Bitcoin. The value of the cryptomoney fell by almost 3% after an…

coinbase bitcoin developers
Coinbase Financing Bitcoin Developers 3200 1800 Crypto Rand Group

Coinbase Financing Bitcoin Developers

Coinbase is a financial institution specializing in cryptomoney. It allows you to buy and sell different cryptos without any effort. The platform has been in existence since June 2012 and has largely proven itself in a booming market. Today, Coinbase seems to want to help 2 Bitcoin developers through a donation. A participative donation Coinbase…

Altseason
A new Altseason Coming Soon? 1024 500 Crypto Rand Group

A new Altseason Coming Soon?

Bitcoin has regained some colour following Square’s announcement of the massive purchase of BTC. The altseasons could also use some leverage, like this optimistic tweet, which is not unanimous in the twittosphere. The DeFi is currently on the brink of collapse with tokens seeing their share price drop for about ten days now; a recovery…

binance defi
Binance Invests Through its $100 Million fund in DeFi 1024 500 Crypto Rand Group

Binance Invests Through its $100 Million fund in DeFi

The crypto-exchange takes 350,000 dollars from its 100 million dollar fund to finance 6 DeFi projects and their development on its Binance Smart Chain blockchain. Bridges are possible between the DeFi and the CeFi. And Binance intends to support its economic development thanks to the growth of decentralized finance. To this end, the exchange announced…

Ripple Ethereum
Ripple CTO Once Sold 40,000 Ethereum at $1 Each 1024 500 Crypto Rand Group

Ripple CTO Once Sold 40,000 Ethereum at $1 Each

To reduce his risk exposure, Ripple Chief Technology Officer acknowledges that in the past he has sold a large number of crypto-currencies, Ethereum, Bitcoin and XRP, at a very low price at the time. David Schwartz could have made a considerable capital gain. When to sell your tokens to maximise your profits? Every investor in…

grayscale
Grayscale Raised $1 Billion this Quarter 707 375 Crypto Rand Group

Grayscale Raised $1 Billion this Quarter

Digital asset manager Grayscale Investments has posted its best quarterly results to date, having brought in just over $1 billion in investment across all of its cryptocurrency products. In its financial report for Q3 2020, the company said it had seen inflow of $1.05 billion across all products. For the year so far, the figure…

Stone ridge bitcoin
Stone Ridge Invest $10 Million in Bitcoin 669 446 Crypto Rand Group

Stone Ridge Invest $10 Million in Bitcoin

Under the nose of many in the cryptocurrency space, Stone Ridge Asset Management has accumulated $115 million worth of bitcoin. The $10 billion asset manager confirmed this news to Forbes on October 13th, but did not disclose when exactly the funds were deployed to purchase these coins.  Through partially-owned subsidiary New York Digital Investment Group…

libra g7
Libra Will Have to Wait, Says G7 1024 500 Crypto Rand Group

Libra Will Have to Wait, Says G7

The G7 countries are still blocking the way to a global stable corner such as the Libra. Such a project is not allowed to go commercially until clear rules are enacted. Although the Libra stablecoin project is no longer in the headlines, it continues to prepare for its launch. Last month, the Libra umbrella organization…

digital yuan
$1.5 Million Worth of Digital Yuan to Win 1024 500 Crypto Rand Group

$1.5 Million Worth of Digital Yuan to Win

The People’s Bank of China’s digital currency is at an incredibly advanced stage of development. After providing impressive operational figures for its first tests, the authorities will offer – via a lottery – digital yuan to test their Digital Currency/Electronic Payment (DC/EP). 1.5 million dollars worth of “e-yuans” to be won According to the local…

Satoshi bitcoin
Has Satoshi Moved $11 Million in Bitcoin? 1200 674 Crypto Rand Group

Has Satoshi Moved $11 Million in Bitcoin?

Someone moved over $11 million worth of Bitcoin that has sat idle in wallets since it was mined in 2010, right when Satoshi was still active.  The 1,000 Bitcoin—today worth $11,425,000—moved to one address. The move was flagged by Kirill K, a professional cryptocurrency trader, on LinkedIn.  The Bitcoin was mined back in September 2010,…

Digital Yuan
The Digital Yuan Is a Success 810 524 Crypto Rand Group

The Digital Yuan Is a Success

China has recently reported good figures on the use of the digital Yuan by the population and businesses. In experimentation in several cities of the country, Chinese digital money is an undeniable success. Enough to make other countries envious? The good results of the digital Yuan China has launched a full-scale testing program for its…

Crypto Energy
76% of Crypto Miners use Renewable Energy 1024 500 Crypto Rand Group

76% of Crypto Miners use Renewable Energy

Miners are known to consume a lot. What if, in the end, the crypto miners were using less energy than is often said in the media? The greenback is not green unlike Bitcoin According to a study carried out by Cambridge University – the Global Cryptoasset Benchmarking Study – the mining industry is making increasing…

Square Bitcoins
Square Bought 4,500 Bitcoins 1024 500 Crypto Rand Group

Square Bought 4,500 Bitcoins

Square announced today that they bought 4,500 Bitcoins, worth 50 Million Dollars, as they believe it to be a tool for Economic Empowerment. According to Square, “everyone should be able to participate and thrive in the economy—so we’re building easy tools to empower and enrich everyone.” https://twitter.com/SquareIR/status/1314190152663617536?s=20 By buying bitcoins, Square is taking an opportunity…