The world’s largest cryptocurrency exchange Binance is launching zero-fees trading for Ethereum (CRYPTO: ETH) on its platform.
What Happened: Binance said that the zero fees trading option for ETH would go live on Friday.
Bitcoin (CRYPTO: BTC) has fallen by over 10% since Friday, currently trading at around $20,900 and back below the 200 weekly MA (which is at around $23,100).
The NFT space continues to be impacted and feeling the heat even more. Coming into the third week of August, the global sales volume for NFT is around $639 million. With that, this could be the third consecutive month that NFT sales fall below the $1 billion mark.
Beginning with Bitcoin (CRYPTO: BTC) which was launched in 2009, the crypto market has grown exponentially to now offer more than 20,000 unique crypto tokens from which investors can choose.
Fabrizio D'Aloia, the founder of the Italian online gambling business Micrograme, has been given permission by the High Court of England and Wales to use an NFT drop to file lawsuits against defendants who prefer to remain anonymous, according to CoinDes
Russia invaded Ukraine in February, and reports indicate the pro-Russian forces are being significantly funded by cryptocurrencies during the ongoing war.
Cryptocurrency exchange KuCoin announced on Friday the launch of NFT exchange-traded funds (ETFs) to allow fractional ownership of popular digital tokens, such as Bored Ape Yacht Club (BAYC), to its users.
Cryptocurrencies have long been considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation concerns. Most cryptocurrencies have significantly underperformed benchmark stock market indices due to liquidity pressures brought about by the tightening of monetary policy by leading central banks such as the U.S. Federal Reserve.