StormGain is a crypto trading platform for everyone.
20 Jun 2023 1 minute read 1 comment Stormgain
By early 2022, Celsius was one of the largest lenders in the cryptocurrency market, operating with $12 billion in assets under management and $8 billion in loans. Investors were attracted to Celsius by the promised yield of 6% when investing in Bitco...
16 Jun 2023 1 minute read 1 comment Stormgain
MicroStrategy is the largest public holder of Bitcoin, possessing a reserve of 140,000 coins. This now amounts to $3.5 billion and accounts for 0.7% of the total supply. MicroStrategy CEO Michael Saylor believes that the current changes in cryptocur...
15 Jun 2023 1 minute read 1 comment Stormgain
Lawsuits brought by the SEC against Coinbase and Binance have led to the collapse of altcoins, as SEC Chairman Gary Gensler is only willing to consider Bitcoin a commodity. In his view, other coins are securities that crypto exchanges must be license...
14 Jun 2023 1 minute read 0 comments Stormgain
Last week, altcoins dropped by around 20%. Among the major projects, massive damage was taken by those the SEC declared securities in lawsuits against Binance and Coinbase. As a result of the legal action by the SEC, Solana is trading 29% lower, and...
13 Jun 2023 1 minute read 3 comments Stormgain
The cryptocurrency repressions by US regulators are leading to a shift in investment flows from the US to Asia. But the trend gained momentum a little earlier and has a direct correlation with the Fed's monetary policy. The Covid-19 epidemic led to t...
9 Jun 2023 1 minute read 0 comments Stormgain
The SEC filed a lawsuit against Binance. CEO Changpeng Zhao (CZ) has been issued a notice requiring him or his representative to appear in court within 21 days. The SEC has also asked the court to freeze funds (so far without withdrawal restrictions)...
8 Jun 2023 2 minute read 2 comments Stormgain
The SEC sued Binance and Coinbase and filed a motion to freeze the assets of Binance.US. SEC chief Gary Gensler said in an interview on Tuesday that Americans want just one digital currency: the US dollar. "We don't need more digital currency," Gens...
7 Jun 2023 2 minute read 1 comment Stormgain
US regulators are stepping up measures to squeeze the cryptocurrency sector out of the traditional financial system. Following the closure of cryptocurrency-friendly banks, the crypto exchanges Kraken, Coinbase and Binance have received pre-trial com...
6 Jun 2023 1 minute read 0 comments Stormgain
On 9 November 2021, the decentralised finance (DeFi) sector peaked at $179 billion in staked funds. Since then, it has fallen to nearly a quarter of that amount, $47 billion. It didn't receive much of a boost in 2023, adding only 26% total value lock...
5 Jun 2023 1 minute read 1 comment Stormgain
Prior to the advent of ordinals, Litecoin remained in the shadow of its bigger brother, despite having ultra-low fees and faster transaction completion rates. However, continued high network utilisation and cryptocurrency exchanges' increased Bitcoin...
