Cryptocurrency Analysis and News Portal
The balance of bitcoin on major exchanges has hit its lowest levels since November 2018. Yet unlike that time, when bitcoin was in the depths of the crypto winter, some see this current spate of low bitcoin balances on exchanges as a sign that a new generation of investors is
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Crypto exchange security is once again in the news after hackers breached KuCoin. But this shouldn’t surprise people as exchanges are vulnerable by design, according to ByBit CEO Ben Zhou. Zhou told Cryptox that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible to
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An Asian cryptocurrency exchange’s funds have been compromised in a security breach.The Singapore-headquartered digital asset exchange KuCoin said in a statement that it detected large withdrawals of bitcoin and ethereum tokens to an unknown wallet beginning at 19:05 UTC time on Friday. In a live stream on 4:30 UTC time Saturday,
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Several signs indicate that Bitcoin is potentially on the brink of a new bull market, and much higher
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Grant Thornton said the process of repatriating $100 million worth of crypto assets from the now-defunct Cryptopia exchange will begin later this year. Source
Read MoreCrypto exchange KuCoin has unveiled dealings with another exchange, Poloniex, in an effort to move the crypto industry forward. "KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration," said a statement provided
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Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours.Bitcoin’s 24-hour range: $10,174-$10,488BTC below its 10-day but above 50-day moving averages, a sideway signal for market technicians.Bitcoin
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Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase while driving up fees and congestion on the Ethereum blockchain. Uniswap, a semi-automated platform for matching buyers and sellers of cryptocurrencies and other digital assets, saw its trading volume climb to $953.59
Read MoreThe world’s largest cryptocurrency exchange, Binance, has teamed up with privacy-centric blockchain-powered cloud computing developers Oasis Labs to fight fraud in the crypto sector.Oasis was announced as the inaugural member and primary infrastructure provider for the Binance-led CryptoSafe Alliance on August 27.Oasis Labs’ “confidential smart contracts” will be utilized in
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Cryptocurrency derivatives exchange FTX has acquired Blockfolio, the market’s leading mobile news and portfolio tracking app, for $150 million. The price was paid in cash, crypto and equity, the companies told CryptoX. Formally announced Wednesday morning in Asia, the deal is a strategic play for FTX, whose clientele consists largely of
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