Cryptocurrency Analysis and News Portal
In brief: Early this month, Coinmarketcap changed the algorithm used to rank crypto exchanges. The changes saw Bitmex, ByBit, and Deribit ranked 175th, 177th, and 179th respectively. The team at Coinmarketcap has explained that a separate page for derivative platforms will be added soon.There is no doubt that the rate at which changes
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[sociallocker id="55298"] Using cryptocurrencies as a preferred method to “hedge” against real-world risks seems to be a valid play. Data, collated from various bitcoin exchanges, is now pointing towards a huge surge of users, even as retail activity on traditional markets continues to decline. COVID Pushes Bitcoin Adoption As per publicly available
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For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue.One of the most remarkable crypto companies operating today
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Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving.Compiled by monitoring resource CryptoQuant, the figures show that over the past five days, combined outflows from BTC mining pools spiked 600% — from 1,066 BTC to 7,426
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In mid-April, news.Cryptox.trade reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics
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Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset.It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two
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Bitcoin has been on a near-unstoppable rally since March’s lows of $3,700. The cryptocurrency at last week’s highs was up more than 170% from the lows, tapping $10,100 after a spectacular jump higher. This trend has been marked by crypto investors withdrawing their BTC off exchanges en-masse in a strong boost
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JPMorgan Chase, the United States’ largest bank, has reportedly taken on U.S. cryptocurrency exchanges Coinbase and Gemini as customers.A report from the Wall Street Journal on May 12 cited unnamed sources apparently familiar with the matter, who highlighted that the move is the first time the banking giant has served
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A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges.The perpetrators immediately moved to convert the stolen funds into Bitcoin (BTC), however, the cash triggered many of the bank accounts of the exchanges
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A crypto data firm representative explained how Tether’s on chain data can potentially forecast Bitcoin’s (BTC) bull runs.Marketing and social media director at Santiment, Brian Quinlivan, told Cryptox on May 7 that the percentage of USDT held on exchanges often anticipates Bitcoin’s bull runs. He explained the principles behind the
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