Cryptocurrency Analysis and News Portal
An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address. Source
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“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report. Source
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Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors'
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For fervent advocates of blockchain technology, it’s easy to point to its potential and the benefits it stands to offer to the gaming industry. Whether in terms of redefining the ownership of in-game assets or enabling greater transparency that makes it difficult for fraudsters to cheat the system, the market
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Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than
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Other major cryptocurrencies, including those that tumbled following their mention in U.S. Securities and Exchange Commission (SEC) lawsuits against exchanges Binance and Coinbase last week, regained large swathes of ground. SOL, the token of the Solana blockchain, was recently up more than 7%. ADA, MATIC and ALGO, the native cryptocurrencies
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USDT balances on Curve’s popular 3pool, a stablecoin swapping pool made up of USDT, USDC, and DAI, rose to over 72% early on Thursday – suggesting traders had exchanged tens of millions of USDT in favor of stablecoins USD coin (USDC) and dai (DAI). Source
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Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC’s actions are actually
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Binance’s market share dropped to 43% in May, while its spot trading volume dipped to $212 billion, recording the lowest monthly volume recorded since November 2020, when it traded $176 billion. In April, the exchange saw $287 billion worth of trading volume. Source
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Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said. Source
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