Tron Loses 23% of Its $4.3B USDT Reserves to DeFi Hotbed Ethereum
A "3rd party" crypto exchange ordered the swap. Signs point to Binance. Source
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Reserves
Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide.Data from a number of sources show that the bitcoin
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The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?
The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion, that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to $6.97 trillion (-1.5%) in the week ending July 8, having hit a record high of $7.16 trillion in early June, according to
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Investors Turn Bullish as Bitcoin Exchange Reserves Drop to 1-Year Low
[sociallocker id="55298"] According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase.On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence arm Coinbase Analytics to the Internal Revenue Service (IRS)
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Federal Reserve’s Balance Sheet Explodes to $6.9 Trillion
Both the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus.It’s a trend that
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Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases.Also read: Spain’s Lawmakers Plan to Provide
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Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
The head of the People's Bank of China's (PBOC) digital currency research subsidiary, Changchun Mu, said China's cryptocurrency will not need a currency basket to maintain a stable value.Speaking to reporters at The China Finance Association Academic Annual Meeting and China Finance Forum Annual Meeting in Beijing Saturday, Mu said
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What the Fed Reserve’s Balance Sheet Expansion Means for Bitcoin
The U.S. Federal Reserve is again expanding its balance sheet – prominent experts believe that could bode well for bitcoin in the long run. Source
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Bitcoin Calm ahead of Federal Reserve’s Rate Cut Verdict
Bitcoin held to a stable range as investors wait for the Federal Reserve to take a final call on introducing another interest rate cut.The benchmark cryptocurrency was trading at $9,171.54 as of 10:13 UTC, down 2.75 percent from the market open. At its session high, bitcoin attracted a bid of
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Venezuela’s Central Bank Contemplates What to Do with Crypto Reserves
According to some sources, Venezuela’s Central Bank is conducting tests to check if it can contain cryptocurrencies in its coffers. The news came after Petroleos de Venezuela SA showed interest in using Bitcoin(BTC)trade to make its payments.Petroleos de Venezuela SA (PDVSA) is a state-run natural oil and gas company. According
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