Cryptocurrency Analysis and News Portal
Cryptocurrency miner Phoenix Group has delayed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published on Nov. 28, 2023, the firm has rescheduled the listing date to
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Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange
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The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the
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Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.A number of analysts highlighted the ‘flippening’ of Binance by CME, with the latter overtaking the global cryptocurrency exchange
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According to recent data released by 0xScope, Binance, the world’s largest cryptocurrency exchange, is facing a decreasing market share, where it currently sits at 51.2%. Other major players like Huobi, Gate and KuCoin have also experienced declines in their market shares during the same time period. A steady rise The Nov. 6 report highlights that
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Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has
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Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023. Traders’ pullback from Binance was especially evident on October 23rd. While Bitcoin was rising, Binance’s market share fell to almost nothing, coinciding with Bitcoin’s rise to $34,000. In contrast, OKX’s market share
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In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share. HSBC Holdings Plc (LSE: HSBA.L), Europe’s largest bank by assets, has reported remarkable financial results for the third quarter of 2023, with its profit after tax surging to $6.26 billion. Beyond Profits:
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United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November. On its support page, Kraken specifies that the summons to produce “a wide
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The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, Vice Chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference, where his English colleague Sir Jon Cunliffe made his last speech as
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