Cryptocurrency Analysis and News Portal
“Coupled with the drop in the price of bitcoin, we have seen a noticeable drop in trading volumes, too, across the ecosystem when news about Silvergate’s financial difficulties broke,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, told CoinDesk in a note. Original Source
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The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume profile drops 90% since March 2020A “volume profile” indicator displays trading activity across prices,
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Market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less user-friendly experience than centralized ones. Source
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Aventus, the native token of a blockchain service provider of the same name, has tumbled by 4.2% $1.22 as volatility spikes on minimal liquidity. Original Source
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United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by Wall Street analystsTransaction volumes decreased 12% compared
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The crypto exchange reported its fourth-quarter earnings on Tuesday after the close. Original Source
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The project that spawned out of Telegram's abandoned foray into crypto now has a live governance platform. Source
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By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). After Bitcoin’s incredible rally to $25,000 last week, Bitcoin is currently consolidating around $24,500. Amongst the
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The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have
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NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent. Source
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