Coinbase, a major U.S. crypto exchange, recently explored the possibility of acquiring FTX Europe, a European-based crypto derivatives exchange. The potential acquisition was viewed as a potential move to expand Coinbase’s position in the European crypto trading market.
The U.S. SEC’s Crypto Enforcement Chief is warning exchanges and DeFi projects to be aware of potential future charges. Steven Peikin recently said increased enforcement is coming and required parties to “recognize their regulatory responsibilities”.
FTX, one of the largest cryptocurrency exchanges, announced their plans to liquidate assets which are held by SOL, a subsidiary. The news has created shockwaves in the crypto-market, leaving investors wondering what the impact will be on SOL and their future prospects.
The crypto analytics firm Santiment has reported that only 5.8% of all Bitcoin (BTC) in circulation sits on exchanges. Despite this, the flagship cryptocurrency continues to face downward price pressures.
Coin desk reported that according to a recent Bitfinex report Bitcoin balances held on cryptocurrency exchanges have dropped to levels last seen in early 2018
“The current yearly absorption rate for exchanges for #Bitcoin is -100%. At the peak, coins were being withdrawn at -170%. The exact opposite during 2017.” – James V. Straten
DAN: Exchanges adopted Ordinals faster than Lightning Network due to the influx of venture capital investments and the faster settlement times that Ordinals offer. Ordinals are a new type of blockchain technology that allows for […]
On Thursday, the crypto exchanges Coinbase and Bittrex both announced they were re-listing XRP following Ripple’s victory in court against the U.S. Securities and Exchange Commission (SEC). This is a significant legal victory for the company and XRP holders.
![Crypto exchanges currently hold the identical BTC supply share as they did in late 2017, making it a remarkable similarity. [1]](https://thebitcoinstreetjournal.com/storage/2023/07/2113984-crypto-exchanges-currently-hold-the-identical-btc-supply-share-as-they-did-in-late-2017-making-it-a-remarkable-similarity-1.jpg "Crypto exchanges currently hold the identical BTC supply share as they did in late 2017, making it a remarkable similarity. [1]")
With the recent surge in cryptocurrency investment, exchange supplies of Bitcoin have dipped to their lowest level since 2017, indicating a newfound confidence in the digital asset’s long-term prospects.
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Cryptocurrency exchanges now possess the same BTC supply proportion as in late 2017 [[2](https://paraphraz.it/)]. Utilizing a rewording tool [[3](https://rewritetool.net/)], one can easily modify the text, making it more captivating and substituting 1 or 2 keywords. Crypto exchanges now possess the same BTC supply share as in late 2017.](https://thebitcoinstreetjournal.com/storage/2023/07/2113937-1https-wwwscribbrcom-paraphrasing-tool-cryptocurrency-exchanges-now-possess-the-same-btc-supply-proportion-as-in-late-2017-2https-paraphrazit-utilizing-a-rewording-tool-3https-998x665.jpg "Crypto exchanges now possess the same BTC supply share as in late 2017.")
Cryptocurrency exchanges saw a resurgence in Bitcoin (BTC) market share in late 2020, bringing their BTC supply share to levels not seen since late 2017 before the 2017 crypto bull run. Analysts say this could indicate renewed investor interest in cryptos.