The cryptocurrency market has been volatile in 2020, and Bitcoin is no exception. On Tuesday, Bitcoin dropped 32% from its 2020 high of 2.04M, a significant decline in value. The drop in Bitcoin’s value is […]
Crypto exchanges in Australia now face mandatory licensing from the Australian Transaction Reports and Analysis Centre (AUSTRAC) to address the risk of money laundering and terrorism financing. This new regulation seeks to minimize criminal activities conducted through digital currencies.
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 At the peak, coins were being withdrawn at -170%.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.