Crypto trading volumes surge 19% in July, hitting $4.94 trillion
With both spot and derivatives trading showing robust growth, exchanges like Bybit and Binance continue to play pivotal roles in facilitating this activity.
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Stock markets across Asia and Europe bleed red as interest rate woes returns
Chinese economic woes dragged down Asian markets while interest rate woes caused a bearish tumble in Europe. Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September consumer price index showed no growth. Markets pundits say weak economic indicators from China could become a cause of concern
Russian court order removes Binance website from regulator’s blacklist
The Binance website has been formally blacklisted in Russia since at least September 2020, but the restriction has not impacted Binance Russia trading. 2217 Total views 7 Total shares The website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling.According to a Jan. 21…
Trump floats paying off $35T national debt using Bitcoin
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
Community calls out bots spamming crypto Twitter threads
Members of the crypto community brought up the issue of Twitter bots and urged the social platform to do something. 533 Total views 52 Total shares Twitter is a platform for community members to discuss various perspectives on issues within the crypto space. However, productive discussions are often hindered by bots that spam “why is…
BREAKING: FTX appears to have resumed withdrawals Blockchain data shows
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute. 591 Total views 1 Total shares According to data from Etherscan on Nov. 10, troubled cryptocurrency exchange FTX appears to have resumed withdrawals. The exchange's hot wallet address, which has remained inactive after FTX announced on Nov.…
$83K Bitcoin price in the cards after data shows BTC whales bought the dip
As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change, the Bitcoin futures premium reached its lowest level in six months. This indicator matches Dec. 11, 2020, when Bitcoin hit a $17,600 low just 10 days after making…
3 reasons why the Bitcoin dominance metric is a flawed indicator
Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there's an argument that the market share indicator makes less sense as time goes by.One point to note is the staggering growth of the stablecoin…
Three of Australia’s “big four” banks bring bank guarantees on blockchain
Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days. Three of the “big four” Australian banks are forming a new company called Lygon to digitize bank guarantees using blockchain technology. Bank guarantees are an official contract between a debtor and a financial institution. It ensures the debtor and the debt provider that…