Day: November 11, 2021

Trading Volume Surged 512% In Q3

Crypto Exchange FTX US reported great growth during 2021 third quarter with an average daily trading volume of approximately $360 billion, a 512% jump from the second quarter. FTX US’ user count surged 52% quarter-over-quarter, increased its headcount by 30%, and held about 4.5% of the U.S. crypto spot market’s volume by September 30th, a 2% increase compared to the beginning of the quarter. The company has reached a total value of $25 billion.  Related Reading | Solana, FTX, Lightspeed Ventures To Launch $100M Web3 Gaming Fund Brett Harrison, President of FTX US,…

DEXs growing faster than CEXs but Binance still sees 171M visitors in a month

A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October. Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis by breaking the exchanges down by their business models including DEXs, CEXs, over-the-counter (OTC) brokers, derivatives platforms and high-risk exchanges with minimal know your customer (KYC) requirements. According to the data, the number of DEX’s…

Bitcoin in $65K Range as Trading Volume Slows

Bitcoin spent most of Thursday ranging around $65,000 during U.S. trading hours as the markets slowly digested a highly volatile trading day on Wednesday, when bitcoin dropped to near $64,000. At the time of publication, bitcoin was up slightly over the past 24 hours. Ether was above $4,700, a nearly 3% gain. Original

I Tried Mining Bitcoin on my Phone

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I Tried Mining Bitcoin on my Phone Zero to Making $100k Per Month at 18 I Biaheza Story: My Dropshipping Course: This video is no shape or form financial advice, it is strictly intended for entertainment purposes only. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

What Went On In The Secret Meetings Between Cardano Developer IOHK And Zanzibar Officials?

The Cardano Africa tour had been in full gear for a couple of weeks now, ending when Hoskinson had returned back to the States. Founder Charles Hoskinson had announced the tour after the successful launch of smart contracts capability on the blockchain and last month, the tour had kicked off. Hoskinson and the Cardano Foundation plan to meet and liaise with developers of Cardano-based projects and officials of various countries to discuss the acceleration of blockchain adoption on the continent. Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top…

Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K

Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels.  Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level where bulls now look to consolidate and regroup for another push higher. BTC/USDT 4-hour chart.…

Is The Dollar Index Making New 2021 Highs Dangerous For Bitcoin?

The recent nerves in the stock market and macro world has caused the dollar to surges to a new 2021 high, just as Bitcoin continues to set new records.  But is the greenback’s awakening a dangerous situation for cryptocurrencies, or is something else afoot? BTC Barely Reacts As DXY Taps New 2021 High Bitcoin price is in price discovery mode, after breaking its former high set earlier in the year. The cryptocurrency is pitched as a replacement for gold, and even the dollar – the current global reserve currency.  Cryptocurrencies,…

Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings – Bitcoin News

Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether “for the first time at auction.” 2 Banksy Paintings to be Sold at Auction in Ethereum via Sotheby’s Fine Auction House In 2021, the fine auction house Sotheby’s has been…

For Universal’s NFT Band, Music Is Second to Brand Identity

On Thursday, Universal Music Group (UMG) announced it had signed Kingship – not a musician, but a collection of four anthropomorphic non-fungible tokens (NFT). Billed as a “metaverse group,” Kingship is a partnership between UMG and the NFT investor Jimmy McNelis, who owns the four tokens in question. Conceptually, it’s a little like Gorillaz, the “virtual band” created by electronic musician Damon Albarn in the late 1990s. Each image comes along with its own fabricated backstory. The difference is that where Gorillaz was the brainchild of a musician, Kingship is…

Doctors Without Borders is now using blockchain tech for medical record storage

At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. Most of the recorded immunizations are COVID 19 vaccines, but the company stated that the eventually the goal is to store all patient medical records on the blockchain, where they will be accessible from a patient’s phone. The nascent California based startup was founded last…