Month: April 2022

XRP Hits 1-Week High, as NEAR Falls Again – Market Updates Bitcoin News

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During what can be described as a choppy trading session, it was XRP which was one of the most notable gainers, climbing to a one-week high. While ripple rose, NEAR was once again lower, falling by as much as 10% on Friday. While crypto markets were mainly in the red, XRP was one of Friday’s biggest gainers, climbing by as much as 9%. Following a low of $0.7106 earlier in the session, XRP/USD rallied to an intraday high of $0.7937 as the day progressed. Today’s high comes after four consecutive…

The US and Europe Can’t Regulate Crypto Alone

I’m not arguing that crypto projects should not be regulated, by the way. There’s a real societal interest in trying to steer such projects toward the protection of a public good. It’s just that regulating crypto needs a more nuanced, accommodative and, most importantly, internationally coordinated approach if it is to be effective. Source

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Bitstamp asks users to update the source of their crypto, citing regulatory compliance

Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients, one Bitstamp user told Cointelegraph. The email reads: “We work closely with our regulatory partners to ensure we continue to be your trusted exchange. Towards this, we need your account information to be updated, to provide you with the…

ETH Remains Close to Support of $3,000 on Good Friday – Market Updates Bitcoin News

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Ethereum continues to trade close to its support level of $3,000 on Good Friday, as some financial markets were closed for the holiday weekend. Volatility has slightly eased as a result, with BTC also hovering near its floor around $40,000 during today’s session. Bitcoin Bitcoin was trading lower during Friday’s session, as volatility in crypto markets somewhat eased as a result of the Easter break. Following a high of $41,245.49 on Thursday, BTC/USD is down by 2%, dropping to a low of $39,695.74 in the process. Today’s drop pushed prices…

Binance launches its first customer service center in Turkey

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Binance, the world’s largest cryptocurrency exchange by volume, announced the launch of its customer service center, Cointelegraph Turkey reported. Binance picked Turkey, where it established a local entity roughly two years ago, as the pilot country for its new service. A possible reason for Binance to pick Turkey is the high volume of traffic the exchange is getting from the country. Similarweb data shows that Turkey accounts for over 7% of the desktop browser access to Binance’s primary platform. Binance will provide its Turkish customers with 24/7 customer care support…

30k BTC Flows out of Coinbase as Institutions Rekindle Interest in Bitcoin

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Summary: 30,000 BTC has flowed out of the Coinbase crypto exchange This amount could be a sign that institutional investors are once again interested in Bitcoin President Biden’s executive order on digital assets could be a reason for the renewed interest as it did not create any significant hurdles for Bitcoin investors The United States ranks third among crypto-friendly countries 30,000 Bitcoin has flowed out of the Coinbase crypto exchange in the last 24 hours. This event was captured and highlighted by the CEO of CryptoQuant, Ki Young Ju, who…

The Stablecoin Issue: Should Stability Undermine Scalability

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The current cryptocurrency landscape, although fast-growing, is still noticeably far from being the inadvertent choice in finance for the average Jane and Joe. Among the few barriers to entry that linger in the crypto space for newbies, price fluctuation (volatility) is a key hurdle to overcome. To put this in perspective, cryptocurrencies can fluctuate in price by upwards of 16% in a single day! What if there was a form of money that was as stable as regular fiat currency but can still be used as a cryptocurrency? This would…

XRP, Dogecoin Outperform as Crypto Markets Continue Slide

“The speculation is that advertisers could be able to pay DOGE for ads and for other uses on Twitter,” explained Kryptomon Chief Marketing Officer Tomer Nuni in a note to CoinDesk last week. “We have seen the same happening when Tesla revealed the ability to pay for its goods with DOGE. So the speculation could be around Musk’s businesses and stakeholdings starting to accept crypto, as Tesla does.” Source

$UIM Tokens to list on April 18th

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Universe Island has announced the listing of its $UIM tokens on PancakeSwap which would provide its users with an avenue to trade. The listing is scheduled for the 18th of April 2022, shortly after which the first beta version of the game would be launched. $UIM is a BEP-20 token hosted on the Binance Smart Chain and serves as the official in-game token of Universe Island– a classic 1vs1 shooting game that will take the Play-to-Earn gaming experience of users to a whole new level with its NFT integration and…