CryptoX – Cryptocurrency Analysis and News Portal Coinbase users in the Eastern European country of Georgia were able to withdraw their holdings for 100 times the exchange rate, pocketing thousands of dollars in profit. Original Source The post Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate appeared first on CryptoX. CryptoX Portal
Traders are increasingly deploying two strategies that utilize futures ahead of the Ethereum Merge, leading to a surge in ether futures volumes. Original
El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again. The Bitcoin bond, also known as the Volcanic bond, or Volcanic token, was first announced in November 2021 as a way to issue tokenized bonds and raise $1 billion in return from investors. The fundraiser will then be used to build a Bitcoin City and buy more BTC. The bond was set to be issued in the first quarter of 2022 but…
Bitcoin (BTC) returned to $20,000 on Sept. 2 amid renewed bets on a “short squeeze” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $20,700 short squeeze trigger Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from another dip below the $20,000 mark on the day, continuing rangebound behavior. The pair gave little insight into which direction the next breakout could be, with opinions differing on the surrounding environment. Amid downside pressure on risk assets and a strong United States dollar, overall consensus appeared to favor long-term…
Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims. Securities Watchdog Adopts Stricter Advertising Rules for Crypto Platforms in Thailand Thailand’s Securities and Exchange Commission (SEC) has approved new requirements for crypto ads, Bloomberg and Reuters reported quoting the regulator. According to a statement released on Thursday, the changes come after the SEC found that some advertisements lacked any warnings about the…
What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency. Some cryptocurrencies are backed by gold in order to tie the derivative asset (crypto) to a tangible asset (gold), thereby preventing excessive fluctuations in price. Thus, gold-backed cryptocurrency is often more stable than other digital currencies. This is because the price of gold is generally…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Are looking you for an alternative to Binance? How about Coinbase? If you do, then we will show you how you can trade on Coinbase. Don’t worry! We will make this video beginner-friendly for all. First, Coinbase is an online platform where you can either buy certain crypto or even sell yours! Sounds amazing, right? If you wanna know more about how you can trade on Coinbase? Then, jump into the video. ✅ Signup to CoinBase Exchange: (Get $10 Commission!) TIMESTAMP: 0:36…
Despite the uncertainties brought about by the bear market, on-chain metrics show that the majority of Bitcoin (BTC) traders have been using a very simple trading strategy for more than a year: hodling. According to data from the trading analysis platform TipRanks, while on-chain signals remain bearish for BTC, 62% of wallets have held BTC for one year and above. On the other hand, 32% of wallets are shown to have held for a month up to a year. Lastly, those who have been holding for less than a month…
SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, has reversed the two-month decline its previously recorded in its total trading turnover. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The stock exchange’s turnover reached CHF 78.3 billion in August, which is a 1.3% month-over-month (MoM) gain from the CHF 77.2 billion it posted in July. On the contrary, the total number of transactions made on the exchange declined…
The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the Digital Dollar Project “explore technical and business implementation questions.” Inaugural Cohort to Focus on Cross-Border Payments The Digital Dollar Project (DDP), a nonprofit organization spearheading discussions around the mooted digital version of the U.S. dollar, recently announced the launch of…