Day: April 27, 2023

Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months

CryptoX – Cryptocurrency Analysis and News Portal Bitcoin’s estimated leverage ratio, calculated by dividing the dollar value locked in the active open perpetual futures contracts by the total number of coins held by derivatives exchanges, fell to 0.195 on Wednesday, reaching the lowest since Dec. 20, 2021, per data tracked by analytics firm CryptoQuant. Source The post Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months appeared first on CryptoX. CryptoX Portal

NFT markets are out of balance with sellers dominating: Data

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Recent data has revealed that throughout April, the nonfungible token (NFT) market has consistently seen more sellers than buyers, without a single exception. According to data from the analytics platform NFTGo, there were only 7,907 buyers on April 26, while there were 8,641 attempting to sell their NFTs. Days before, on April 19, the NFT market hit its second lowest point in the past twelve months, with only 5,893 buyers – a slight increase from the lowest recorded date in the past twelve months, which was on June 18, 2022, with…

Binance Reportedly Removes Restrictions on Russian Users – Exchanges Bitcoin News

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The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa and Mastercard, Used to Load Binance Accounts Holders of Russian bank cards can now deposit money to Binance, the global leader among cryptocurrency exchanges. According to the Russian news outlet Kod Durova, deposits can be…

Hong Kong security regulator to issue crypto license guidelines in May

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The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that will be able to offer trading services to retail investors on June 1. Leung said the consultation process on the licensing regime received over 150 responses from interested parties, according to Bloomberg. Anti-Money Laundering (AML) and Know Your Client (KYC)…

Cameron Winklevoss claims regulatory double standards over banking crisis

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Cameron Winklevoss, the co-founder, and CEO of New York-headquartered crypto exchange Gemini, has accused U.S. regulators of perpetrating double standards in handling the First Republic Bank crisis.  According to Winkelvoss, if First Republic had been a “crypto bank” it would have been “assassinated weeks ago.” It is important to note that First Republic initially began experiencing “structural challenges” with its balance sheet at the time that Silicon Valley Investment Bank and Silvergate Bank were being closed down by federal regulators or winding down operations.  First Republic Bank is down another…