“Market makers tend to pull orders to avoid getting caught in an unfavorable price swing,” Medalie told CoinDesk. “That is why liquidity disappeared on order books during big market events, such as the March banking crisis or FTX collapse,” she continued. “Right after the Curve exploit, we saw the opposite trend, with liquidity being added to the CRV order books, specifically on the bid side.” Source
The field of artificial intelligence (AI) is taking the world by storm, but many people have found themselves looking up at the sky, wondering where all the rain came from. Those who didn’t realize the place AI already has held in our everyday lives are having a hard time understanding what further advancements mean for society as a whole. Wrapping your head around the technology itself is a challenge for most, but it gets even more complicated when broken down. No longer are people just using the umbrella term artificial…
Ripple Labs Inc., the company behind the XRP token, has released its Q2 XRP Markets report. As part of the report, the company shared its XRP holdings as of March 31, 2023, and June 30, 2023. Ripple’s XRP Holdings Ripple revealed that its XRP holdings fall into two categories; wallet-held XRPs and ones in escrow lockups (Ripple releases one billion XRP monthly as part of its monthly token unlock). As of March 31, 2023 (representing the first quarter of the year), Ripple held 5,506,585,918 XRP and a further 42,800,000,013 XRP…
“At Google Cloud, we’re focused on strengthening the Web3 ecosystem by offering founders and developers the tools they need to scale their applications,” Carlos Arena, director of digital assets at Google Cloud, said. “Running a validator on the Celo network builds on our collaboration with the Celo Foundation, and we look forward to helping to enable the growth of the network.” Source
Binance counts China as its largest market, followed by South Korea, Turkey, Vietnam, and the British Virgin Islands, according to documents reviewed by the Wall Street Journal. The Journal reports that despite the ban on crypto within China, teams from Binance regularly collaborate with Chinese law enforcement to detect potential criminal activity. It also has 900,000 active users in-country, according to the report. A spokesperson for the exchange did not immediately respond to CoinDesk’s request for comment. Data from the Journal shows that China is a $80.6 billion futures market…
ICO advice to people receiving cold calls, as government looks to ban cold calls on financial products The ICO is reminding people to report nuisance calls, texts and emails they receive. It is against the law for organisations to make marketing calls to anyone signed up with the Telephone Preference Service (TPS), which operates a “do not call” register, unless the individual has explicitly consented to receive these calls. This week, Government Ministers announced plans to consult on a ban on cold calls to sell financial products including mortgages, insurance…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s (BTC) brief recovery of the $30,000 mark after a major drop has sparked significant interest among market observers. During this period, key metrics such as whale transactions and weekly price volatility have surged, indicating potential market sentiment and activity shifts. Whale transactions involving Bitcoin worth at least $1 million have witnessed a remarkable rise, per Santiment data. Prominent institutional investors or high-net-worth individuals generally initiate these transactions. Their trading activity can exert considerable influence on…
CryptoX – Cryptocurrency Analysis and News Portal The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday. Source The post Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes appeared first on CryptoX. CryptoX Portal
Binance Coin (BNB) has recently exhibited a period of price consolidation, displaying a lateral movement within the range of $245 to $234 over the past two weeks. This intriguing price action has given rise to a bullish reversal pattern known as the inverted head and shoulders, hinting at potential future price movements. The inverted head and shoulders pattern is a popular technical analysis formation, often indicating a potential trend reversal. It consists of three main components: a low, followed by a lower low forming the “head,” and then another low…
Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation. The WSJ report says its reporters, along with current and former employees of Binance, viewed “internal figures” that revealed users traded $90 billion in cryptocurrency-related assets in China during the time span of only one month. However, as these claims surfaced Binance has come out in denial of conducting any business in China. In a statement given to Cointelegraph via email,…