Month: September 2023

DC doesn’t realize how powerful crypto voting is — Brian Armstrong

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Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next years’ elections in the United States, claiming that representatives in Washington, D.C. do not fully understand the crypto community’s voting power in the upcoming race. “I don’t think everybody in DC actually fully realizes how powerful the crypto voting community block is. And I think 2024 is an election where the voters of America are really going to hold candidates’ feet to the fire and say, what is your position on crypto?,” Armstrong said…

Crypto Liquidity Becoming More Concentrated Within Top Exchanges, Says Analytics Firm Kaiko

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The top crypto exchanges in the world are eating up a bigger and bigger share of the industry’s trading volume, new data suggests. Crypto insights firm Kaiko says in a new report that the eight biggest exchanges in the world account for over 91% of market depth and 89% of all volume. As it was several years ago, Binance still leads the pack. Says Kaiko, “Liquidity is concentrated and has become more concentrated over time. In 2023, the top exchange, Binance, has accounted for 30.7% of global market depth and…

BlackRock denies buying crypto trading platform Voyager Digital

After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, crypto.news confirmed that the deal was fabricated. When crypto.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that the press release was false. According to Chinese crypto reporter Colin Wu, these rumors propagated as ‘news’ were likely intended to artificially inflate Voyager’s native token (VGX), a tactic known as ‘pumping.’  This misinformation was published as paid content on…

Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research

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Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests. In one of its Quicktake posts on Sept. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs). CryptoQuant: Bitcoin UTXOs in loss “mirror” March 2020 Bitcoin may be worrying market participants with current BTC price weakness, but on-chain data paints an intriguing picture of activity “under the hood.” UTXOs represent BTC left over after an on-chain transaction is executed. CryptoQuant’s UTXOs in Loss metric tracks…

Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research

Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests. In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs). CryptoQuant: Bitcoin UTXOs in Loss “mirror” March 2020 Bitcoin may be worrying market participants with current BTC price weakness, but on-chain data paints an intriguing picture of activity “under the hood.” UTXOs represent BTC left over after an on-chain transaction is executed. CryptoQuant’s UTXOs in Loss metric tracks…

From compliance to complicity: How Binance’s Russian connection undermines sanctions

Binance, a renowned cryptocurrency exchange, is embroiled in controversy as recent reports suggest a possible helping hand to Russia amidst Western sanctions. The story unravels with connections to blacklisted Russian lenders, contradicting public statements, and the shifting regulatory landscape. As dawn breaks over the world of crypto, murmurs seep into daylight, revealing stories that could shape the industry’s narrative. And as it happens, Binance, one of the juggernauts of the crypto world, finds itself at the heart of a contentious debate. According to a Wall Street Journal report from Aug.…

Robinhood adds 1.25T SHIB, Borroe.Finance’s user base growing, Maker follows

Shiba Inu (SHIB) supply in Robinhood increased after Shibarium. Meanwhile, the market is fawning over Borroe. Finance’s (ROE) presale following its token price increment. Maker (MKR) is also firm after talks of a new blockchain.  Although SHIB, ROE, and MKR are rising, investors are bullish, expecting Borroe.Finance to be among the top altcoins in 2023.  $280 million SHIB purchase highlights growing demand Following the launch of Shibarium, SHIB’s supply in Robinhood rose by nearly 70%.  Data from Arkham Intelligence shows that the trading platform’s supply has rose to 14 trillion SHIB over…

AI token trading volume stagnant despite Worldcoin buzz – Kaiko data

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While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin’s launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a…

3 reasons why Pepe price will continue to fall in September

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Pepecoin (PEPE) price has crashed nearly 85% from its record high of $0.00000448 in May 2023. What’s more, its bearish momentum is likely to continue in September.  Back-to-back Pepecoin security breaches Pepecoin has suffered two concerning security breaches in the last two weeks. First, on Aug. 24, Pepecoin’s rogue founding team members transferred $16 million worth of PEPE tokens to exchanges to potentially sell them. That created concerns across the community about a potential “rug pull scam,” causing a 30% decline in the PEPE market. Then, on Sep. 9, Pepecoin’s…