Month: July 2024

Bitcoin Cash’s (BCH) Mt. Gox-Led Sell-Off Amplified by Poor Liquidity

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The resulting panic selling by BCH holders anticipating potential mass liquidations by the Mt. Gox creditors was amplified by poor liquidity, or order-book depth, across centralized exchanges, according to Paris-based Kaiko. In a market with poor liquidity, traders find it hard to execute large orders at stable prices, and a single large buy or sell order can disproportionately influence the asset’s price, leading to a volatility explosion. Original

Crypto Wallet Provider Exodus Aims to Solve Web3’s User-Friendly Issue With ‘Passkeys Wallet’

“If I’m a user, I don’t need to sign up, there’s no email verification, I don’t need to worry about importing, or even really managing 12-word mnemonic phrase [seed phrase]. It takes so much of that complexity out,” Reising said. Additionally, Exodus has worked with some payment processing partners to help new users fund their Passkeys Wallet easily, he added. Source

Analyst Predicts XRP Crash To $0.07 Amid Triangle Breakdown

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Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form…

2016 ICO Project That Raised 820,000 Ethereum Sells $72,000,000 Worth of ETH on Crypto Exchanges: Lookonchain

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A crypto project that raised 820,000 Ethereum in a 2016 initial coin offering (ICO) recently sold millions of dollars worth of ETH on a handful of exchanges, according to the digital asset tracker Lookonchain. Golem Network (GLM) is an open-source platform that aims to enable decentralized access to computing power. Lookonchain notes the project raised its large ETH stack through an ICO in November 2016, when the price of ETH was only $10.20. Lookonchain says Golem sold 24,400 ETH worth $72 million on the crypto exchanges Binance, Coinbase and Bitfinex…

Standard Chartered-Backed Zodia Custody Partners with Crypto Lending Firm Maple Finance

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Do I really need to read the privacy notice?

We are encouraging people to check how an app plans to use their personal information before they sign up. All apps will have a privacy notice, a statement that explains how the company will use your data. We know these can be overwhelming, and it is far too easy to just click “agree” when installing a new app. But signing up to an app often involves handing over large amounts of your sensitive personal information, especially with apps that support our health. Last year, we reviewed period and fertility apps…

Do I really need to read the privacy policy?

We are encouraging people to check how an app plans to use their personal information before they sign up. All apps will have a privacy policy, a statement that explains how the company will use your data. We know these can be overwhelming, and it is far too easy to just click “agree” when installing a new app. But signing up to an app often involves handing over large amounts of your sensitive personal information, especially with apps that support our health. Last year, we reviewed period and fertility apps…

BONK leads meme coin rally with 25% surge amid token burn and whale activity

Solana-based meme coins Bonk (BONK) haw outshined all of the meme coins in the top 100 cryptocurrencies with over a 25% surge in the last 24 hours. At the time of writing, BONK was up 24.3% in the last 24 hours, exchanging hands at $0.000026 per data from CoinMarketCap. The crypto asset’s market cap had surpassed $1.8 billion, overtaking Dogwifhat (WIF), another Solana-based dog-themed competing meme coin whose market cap stood at 1.71 billion. BONK 24-hour price chart | Source: CoinMarketCap The meme coin’s daily trading volume had surgery 155%…

Nigeria Considers Domestic Blockchain for Data Security

A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensure compliance with Nigerian laws and allow the country greater control over its data. Domestic Blockchain Seen as Boosting Government […] Source CryptoX Portal