Category: Exchanges

Decentralized Exchange Altcoin Flashing Signs of Upcoming Rally, Says Crypto Trader – Here’s His Forecast

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A closely followed crypto strategist believes that a decentralized exchange (DEX) altcoin is flashing signs that it could be about to take off on a bullish rally. The trader Ali Martinez tells his 40,400 followers on the social media platform X that GMX looks primed to break out from an inverse head-and-shoulders pattern, a technical analysis chart formation that could signal a trend reversal. “If we see a consistent three-day candlestick close above $59, this could be the trigger for a bullish rally that propels GMX toward an ambitious target…

Retail Trading Giant Robinhood Lists Newly Approved Spot Bitcoin (BTC) Exchange-Traded Funds

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Retail trading giant Robinhood has listed the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs). The 11 greenlit BTC ETFs became available to the company’s customers on Thursday morning in both retirement and brokerage accounts through Robinhood Financial, according to a new press release. Robinhood chief executive Vlad Tenev says the new Bitcoin financial products help integrate crypto and traditional finance. “It not only offers clarity but also opens avenues for sophisticated risk management tools that benefit our customers in managing their digital asset investments.  Our ethos is ‘participation is…

Coinbase Expanding to Africa by Teaming Up With Leading African Stablecoin Exchange Yellow Card

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The top US-based crypto exchange platform is venturing into Africa after announcing that will be teaming up with Yellow Card, a leading African stablecoin exchange. In a new blog post, Coinbase says that as part of its plan to reach 20 countries on the continent, it’s partnering up with Yellow Card to provide millions of people access to prominent dollar-pegged crypto assets, such as USDC. “Through our new partnership with Yellow Card, one of Africa’s leading stablecoin exchanges and a Coinbase Ventures portfolio company, millions of users will gain access…

Apple Expunges Binance, Kraken, Kucoin, Huobi and Other Crypto Exchanges From App Store in India: Report

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Apple has reportedly booted out several crypto exchanges from its app store in India amid allegations that most of these platforms are illegally operating in the country. TechCrunch reports that Binance, Kraken, Huobi, Gate.io, Bittrex, Bitfinex and OKX’s apps are no longer accessible on Apple’s India app store, though customers who have already installed them on their devices can still use them. The development comes after the nation’s Financial Intelligence Unit (FIU) accused Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXCGlobal and Bitfinex of violating the Prevention of Money Laundering…

Crypto.com, Bybit and Other Centralized Exchanges See Trading Volume Skyrocket in December: Report

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New data reveals that prominent centralized exchange (CEX) platforms, including Crypto.com and Bybit, saw their trading volumes surge in December. According to blockchain reporter Colin Wu, in December, the overall spot trading volume of centralized crypto exchanges rose 27.4% month-on-month despite some of them seeing notable dips. “In December, the spot trading volume of major exchanges rose by 27.4% month-on-month. The top three in terms of percentage change were Gate at 65%, Crypto.com at 50%, and Bybit at 44%. The bottom three were BitMart at -24%, Bitget at -12%, and…

India’s Crypto Crackdown on Offshore Exchange Apps

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India has ramped up its regulatory measures against offshore cryptocurrency exchanges, directing Apple to eliminate the apps of platforms such as Binance from its App Store within the country. According to a report by Bloomberg, this recent escalation follows a notice from the Financial Intelligence Unit (FIU) targeting nine platforms suspected of regulatory misconduct in late December, signaling a tightening grip on the crypto landscape. The Ministry of Electronics and Information Technology prompted the removal of apps from platforms like Bitfinex, HTX, and Kucoin, among others, from the Indian App…

JTC Network, a New Layer One Blockchain Focused on Legal Enforcement, To List on BitMart Exchange

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January 9, 2024 – Chicago, Illinois JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart. The highly anticipated JTC listing on BitMart has been confirmed. The coin will be listed at 10 a.m. UTC on January 9, 2024. The listing announcement earlier in December brings the crypto industry one step closer to accessing the same legal remedies available in mainstream finance. The listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that…

Indian Crypto Platforms Flourish Amid FIU IND’s Foreign Exchange Notice

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Indian cryptocurrency exchanges and investment platforms, including CoinDCX and Mudrex, are experiencing a substantial uptick in deposits and a surge in new users following the issuance of compliance show cause notices to foreign exchanges, including Binance and eight others, by the Financial Intelligence Unit India (FIU IND). CoinDCX, one of India’s leading crypto exchanges, reported an astonishing 2,000% increase in crypto deposits in less than a week after the notice was issued. Meanwhile, Mudrex, an investment platform, received deposits exceeding $1 million and added a remarkable 10,000 new users to…

Is It Wise to Invest in Cryptocurrency?

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Cryptocurrency, a form of digital or virtual currency that utilizes cryptography for secure transactions, has gained significant attention and popularity in recent years. With the rise of Bitcoin and other cryptocurrencies, many individuals are considering investing in this new asset class. However, the question remains – is it wise to invest in cryptocurrency? First and foremost, it is crucial to understand that investing in cryptocurrency carries substantial risks. Unlike traditional forms of investment such as stocks or bonds, the cryptocurrency market is highly volatile and can experience extreme price fluctuations…