Category: Exchanges

Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’

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A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio.  The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances.  “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…

Crypto Exchange Coinbase Adds Two Ethereum-Based Altcoins and One Project Built on Solana to Listing Roadmap

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Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap. Coinbase’s listing roadmap is a set of crypto projects that are on the path of possibly joining the exchange’s roster of supported assets. In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), a protocol designed as a decentralized prediction market built on the Ethereum (ETH) blockchain. GNO is used for transferring value and validating transactions on the network GNO reacted to the Coinbase news by rallying over…

New Robinhood Listing Spurs Gains for Ethereum-Based Decentralized Exchange Crypto Project

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Robinhood is expanding its crypto offerings by adding support for the native asset of decentralized crypto exchange Uniswap (UNI). This week, the trading giant added support for Uniswap, which is valued at $6.79 at time of writing, up nearly 13% in the past seven days, outpacing a stagnant crypto market. Robinhood crypto also offers services for Bitcoin (BTC), Chainlink (LINK), Dogecoin (DOGE), Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Solana (SOL) and other major crypto projects. In May, the trading company announced it was launching a new non-custodial crypto and…

Bit2Me to onboard 100k blocked crypto investors from 2gether exchange

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Following a recent agreement between the two crypto exchanges, Bit2Me announced plans to onboard 2gether’s 100,000 crypto investors, who were recently blocked from trading due to the exchange’s inability to operate amid unfavorable market conditions. On July 10, Spanish cryptocurrency trading platform 2gether shut down its free trading services, citing its inability to justify its related operational costs due to crypto winter. Instead, the users were being charged 20 euros as maintenance fees. Providing relief to the recently displaced crypto investors, Bit2Me reached an agreement with 2gether to onboard its…

Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme

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The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy this week, has now also been sued with accusations that it operated like a Ponzi scheme. In a class action suit filed in a US district court in New Jersey on Wednesday, plaintiff Taylor Goines alleges, “Defendants employed devices, schemes, and artifices to defraud… and engaged in acts, practices, and a course of business that operated as a fraud and deceit upon the Class members…

Crypto Exchange BitMEX Says One Metric Reveals When Bitcoin Bear Market Will End

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Crypto trading platform BitMEX is revealing one metric that it says could signal the end of the bear market. In a new blog post, BitMEX says that based on Bitcoin’s Market Value to Realized Value Ratio (MVRV), BTC is currently early in the bear cycle compared to previous bear markets. MVRV is the ratio of an asset’s market cap versus its realized capitalization – the value of all Bitcoin at the price they were bought not the current price. “Looking at the other three key bear market cycles and measuring…

Aussie FPA supports ‘crypto rule book’ and regulation of exchanges

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The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book” idea and called for regulating exchanges instead of crypto assets. In May, the Australian Law Reform Council (ALRC) proposed to tackle crypto regulation through a rule book-style framework which sets out a series of gradually updated compliance principles for local crypto firms to adhere to. The comments came via a submission to the Treasury by FPA’s head of policy, strategy and innovation, Ben Marshan, who also argued that the regulation of crypto exchanges should…

South African Exchanges Embrace Regulation of Cryptocurrencies as Financial Assets

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South African Reserve Bank (SARB) announced that it will soon be regulating cryptocurrencies as financial assets, which was already been discussed about by the central bank for some time. It has been confirmed that the new regulations will be taking effect over the next 12 months. “Our view has changed and we now regard it (cryptocurrency) as a financial asset and we hope to regulate it as a financial asset.   There has been a lot of money that has flowed in, and there is a need to regulate it…

South African exchanges welcome the new ‘crypto is financial asset’ ruling

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South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country. The move to classify cryptocurrencies as financial assets and not currency, has been talked about for some time by the South African Reserve Bank (SARB). Deputy governor Kuben Chetty confirmed that the new regulations would take effect over the next year, speaking in an online dialogue on July 11. The cryptocurrency space has been left to develop organically in South Africa, with…