Category: Exchanges

Digital Assets Exchange Crypto.com Lists Three Little-Known Altcoins As Markets Trade Sideways

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As the crypto markets consolidate, one major digital assets exchange is adding three tokens to its arsenal of altcoins. In a series of tweets, Crypto.com is announcing the addition of three little-known altcoins to its expanding digital assets list. Two days ago, Crypto.com announced the listing of Voxies (VOXEL), a retro-style play-to-earn RPG game. The Ethereum-based VOXEL token is the game’s utility token and is up 0.6% over the last 24 hours. Voxies is listed in the https://t.co/vCNztATSCO App ? Buy $VOXEL at true cost with USD, EUR, GBP, and…

Terra (LUNA) Purchases $100,000,000 More Worth of Bitcoin (BTC) As TerraUSD Launches on Crypto Exchange Binance

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Ethereum challenger Terra (LUNA) continues to build up its Bitcoin (BTC) reserves as the world’s largest crypto exchange Binance adds support for its stablecoin, TerraUSD (UST). Terraform Labs CEO Do Kwon took to Twitter to tell his 357,000 followers that the Luna Foundation Guard (LFG) has purchased $100,000,000 more worth of the leading digital asset. “[Luna Foundation Guard] bought an additional $100 million worth of BTC for UST FX [foreign exchange] reserves.” Previously, Kwon had said that Terra plans to buy up a staggering $10 billion worth of the top…

Gemini crypto exchange launches credit card in United States

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Gemini, a major cryptocurrency exchange founded by the Winklevoss twins, has launched its crypto credit card. The company officially announced Thursday that its Gemini Credit Card is available in the United States across all 50 states. The new card is issued by the state-chartered industrial bank WebBank and features Mastercard as the exclusive card network. The card’s rollout comes more than a year after Gemini initially announced the project in 2021, aiming to reward users for using crypto for everyday transactions. Since launching the Gemini Credit Card waitlist last year,…

Bitcoin retains $41K as BTC exchange withdrawals match record levels

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Bitcoin (BTC) held on to fresh gains on April 14 after a rebound in line with Wednesday’s Wall Street open flipped the mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,500 now the level to hold Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still trading above $41,000 Thursday, having reclaimed the $40,000 mark during the move higher. “So far so good, I expected a move to 41k but I doubt about going for an extra leg down to the green box (blue),” popular trader Crypto Ed commented overnight…

Coinbase, FTX and Biggest Crypto Exchanges Consolidate Power As Traders Prefer Lower Risk Platforms: Report

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A new report from CryptoCompare finds that top-tier digital asset exchanges such as Coinbase, FTX, Gemini and Binance have continued to increase their market share over the last six months. In the latest Exchange Benchmark report, CryptoCompare finds that top-tier exchanges have gained a further seven percent market share since August 2021. “Top-Tier exchanges have increased their market share from 89% in Aug 2021 (based on Aug 2021 rankings) to 96% in February 2022 (based on the latest Feb 2022 rankings) as both retail and professional traders move to lower risk…

Intercontinental Exchange Inks Partnership with McLaren Racing

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Intercontinental  Exchange  Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as…

What You Should Know Before Investing in Cryptocurrency

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One of the most difficult challenges for investors when it comes to cryptocurrencies is not getting caught up in the hype. Many retail and institutional investors’ portfolios have quickly risen to include digital currencies. Analysts, on the other hand, have continued to warn investors about the volatile nature and unpredictability of cryptocurrencies. If you’ve decided to invest in the cryptocurrency market, as with any other investment, you should do your homework. We’ll go over what you should know before you invest in the sections below. If you are willing to…

Indian crypto exchanges’ volume plunges down as 30% tax goes into effect

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Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% crypto tax rule came into effect on April 1, despite many stakeholders and exchange operators warning against its ill effects.  A research data report shared by Indian blockchain analytic firm Crebaco with Cointelegraph shows that trading volume on top Indian crypto exchanges has declined as high as 70% in the past 10 days. Crypto Trading Volume on Major Indian Exchanges Source: Creabaco…

Leading centralized exchanges extend market share in 2022

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The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies. So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11. The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, KYC checks, and more, grading them from a top…

Luxury Car Dealer Dutton to Accept Cryptocurrency Payments

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Dutton Garage partners with CoinSpot. Australians can now purchase cars from Dutton Garage, a luxury and prestige card dealer using cryptocurrencies. Take Advantage of the Biggest Financial Event in London. Via Coinspot over the counter (OTC) system, Australians can buy cards from Dutton in over 30 different cryptocurrencies. These cryptos include Bitcoin and Ethereum. Coinspot OTC does not require public order books, which is minimizing exposure to market volatility with large transactions (at least AUD$ 500,000). Gary Howells, the Chief Product Officer at CoinSpot said: “As Australians continue to look…