Tag: Exchange

Top Analyst Says Ethereum (ETH) About To Rip, Calls One Exchange Token an ‘Actual Tank’

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A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH). The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up. “ETH/BTC looks ready to finally rip higher… This is bullish.” Source: Kaleo/Twitter At time of writing, the ETH/BTC pair is trading for 0.073 BTC ($1,675). Kaleo is also bullish on BNB, the utility token of…

Banking Titan Citi Says Ethereum Merge Could Boost Crypto Exchange Coinbase Stock Price: Report

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Banking giant Citi reportedly says that Ethereum’s (ETH) upcoming transition to proof-of-stake expected next month could be bullish for the stock of Coinbase, the largest crypto exchange in the US. According to a note to clients seen by Seeking Alpha, Citi analyst Peter Christiansen has his radar locked on Coinbase’s stock for 90 days in an upside catalyst watch. According to Christiansen, there are “good developments brewing” for Coinbase in the Ethereum merge, plus possible regulatory clarity on stablecoins. The former “could represent hundreds of millions of annual blockchain reward…

Whale Exchange Inflows Remain Down

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On-chain data shows the Bitcoin whale exchange inflows have remained down after hitting a local peak a while back, a sign that could prove to be bullish for the price of the crypto. Bitcoin Whales Aren’t Sending Many Coins To Exchanges Right Now As pointed out by an analyst in a CryptoQuant post, the BTC inflows made a peak recently and have remained down since, a signal that the bottom may be in for the coin. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin…

BTC Exchange Balance Hits the Lowest Level in 4 Years

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The world’s largest cryptocurrency, Bitcoin (BTC) is currently going through a substantial price recovery after losing almost 70% of its value in the past eight months. Amid the latest market recovery, the BTC balance on leading digital exchanges is plunging. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. According to Glassnode, an on-chain analytics platform, the Bitcoin exchange balance reached 2.37 million BTC on Friday, the lowest level since July 2018. Coinbase…

India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’ – Exchanges Bitcoin News

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A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance. ED’s Action Against Wazirx India’s Directorate of Enforcement (ED) issued a press release Friday concerning Wazirx, a major crypto exchange in India. ED is a law enforcement and economic intelligence agency of the government of…

Coinbase Scrutiny Ratcheting Up As the Leading US Crypto Exchange Is Hit With Two New Lawsuits

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The largest cryptocurrency marketplace in the United States is facing a new round of legal challenges from a pair of lawsuits. Coinbase is being slapped with two class action lawsuits on the heels of the U.S. Securities and Exchange Commission (SEC) scrutinizing the exchange over unregistered securities as a former product manager pleads not guilty to insider trading in a Federal court. In the first case, the law firm Bragar Eagel & Squire is suing Coinbase Global in the United States District Court for the District of New Jersey on…

Indian Government Raids Director of Binance-Owned Crypto Exchange WazirX, Freezes $8.14M

“WazirX failed to give the crypto transactions of the suspect fintech APP companies and reveal the KYC. a search operation was conducted under PMLA on 3.8.2022 and it was found that Mr Sameer Mhatre, Director WazirX, has complete remote access to the database of WazirX, but despite that he is not providing the details of the transactions relating to the crypto assets, purchased from the proceeds of crime of Instant Loan APP fraud,” the press released continued. Source 814MBinanceOwnedCryptoDirectorExchangeFreezesGovernmentIndianraidsWazirX CryptoX Portal

BlackRock Pairs Up with Cryptocurrency Exchange Coinbase Global

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BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin.  The BlackRock-Coinbase Global partnership demonstrates that there is still demand for cryptocurrency exposure from sophisticated investors, despite the sharp decline in prices this year. In a huge fillip for the cryptocurrency industry, the world’s biggest asset manager BlackRock (+0.79%) is partnering with exchange Coinbase Global (+10.01%) to make it easier for institutional investors to manage and trade Bitcoin. The announcement by Coinbase Global and BlackRock sent shares of the former…

Crypto Exchange Blockchain.Com Joins Exchanges in Italy

Blockchain.com, a global cryptocurrency exchange headquartered in the UK, said on Thursday it had registered as a virtual asset service provider in Italy. The move made the London-based full-stack crypto services platform one of the latest crypto firms to have received such a registration. The latest approval enables its legal entity to operate in Italy issued by the Italian financial authority Organismo Agenti e Mediatori (OAM). Blockchain.com said the registration it obtained would make it accountable and minimize the prospects for money laundering. In a statement, the firm said it can…