Tag: Exchange

Former president of the New York Stock Exchange joins Uniswap Labs as an advisor

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On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor. Cunningham served as the first female president of the New York Stock Exchange after beginning her career as a trader on its floor. She said in a statement that she believes in the potential of Uniswap’s commitment to fairer markets.Uniswap is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3. Cunningham has also been listed as one of BBC’s 100 Women,…

Binance CEO Changpeng Zhao Says Exchange Will Launch Big Hiring Spree During Crypto Bear Market: Report

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The world’s largest digital assets exchange is planning a hiring spree as some of its competitors slash jobs during the current crypto market downturn. According to a new report by Fortune, Changpeng Zhao, CEO of Binance, says that the company has secured the resources to hire more employees as well as focus on acquisitions. Zhao’s announcement comes at a time when other prominent crypto firms, such as Coinbase, Gemini, Crypto.com, and BlockFi all announced significant layoffs. “We have a very healthy war chest; we in fact are expanding hiring right…

Crypto Exchange Billium Launches Revolutionary Copy Trading Platform

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A Dubai-based crypto exchange is launching a revolutionary Copy Trading platform. Copy Trading is a mutually beneficial relationship for both amateur and professional traders. The platform will allow new traders to copy and trade like professionals are bringing even more innovation to the space. When it comes to trading, having the right information is always the difference between making a profit and a loss. With Billium, amateur traders are assured of always getting real-time updates from their preferred professional traders. Not only does Billium plan to shake up the Copy…

Bitcoin Miners’ Exchange Flow Rises To Seven-Month High Amid Bloodbath

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Bitcoin mining profitability has plummeted by more than 75% from the market peak, and is now at its lowest level since October 2020. Bitcoin Price Plummets Further Bitcoin’s price plummeted to a 52-week low of $20,800 on Wednesday, down from an all-time high of $68,788 by more than 70%. Despite the fact that the price has already returned above $21,000, important market indications indicate that bears still have a strong grip on the current market. The Bitcoin Miners to Exchange Flow, a metric that measures the amount of BTC transferred…

Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K

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Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indicators point toward bears having a significant hold on the current market. Bitcoin Miners to Exchange flow, a metric that indicates the volume of BTC sent by miners to crypto exchanges, rose to a seven-month high of 9,476. The rise in exchange flows indicates miners are currently selling their BTC in anticipation of the price going down.…

Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk

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Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs. Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse June 14. Major exchanges finish up 83,000 BTC in a single day As BTC/USD fell to lows of $20,800, panic appeared to set in among traders, and despite a reversal that at one point topped $23,000, few seemed willing to trust that the worst was over. Since then, spot price action…

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

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With the crypto market’s decline, there have been a number of things that have changed drastically in the space. Mostly, investors have been rushing to get out of the market before the crash takes more of their funds. What this has led to has been a significant increase in the number of cryptocurrencies that are flowing to exchanges. Most notably have been Bitcoin and Ethereum, whose daily exchange inflows have touched billions of dollars. Billions In Crypto To Exchanges The data for the last 24 hours shows that the amount…

Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze

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On June 14, discussions of Celsius continued to populate media headlines and June 14’s news involved the platform’s CEL token accruing massive gains after what appears to have been either an exchange glitch or a short-squeeze. CEL price spiked from $0.18  to $1.55 in one abrupt candle before sinking back to $0.60 within the same one-hour candle. CEL/USDT 1-day chart. Source: TradingView Currently, analysts are on the fence about the reason for the explosive price breakout. Some cite Celsius repaying a portion of its debts as a reason, while others…

Crypto Exchange Zonda to Expand into Italy

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Zonda, a regulated cryptocurrency platform, announced on Tuesday that it plans to enter the Italian market on June 15. According to the press release, the move will be led by Barnabas God, Chief  Marketing  Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers’ needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide…

Coinbase Triggers Explosive Rally for Ethereum-Based Altcoin As Exchange Announces Support for New Crypto Assets

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One altcoin focused on privacy and scaling solutions is surging after being added to top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Marlin (POND) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Marlin is a high-performance “layer-zero” blockchain network that’s geared toward delivering high-quality infrastructure for the decentralized web. Calling itself “the unglamorous underbelly of the decentralized economy,” Marlin seeks to provide solutions for scaling and user privacy. The Marlin Foundry offers users the ability to leverage bandwidth…