Tag: Exchange

Bitcoin Bearish Signal: Exchange Netflows Spike Up

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On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between…

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…

Spanish Crypto Exchange Bitbase Expands to Latam – Exchanges Bitcoin News

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Bitbase, a Spanish cryptocurrency exchange and crypto ATM operator, has announced its expansion to Latam with the establishment of a store in Paraguay. The company, which had previously opened a store in Portugal, is now bringing its operations to several locations in Paraguay, having its sights on Venezuela as the next destination for its expansion plans. Bitbase Looks Towards Latam While the current bear market has affected some cryptocurrency firms in a negative way, others are expanding to new latitudes, looking to capitalize on the popularity of crypto.…

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…

Exchange Whale Ratio Is Trending Up

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On-chain data shows the Bitcoin exchange whale ratio has been going up recently, something that may be bearish for the price of the crypto. Bitcoin Exchange Whale Ratio Has Been Going Up In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the current BTC whale ratio value suggests whales are still selling large amounts. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten Bitcoin transactions to exchanges and the total exchange inflows. In simpler terms, what this…

Bitcoin Exchange Deposits Hit the Lowest Level in 24 Months

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Similar to its price correction, the Bitcoin (BTC) network activity is also hitting multi-year lows amid the latest crypto winter. According to Glassnode’s on-chain data, the total number of exchange deposits (7-day moving average) on 12 July reached 2,013, the lowest level since July 2020. 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. After touching the level of almost 5,100 in May 2021, the total number of BTC exchange deposits plunged by…

Bitcoin Daily Exchange Net Flows Shows Sell-Offs Have Not Subsided

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Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a positive one. Outflows Start To Dominate The inflows and outflows for the last day have not been alarming in a way but the fact that…

Bitcoin la 3.562$

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