Tag: Exchange

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…

Crypto exchange Coinbase slashes staff by 18% amid bear market

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Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a “difficult decision” to reduce the size of the Coinbase team by about 18% due to a starting economic recession. “We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,” Armstrong wrote. He added that the trading revenue significantly declined during past crypto winters, noting that Coinbase has survived through four major crypto winters since its foundation in 2012. Armstrong emphasized…

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin News

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Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets. Buenbit Announces USDC and USDT Yield Instruments More and more exchanges are trying to offer staking options for their customers, allowing them to earn money with the funds deposited on their platforms. Buenbit, an Argentinian exchange,…

Beeks Announces the Launch of Exchange Cloud

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LSE-listed cloud computing connectivity provider for financial markets, Beeks Financial Cloud Group announced today that it has launched Exchange Cloud, an evolution of Proximity Cloud. The details shared by the company show that the launch will assist global financial exchanges in offering cloud solutions to end-users. The latest announcement from Beeks Financial Cloud Group came nearly 10 months after the company introduced Proximity Cloud, the industry’s first private cloud environment for financial markets. “Our product development has always been driven by customer demand, and we created Exchange Cloud specifically to…

Digital Assets Exchange Crypto.com Lists Three Little-Known Altcoins

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Singapore-based digital asset exchange Crypto.com is continuing its listing spree and has rolled out support for three more low-cap altcoins. The exchange announces the listing of EPX, the native token for Ellipsis, a low-slippage stablecoin swapping platform built on the BNB Chain. The project launched its 2.0 version in April, which introduced various updates to Ellipsis’ tokenomics. EPX is trading at $0.00103 at time of writing and is up more than 25% in the past 24 hours, according to CoinGecko. On Friday, Crypto.com rolled out support for LOKA, the native…

Exchange Reserves Hit New 4-Year Lows

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On-chain data shows Bitcoin exchange reserves have now reached new 4-year lows, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Reserve Has Sunk Down Further Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has been going down, suggesting buying has been going in the market. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin currently stored in wallets of all centralized exchanges. When the value of this metric goes up, it means…