Tag: Trading

Bitcoin trading activity surges during US market hours, research shows

Research findings by K33, a digital assets platform, show a pattern in bitcoin trading, with increased activity during US market hours compared to Asian and European sessions.  US market power  Despite growing concerns about regulatory uncertainties in the United States, with various crypto market participants currently locked in legal battles with the Securities and Exchange Commission (SEC), a new study by K33 shows, the country remains a force to reckon with when it comes to bitcoin trading. Per the latest research findings, the world’s flagship cryptocurrency has shown a rise…

Revenge trading goes wrong as whale losses $1.88 million on ETH shorts

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. Ether price analysis …

Bitcoin Cash Surges to Over 1-Year High amid Rising Trading Volume in South Korea

Since BCH became one of the four cryptocurrencies traded on EDX, its price has continued to rise. In the last 24 hours, the crypto has spiked more than 30%, reaching $325 for the first time since April 2022. Bitcoin Cash (BCH) is experiencing a major increase in price and trading volume due to different reasons. One of the significant factors that have been said to affect its price is that Fidelity, Charles Schwab, and Citadel-backed EDX Markets introduced BCH as part of the assets available for trading on their platform…

South Korea passes cryptocurrency bill to tackle unfair trading

boss

South Korea’s government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem tokens by passing a new crypto bill. The parliament of South Korea on June 30 passed the Virtual Asset User Protection legislation. The bill is designed to regulate unfair trade practices and protect crypto investors, the local news agency SBS Biz reported. The legislation reportedly integrates 19 different crypto-related bills, providing a unified bill defining digital assets and imposing penalties for illicit trading activity like use of undisclosed information, market manipulation and other…

Former Genesis Trading CEO Michael Moro to Lead Groundbreaking Cryptocurrency Derivatives Exchange, Ankex

boss

Michael Moro, the former CEO of Genesis Trading, is set to lead Ankex, a newly established cryptocurrency derivatives exchange. Ankex, which emerged from the incubation phase within Qredo, a crypto custody tech firm, will commence alpha testing this week. The platform aims to provide users with a decentralized custody solution while incorporating features familiar to professional traders, such as a central limit order book. Following the recent collapses of centralized crypto-trading platforms like FTX, there has been a growing interest in decentralized finance (DeFi). However, Moro highlights that the trading…

Ledger Launches Institutional-Grade Trading Network for Crypto Custody

Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions. On June 28th, crypto custody company Ledger announced the launch of “Ledger Enterprise TRADELINK”, a custodial trading network for institutions aiming to revolutionize this segment. According to Ledger, the crypto wallet company has signed contracts with several partners to carry out its new project, which eliminates unnecessary complexities in the crypto market that are under scrutiny by regulators. Among the cryptocurrency companies and partners that have signed with Ledger are Bitstamp, Bitazza, CEX.IO, Coinsquare,…