Tag: Trading

Bitcoin surfs $30K as traders hope US trading will boost BTC price

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Bitcoin (BTC) circled $30,500 at the June 26 Wall Street open as bulls held newfound support. BTC/USD 1-hour chart. Source: TradingView Bitcoin ETF hype puts demands on U.S. session Data from Cointelegraph Markets Pro and TradingView showed BTC price action retaining $30,000 around the weekly close. The largest cryptocurrency began the week on a stable note as U.S. markets began trading, with observers hoping for a copycat move from the week prior. Then, the U.S. had provided the lion’s share of buyer interest, following multiple announcements of institutional product applications…

HSBC Approves Bitcoin and Ethereum ETF Trading in Hong Kong

In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre. HSBC Holdings plc (LON: HSBA), the largest bank in Hong Kong, has made history by becoming the first bank in the region to offer crypto trading services to its customers. As revealed by Independent Chinese Journalist, Wu Blockchain, customers can now buy and sell Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) listed on the Hong Kong exchange. This move comes as a response to the growing demand for…

Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong’s SFC chief

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The CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX last November, noting that crypto trading is an important part of the virtual asset ecosystem. During a recent speech, Leung reportedly explained that the new licensing system for virtual asset providers will ensure that investors are protected while taking into account the risks that financial institutions face. In the chief’s view, incorporating virtual assets providers into the regulatory system was the only way…

Investors accuse Wintermute of facilitating Celsius wash trading

A group of crypto investors has accused Wintermute Trading Ltd., a leading cryptocurrency market maker, of colluding with bankrupt crypto lender Celsius Digital and its former chief executive Alex Mashinsky to deceive them. According to a Bloomberg report, a group of Celsius investors who initially filed a lawsuit against former CEO Alex Mashinsky and several of the company’s top executives in July 2022 has amended the lawsuit to include Wintermute. Wintermute Trading Ltd., one of the biggest cryptocurrency market makers, was accused in a proposed class-action lawsuit of helping former…

Celsius creditors allege Wintermute facilitated ‘wash trading’: Report

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Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through the use of “wash trading.” According to a June 23 Bloomberg report, which cited a recent court filing, Celsius creditors have recently amended their lawsuit in the United States District Court of New Jersey to allege that  Wintermute was engaged by Celsius executives to conduct improper market trading. June 24 court filing in the United States District Court of New Jersey. Source: assets.bwbx.io Wintermute, described…

GBTC Sees GBTC Sees Over 400% Surge in Trading Volume in 5 Days, Here’s Why400% Surge in Trading Volume in 5 Days

There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF. Grayscale’s Bitcoin Investment Trust (GBTC) is currently enjoying some attention from investors, and its trading volume is a testament to this fact. This follows after GBTC’s trading volume spiked by over 400% within the last week. As of June 14, the daily trading volume of GBTC was still standing at $16.1 million. However, in just 5 days, that volume surged massively to about $80 million. Why Is GBTC Trading So…

Bitnals aims to shape crypto trading with data-driven signals

Navigating the constantly changing landscape of cryptocurrencies can be difficult. The market’s instability can make it hard for investors to make informed decisions, resulting in missed chances and potential losses. Nevertheless, Bitnals, a crypto company, aims to revolutionize the game with its approach and technology. Founded by a team of expert traders, Bitnals is dedicated to providing crypto enthusiasts with a reliable solution to navigate the unpredictable crypto market. Their website, www.bitnals.com, offers a unique algorithmic system that analyzes various market indicators, including volumes, price action, large account movements, and market…

Robinhood’s crypto trading volume falls in May, this hybrid exchange can take over

Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer less restriction.  Amidst the exodus of traders, Tradecurve has stood out, but can it take over from centralized trading platforms? >>Buy TCRV tokens now<< Robinhood trading volumes plunge 68% Robinhood, a trading platform, has reported a decrease in cryptocurrency trading volume in its May report. The report shows a 43% drop in crypto trading…