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Binance's Market Share Among Crypto Exchanges Slides As OKX, ByBit Chip Away At Its Dominance
Wednesday, January 17, 2024 - 4:17pm | 570The once-uncontested supremacy of Binance (CRYPTO: BNB) in the cryptocurrency exchange market may be waning, with its market share decreasing from 54.2% at the start of the year to 48.7% by the end of 2023. Why Cryptocurrency Market Is Recovering This dip in dominance is coming against...
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Stablecoin Mayhem Rocks Crypto Market: USDC/USDT Plunges More Than 20 Cents Before Stabilizing
Wednesday, January 3, 2024 - 4:02pm | 384Major stablecoins experienced a temporary de-peg following the price drop in the cryptocurrency markets. The USDC/USDT trading pair, typically known for its stability, witnessed a dramatic de-peg on Binance, plunging to $0.76 and $0.8 at 20:00 and 20:15 UTC+8, respectively, before...
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Memecoin Madness: Solana Degen Turns $92 Into $1.5M In 16 Days Trading Silly Token, Can You Repeat This Dream?
Thursday, December 21, 2023 - 1:43pm | 537A bold Solana (CRYPTO: SOL) trader turned a measly $92 (1.5 SOL) into a staggering $1.55 million within 16 days, showcasing the potential for explosive gains in the memecoin realm. What Happened: Lookonchain, a blockchain analytics platform, unveiled the details of this feat in a series of Tweets...
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From Rags To Riches: Meet The BONK Trader Who Turned A $46,000 Loss Into A $4.4M Profit In Just One Month
Saturday, December 16, 2023 - 11:05am | 482In the world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, one anonymous trader turned a seemingly hopeless investment into a staggering $4.4 million profit in just one month by trading Bonk (CRYPTO: BONK) tokens. The trader's journey to this...
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Shibu Inu Is At The Brink Of All-Time Highs, Will It Roar? When Analysts Expect A Historic Pop
Friday, December 15, 2023 - 2:05pm | 522The cryptocurrency market has been closely monitoring the trajectory of Shiba Inu (CRYPTO: SHIB), a decentralized meme token that has been drawing attention since its inception. Created in August 2020 by an anonymous entity known as Ryoshi, Shiba Inu has established a significant...
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Derivatives Exchange Bitnomial Gains Complete Regulatory Slate From CFTC
Wednesday, December 13, 2023 - 7:23pm | 322The U.S. Commodity Futures Trading Commission (CFTC) approved a derivatives clearing organization (DCO) license for Bitnomial, the U.S.-regulated digital asset derivatives exchange announced on Wednesday. This approval, decided by a four-to-one vote at the CFTC December Open Meeting, positioned...
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Coinbase Advances Global Strategy With Non-US Spot Trading Initiative
Wednesday, December 13, 2023 - 2:17pm | 421Coinbase International Exchange on Wednesday announced the introduction of non-US spot markets, marking a new phase in its expansion. This move is aimed at catering to the diverse needs of its international clientele and aligns with Coinbase Global Inc's (NASDAQ: COIN) strategic...
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Five Utility Tokens Ready To Surge In The Crypto Bull Run: Report
Wednesday, December 13, 2023 - 1:19pm | 531Several utility tokens have been identified as potential standouts in the upcoming cryptocurrency bull run by investment research platform Token Metrics, each offering unique features and innovations in the Web3 space. Contentos: A New Era For Digital Content: Contentos aims to transform...
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KuCoin Banned In New York As Part Of $22M Settlement For Illegal Crypto Transactions
Tuesday, December 12, 2023 - 3:44pm | 447New York Attorney General Letitia James on Tuesday announced a settlement with KuCoin, with the Seychelles-based exchange agreeing to pay over $22 million for failing to register as a securities and commodities broker-dealer and for misrepresenting itself as a crypto exchange and is now...
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Crypto Market In Overdrive: Spot Trading Volumes Spike, Binance Web Traffic Soars
Monday, December 11, 2023 - 4:28pm | 477The cryptocurrency market experienced a notable surge in trading activities in November, with major exchanges seeing a substantial increase in both spot and futures trading volumes. What Happened: In an impressive month-over-month growth, spot trading volumes on major exchanges jumped by 60% in...
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Ex-Coinbase Pros Raised A $500M Fund To Buy Shares In Animoca Brands, Chainalysis
Monday, December 11, 2023 - 12:01pm | 575Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts. This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals,...
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Robinhood Debuts Crypto App In Europe With Free Commissions, Loyalty Program, Bitcoin Cashback
Thursday, December 7, 2023 - 11:07am | 558Robinhood Markets Inc. (NASDAQ: HOOD) is expanding its reach in the European Union by introducing its commission-free cryptocurrency trading service. This move comes just a week after the company launched its stock trading services in the UK. Starting Thursday, the app will enable European users to...
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Institutional Investors Prefer Bitcoin, Ether Over Altcoins — Here's Why
Monday, December 4, 2023 - 1:17pm | 489Institutional investors are wary of altcoins and prefer holding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). According to crypto exchange Bybit, Institutional Investors (INS) increased their Bitcoin holdings during the first three quarters of 2023. In September alone, a staggering 50% of INS...
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Bitcoin Bull Run Ahead: Novogratz Sees Return To All-Time Highs
Thursday, November 30, 2023 - 2:05pm | 432Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. (OTC: BRPHF) on Thursday expressed optimism about Bitcoin's (CRYPTO: BTC) potential to return to its previous peak within the next year. This optimism was fueled by the growing expectation that the U.S. Securities and...
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Raoul Pal's Insights On Business Cycle Impact On Asset Classes, Including Blue Chip Cryptos Over Certain Altcoins
Wednesday, November 29, 2023 - 1:14pm | 507Former Goldman Sachs executive Raoul Pal shared insights about the business cycle's impact on various asset classes, including cryptocurrencies, emphasizing the risks associated with trading altcoins outside the top 10. In a series of tweets, Pal presented "Raoul's Easy...