The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges. Since This Time Last Year, Large Sums…
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The co-founder of crypto exchange Huobi has shared his view about the current state of the bitcoin market and when the next bull run will be. “We are now at the early stage of a bear market,” he said, expecting the next bitcoin bull market to be around the end of 2024 or the beginning…
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On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company noted during its announcement that the new fund highlights Sequoia’s strategic “commitment to crypto.” Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: USD 150M Bet On ‘Extending’ Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
If you want to gain investment exposure to the burgeoning digital asset industry, you could invest in cryptocurrency exchanges. Crypto exchanges are at the center of the global crypto markets and are among the most profitable and fastest-growing companies in the industry, making them a potentially lucrative investment if you can pick the right…
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Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows. Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed…
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The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. Amid apparently…
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Is the China ban to blame for the recent Bitcoin sell-offs that brought down the whole crypto market? That is the prevalent theory. As the main exchanges close their operations in mainland China, the citizens have been fearfully selling their assets. They don’t know if they’re going to be able to transact or even sell…
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As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping…
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ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new…
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