Stablecoins like Tether are flooding crypto exchanges again, potentially pointing at another upward move on crypto markets. Amid renewed bullish action on cryptocurrency markets, stablecoins like Tether (USDT) are flooding exchanges to hit a new historical high in terms of allocation. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges broke a new…
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The San Francisco-based digital currency exchange plans to go public later this year. Coinbase, one of the world’s largest digital currency exchanges, has been rumored for some time to be considering a direct listing. In an official blog post, the cryptocurrency exchange disclosed plans to pursue a direct listing of its Class A common stock,…
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Uniswap’s governance token notched a new all-time high above $15 as daily volume on the DEX soars and investors anticipate the rollout of new governance rights. Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to…
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Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation. After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded…
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Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia. CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB. The newly acquired “Crypto Assets Services Company License” allows CoinMENA to operate fully as…
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The Crypto Fear and Greed index shows that the cryptocurrency market sentiment has just shifted from “Extreme Greed” to “Fear.” With the Bitcoin (BTC) price dipping below a $29,000 threshold, the investor mood is worsening and the Crypto Fear and Greed index has plunged to October 2020 levels. On Jan. 22, the Crypto Fear and…
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After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of…
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BitMEX’s parent company has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets. 100x Group, BitMEX’s parent company and the holding structure for its platform, has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets. As a GDF patron…
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Bison Trails, a leading blockchain infrastructure platform, has been acquired by the San Franciso-based exchange. Coinbase, the U.S.-based cryptocurrency exchange, has made another strategic acquisition — this time in the critical field of blockchain infrastructure. The company announced Tuesday that it had acquired Bison Trails, a fully managed blockchain infrastructure provider, in a deal that…
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The SEC’s incoming chair predicted the crackdown on crypto exchanges over AML concerns back in 2018. See what other insight he had. This is the second in a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Here is part 1. A link to part 3 will appear here when it is…
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