Exchange balance refers to the amount of Bitcoin sitting on exchanges, and it was following a downtrend since January 2022 for both Coinbase and Binance when suddenly Binance’s exchange balance took a turn and started to spike in May. It’s still increasing, while both overall and Coinbase’s exchange balance continue to fall. Bitcoin Exchange Balance …
Monthly archives: August 2022
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations
Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals would be stopped for at least six months. The company has been investigated by the Brazilian Securities and Values Commission (CVM) in January. Bluebenx Stops …
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch …
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Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and …
Chainlink Price is already in the hands of the bulls, Facing $9.4 Level
Chainlink may continue to experience an upward trend Chainlink Price Analysis – August 14 sellers are facing the $8.8 psychological support level and aiming to hit the potential support levels at $8.1, and $7.5. At the upper side of the chart, the Chainlink may face the resistance level at $9.4, $10.0, and $10.6 provided the …
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Decred (DCR) Slips 12% Despite Prospects of Future Upgrades
The Decred (DCR) coin has continued to fall and is currently trading around the $35.16 mark, despite the network accelerating its growth to drive the blockchain into widespread use. Decred’s developer submitted an updated plan to improve the website, claiming it is already ready and needs payment and approval for deployment. As a result, this …
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NEOUSD Price: Can It Decline Below $8 Level?
Bulls may take over the NEO market soon NEOUSD Price Analysis – July 14 In case the bulls increase their momentum, resistance level of $13 may be penetrated, above the mentioned level are $16 and $19 levels. Should the resistance level of $13 is defended by the bears, NEO may likely decrease to $8, $6 …
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Binance Executive Says Retail Investors Flocking to Bitcoin (BTC) and Crypto Amid Rampant Inflation: Report
A top executive of the world’s largest crypto exchange platform by trading volume is reportedly saying that retail investors are buying up crypto assets as inflation continues to ravage the global economy. According to a new report by Reuters, Maximiliano Hinz, the head of Binance in Latin America, says that a rise in worldwide inflation …
Solana, Avalanche, and Polygon Breaking Out as One DeFi Altcoin Carves Bear Market Bottom: Top Crypto Analyst
The crypto analyst who accurately called the 2018 bear market bottom for Bitcoin (BTC) says a trio of altcoins is in the midst of a breakout. The pseudonymous analyst known in the industry as Smart Contracter tells his 210,500 Twitter followers that Ethereum (ETH) challenger Solana (SOL) has taken out the resistance of its symmetrical …
Ankr Spikes 40% as Binance Labs Invests in Ankr
Ankr spikes 40% in seven days to trade at $0.046 as Binance Labs invests in Ankr. The Ankr (ANKR) coin has maintained its upward trend and gained some additional ground around the $0.050 level due to the network receiving a strategic investment from Binance Labs, a subsidiary of one of the world’s largest cryptocurrency exchanges. The …
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Ethereum Classic Price Prediction for Today, August 14: ETC Fails To Retrace Above $45 Level
The Ethereum Classic price prediction shows that ETC may cross below the moving averages as the selling pressure increases. Ethereum Classic Prediction Statistics Data: Ethereum Classic price now – $43 Ethereum Classic market cap – $5.9 billion Ethereum Classic circulating supply – 136.3 billion Ethereum Classic total supply – 210.7 billion Ethereum Classic Coinmarketcap ranking …
Former Goldman Sachs Executive Makes High Conviction Call for Crypto Bottom Amid Shifting Macro Backdrop
Macro guru Raoul Pal says he believes with a high degree of certainty that the bottom for the crypto markets is in. In a new interview with asset management firm Arca, the former Goldman Sachs executive says that the macroeconomic environment that has kept the crypto market bearish for most of the year is beginning …
AML and KYC: A catalyst for mainstream crypto adoption
For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking sector’s over-exuberant and risky lending practices mixed accompanied by the bursting of the housing bubbles in many countries at the time. “And who do you think …
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Bitcoin hits $25K as bearish voices call BTC price ‘double top’
Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekend produces brief $25,000 tap for BTC Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on …
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Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox. Stakeholders’ Views Wanted Nearly six months after announcing the Reserve Bank …