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16

Crypto Exchanges / South Korean Crypto Exchange Daybit to Shutter, Cites Harsh Laws

« on: April 27, 2021, 12:51:12 AM »

South Korean cryptocurrency exchange, Daybit, is shutting its local operations, citing the harsh requirements of the anti-money laundering laws, The Korea Herald reported on Sunday.

The exchange, which is operated by Chain Partners, is planning to terminate its entire operations by June 1.
More information:click

17

Binance / Binance to launch Microstrategy, Apple, and Microsoft stock tokens

« on: April 27, 2021, 12:48:20 AM »

Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month.

On April 26, Binance announced it will launch tokenized stock pairings for leading business intelligence firm, Microstrategy (MSTR), in addition to multinational tech firms Apple (AAPL) and Microsoft (MSFT).

The tokens will allow users to trade fractionalized units of the share tokens, with minimum trade sizing set at one one-hundredth of a token.

Binance’s MSTR tokens are slated to go live at 1:30 pm UTC on April 26, while the AAPL tokens will launch at the same time on April 28, and MSFT tokens will be tradable from April 30.source

18

Crypto Exchanges / Huobi expands payment options with Visa and Mastercard

« on: April 27, 2021, 12:46:37 AM »

Cryptocurrency users on Huobi are now able to load their accounts with Spain-issued Visa and Mastercard, according to the exchange.

This has given customers more alternatives when buying cryptocurrencies with low transaction fees in Euros.

According to the announcement, the service is made possible by Giralta’s DLT service provider and Huobi Technology Co Ltd.

Users who pay for crypto assets using Mastercard will be paying a 1.32% Mastercard transaction fee. The service is offered to anyone with Spanish-issued Mastercard or Visa who have enabled international transaction, including those residing outside Spain.source

19

Coinbase / Coinbase has appointed a Google Pay engineer to lead in India

« on: April 25, 2021, 04:27:05 AM »

Coinbase is a significant crypto assets exchange and is now the first crypto start-up that went public recently. Now the exchange is planning to expand its footprint in India. To lead in India, the crypto start-up has appointed Pankaj Gupta, a former Google Pay engineering lead in India and the Asia Pacific. The announcement was made on Tuesday, which revealed that Gupta would be responsible for leading and building Coinbase’s tech hub in the country. Hence he will be the vice president of engineering and Site lead for India.source

20

Crypto Exchanges / Gemini users can now buy Bitcoin with Apple Pay and Google Pay

« on: April 25, 2021, 04:25:09 AM »

Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay.

According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be available to withdraw one hour after a purchase was made.source

21

Crypto Exchanges / 3 things every crypto trader should know about derivatives exchanges

« on: April 25, 2021, 04:22:24 AM »

Open interest

Stablecoin versus token-margined contracts

Variable funding rates
In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months.

Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume.

However, each exchange has its own orderbook, index calculation, leverage limits and rules for cross and isolated margin. These differences might seem superficial at first, but they can make a huge difference depending a traders' needs.
Source:info

22

PancakeSwap / PancakeSwap DEX Now Doing More Volume Than Kucoin and FTX Combined

« on: April 14, 2021, 12:02:50 AM »

Popular decentralized exchange (DEX) PancakeSwap has surpassed the daily trading volume of several top ten centralized exchanges, over the last 24 hours.
The popular Binance Smart Chain (BSC) DEX has seen a surge in volume following a continued rise in gas fees on the Ethereum (ETH) network.

PancakeSwap is appealing to traders for its cheaper and faster transactions according to its website. The recent rally behind Binance Coin (BNB) has likely also seen more attention aimed towards the Binance DEX.
Source:click

23

Binance / Tesla token on Binance: explosive volumes already

« on: April 14, 2021, 12:00:09 AM »

The launch of the Tesla token on Binance has been a success. On the first day, there have already been volumes of approximately 10 million dollars.

Yesterday, the exchange of Changpeng Zhao launched the trading of a new product: stock tokens, i.e. tokens representing the shares of listed companies. The first to be listed was TSLA in a pair with BUSD, Binance’s stablecoin.
Source:click

24

Coinbase / IG Group to Allow Leverage Trading with Coinbase Shares

« on: April 13, 2021, 11:57:55 PM »

IG Group, a financial broker listed in London, announced that it will offer leveraged trading with the shares of the crypto exchange Coinbase Global, which will make its public on April 14.

The direct listing of Coinbase on Nasdaq tomorrow is seen as a major boost for the cryptocurrency industry. Anticipated demand for the shock remains high among retail investors, and many analysts predict a massive rally of the stock upon listing.information

25

DeFi tokens / Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China

« on: March 25, 2021, 02:32:20 PM »

The Chinese government doesn’t officially allow its people to buy cryptocurrencies with cash, and the country is working on a digital version of its yuan that would be closely controlled by authorities.

But guess what apparently is allowed? Decentralized finance, known as DeFi, encompassing the fast-growing realm of mostly autonomous, blockchain-based software projects designed to automatically lend and exchange cryptocurrencies, and maybe someday replace banks.more

26

DeFi tokens / DeFi Exchange SushiSwap Faces an $880 Million Dilemma

« on: March 24, 2021, 05:28:03 PM »

The community of decentralized exchange (DEX) SushiSwap is wrestling with the issue of an estimated 47 million tokens ($880 million) that are set to be released from the end of April. The concern is that, if these tokens are suddenly dumped on the market, the project’s token—which only has a $2.3 billion market cap—could be crushed.

But on the flip side, if SushiSwap reneges on the deals—and some code suggests that the DEX could have the capability to do so—then it would be a slap in the face to those who bootstrapped the project through its early days. Something that DeFi Pulse co-founder Scott Lewis said, “would result in a significant degradation of sushi’s reputation if they ask protocol participants to earn again what is already owed.”
Source:link

27

Bitcoin News & Updates / Bitcoin Hits $60,000 As Price Soars 24% in a Week

« on: March 13, 2021, 07:49:34 PM »

Ending weeks of stagnancy, Bitcoin today shot up in price, hitting new all-time highs of $60,000.
This is about $1,750 higher than Bitcoin’s previous all-time high, $58,258, which the coin set on Sunday, February 21. Following that record, Bitcoin crashed to lows of $46,437 on February 23 and then to $43,527 on February 28.
Then Bitcoin came back swinging. At $60,000, its market cap hit $1.1 trillion. The coin’s price has increased by 23% in the past week and 5% in the past 24 hours.
Bitcoin has brought other coins along for its ride to the top, too. Ethereum is worth $1,843, up 17% in the past week. Binance Coin, or BNB, is up 21.8% in the past week. And Polkadot is up by 12%. Source

28

Bitcoin News & Updates / Bitcoin (BTC) Price Reaches $60k; Max Keiser Predicts Next Target $77,000

« on: March 13, 2021, 07:46:55 PM »

fter a brief period of consolidation, Bitcoin price today finally breached its previous all time high of $58, 350 and moved past $60,000 mark. Bitcoin analyst Max Keiser has predicted next short target as $77,000. Analysts are contributing this rise in price to large negative bitcoin price premium difference at coinbase & binance suggesting large spot buys for bitcoin. Source

29

Ripple News & Updates / Ripple Giant and Coinbase Shift Staggering 237 Million XRP

« on: March 12, 2021, 11:37:02 PM »

According to recent data provided by Whale Alert crypto tracker, the Ripple crypto decacorn and the largest U.S.-based crypto exchange, Coinbase, have made several transfers, transferring a total of 237.1 million coins.
In fiat, this amount of crypto represents a whopping $108,505,501. Source

30

Ethereum News & Updates / Ether Uptrend Is Weakening, Could Test Lower Support: Technical Analysis

« on: March 11, 2021, 11:54:56 PM »

Ether (ETH), the second largest cryptocurrency by market cap, is up about 140% year-to-date, but the uptrend has slowed since January. The first level of support is around $1,561, defined by its 50-day volume weighted moving average.

The relative strength index (RSI) made a series of lower highs since January, diverging from ETH’s uptrend.
Initial support for ETH is around $1,561, with lower support around the $1,300 breakout zone.
Resistance remains around the $2,000 level, which set in February as fresh all-time-high for ETH.
ETH has trailed bitcoin (BTC) since the Chicago-based commodities exchange CME launched its new ether futures contract in early February. Source link

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