Markets and Trade

Markets and Trade Crypto Trading Insights

Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users...
16/09/2023

Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users’ accounts into stablecoins so the individuals could withdraw them. The request marks another step toward the return of users’ funds, a process that the company began in August.

On Aug. 29, BlockFi filed an application to the United States Bankruptcy Court for the District of New Jersey to authorize the conversion of the so-called trade-only assets into stablecoins. The assets in question — Algorand’s native token, ALGO, Bitcoin Cash (B*H) and Dogecoin (DOGE) — cannot be withdrawn easily, and BlockFi suggests a one-time exchange for Gemini Dollar (GUSD) or another stablecoin.

U.Today - Several XRP transactions that make up an impressive total amount together — close to half a billion — have bee...
16/09/2023

U.Today - Several XRP transactions that make up an impressive total amount together — close to half a billion — have been spotted by the popular crypto tracking service Whale Alert over the period of the last 24 hours.

Ripple Labs giant took an active part in this, transferring part of this massive crypto stash.

Ripple sells 59 million XRP, with 483 million XRP on the move in total
The above crypto tracker spotted three XRP transfers, carrying 424,018,481 XRP; 31,000,000 XRP and 27,600,000 XRP.

Crypto is a volatile place. Money can be as easily lost as made through the ups and downs of Bitcoin and the wider marke...
15/09/2023

Crypto is a volatile place. Money can be as easily lost as made through the ups and downs of Bitcoin and the wider market, and there are massive decisions to make. Should you just hodl invest and do nothing or actively trade the market? How many coins should your portfolio hold? Self-custody or keep your funds on an exchange with pre-determined stop losses?

Basically, how do you protect your stack from the million and one things that can go wrong? We asked Bitcoin OGs and experts in the space for their advice and opinions.

Crypto.news - The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like P...
15/09/2023

Crypto.news - The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like PayPal (NASDAQ:PYPL) enter the arena.

Bloomberg Intelligence expert Jamie Coutts pointed to Ethereum’s (ETH) growing dominance, highlighted by key network adoption metrics and layer-2 projects like Optimism, Arbitrum, and Base.

He anticipates that Ethereum’s scaling roadmap will drastically lower layer-2 transaction costs, thanks to the forthcoming EIP-4844. This comes as PayPal recently debuted its PYUSD stablecoin, fueling speculation that it might develop its own layer-2 network.

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against...
14/09/2023

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under

The biggest new memecoin of 2023, Pepe (PEPE), suffered one of the worst possible fates that can befall a new crypto ass...
14/09/2023

The biggest new memecoin of 2023, Pepe (PEPE), suffered one of the worst possible fates that can befall a new crypto asset — a partial rug pull after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24.

The official Pepe X (formerly known as Twitter) account explained the drop was due to “three ex-team members” going behind their back and selling the tokens without their knowledge — a move that saw the price of Pepe plummet as much as 26% in the days following, without much respite.

Pepe liquidity held strong despite the sudden plunge. Source: Kaiko

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to th...
12/09/2023

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.

This comes after disclosures were revealed in a Nvidia (NASDAQ:NVDA) report that the U.S. government had expanded requirements for export licenses for artificial intelligence (AI) chips.

The cryptocurrency market capitalization is down today, with the U.S. Securities and Exchange Commission (SEC) spoiling ...
12/09/2023

The cryptocurrency market capitalization is down today, with the U.S. Securities and Exchange Commission (SEC) spoiling the rally this week.

The combined valuation of all cryptocurrencies has fallen 3.7% in the last 24 hours to $1.02 trillion on Sep. 1.

Crypto market performance in the past 24 hours. Source: Coin360.com
Liquidation heatmap of crypto assets. Source: Coinglass
DXY daily performance chart featuring its correlation with the crypto market cap. Source: TradingView
Crypto market's daily performance chart. Source: TradingView

The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and...
11/09/2023

The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets that are used to fund illicit weapons programs.

According to a report by a local media outlet, the Korea JoongAng Daily, multiple anonymous government sources confirmed on Aug. 3 that the bill is in the works. A government official who remained anonymous reportedly said that the bill would reflect the president’s belief that the country’s cybersecurity framework needs to be repaired, the report said

Crypto asset manager Grayscale Investments recently scored a big win in its battle against the United States Securities ...
11/09/2023

Crypto asset manager Grayscale Investments recently scored a big win in its battle against the United States Securities and Exchange Commission.

In an ongoing effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SECs rejection of its recent ETF application was unfair. The SEC had alleged that the GBTC didnt have enough safe practices and fraud protection in place.

HIVE Digital Technologies Ltd. (HIVE) is pleased to announce the unaudited production figures from the Company's global ...
10/09/2023

HIVE Digital Technologies Ltd. (HIVE) is pleased to announce the unaudited production figures from the Company's global Bitcoin operations for the month of August 2023, with 274 Bitcoin produced in August. The Company has maintained over 3.67 Exahash ("EH/s") of Bitcoin mining capacity on average for August 2023, including ASIC and GPU BTC hashrate (all amounts in US dollars, unless otherwise indicated).

Summary Overview:

HIVE produced 274 Bitcoin in the month of August, from ASIC and GPU mining operations, representing an average of 74.7 Bitcoin Per Exahash, with an average hashrate of 3.67 EH/s for the month of August 2023;
HIVE produced an average of 8.8 BTC per day in August 2023;
HIVE ended the month with 3.69 EH/s of mining capacity, including ASIC and GPU BTC hashrate.

Crypto.news - Bitcoin (BTC) has been consolidating below the $26,000 mark over the past week as the global crypto market...
10/09/2023

Crypto.news - Bitcoin (BTC) has been consolidating below the $26,000 mark over the past week as the global crypto market condition turned red.

However, with the recent market-wide bullish momentum, BTC whale activity and social dominance have witnessed a significant spike. Bitcoin is up by 0.03% in the past 24 hours and is trading at $25,755 at the time of writing.

BTC price, whale activity, supply on exchanges and active addresses – Sep. 7 | Source: Santiment

The hike comes as the asset’s 24-hour trading volume has risen by 11%, reaching $12 billion. According to data provided by the market intelligence platform Santiment, the number of BTC whale transactions, consisting of at least $100,000 worth of Bitcoin, surged by almost 110% since Sep. 3 — currently sitting at 9,004 unique transactions.

Moreover, the number of Bitcoin daily active addresses has reached 1 million, registering an 18% hike in the past seven days. The upward momentum comes while BTC’s market cap stands at $501.6 billion at the time of writing.

On the other hand, the Bitcoin supply on exchanges witnessed a sudden surge after consistently dropping since Aug. 31. Per Santiment, there are currently 1.16 million coins on all platforms.

Address

983 Dejon Common East Paytonfurt
Sheffield
WV56977

Telephone

+447542182067

Website

Alerts

Be the first to know and let us send you an email when Markets and Trade posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share