Crypto Market

Chinese Crypto Exchange BitZ Announces Closure as Crackdown Continues

Source Node: https://beincrypto.com/4-year-old-chinese-crypto-exchange-announces-closure/
Time Stamp: October 8, 2021 2:09 PM - Modified On: October 8, 2021 - Published By:
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Amidst another major crypto clampdown in China, the 4-year old Chinese exchange BitZ shutters its operations. Sponsored Sponsored The cryptocurrency exchange BitZ announced its closure after four years of operating one of the most popular online exchanges. It stated “policy and regulatory requirements” as the reasons behind its latest development.  While the actual closure date is set for October 21, 2021, the exchange said it suspended new user registration and KYC earlier. Those operations stopped on Mainland China back on September 26, 2021. However, only a few days prior the exchange

Ripple’s Use Case Stand Out While Others Remain Speculative

Source Node: https://coinquora.com/ripples-use-case-stand-out-while-others-remain-speculative/
Time Stamp: September 27, 2021 4:48 AM - Modified On: September 27, 2021 - Published By:
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Regulation News Ripple and SEC legal talks continue. XRP provides great cross border payments. The Securities and Exchange Commission (SEC) and Ripple (XRP) legal talks in the US continue to heat up. As a result, these issues have become one of the most talked-about topics in the crypto world. Recently, the CEO of Ripple, Brad Garlinghouse, insisted that the SEC has provided no clarity in crypto regulation and has lost sight of its mission to protect investors. Despite this ongoing heated debate between SEC and Ripple, XRP continues to provide

Cardano ($ADA) Announces New Stablecoin Issuer, Hoskinson Calls it Game-Changer

Source Node: https://coingape.com/cardano-ada-announces-new-stablecoin-issuer-hoskinson-calls-it-game-changer/
Time Stamp: September 27, 2021 2:15 AM - Modified On: September 27, 2021 - Published By:
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Cardano ($ADA) blockchain is fast moving towards building its own decentralized ecosystem after the successful integration of smart contracts via Alonzo hardfork. During the ongoing Cardano Summit 2021, founder Charles Hoskinson announced COTI would be the official stablecoin issuer on the Cardano blockchain that would issue Djed stablecoins. At the #CardanoSummit2021 stage in Laramie, Wyoming @IOHK_Charles & @shahafbg announced that @COTInetwork would be the official issuer of #Djed, a new stablecoin for #Cardano https://t.co/ifm9S6WAz6 — Input Output (@InputOutputHK) September 26, 2021 advertisement Hoskinson believes the new kind of Djed stablecoins

Ethereum, Uniswap Price Analysis: September 27, 2021

Source Node: https://coingape.com/ethereum-uniswap-price-analysis-september-25-2021/
Time Stamp: September 27, 2021 1:10 AM - Modified On: September 27, 2021 - Published By:
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By John Isige Published 8 hours ago Updated 6 hours ago Ethereum leads altcoins into recovery after rebounding from last week’s crash to the 100-day SMA. Uniswap gains 35% in 24 hours, testing the $25 hurdle after leaving support at $17.5 in the rearview. The crypto market is making a comeback in the green with a bang as the week takes off. Trading over the week mainly favored the bulls after they defended crucial support levels last Friday. Volatility shot up following news that China has revolutionized crackdown on crypto

Bitcoin (BTC) Whales Care A Little About China’s Crypto Ban, Accumulation Increases

Source Node: https://coingape.com/bitcoin-btc-whales-care-a-little-about-chinas-crypto-ban-accumulation-increases/
Time Stamp: September 27, 2021 12:19 AM - Modified On: September 27, 2021 - Published By:
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Last Friday, September 24, China intensified its crackdown on crypto making all crypto-related transactions illegal in the country. The investors’ reaction was obvious as the crypto market plunged immediately following the news. advertisement But it seems like Bitcoin whales care a little about the recent China ban. As of press time, Bitcoin (BTC) is trading 4.5% up at a price of $44.030 and a market cap of $827 billion. It means strong whale purchases have recovered almost 80% of the last market dip. Citing data from Santiment, crypto analyst Lark

Fake News Moves Market | This Week in Crypto – Sep 20, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-sep-20-2021/
Time Stamp: September 20, 2021 1:00 AM - Modified On: September 20, 2021 - Published By:
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 Fake Walmart news crashes the crypto market, Revolut pays for office space in Bitcoin and a statue for Satoshi. These stories and more this week in crypto. A press release claimed early this week that Walmart had partnered with popular altcoin Litecoin. The news was widely celebrated by crypto fans, and the price of Litecoin along with the rest of the crypto market surged heavily in minutes. However, within an hour, both Walmart and the Litecoin Foundation denied any relationship, that news quickly crashing the market. The cryptocurrency-infused financial

The correlation between Bitcoin and S&P 500 has these implications

Source Node: https://ambcrypto.com/the-correlation-between-bitcoin-and-the-sp-500-has-these-implications/
Time Stamp: September 15, 2021 10:30 PM - Modified On: September 15, 2021 - Published By:
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The on-going corrections being witnessed in the U.S. stock market has managed to fuel in fear amongst people from the crypto space too. Even though they represent completely different spectrums of the financial landscape, both the markets have historically, maintained an on-and-off relationship. Source: TradingView Altering dynamics Interestingly, both markets have witnessed major bull and bear phases in synchronization. Earlier in March this year it was proved that the crypto space is not immune from big crashes witnessed in the traditional financial world. Right after that in April, it was

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Source Node: https://beincrypto.com/head-of-australian-crypto-exchange-says-regulations-are-beneficial/
Time Stamp: September 15, 2021 6:45 PM - Modified On: September 15, 2021 - Published By:
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The head of the popular Australian cryptocurrency exchange BTC Markets says crypto regulations provide benefits to the industry. Sponsored Sponsored In the global race for cryptocurrency adoption, regulations, and innovation Australia seeks its own piece of the action. According to the CEO of the country’s largest crypto exchange the country could get left behind without proper action.  Caroline Bowler is CEO of the exchange BTC Market. In an interview with Bloomberg she said it would be a “real shame for Australia if we don’t take this bull by the horns.”Sponsored Sponsored

Crypto Derivatives ‘Somewhat Misunderstood,’ Says FTX CEO

Source Node: https://beincrypto.com/crypto-derivatives-somewhat-misunderstood-says-ftx-ceo/
Time Stamp: August 31, 2021 9:45 AM - Modified On: August 31, 2021 - Published By:
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Crypto exchange FTX CEO Sam Bankman-Fried believes that crypto derivatives are a “somewhat misunderstood area.”Sponsored Sponsored “People will note that derivatives trade more volume in crypto than spot, which is true,” the 20-year-old crypto billionaire said. “But that is true of every asset class in the world.” Bankman-Fried explained that derivatives make markets more efficient. This is because they provide further liquidity, while providing exposure to investors who don’t necessarily want to own the assets. He admitted that derivatives like crypto futures can sometimes facilitate leveraged positions that lead to

Cardano Enters ‘Final, Critical Stage’ Prior to Alonzo Upgrade Next Month: IOHK

Source Node: https://dailyhodl.com/2021/08/28/cardano-enters-final-critical-stage-prior-to-alonzo-upgrade-next-month-iohk/
Time Stamp: August 28, 2021 6:05 PM - Modified On: August 28, 2021 - Published By:
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Cardano has entered the “final, critical stage” prior to the platform’s much-publicized Alonzo upgrade, according to blockchain research and engineering company Input Output Hong Kong (IOHK). IOHK has submitted an upgrade proposal to the Cardano testnet to “hardfork the chain into the Alonzo era,” according to a Twitter post from the company. ADVERTISEMENT   The Cardano (ADA) developer says it is still targeting September 12th for the upgrade, which aims to bring smart contract functionality to the blockchain via a “hard fork combinator (HFC) event.” IOHK says the development is

Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally

Source Node: https://www.newsbtc.com/news/ethereum/ethereum-issue-drops-below-bitcoin/
Time Stamp: August 28, 2021 2:00 PM - Modified On: August 28, 2021 - Published By:
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Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on the 24-hour chart. Source: ETHUSD Tradingview After the implementation of EIP-1559, Ethereum’s native token became a deflationary asset due to the change in its fee mechanism. To validate transactions on the network a portion of ETH is “burn”, meaning