cryptocurrency exchange
VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing
Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens. Top gainers in the collectible and NFT sector. Source: CoinMarketCap Data from Cointelegraph Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE). Voxie Tactics launches its marketplace VOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing game that combines the classic look of the popular tactical games of the 1990s and 2000s with modern game mechanics. Data from TradingView shows that after hitting a low of $0.90 on Feb. ...
Crypto community condemns Canada for freezing dissidents’ Bitcoin wallets
Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with “Freedom Convoy,” a series of ongoing protests against COVID-19 vaccine mandates and restrictions. According to a report by the Toronto Star, the amount of funds frozen so far in bank accounts and digital wallets with Bitcoin (BTC) and other assets is estimated at more than $1 million. “The names of both individuals and entities as well as crypto wallets have been shared by the RCMP with financial institutions and accounts have been frozen and more accounts will be frozen,” Deputy Pri...
Binance stopped ‘all activities focused on Israel’ following regulatory request: Report
Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing. According to a Thursday report from Israel-based news outlet Globes, the Capital Market, Insurance and Savings Authority requested Binance provide information on the services it was providing to Israelis as well as any licenses under which it operates. The regulator, responsible for handling licenses for crypto firms, reportedly never received an application from Binance allowing the exchange to do business in Israel. “Following the intervention of the capital market, Binance has at this stage stopped marketing to Israelis and all activities focused on Israel until we examine the issue of licensing,” said the Capit...
Here’s why the SEC keeps rejecting spot Bitcoin ETF applications
It is not the first time the U.S. Securities and Exchange Commission (SEC) rejected proposals for a Bitcoin spot exchange traded product (ETP), but efforts continue to be made by different financial institutions. The recent attempt made by Cboe BZX Exchange on Jan. 25 to list the Fidelity Wise Origin Bitcoin Trust as a Bitcoin ETP has also failed. The SEC letter published on Feb. 8 pointed out that the exchange has not met its burden to demonstrate the fund is “designed to prevent fraudulent and manipulative acts” and “to protect investors and the public interest”. Although proposals of Bitcoin spot ETPs have never been approved by the SEC and such products are not available in the U.S. market, they do exist in the European market. By investigating the prices of these ETPs traded in ...
Super Bowl 2022: Here’s the scoreboard of crypto ads
Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship, and for businesses, it’s a fair sign of making it in the real world. This year, however, marked a new milestone for the crypto community as FTX, eToro, Crypto.com and Coinbase debuted crypto ads during Super Bowl 2022. With rising demand in crypto — recently fueled by nonfungible tokens, meme tokens and the metaverse — Super Bowl crypto ads stole the limelight from traditional businesses on social media platforms such as Twitter. Let’s gauge the advertisements and echo the feelings expressed by the community. Coinbase Super Bowl 2022 commercial Coinbase is one of the most popular crypto exchanges in the United States, often taking the No. 1 spot for being the most downloaded...
DeFi flashes early revival signs as retail and institutional inflows trickle in
Decentralized finance (DeFi) has had a rough go so far in 2022, and data from Messari shows the top ten-ranked DeFi assets currently down between 10% to 50% since the start of the year. Top ten DeFi tokens by market capitalization. Source: Messari A positive is, the situation may change soon as funds have began to flow back into the DeFi ecosystem following a month of declines as data shows institutional and retail funds returning to crypto markets. Data from Defi Llama shows that the total value locked in all of DeFi platforms has climbed to $211.1 billion on Feb. 11, up from a low of $185.14 billion on Jan. 31 Total value locked in DeFi. Source: Defi Llama A closer look at the individual protocols that contribute to the total TVL shows that the biggest drawdowns in TVL over the past 30 d...
DeFi flashes early revival signs as retail and institutional inflows trickle in
Decentralized finance (DeFi) has had a rough go so far in 2022, and data from Messari shows the top ten-ranked DeFi assets currently down between 10% to 50% since the start of the year. Top ten DeFi tokens by market capitalization. Source: Messari A positive is, the situation may change soon as funds have began to flow back into the DeFi ecosystem following a month of declines as data shows institutional and retail funds returning to crypto markets. Data from Defi Llama shows that the total value locked in all of DeFi platforms has climbed to $211.1 billion on Feb. 11, up from a low of $185.14 billion on Jan. 31 Total value locked in DeFi. Source: Defi Llama A closer look at the individual protocols that contribute to the total TVL shows that the biggest drawdowns in TVL over the past 30 d...
Alchemy Pay gains 77% after exchange listings and cross-chain integrations
The cryptocurrency ecosystem has come a long way since the launch of Bitcoin (BTC) and in the last few years smart contracts have revolutionized the industry. With that said, there is still plenty of progress to be made when it comes to integrating blockchain technology to peer-to-peer, business to business and business to consumer payment systems. Alchemy Pay aims to further the adoption of cryptocurrencies through its hybrid payments system and in the last week its ACH token gained 77% to trade at $0.0625 on Feb. 9. ACH/USDT 4-hour chart. Source: TradingView Three reasons for the uptick in ACH price include the cross-chain launch of ACH on the Binance Smart Chain (BSC), multiple new exchange listings that have helped expand access to the token and the integration of Alchemy Pay wit...
Bitcoin dated futures with physical settlement go live on Eqonex
The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement. Announcing the news on Wednesday, Eqonex explained that its BTC dated futures are denominated in the USD Coin (USDC) stablecoin and increase in parallel with the BTC price increase against USDC. In contrast to perpetual futures, which have no maturity limit, dated futures expire at a pre-set date and time frame like each month or each quarter, Eqonex noted. “Any position in a perpetual future stays open until the trader decides to close the trade by executing an offsetting trade, or until the trade gets liquidated by Eqonex,” the firm added. According to the announcement, the Eqonex BTC dated futures contrac...
RNDR, NFTX and YGG bounce higher as the market rewards projects focused on utility
Everyone might be a genius during a bull market, but the real stars begin to shine when the waters get choppy. The same can be said for crypto projects and developers and once the pump is over, it’s easier for investors to separate the pump and dump projects from those with good fundamentals. Sometimes a bull market, sometimes a bear market, always a builder’s market. — a a ron (@aaroneth_) February 2, 2022 Now that Bitcoin (BTC) price has found its place back in the $42,000 to $45,000 zone, the mood across the crypto ecosystem has once again flipped bullish and projects that have continued to release new updates are being rewarded with significant jumps in price. Here’s a look at three projects that have continued to develop and draw investors despite the recent market weakness. Ren...
Bybit partners with Cabital to offer EUR and GBP fiat onramps
On Tuesday, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for the euro (EUR )and British pound sterling (GBP) on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital’s fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to the release, Cabital’s fiat-to-crypto on- and off-ramp service allows Bybit customers to purchase cryptocurrencies at reduced gas costs without having to leave the platform. Bybit is Cabital’s first partner to use its fiat on- and off-ramp infrastructure for cryptocurrency exchanges. Ben Zhou, co-founder and CEO of Bybit, explained that Cabital’s goals...
Major crypto firms and groups form coalition aimed at promoting ‘market integrity’
Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation. In a Monday announcement, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase, BitMEX, and CrossTower said they would be launching the Crypto Market Integrity Coalition, or CMIC, asking all other companies involved in the crypto space to follow their example. According to the CMIC, members must pledge to encourage “a fair digital asset marketplace to combat market abuse and manipulation and promote public and regulatory confidence” in crypto. The group’s 17 founding members includes U.S.-based crypto advocacy group Chamber of Digital Commerce, United Kingdom-based self-regulatory trade association Crypto...
