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” Trading on major exchanges spiked following collapse of Terra, FTX: BIS report “ A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a Feb. 20 bulletin on “crypto shocks and retail losses,”…
” Cryptocurrency miners are leading the next stage of AI “ As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence. Training a model like ChatGPT costs more than $5 million, and running…
” Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL “ Bitcoin (BTC) rose more than 11% last week and is trading near the pivotal resistance at $25,000. Monitoring resource Material Indicators highlighted in its latest update that large volume traders were “thinning” overhead resistance, which could spark a rally. As…
” Crypto exchange FTX Japan to resume withdrawals on Feb. 21 “ According to a press release on Feb. 20, FTX Japan, the Japanese subsidiary of troubled cryptocurrency exchange FTX, announced that the withdrawal of users’ fiat currency and crypto assets would commence via the Liquid Japan web platform at 12:00 p.m. on Feb. 21. …
” Crypto transaction success rate hinges on user location: Report “ The crypto community is continually looking for ways to bridge the gap between traditional finance (TradFi) and fiat currencies with decentralized financial (DeFi) tools. Crypto onramp platforms are a primary way users are able to cross between these two financial ecosystems. However, a new…
” Here’s why crypto companies need to focus on embedded finance “ A new study by Decta highlighted the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some of the key drivers for a seamless experience for customers. Embedded finance is a new…
” Hong Kong outlines upcoming crypto licensing regime “ Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023. A key consideration of the public consultation window is whether to allow licensed exchanges to serve retail investors in…
” South Korea’s Kimchi premium turns to discount “ South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher…
” Crypto’s next bull run will come from the East: Gemini co-founder “ Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor, and co-founder of crypto exchange Gemini. His comments have come amid an increase in enforcement action and looming crackdowns from United States regulators, including the Securities and…
” What is the network effect? “ The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user. The network effect is a…