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“# India’s largest crypto exchange launches NFT marketplace after 2,000% token surge ” India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times. The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX,…
“# Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K ” If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into…
“# Price analysis 4/5: BTC, ETH, BNB, DOT, ADA, XRP, UNI, LTC, LINK, THETA ” The total crypto market capitalization reached the important milestone of $2 trillion on April 5. As cryptocurrencies increase in value, they are likely to attract further investments from institutional investors because they can no longer afford to neglect it. Less…
“# Bitcoin miner firm Ebang launches Ebonex crypto exchange ” Ebang, a publicly-listed company providing mining hardware for cryptocurrencies like Bitcoin (BTC), has officially announced the launch of its own crypto exchange. According to an announcement on Monday, qualified investors will be soon able to register and trade on Ebang’s cryptocurrency exchange dubbed Ebonex. Ebang…
“# Users of top Indian crypto exchange report seeing ‘0’ funds during outage ” Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday. In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internal limits” set by one…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, DOT, EOS ” Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns. Danny Scott, the…
“# Implementing the double-edged sword of KYC is a must for crypto exchanges ” During 2017’s bull market, most crypto services lacked the proper Know Your Customer and Anti-Money Laundering measures. Even in 2020, 56% of the analyzed 800 cryptocurrency exchanges and over-the-counter trading desks followed weak KYC practices, according to a CipherTrace report. However,…
“# $161M Ethereum options expiry tilts toward bulls as ETH flips $2K to support ” With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559 proposal is set to be bundled with the impending London upgrade, and this will change…
“# Price analysis 4/2: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA ” According to a recent research note by JPMorgan, institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 billion. The bank said,…
“# DeFi TVL quietly climbs to record highs while the NFT boom subsides ” Hype cycles can work wonders for token prices and social media statistics, but they also bring increased pressure on developers to launch a functioning product that validates its rising market cap. As nonfungible tokens took center stage over the past six…