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“# Dogecoin withdrawals get complicated during parabolic price increase ” Global cryptocurrency exchanges are increasingly experiencing issues with Dogecoin (DOGE) withdrawals amid Redditors pumping the altcoin up to 900% in the past two days. On Jan. 28, a number of crypto users reported on Twitter that they were unable to withdraw their Dogecoin due to…
“# Stablecoin holdings on crypto exchanges hit a new all-time high ” Amid renewed bullish action on cryptocurrency markets, stablecoins like Tether (USDT) are flooding exchanges to hit a new historical high in terms of allocation. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges broke a new all-time high on Jan. 28,…
“# SushiSwap is eating into Uniswap’s market share following Yearn merger ” Following its merger into the Yearn ecosystem, SushiSwap has been making significant inroads into the market share of leading decentralized exchange Uniswap. On Jan. 29, Messari researcher Mira Christanto tweeted data illustrating that Uniswap’s share of the Automated Market Maker sector has declined…
“# DeFi sector growth pushes Reserve Rights, 0x and Kyber Network higher ” Bitcoin (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite this view, Minerd continues to believe that…
“# Coinbase unveils plans for direct stock listing ” Coinbase, one of the world’s largest digital currency exchanges, has been rumored for some time to be considering a direct listing. In an official blog post, the cryptocurrency exchange disclosed plans to pursue a direct listing of its Class A common stock, pursuant to a registration…
“# Binance survey finds that ‘hodlers’ still dominate crypto ” The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC)…
“# INX’s acquisition of security token platform OpenFinance almost complete ” Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete. According to an email sent to OpenFinance users, the parties are now just awaiting regulatory approval to complete the change in ownership. INX — which is…
“# 3 reasons why Uniswap (UNI) token hit a new all-time high above $15 ” Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020. In late 2020,…
“# Price analysis 1/27: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM ” Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for the recent Bitcoin rally. However, at the…
“# FTX lists GameStop after Reddit-fueled 200% rally in two days ” Crypto exchange FTX has listed GameStop, the global videogames retail chain, after the stock became by far the most popular choice on Reddit’s infamous Wall Street Bets, a community dedicated to trading stock market options. The FTX listing on Wednesday morning allows crypto…