New data shows that Binance is performing comparatively much better than FTX. Trading volume increased last quarter as BNB price continued to fall. Binance (BNB) has gone through one of the most tumultuous periods of 2023 due to factors including lawsuits and regulatory investigations. However, despite the volatility, new data shows that Binance is performing relatively well. Smooth sailing for Binance? According to data from Capriole Funds derived from AMBCrypto, examining 7-day deposit withdrawals on Binance, we observe a more stable trend, with small declines indicative of routine customer deposits and withdrawals. Unlike FTX, Binance did not present the same…
Author: Crypto Flexs
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Current market overview:Current price: According to CMC (at the time of writing), the current price of Bitcoin (BTC) is $43,963.97, showing a notable increase of 2.58% over the past day.Market capitalization: Accordingly, the market capitalization increased by 2.57% to $861.35 billion.24-hour trading volume: Trading volume decreased significantly by 26.23% and now stands at $34.73 billion.Volume/Market Capitalization Ratio: The trading volume to market capitalization ratio is 4.04%, indicating a moderate level of trading activity relative to the market size.Best ever: Bitcoin’s all-time high, recorded on November 10, 2021, is $68,789.63.BTCUSD chartHistorical data analysis (last 10 days):Volatility Start of the Year: Bitcoin…
Prominent figures in the cryptocurrency industry have expressed optimism about increasing cryptocurrency adoption and the maturation of the cryptocurrency market. US Approval of Spot Bitcoin ETFAnalysts have warned of potential risks associated with Bitcoin price volatility.Anthony Scaramucci, former White House communications director and now founding and managing partner of SkyBridge Capital, said in a statement shared with The Block that the approval of a spot Bitcoin ETF signals recognition of Bitcoin as a “legitimate asset.”“We believe this approval will pave the way for greater mainstream education and acceptance of the benefits and utility of blockchain-based assets and infrastructure,” Scaramucci added.Securities…
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1inch DAO’s decision to secure legal advisory services from STORM Partners marks an important milestone for the decentralized autonomous organization (DAO). This move demonstrates the organization’s proactive approach to addressing the complex legal environment and regulatory scrutiny facing the cryptocurrency and decentralized finance (DeFi) sectors. The 1inch community’s overwhelming support for STORM partner onboarding reflects the DAO’s commitment to protecting its members and addressing compliance and governance issues. Professional legal counsel will help ensure that the DAO operates within the bounds of applicable laws and regulations in the United States and globally. This decision is especially noteworthy considering the recent…
QuarkCoin is a P2P cryptocurrency that was launched in 2013. It claims to be the most secure cryptocurrency with advanced encryption algorithms and decentralized characteristics. With cryptocurrency investments on the rise in recent years, many investors are looking to QuarkCoin as a potential investment opportunity in 2021. Why QuarkCoin? There are several reasons why QuarkCoin is attracting attention as a potential investment in 2021. security: QuarkCoin prides itself on its advanced encryption algorithms designed to provide maximum security to its users. This makes it an attractive option for those concerned about the safety of their investments. Dispersion: QuarkCoin operates on…
The term “ultra-currency” has been thrown around quite a bit in the Ethereum (ETH) community, often describing the network’s potential to become a deflationary asset with better tokenomics than Bitcoin (BTC). Some supporters believe the story is well-founded, while others argue it is exaggerated and based on overly optimistic assumptions. Is the Ethereum “ultrasonic currency” narrative overblown? In a post posted on X by developer antiprosynesis.eth, Challenge The “ultrasonic currency” story, which they claim is often accompanied by jargon that can obscure the reality of Ethereum’s monetary policy. In particular, the analyst believes the narrative is a bit “excessive” and…
In a groundbreaking move, payment processor PayPal has incentivized PYUSD liquidity on Curve Finance, the world’s largest stablecoin decentralized exchange (DEX) by trading volume. PayPal Encourages PYUSD Liquidity Through Curves This development of staking the DAO first capture On January 10, it sent shockwaves through the cryptocurrency community, with many experts predicting that Curve would establish itself as a platform for institutional and corporate trading of on-chain stablecoins. PayPal Incentivizes Liquidity with Curve | Source: Stake DAO PayPal’s decision to incentivize PYUSD liquidity on Curve is an important step forward in promoting the adoption of stablecoins and decentralized finance (DeFi)…
Singapore’s financial regulatory environment has increased scrutiny of cryptocurrency-related businesses, as evidenced by a recent decision by the Monetary Authority of Singapore (MAS). blacklist ImToken, a non-custodial cryptocurrency wallet provider. The move highlights Singapore’s proactive stance in regulating the burgeoning cryptocurrency sector to protect investors and maintain financial system stability. Founded in 2016 and originally headquartered in Hangzhou, China, ImToken operates a self-managed wallet before moving its headquarters to Singapore. We provide decentralized wallet services globally, including Singapore, and are different from centralized management services. Despite its global operations, ImToken has not obtained a financial business license in Singapore, resulting…
Nolimit City’s first release of 2024 is here. It’s really hot! Word on the street is that they’ve stepped up the pace this year, making the slots world more chaotic than ever. And if the Devil’s Crossroad slot is anything to go by, they’re not messing around. In this game of redemption where the devil deals the cards, you’ll sell your soul for fame, a fortune of $316,320, and access to all-new features! Would you make a deal with the devil for extreme victory? How bad can it be? The only people you have to fight against are the four-eyed…