Crypto exchange Backpack, founded by former FTX executives, has recently announced its expansion into 11 US states, including California, Colorado, Indiana, Missouri, and Wyoming. This move comes at a time when global crypto regulations are tightening, leading companies to seek new opportunities and markets. CEO Armani Ferrante has expressed the company’s commitment to establishing a
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Bitcoin is currently experiencing a retracement after rising to as high as $53,000 on February 20. This recent dip has, however, not deterred Bitcoin whales, with these investors rather seeing it as an opportunity to accumulate more of the flagship crypto token. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto
There has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets since mid-March 2020, indicating a shift in investor behavior. Initially, over 17% of Bitcoin’s total supply was held on exchanges, reaching a record high at that time. However, this trend of declining exchange balances has persisted, even during Bitcoin’s 2021
In a recent development in Incheon, South Korea, police have confirmed the arrest of six suspected over-the-counter (OTC) crypto scammers on February 20. The suspects, all aged between 20 and 39, are accused of stealing approximately $747,000 in cash through a fake OTC trade. The incident took place in the Songnim District of Eastern Incheon
The Ethereum price has experienced a significant increase, surpassing the $3,000 resistance level. This upward trend is a positive sign for Ethereum investors, suggesting that the price may continue to rise towards the $3,120 mark. The price of Ethereum has not only crossed the $3,000 threshold but is also trading above this level, along with
Tron price has been gaining momentum above the key resistance level of $0.120 against the US Dollar. The latest surge in price has outperformed Bitcoin, indicating a bullish trend for TRX. The digital currency is currently trading above $0.1350 and the 100 simple moving average for the 4-hour chart, suggesting a positive outlook for TRX.
Bitcoin price has recently spiked toward the $53,200 resistance level. Despite this upward movement, BTC is currently struggling to break above the $52,500 resistance zone. The price is also trading below $52,400 and the 100 hourly Simple Moving Average, indicating a potential bearish trend in the short term. Looking at the hourly chart of the
Coinbase’s non-US exchange recently achieved a significant milestone by surpassing $1 billion in daily trading volume on February 20th. This achievement was highlighted by Coinbase International Exchange, which reported that its perpetual futures exceeded the $1 billion mark in notional contract volume traded. This success was acknowledged by Coinbase CEO Brian Armstrong, who emphasized that
The Hong Kong Monetary Authority (HKMA) recently released a set of comprehensive regulatory standards regarding the sale and distribution of tokenized financial products by authorized institutions. The main goal of this initiative is to encourage innovation in the field of tokenization while ensuring that consumers are adequately protected. The guidelines provided by the HKMA specify
Wall Street Memes has recently implemented a major new burn mechanism that is set to revolutionize the dynamics of the $WSM token. With 5% of the total $WSM supply headed for the furnace, this move marks the beginning of an exciting deflationary force within the project. Developers at Wall Street Memes initially planned for a