Bitcoin, the world’s leading cryptocurrency, experienced a significant price decline on September 11th, as observed from the daily chart. The price of BTC dropped to $24,951, hitting its lowest point since the second half of 2023, before slightly recovering to $25,135. This sudden drop occurred during the early trading hours of the New York session,
A recent report by crypto researcher Kaiko has shed light on the highly concentrated nature of crypto trading liquidity. The study reveals that nearly 90% of the trading volume is handled by just eight major exchanges in the market. Among the exchanges responsible for this overwhelming majority are Binance, Coinbase, OKX, and Huobi. Binance, in
After spending 16 years as a bond trader at Goldman Sachs, Kei Oda found himself delving into the world of cryptocurrencies out of sheer boredom. Although he initially didn’t understand or believe in Bitcoin, leaving his job in 2016 opened his eyes to the potential of the startup space. Coming from a trading background, Oda’s
The cryptocurrency market is buzzing with excitement as the Stellar Lumens (XLM) community eagerly awaits a significant announcement from the Stellar organisation tomorrow (September 12). Speculation has been running rampant ever since a cryptic tweet from Stellar teased the impending news. With just one day left until the announcement, XLM holders have been tirelessly searching
In an astonishing display of oversight, a Bitcoin user recently paid a mind-boggling 19 BTC (equivalent to $510,000) in transaction fees for transferring a mere 0.074 BTC, valued at less than $2,000, on September 10th. This incident has garnered attention within the cryptocurrency community due to the staggering discrepancy between the transaction amount and the
Coinbase, one of the largest cryptocurrency exchanges in the world, has recently announced an increase in interest rates for holding USDC (USD Coin) on its platform. Previously offering a 4% interest rate, Coinbase now provides a lucrative opportunity for users to earn up to 5% interest on their USDC holdings. This significant bump of 150%
G20 leaders have taken significant steps toward the establishment of a Crypto Asset Reporting Framework (CARF), as reported by The Times of India on September 9. Under this framework, member countries of the G20 would collaborate in collecting and sharing information regarding the use of cryptocurrencies and digital assets, with the aim of preventing tax
Binance Coin (BNB) has faced a significant setback recently, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, suggesting a potential trend reversal. The falling wedge pattern is characterized by declining peaks and troughs confined within two converging trend lines. It can
On September 7, global web3 technology leader OKX and fintech firm Circle Internet Financial made headlines with their announcement of USDC features on the OKX Wallet and the OKX DEX aggregator. This groundbreaking partnership aims to revolutionize the way USDC transactions are conducted by facilitating gasless transactions, eliminating network fees, and enabling cross-chain USDC swaps
The Render Token (RNDR) recently faced rejection as it attempted to break past the resistance zone. Despite surpassing its 20-day EMA, RNDR dropped and indicated the need for further consolidation before its next substantial move. However, there are still potential signs of upward momentum in the near future. In the midst of RNDR’s indecisiveness, Launchpad
