90% of crypto market’s liquidity controlled by just 8 players
A recent report has highlighted that approximately 90% of the cryptocurrency market’s liquidity is controlled by just eight centralized exchanges (CEX). These exchanges include Binance, Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex. This concentration of liquidity among a few entities raises concerns about the decentralization of the industry. The dominance of these exchanges becomes […]
153-year-old banking giant Deutsche Bank is offering secure storage for digital assets
Deutsche Bank, a 153-year-old banking giant with nearly $1.5 trillion in assets, has entered the world of cryptocurrency by offering custody services for its clients’ digital assets. The bank has partnered with Swiss crypto firm Taurus to provide these services and address tokenized assets in addition to cryptocurrencies. Paul Maley from Deutsche Bank emphasized the […]
Deutsche Bank Is Now Officially A Crypto Custodian
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ The Binance vs. SEC Legal Standoff Gets Hotter! 2️⃣ Behind Bars: Cryptoqueen’s Sidekick Gets a Taste of Justice 3️⃣ Deutsche Bank Embraces […]
12,000% returns ever since Cathie Wood’s made historic Bitcoin investment
Cathie Wood’s decision eight years ago to invest in Bitcoin through Ark Invest’s ETF has proven to be a major milestone. At the time, Bitcoin was trading between $200 and $300 per coin, and Wood saw the potential of the digital currency when it was still relatively unexplored by traditional investment vehicles like ETFs. Her […]
Bitcoin’s ETF expectations drive Wikipedia views to new heights
The anticipation of a Bitcoin spot exchange-traded fund (ETF) has sparked a surge of interest in the cryptocurrency. In recent filings to the US Securities and Exchange Commission (SEC), several asset managers have expressed optimism about the approval of a Bitcoin ETF. This has caught the attention of people who were previously unfamiliar with the […]
FTX’s $3.4 Billion crypto asset sale is going live: What it means for the industry and investors
FTX, a failed cryptocurrency exchange, has been granted permission by a Delaware bankruptcy court to sell its crypto assets amounting to $3.4 billion. The court approved the motion on Wednesday, allowing FTX to liquidate up to $100 million in cryptocurrencies every week. This limit may increase to $200 million with approval from two committees representing […]
Paxos confirms it’s fee blunder of $500K for $2K Bitcoin transfer
Payment platform Paxos has confirmed it was responsible for a mistaken Bitcoin transaction in which an account overpaid $500,000 in fees to move just $2,000 worth of Bitcoin. Speculation had initially arisen that PayPal was responsible for the transaction, but Paxos clarified that the error was its own. The mistake was due to a bug […]
Bitcoin surged to $26,500 followed by a downfall
On September 12, the price of Bitcoin (BTC) experienced a sudden surge to $26,500 from its previous level of $25,100. This spike was believed to be caused by the filing for permission to launch a Bitcoin spot ETF by Franklin Templeton, a digital assets management company holding $1.5 trillion. This news created a significant amount […]
Binance.US CEO’s departure ignites controversy: what lies ahead for the exchange?
Brian Shroder, the CEO of Binance.US, has reportedly left the cryptocurrency exchange, accompanied by the elimination of approximately 100 jobs. This downsizing, which accounts for about one-third of the workforce, is believed to be a response to increased regulatory scrutiny from the United States Securities and Exchange Commission (SEC). For the time being, Chief Legal […]
Over 80% of Bitcoin short-term holders in losses: Glassnode
According to on-chain data from Glassnode, 83.7% of the Bitcoin short-term holder supply is currently in an unrealized loss. Only 16.3% of the short-term holder supply is currently in profit. Glassnode’s “percent supply in profit” indicator looks at the percentage of the total circulating Bitcoin supply that has gained value based on the previous selling […]