Category Archives: EXCHANGE

EXCHANGE

Binance Announcement, Binance Pool ETHW mining will be possible

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Announced support for the new ETHW token on Binance Pool. Binance Exchange is a big move to support ETHW. The tweet on EHW’s official account also announced the news. Miners can now mine ETHW through Binance pool. But the continuation of the article is important because ETHW is not listed on Binance at the moment.

Important information:
He added ETHW to Binance Pool and made a statement on the subject. On the Binance Pool Platform, it does not list ETHW. Currently, the exchange only supports ETHW mining on Binance Pool. It does not support ETHW deposits either. Users who manage to mine ETHW on Binance can only convert their earnings to BUSD or USDT. For this reason, you do not have a chance to save what you have mined as ETHW on Binance.

But we are sure that the miners will be very happy if Binance makes a new announcement and announces that it has listed ETHW in the future.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

BitMEX Co-Founder Arthur Hayes market comments

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BitMEX co-founder Arthur Hayes said in his blog post that Bitcoin bulls should be “concerned” about the $17,500 price level for BTC, which seems to be the bottom in the current bear market.
“While watching the volatility and movements of the US dollar liquidity index, it seems that the price level of Bitcoin, which should be worried about for a long time, is at $ 17,500. The most likely course of action is to retest this bottom level. Whether the price will stay above this support is entirely in the US dollar. It will depend on the course of the liquidity index.”

Evaluating Ethereum (ETH), Hayes claimed that the second largest cryptocurrency by market capitalization will likely outperform Bitcoin. The cryptocurrency investor also said that it is unlikely that Ethereum will reach at least $10,000 as he predicted at the beginning of the year if monetary tightening continues in the US: “ I am confident that the structural reduction in the supply of ETH will certainly result in a better performance against Bitcoin, but I don’t think ETH will reach a five-digit price by the end of the year if the Fed and the US Treasury continue their plans to reduce the liquidity of the US dollar.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Binance Global Advisory Board Established. Is the regulation preparing?

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Binance has started to innovate on the regulation and compliance process. Binance announced the establishment of the Global Advisory Board (GAB). The goal of the Global Advisory Board is to cooperate with regulatory bodies. GAB consists of distinguished experts in corporate governance, finance, economics and public policy.

The creation of the institution can be interpreted as a major step forward in Binance’s efforts to support the sustainable development of blockchain technology. The Global Advisory Board is chaired by former US Senator and Chinese Ambassador Max Baucus.

The institution met recently in France. Expressing his pleasure to be a part of GAB, Baucus said: ” Technologies that will add a new dimension to the global economy include cryptocurrencies, blockchain and Web3. These technologies are at the forefront of the most exciting and promising developments. It is a great honor for me to contribute to the establishment of the Binance Global Advisory Board. Our goal is to resolve the complex issues we face within the law and offer new recommendations.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Samsung may open a cryptocurrency exchange

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After the Terra crisis this year, South Korea took drastic measures. Along with Samsung Securities, which will comply with these measures, 7 major brokerage houses have applied for a pre-license to open their own cryptocurrency exchanges.

In the news written by the NewsPim newspaper, 7 securities companies, one of the largest companies in South Korea, applied for a pre-license to open a cryptocurrency exchange in the first half of 2023. Only 2 company names were announced. Samsung Securities and Mirae Asset.

Mirae, South Korea’s largest investment bank with a market capitalization of $648 billion, plans to operate the exchange through a subsidiary it will establish under its advisory arm, Mirae Consulting. The company also aims to employ technical staff for the research and development of Bitcoin and other blockchain-based platforms.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Investors withdraw their Bitcoins from exchanges

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Analyzing the data, it seems that after the collapse of crypto lending companies, investors began to slowly withdraw their Bitcoins from crypto exchanges. In its article, Glassnode Analysis firm stated that Bitcoin balance on exchanges has reached the lowest level in four years.

According to the post on Arcane Research’s Twitter account, Bitcoin investors have started to withdraw their assets from cryptocurrency exchanges at full speed. Arcane Research group shared information about the negative situation they have noticed since the beginning of the year. He stated that Bitcoin investors have withdrawn their Bitcoins from exchanges in an unprecedented way following the liquidity crisis at crypto lending companies such as Celsius, Babel Finance earlier this summer.

 Arcane Research

119 thousand Bitcoins were withdrawn from exchanges in June and 96 thousand in July. In August, 65,000 Bitcoins have been withdrawn from cryptocurrency exchanges so far. Prior to this summer, the largest amount of Bitcoin withdrawn from exchanges totaled 71,000 BTC.

Source: uzmancoin.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Could it be a Coinbase stock market crash?

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For a few months now, we’ve heard news of crashes and bankruptcies in the crypto market. In addition, the events in the bear market negatively affected the companies. Many mining companies, stock exchange companies are going through hard times. During this time, some experts began to talk about the collapse of the American-based Coinbase company.

Business Insider reports that Coinbase has temporarily closed its affiliate marketing program in the US. According to an email to the three creators, the crypto exchange will suspend its program from July 19, citing current market conditions and the unfavorable outlook for the crypto industry.

America-based crypto exchange company Coinbase has suspended its affiliate programs, citing market conditions. Coinbase’s share prices have dropped nearly 85% from the all-time high of $357 to the current $53.79. In a letter to shareholders, the company reported that its first fiscal quarter results were directly affected by market volatility. They reported a financial loss of $430 million in the first quarter of 2022.

Coinbase CEO explained: Ben Armstrong, a major crypto influencer and creator of Bitboy Crypto, warned his followers that Coinbase could be in bankruptcy in recent history. Mike Dudas, co-founder of 6th Man Ventures, described the crypto exchange’s NFT platform as a failed launch.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE, MARKETS NEWS

Huobi Tech new investment Establishes Huobi Tech Capital

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Huobi Tech continues to invest and develop its infrastructure with the newly established Huobi Tech Capital. Metaverse, which has attracted a lot of attention recently, announced that it has established Huobi Technology Capital for Defi and Web 3.

Huobi Tech, which wants to seize new opportunities in the GameFi field, established Huobi Tech Capital to capture new opportunities in Web 3.0, DeFi and Metaverse and make strategic acquisitions to strengthen its own blockchain.

Huobi Tech, which has attracted attention with its strong investments in the GameFi field, has also made its new investment in order to better adapt to blockchain innovations. With its new company, Huobi Tech plans to make it possible to purchase start-up companies operating in these fields beforehand.

source: asiaone.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.