Tag Archives: Exchange

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

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, 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.

MARKETS NEWS

Robinhood will be able to send users crypto gifts to each other

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Robinhood brings new features for its users to gift each other crypto. It will activate the gift feature on December 22.

The gift will only be valid for seven cryptocurrencies. Sending cryptocurrencies will be worth $1. There will be no commission when sending gifts. When you send the gift, the recipient must accept it within 14 days.

Christine Brown, Chief Operating Officer, Robinhood Crypto, said: “Gifting crypto is a great way for our customers to help their friends and family remove the emotional and economic barriers to taking their first steps into crypto. It’s also an easy and instant gift for those who are already crypto fans.”

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.

CARDANO NEWS

Ravendex, the First Decentralized Exchange Built on the Cardano Blockchain

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The FIRST Non-custodial Decentralized Exchange Built by Ravendex on the Cardano Blockchain. decentralized exchanges facilitate trade between individuals through smart contracts. Similar exchanges exist in different blockchains.

There are several successful DEXs, including PancakeSwap on Binance Smart Chain, Curve on Ethereum, and Uniswap. RavenDex is another unique platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

Ravendex is a platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

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.