Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Cryptocurrency Exchange News
Cryptocurrency exchanges are an integral part of how people and institutions access Bitcoin (BTC) and other digital assets, yet these services didn’t arrive until over a year after Bitcoin’s launch.
In the early days, the predominant means of acquiring Bitcoin was by either mining or direct, peer-to-peer exchange. When the first crypto exchange, BitcoinMarket.com, launched in spring 2010, people could finally access the burgeoning cryptocurrency industry without technically demanding mining, risky P2P deals or the critical responsibility of key management.
Cryptocurrency exchanges can be incredibly lucrative, daunting, risky enterprises, as they navigate a rapidly maturing industry, shifting regulatory frameworks and adversaries looking for any vulnerability.
Nevertheless, exchange platforms will continue to be critical to the industry, as they provide the primary bridges between the world of fiat and the world of crypto.
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Despite legal action against KuCoin’s founders and a drastic uptick in withdrawals from the exchange, CryptoQuant CEO Ki Young Ju claims there’s no reason to be overly concerned.
6138The crypto exchange is the seventh largest by 24-hour trading volume.
12352Scammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different transactions.
2695Andy Main, Bakkt’s incoming president, said the company’s strengthened balance sheet erases previous doubts about its ability to continue.
2563Bitcoin futures and options indicate growing strength at BTC’s $70,000
11608Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
4878Bitcoin price hits $70,000 as GBTC outflows taper and the other spot BTC ETFs heat up again.
3093Bitcoin supply on cryptocurrency exchange Coinbase has reached a nine-year low as BTC accumulation resumes to push price back above $70,000.
15618The Securities and Futures Commission of Hong Kong issued a warning against HKCEXP, which it claims lured investors by falsely claiming to be an “SFC-registered business.”
2486The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.
11137Ray Youssef remains optimistic about Nigeria’s chance of maintaining its position in the crypto ecosystem despite recent regulation challenges.
9472The European Union's new Anti-Money Laundering laws limit cash and some crypto transactions but proposed noncustodial wallet limits didn't make the final cut.
68715Bitcoin remains in demand among Argentines as the peso continues to lose value against the U.S. dollar, dropping from $0.0049/peso in March 2023 to $0.0012/peso.
9359Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations.
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