Price Analysis
Bitcoin is sustaining above its immediate support, but several altcoins are showing signs of profit-booking.
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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.
- News
"Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck.
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The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.
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Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005.
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Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country.
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South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down.
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More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year, and the price went vertical last time.
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The ruling party is planning to attempt a postponement of the crypto tax laws, but the Finance Minister is not for turning.
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Traders are long on Ether, but derivatives data suggests that a $4,000 price tag is a long shot in the short term.
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As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.
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Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building.
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The jump in UNI/USD rates has quickly met with sellers at local top levels.
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Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors.
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“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi.
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An expanding ecosystem and the full launch of Elrond’s DeFi capabilities back EGLD’s rally above $300.
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