The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. This uptake is driven by persistent and robust undercurrent demand. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on…
The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could…
Leading American crypto exchange Coinbase has revealed its plans to regularly reveal which digital assets are currently “under consideration” for listing on its platform ahead of time, according to a blog post published on April 12. “Starting immediately and as part of an effort to increase transparency by providing as much information symmetry as possible,…
Market data aggregator CryptoCompare has named Coinbase the most transparent and accountable crypto exchange in the world, per the firm’s latest report that ranked 150 trading platforms. According to CryptoCompare’s researchers, the Brian Armstrong-led exchange is closely followed by crypto platforms such as Gemini, Binance, and Bitstamp. /1 Today, we are delighted to release our #ExchangeBenchmark…
Europe-based digital asset exchange Nexo has launched a new product to complement its existing retail platform. Dubbed Nexo Prime, the new proprietary prime brokerage platform targets institutional investors, corporations, and high-net-worth individuals. According to Nexo, the Nexo Prime platform is designed to serve as a unified platform that provides investors with access to advanced tools…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › A fractal is a repeating pattern often found all throughout nature. It is only fitting then that Covesting strategy manager Fractalz is working toward a repeating pattern: one where they dominate the Covesting leaderboards on PrimeXBT…
The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock”…
A pseudonymous user, known as “s27,” today lost roughly $570,000 worth of non-fungible tokens (NFTs) after exchanging his Bored Ape Yacht Club (BAYC) #1584 and two Mutant Ape Yacht Club (MAYC) tokens for fraudulent NFTs deceptively disguised as genuine. The exchange was first spotted by crypto enthusiast Quit thanks to his Discord server configured to…
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media reports from the country suggest that trading volumes on crypto exchanges have dropped by an average of 15% within the first three days of the month. Not only that, but…
Led by venture capital firm Lightspeed Venture Partners with major participation from Baillie Gifford & Co, wallet provider and exchange Blockchain.com raised new funding that values the company at about $14 billion, more than doubling its worth in a sign that cryptocurrency firms continue to attract capital and investments, regardless of the turbulent venture capital…