Crypto Portal

2023-09-26 18:00:05 1xBit, the avant-garde crypto betting platform, is proud to introduce another enhancement - Algorand and also 5 tokens based on Arbitrum!

What Are The Pros?

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2023-09-25 14:00:30 Hong Kong to publish list of suspicious crypto firms after JPEX disaster

Big fish still at large
Two days ago, the South China Morning Post (SCMP) reported that the ringleaders behind the JPEX crypto scam were still at large. So far, the Hong Kong police have taken 11 individuals into custody in relation to the scam.

On 13 September, the SFC warned that none of the entities under the JPEX Group have secured a crypto license. Further, the exchange did not apply to run a regulated virtual asset trading platform VATP. At that point of time, the exchange denied the regulator’s claims in strong words. Open / Comment

2023-09-22 16:30:51 Bitcoin retail cohort keeps whales on their toes

Trust rises among small investors
A simple explanation of the data shared above is that the retail group has grown in confidence about the long-term performance of BTC. For many, the whales’ drop could mean that these large investors have lost their enthusiasm for the king coin’s price action.

As volume drops, excitement jumps
One reason the sentiment has changed from its initial positive value could be linked to the volume. From the data above, Bitcoin’s volume had dropped to 13.91 billion. This was just two days after it crossed 15 billion. Open / Comment

2023-09-19 14:30:02 Bitcoin leads the pack as crypto outflows mark 5 weeks

There is nothing about the crypto asset securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws…Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well.

Bitcoin suffers the most
Bitcoin investment products saw the removal of $45 million last week from crypto funds, accounting for almost 90% of the total outflows recorded. With the leading coin registering only outflows since the month began, last week’s liquidity exit brought the coin’s month-to-date outflows to $118 million.

Ethereum takes a backseat
While other leading altcoins posted inflows, leading altcoin Ethereum [ETH] witnessed withdrawals amounting to $4.8 million. This brought its YTD outflows to $118 million. Open / Comment

2023-09-16 17:30:13 Did Ethereum accomplish its objectives, one year into the Merge?

A greener Ethereum
Intended to cut down the exponentially increasing power consumption and build an environment-friendly image for the blockchain, the results have been nothing short of astounding.

Ethereum goes into deflation
While Ethereum clearly improved its green credentials, there was more to celebrate as far as the long-term economic outlook was concerned.

Staking interest at its peak
While the Merge was a game changer, some key aspects of the PoS transition had to wait until the completion of the Shapella upgrade. Foremost among them was the right granted to stakers to unlock their holdings at will. Open / Comment

2023-09-14 16:00:04 MetaTrace launched the final contest with prize pool of 60.000 $TRC tokens!

MetaTrace - Free-to-Play and Earn, geolocation crypto game on the real-world map recently conducted a listing of $TRC token on the MEXC exchange!

Claim 3 prizes of $500 worth of $TRC

Register your TraceID wallet on MetaTrace Quest-Platform
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More detailed information is described in the official MetaTrace Telegram channel

Join the community, turn on notifications and participate in the contest!

https://t.me/MetaTrace Open / Comment

2023-09-12 18:56:36 Will BNB bounce to this level before going short?

The $220 zone presented an attractive pocket of liquidity
At the time of writing, the market structure of Binance Coin was bearish. It has been bearish on the 4-hour chart since 31 August, after a previous higher low was broken. On 29 August, BNB saw a bounce that reached $234.

The Open Interest chart noted a bearish conviction
Since 10 September, the Open Interest has been rising. During this time, the price of Binance Coin fell from $214 to $204. Rising OI alongside falling prices indicated short sellers entered the market in large numbers, and was a sign of bearish conviction. Open / Comment

2023-09-09 18:01:27 Few crypto exchanges dominate the market: Why this is concerning

Single point of failure?
Market depth is an exchange’s ability to absorb relatively large market orders without materially affecting the asset’s price. Trading volumes. on the other hand, represent the total amount of a digital asset traded over a certain period. Both indicators are used to assess liquidity in the markets.

Binance’s market depth falls
In contrast to trading activity, Binance’s market depth fell considerably, from 42% in 2021 to 30.7% in 2023. This could be attributed to the exodus of market participants following the SEC’s lawsuit against the platform and attempts to freeze assets at its American branch, Binance US. Open / Comment

2023-09-06 14:01:37 BTC struggles as Grayscale pushes for an ETF approval. Assessing…

Why Grayscale might get the green light soon
Grayscale has been particularly keen on the matter, as revealed in its latest announcement. The company recently disclosed that its legal team has submitted a letter over the matter. The letter notes that the SEC has already surpassed three times the length that it is legally permitted to take for a filing.

Bitcoin holders are growing
Bitcoin has been facing directional headwinds in the last few weeks. However, the number of addresses holding BTC has been steadily growing and it reportedly just reached a new all-time high. Roughly 4.47 million addresses now hold at least 0.1 Bitcoin.

This suggested that there was still some demand for Bitcoin at its current level, especially after its August discount. However, the market is still under a cloud of uncertainty especially due to the possibility of interest rate hype during the next FED announcement. Open / Comment

2023-09-02 19:01:22 DeFi could overtake CeFi in the next bull run: CZ

CZ gives thumbs up to DeFi
The latest to acknowledge the importance of the event was none other than Binance CEO Changpeng “CZ” Zhao. In a recent AMA session hosted on Twitter, the crypto czar called the ruling as “extremely positive”.

Uniswap leads the charge
CZ’s assertion was rooted in the industry’s latest exploits. The largest and most popular DEX Uniswap outperformed centralized behemoth Coinbase in spot trading volumes in the first two quarters of 2023.
As of this writing, DEXs recorded trades worth nearly $12 billion over the last one week, according to DeFiLlama. DEX share in the total crypto spot trading market was 17.7%. Open / Comment