Category: Ethereum

Bitcoin Exchange Reserves Plummets to Lowest in Years as BTC Drops to $95K

Vortex Cryptonews

Bitcoin exchange reserves crashed to multi-year lows. BTC dropped to the $95,000 price level after failing to retain $97,000. Bitcoin reserves on exchanges dropping suggests bullish investor sentiment. Bitcoin reserves on digital asset trading platforms have dropped to their lowest levels in years, data from blockchain analysis platform CryptoQuant confirms. Meanwhile, the market-leading digital asset has failed to retain price action above the $97,000 price level, suggesting a lack of buying pressure for a sustainable rally towards the much-anticipated $100,000 price level. According to CryptoQuant , a massive 171,000 have…

Bank of England’s PRA Seeks Crypto Asset Disclosures to Shape Regulatory Policies

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The PRA is gathering data to shape crypto regulations and ensure financial stability. The financial watchdog has requested firms to provide detailed information on their use of the Basel framework for crypto assets. Firms have until March 2025 to submit their crypto asset disclosures. The Prudential Regulation Authority (PRA), a division of the , has asked firms to disclose their current and future crypto assets, including tokenized assets and stablecoins. The financial watchdog announced this in a released to the public on December 12, asking firms to provide detailed information…

Coinbase Adds Gigachad (GIGA) and Turbo (TURBO) to Listing Roadmap Resulting in Huge Gains

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The announcement of the imminent listing of TURBO and GIGA Coinbase resulted in a 15% and 37% upsurge respectively. Coinbase has listed several memecoins in the last few weeks, thus increasing its overall trading volumes. Bitcoin faces growing competition as altcoins gain momentum, with Coinbase Global Inc. (NASDAQ: COIN) capitalizing on this trend through strategic memecoin listings across multiple chains. Recent additions have notably boosted the exchange’s trading volumes. As , Coinbase Global has already listed frog-themed Pepe , dog-themed Floki , Dogwifhat , and Moo Deng , among many…

Britain’s Crypto Hub Ambitions Face Challenges amid US Competition

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The United Kingdom aims to become a leading crypto hub, competing with the US, despite skepticism from local entrepreneurs. Economic Secretary Tulip Siddiq plans legal provisions for digital assets, including stablecoins, to foster crypto growth. FCA’s roadmap will regulate the crypto industry by 2026, addressing stablecoins, trading, and lending challenges. The UK is laying out an ambitious plan to become a leading global hub for crypto, positioning itself as a competitor to the US in this rapidly evolving industry, to CNBC. Despite these intentions, many entrepreneurs within Britain’s borders are…

$420 Million in Crypto Liquidation as Bitcoin (BTC) Price Falls

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Bitcoin registered a new All-Time High above $108,000 on December 17. The coin reversed its growth, fueling a $420 million crypto liquidation. The uncertainty around interest rate cuts is placing traders on the edge. The price of Bitcoin has seen a slight drop that has triggered some liquidation in the crypto market. As BTC lost 2.99% of its price gain to trade at $104,027.71, 165,326 traders suffered liquidations. The combined liquidation figure topped $420 million. According to data from , the largest single liquidation occurred on the Binance exchange. Long…

Xlandeflux: The Leading Platform for Seamless Crypto-to-Crypto Trading

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Xlandeflux: The Premier Crypto-to-Crypto Exchange for Seamless Global Trading In the dynamic and ever-changing world of cryptocurrency, selecting a trusted and efficient exchange is paramount to achieving trading success. Xlandeflux has emerged as one of the most reliable and sought-after platforms in the crypto industry, providing seamless crypto-to-crypto trading with a focus on security, speed, and a superior user experience. Operating across 53 countries, Xlandeflux caters to both seasoned traders and newcomers, empowering them to trade confidently in an increasingly digital world. Why Xlandeflux is the Top Choice for Crypto…

Aave Price above $300 for First Time since November 2021 Fueled by Robust Fundamentals

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Aave price has rallied more than 44 percent in the past week to trade above $300 for the first time since November 2021. The Aave protocol has registered a significant increase in borrowing activities on the Ethereum network. Amid the ongoing reawakening of the altcoin industry, led by large-cap crypto projects, Aave (AAVE), a mid-cap DeFi project, has registered palpable gains in the past few weeks. After rallying more than 44 percent last week, AAVE price surged around 6.9 percent in the past 24 hours to trade at about $383…

BitGo Partners with Core Foundation to Unlock $2 Trillion Bitcoin Yield Opportunities

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BitGo and Core Foundation have joined forces to introduce a secure and scalable solution that unlocks $2 trillion in Bitcoin yield opportunities for institutions. The Dual Staking model offers tiered Bitcoin yield backed by transaction fees and long-term blockchain rewards. In a landmark collaboration, BitGo, a US-based digital asset custody firm, has partnered with Core Foundation, the nonprofit organization overseeing the growth and development of the Core blockchain to revolutionize institutional Bitcoin investments. the partnership on Monday, December 9, BitGo said the deal has introduced a secure and scalable solution…

Top 5 Reasons ProfiSwap Is Ideal for Privacy-Focused Traders

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As the crypto industry becomes increasingly regulated and centralized, privacy is becoming a rare commodity. Major exchanges now demand your passport, selfies, proof of address — sometimes even your source of income — just to make a simple trade. But if you’re a trader who believes in the founding values of crypto — privacy, autonomy, and decentralization — you’ll want to avoid these platforms altogether. Here are 5 reasons why ProfiSwap is the ideal platform for privacy-conscious crypto users.   1. No KYC. Ever. ProfiSwap is one of the few…