Crypto exchanges are doubling down on their promotions, offering customers rebates and entitlements that seem impossible to maintain in the long run. With well over 200 exchanges now in existence, it’s becoming harder to discern between the viable, legitimate crypto venues and the platforms that are more akin to gambling than a marketplace. Fakers taking…
Last week we introduced ‘Altcoin Evolution’, NewsBTC’s latest series discussing the market-wide challenges that altcoins face in coming to market. We’ll take a look at a bird’s eye view of a number of different challenges that altcoins face in the general market, starting first with accessibility. Our framework in outlining these challenges will generally…
On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could be ahead for the crypto. Bitcoin All Exchanges To Derivatives Flow Continues To Show High Value As explained by an analyst in a CryptoQuant post, BTC whale activity on derivatives exchanges still seems to be…
Bitcoin has broken below the critical $115K support level, reaching a new local low of approximately $112,700. After spending over two weeks consolidating in a tight range, BTC has now exited this phase with bearish momentum, raising concerns across the market. Traders and analysts are closely watching to see if Bitcoin can find strong demand…
The Financial Services Commission, the top financial regulator in South Korea, is supposedly staging a closedown for some cryptocurrency exchanges. This move is linked to allegations of fraud in these exchanges. The first move from the FSC is to temporarily stop the operations of about 11 average South Korean crypto exchanges. Reporting on Sunday, The…
The market has had plenty to digest this week, so not every headline deserves the same treatment. This one does, because kraken pro api program expansion targets developers implementing third-party algorithmic client desks. That gives it a clearer place in the NewsBTC/Bitcoinist daily coverage map. For more details, visit the official Kraken platform. TL;DR Kraken…
Robinhood’s planned acquisition of Bitstamp is one of those deals that makes immediate strategic sense. Robinhood gets a much more established global crypto footprint, while Bitstamp offers a brand and institutional reach that can help fill gaps in Robinhood’s current profile. The market has spent years thinking about Robinhood as a retail-first platform. This deal…
Cryptocurrency exchange, Gemini, announced today that they will be adding support for Litecoin (LTC) beginning on Saturday, October 13th. Investors will be able to deposit LTC into Gemini, but will not be able to trade the cryptocurrency until Tuesday, October 16th. Litecoin will be the fourth digital asset added to the exchange platform and will…
Research indicates that large cryptocurrency exchanges are increasingly being targeted by scammers using doctored photographs to trick two-factor authentication reset procedures. The attack once again highlights the importance of securing one’s own private keys and not entrusting security to a third party exchange. There is a market on dark web forums for doctored images and…
Ukrainian authorities have allegedly reported that cryptocurrency exchanges are involved in illicit financial activities, including money laundering. Ukraine’s Security Service, known as SBU, has closed down various crypto exchanges reported to have transacted illegally since early 2021. The SBU, in a Wednesday statement, referred to cryptocurrency exchanges as the network of ‘clandestine’- known for their…