The cryptocurrency market has been through significant challenges in 2023, such as regulatory hurdles and reputation concerns. However, Bitfinex, a prominent cryptocurrency exchange, remains optimistic about the future growth and resilience of Bitcoin and other crypto assets. In their year-end Alpha report, Bitfinex predicts that the total market capitalization, which currently stands at approximately $1.6
Exchanges
Coinbase International Exchange recently announced a significant change in its leverage limits for perpetual future contracts. The platform emphasized the benefits of these changes, but it is crucial for traders to understand the risks associated with leverage trading. This article explores the new limits and their potential impact on investors. New Leverage Limits Coinbase International
Cryptocurrency trading is a complex and dynamic market that involves tracking various indicators to make informed investment decisions. One crucial metric that reflects investor behavior is exchange balance data. This data provides valuable insights into how investors are managing their Bitcoin holdings, which can influence market sentiment and provide trading signals. In this article, we
The world of cryptocurrency is buzzing with excitement as Solana, a relatively new digital asset, surpasses the trading volume of Bitcoin and Ethereum on major centralized exchanges. Conor Grogan, a director at Coinbase, was the first to notice this significant milestone. He pointed out that SOL, the native token of the Solana network, saw more
Coinbase, one of the largest cryptocurrency exchanges, has recently announced its registration to provide cryptocurrency services in France. This move comes after the company received approval from France’s Autorité des marchés financiers (AMF) to operate within the country. With this registration, Coinbase is now authorized to offer a range of retail and institutional services, including
In a recent court filing dated Dec. 20, it has been revealed that former FTX CEO, Sam Bankman-Fried, has been denied his request for an adjourned sentencing hearing. Bankman-Fried, who had hoped for a postponement of four to six additional weeks, would have seen his sentencing date pushed into May 2024. However, this request has
In the world of cryptocurrency, trust is a crucial factor for investors. They want to ensure that their assets are secure and fully backed by the exchange they are trading on. This is where proof-of-reserves (PoR) comes into play. Dubai-based Bybit, the world’s third-largest crypto exchange, has recently set a new benchmark in the industry
FTX Trading Ltd. recently announced a major development in addressing the challenges stemming from the collapse of the FTX group in November 2022. The settlement involves its Bahamas-based subsidiary, FTX Digital Markets, and is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of The Bahamas.
Decentralized exchanges (DEX) on the Solana blockchain have experienced significant growth, surpassing the trading volume of Ethereum for the first time on December 16. This development highlights the increasing adoption and strength of Solana’s smart-contract-enabled ecosystem. Although Ethereum has since regained its dominance, the brief flip serves as a testament to the flourishing decentralized finance
FTX Debtors recently submitted an amended Chapter 11 reorganization plan, presenting a worrisome scenario for the creditors of the now-defunct cryptocurrency exchange. This plan, if approved, could potentially result in significant financial losses for the creditors. The proposed valuation of the creditors’ claims is based on cryptocurrency prices from November 11, 2022, the same day
