Tag: bitcoin exchange

Crypto’s Peer-to-Peer Exchanges Lose Ground in a Shrunken Market
24Jul By adminNo Comments
Technology

Crypto’s Peer-to-Peer Exchanges Lose Ground in a Shrunken Market

[ad_1] Crypto exchanges that connect buyers and sellers directly without Wall Street-style middlemen are under pressure to improve their services amid a decline in market share.These so-called decentralized platforms facilitate trading via algorithmic, blockchain-based software known as smart contracts, with users retaining custody of tokens rather than handing them to an intermediary institution. Crypto diehards predicted a golden period for peer-to-peer trading venues such as Uniswap and dYdX after last November's collapse of the FTX exchange, which undermined trust in centralized platforms that take control of tokens. But that hasn't panned out: monthly spot trading volumes on decentralized exchanges slid 76% to $21 billion by June this year versus January 2022, more than the 69% dro...
Read More
Bitcoin hovers near 13-month high as investors cheer Ripple ruling
15Jul By adminNo Comments
Technology

Bitcoin hovers near 13-month high as investors cheer Ripple ruling

[ad_1] Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security.A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. The case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world's largest cryptocurrency exchange, has laid off more than 1...
Read More
Man convicted of running unlicensed bitcoin exchange biz
24Dec By adminNo Comments
Technology

Man convicted of running unlicensed bitcoin exchange biz

[ad_1] Freeman's lawyer, Mark Sisti, said Freeman actually warned people of scams and he helped businesses in the community. A New Hampshire man was convicted Thursday of running an unlicensed bitcoin exchange business and laundering over $10 million in proceeds of romance scams and other internet frauds following a two-week federal trial. Prosecutors said Ian Freeman “created a business that catered to fraudsters" by failing to register his business with the Financial Crimes Enforcement Network as required by law, disabling ‘know your customer' features on bitcoin kiosks, and ensuring bitcoin customers didn't tell him what they did with their bitcoin. Freeman's lawyer, Mark Sisti, said Freeman actually warned people of scams and he helped businesses in the community. “We are d...
Read More
Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette
13Dec By adminNo Comments
Technology

Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette

[ad_1] Plucky bitcoin's been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Plucky bitcoin's been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin's been unresponsive since being clobbered by the FTX collapse, taking in a deep ragged breath before plunging towards the depths of $5,000. Place your bets, spin the wheel. The world's dominant cryptocurrency has certainly been uncharacteristically muted over the past two weeks, treading water between about $15,770 and $17,350 in the eerie wake of the FTX-induced market mini-crash in November. What happens next is anyone's guess. "T...
Read More
Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets
5Dec By adminNo Comments
Technology

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

[ad_1] Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank's Global Head of Research Eric Robertsen wrote in a note on Sunday. Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30% rally in the yellow metal, Robertsen also said. This possible outcome involves a reversal in interest-rate hikes as economies struggle and more crypto “bankruptcies and a collapse in investor confid...
Read More