Cryptocurrency exchange FTX surpassed its rival Coinbase in terms of Bitcoin trading volume in May, despite the latter boasting a record number of trades, according to a recent Kaiko report. The discrepancy in trade volume versus the number of trades indicates that the average dollar value per trade on Coinbase was lower than that on FTX. “Average trade size on…
Bitcoin miner Bitzero is building its headquarters in North Dakota.The data center will be a $400-$500 million investment for the company and will use heat, a byproduct of its operations, to help the region produce food all year.The company has currently raised $100 million and is planning an IPO in Canada within the next 60 days. Bitzero Blockchain Inc., a…
ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day. Cosmos (ATOM) ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5% lower. Following a peak of…
Bitcoin (BTC) recovered to $30,000 prior to the June 2 Wall Street open as feet remained cold across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Crucial breaker rejecting” on Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $30,182 on Bitstamp after wicking down to near $29,300 overnight. Amid testing times for equities,…
Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as…
Lagging crypto markets have landed another blow on the industry’s workforce. Gemini Trust Co. is laying off 10% of staff in an effort to help the firm weather “crypto winter,” billionaire brothers Tyler and Cameron Winklevoss, President and CEO, announced on Thursday. The brothers reaffirmed that they believe the “crypto revolution” is well underway, but said that its current trajectory…
The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions. In March 2022, President Biden signed an executive order in a “whole of government” approach to regulate the broader cryptocurrency market. Per the executive order’s timeline, a report is expected to be released in August detailing climate impact and other governing…
Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the second day of June. Bitcoin…
As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange. In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be “subject…
The crypto world is well known for its volatility. Especially in the early days, digital assets experienced wild price swings, gaining or losing double-digits in the course of a day. It appears that the current bear market is no exception to this trend. While wild price swings provide opportunities to make gains — if you’re lucky enough — the volatile…
