Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Exchanges
Investors Are Withdrawing Their Bitcoins (BTC) From Exchanges: Why Is This A Good Sign?
The number of bitcoins (BTC) stored on the exchange platforms is at its lowest. That's pretty good news for the rest of the bull run if Glassnode is to be believed. Investors withdraw their bitcoins (BTC) from exchanges Figures from the Glassnode data aggregator show that bitcoins stored on exchanges have hit a shallow threshold. The numbers have not hit this level since October 2018, more than two years ago. It is this analysis by Glassnode that indicates the current…
5 years ago
Looking for an Instant Exchange Platform? Check Out InstaSwap.io
Getting a cross-chain, instant exchange platform that is secure, effective, and allows users to have the freedom to trade with any cryptocurrency they want takes work. Unfortunately, the market can be very disappointing and contains either unsafe or too unstable platforms to trust with your earnings. If you search the internet for a fair, secure, and efficient exchange platform, having detailed and unbiased reviews of available options can be useful. How InstaSwap.io Works This is a new operating crypto exchange…
5 years ago
Uzbekistan Plans to Create a National Mining Pool and Launching Licensed Exchange
The Uzbekistan government has revealed its plans in the upcoming regulation plans on digital currency trading and the blockchain technologies implementation that should be done this year. The announcement came through a press conference conducted on Monday by the National Agency of Project Management (NAPM). Based on the information provided, it is believed that the mining pool will aid both foreign and domestic miners through functioning capabilities as consolidation. National Agency of Project Management's Claims The NAPM continues to put more effort into achieving an effective…
5 years ago
What is Cryptocurrency? – All you Need to Know
Highlights: Cryptocurrencies are a new technology that decentralizes the transfer medium, i.e., currency. Cryptocurrency is different from Blockchain. A Blockchain is a protocol, one of the applications of which is a cryptocurrency. Blockchain is a decentralized network of nodes with various daily applications. Cryptocurrencies use decentralized control instead of centralized digital currency and central banking systems. One can buy and sell cryptocurrencies in a cryptocurrency exchange. Introduction Satoshi Nakamoto, a pseudonym on the internet, borrowed from several ideas. He/she/they posted a…
5 years ago
A Beginner’s Guide to Buying Cryptocurrencies With FIAT
With an increasing number of cryptocurrency amateurs coming into the market every day, it is evident that there is a growing rise in demand for resources that guide them along their journey. Various information-providing sites are available online to help you with that information. They are needed to get an expanded picture of the whole sector and make informed decisions based on their findings. Readers are encouraged to use the resources available and allow themselves to understand and comprehend the…
5 years ago
Beginner’s Guide to the Types of Cryptocurrency Exchanges
With the constant surge in cryptocurrencies and their applications, investors and traders demand Cryptocurrency Exchanges perform trading. Therefore, Crypto Exchanges play a vital role in the development of the blockchain industry. Simply put, a Cryptocurrency Exchange allows investors to trade instantly and buy or sell cryptocurrencies. For investors looking to enter the cryptocurrency space, a centralized exchange is still the most common means of doing so. But the list doesn't just end there. One must know about the other options…
6 years ago
Cryptocurrency Exchanges Most Appealing to Technical Traders
To effectively day-trade cryptocurrency or any instrument, traders must consider many considerations and variables. The factors can be external and technical. External factors include public perception, regulatory news, updates, profit statements, etc. Therefore, external factors have to be studied carefully and updated. On the other hand, technical details may include the perceived future trend, long-term and short-term positions, and so on. For a trader, the external factors can be effectively managed by updating their portfolio based on the news they…
6 years ago
Three Awesome Exchanges Everyone Should Try
Cryptocurrency exchanges are the entire craze in FinTech right now. Since 2017, hundreds of exchanges have been established and crumbled. Large exchanges such as Binance or Coinbase greatly appeal to many users; however, smaller exchanges gain a loyal and extensive follower base. To help the readers balance the task of finding a good cryptocurrency exchange that satisfies their needs and, at the same time, doesn't fall back on its promises, we have simulated a list of exchanges that don't necessarily boast a user…
6 years ago