Exchanges

The post German Government Yet Again Moves 250 BTC To Exchanges! appeared first on Coinpedia Fintech News The German government sent another 250 Bitcoins worth $15.4 million to Bitstamp and Kraken on June 26, signaling a potential intention to sell the assets. The government-labeled addresses have sent around $150 million to known crypto exchange addresses since last week. The German Federal Criminal Police Office (BKA) sent 125 Bitcoins worth $7.7 million to each crypto exchange at around 7:52 a.m. UTC.…

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The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets?…

The post Shiba Inu Whales Transfer 2.55 Trillion SHIB from Exchanges, Sparking Investor Speculation appeared first on Coinpedia Fintech News Shiba Inu whales have withdrawn a major amount of 2.55 trillion SHIB tokens from exchanges, which includes 2.2 trillion worth $39.9 million from Robinhood and 353 billion valued at $6.6 million from Binance. These three large-scale transfers are brought to light by Whale Alert and LookIntoChain, and hints at a strategic repositioning amidst the market volatility. Moreover, these transactions fall…

Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency exchanges, according to on-chain data firms. This development has sparked speculation about the agency’s intentions and potential market impact. Selling Pressure Concerns On Wednesday, crypto…

The concept of liquidity takes on unique significance within the dynamic realm of cryptocurrencies. Swift conversion of assets to cash without causing substantial price fluctuations is pivotal for ensuring market stability, health, and investor trust.  Significance of Liquidity in Crypto Exchanges Price Stability Ensuring stability through high liquidity minimizes the impact of sizable buy or sell orders. This fosters an environment that attracts participants and strengthens investor confidence. Efficient Trading Increased liquidity facilitates swift trade execution at desired prices, reducing…

The post PolitiFi Token Trend Grows But Trump Token is Rejected by Kraken and Other Exchanges: 3 Alternative Meme Coins to Buy appeared first on Coinpedia Fintech News Crypto keeps evolving and the latest trend is “PolitiFi” cryptocurrencies, which pay homage to political figures, like former U.S. President Donald Trump. However, centralized exchanges are rejecting the sector’s frontrunner, TRUMP, because it is “too political.” So later in this article, we examine three alternative meme coins to buy instead.   Crypto PolitiFi…

The post Brazil To Summon Foreign Crypto Exchanges For Information appeared first on Coinpedia Fintech News In the latest development, Brazil’s tax authority is planning to explore foreign crypto exchanges to find out their way of operating in the country and whether its citizens are complying with the country’s new tax laws or not. As per a report from Reuters, the Federal Revenue of Brazil is expected to publish an ordinance summoning these firms for further information. The officials also…

The post Crypto Exchanges Face $9B Lawsuit Over Bitcoin SV Delisting appeared first on Coinpedia Fintech News The Competition Appeal Tribunal is hearing a high-stakes legal challenge brought by BSV Claims Ltd against several major cryptocurrency exchanges, including Binance, Kraken, and ShapeShift. The 2019 delisting of Bitcoin SV (BSV) allegedly deprived Bitcoin SV investors of significant growth opportunities. BSV demands a staggering $9 billion in compensation for BSV holders. However, the defendants argue that BSV investors had ample opportunity to…