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…
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Hong Kong’s Crypto License Promotes Inclusive Crypto Trading Unlike US’ Coinbase
The post Hong Kong’s Crypto License Promotes Inclusive Crypto Trading Unlike US’ Coinbase appeared first on Coinpedia Fintech News Lu Tingkuang of HKbitEX has highlighted Hong Kong’s regulatory framework that stands out for its inclusivity which allows trading cryptocurrencies and security tokens under a single license. This contrasts with limited regulations in other jurisdictions like the US, where players like Coinbase can only handle cryptocurrency transactions. Hong Kong has already exhibited a commitment to innovation in financial instruments. The Hong…
11 months ago
Chile Welcomes First Bitcoin ETF: BlackRock’s iShares Bitcoin Trust Begins Trading
BlackRock introduces the first Bitcoin ETF, iShares Bitcoin Trust, now trading on the Santiago Stock Exchange. The ETF is managed by BCI Securities Brokerage, offering institutional access to cryptocurrency investments in Chile. BlackRock has introduced the first Bitcoin ETF in Chile, named iShares Bitcoin Trust (IBIT), which commenced trading on the Santiago Stock Exchange on June 27. This financial instrument provides Chilean investors with institutional access to Bitcoin investments. BlackRock’s iShares Bitcoin Trust (IBIT) is listed on the Santiago Stock…
12 months ago
Abey Token Now Trading on BitMart Exchange
George Town, Cayman Islands, June 28th, 2024, Chainwire The Abey Foundation is thrilled to announce that Abey, a pioneering Layer-1 blockchain, has officially launched the trading of its token on the BitMart cryptocurrency exchange starting from 14:00 UTC on June 26, 2024. This listing marks a significant milestone in our journey, aligning with our vision to expand global reach, enhance accessibility, and improve liquidity for our growing community. Abey's integration with BitMart opens new opportunities for investors and traders worldwide,…
12 months ago
Bitget Wallet Announces Investment in Trading Platform Tomarket, Targeting Markets Beyond DEXs
Victoria, Seychelles, June 28th, 2024, Chainwire Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user needs beyond those already provided for by conventional decentralized exchanges (DEXs). The platform facilitates the trading of Real World Assets (RWA), crypto asset yields swap, crypto points,…
12 months ago
Bolivia Opens Doors to Cryptocurrency Trading After 4 Years Of Ban
The post Bolivia Opens Doors to Cryptocurrency Trading After 4 Years Of Ban appeared first on Coinpedia Fintech News After four years, the Central Bank of Bolivia has officially reversed its 2020 ban on Bitcoin and other cryptocurrencies. This move, aimed at updating the financial system, acknowledges the growing importance of digital currencies in the global financial ecosystem. By reversing the ban, Bolivia is recognizing the increasing relevance and potential impact of digital assets on the economy. BCB Lift Ban…
12 months ago
XRP Price Glitch Displays Its Trading Price At $62,032 on Kraken
The post XRP Price Glitch Displays Its Trading Price At $62,032 on Kraken appeared first on Coinpedia Fintech News Kraken witnessed a mysterious XRP price glitch, which showed a trading price of $62,032. A screenshot indicated multiple instances of traders placing buy and sell orders for XRP at that price. This has sparked optimism among community members who have long argued that the recurring price glitches for XRP reflect its true value. The enthusiasts also hope that the high prices…
12 months ago
Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?
Solana has been thrown into a tailspin after a shocking revelation: its daily stablecoin volume may have been significantly inflated. Reports indicate a staggering drop – from a dizzying $75-100 billion to a mere $7 billion in a 24-hour period. This dramatic shift has unsettled the crypto community, raising serious questions about the legitimacy of Solana’s past performance and its future as a DeFi powerhouse. Wash Away The Hype: Inflated Figures Or Fabricated Reality? Market sentinels are pointing fingers at…
12 months ago
PrimeXBT: A Comprehensive Review of a Leading Financial Trading Platform
PrimeXBT is a diverse financial trading platform for CFDs, cryptocurrencies, and commodities. The platform has a 1 million user count, and more about the platform can be read in this review. Established in 2018, PimeXBT is among the world’s leading crypto brokers. The platform tracks price movement, across markets with live charts of hundreds of digital assets. PrimeXBT provides financial technology through its website, WebTrader, and app. PrimeXBT envisions a future where individuals can get easy and immediate access to…
12 months ago
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TradingOrdinal Hive and Merlin Chain Join Forces to Revolutionize Ordinals Trading
Los Angeles, California, June 25th, 2024, Chainwire Ordinal Hive, a cutting-edge player in the Bitcoin ecosystem, has announced a groundbreaking partnership with Merlin Chain. This collaboration aims to create the first Ordinal trading protocol specifically designed for professional traders, addressing a significant gap in the current market landscape. The partnership between Ordinal Hive and Merlin Chain represents a major step forward in the evolution of Bitcoin-based asset trading. By leveraging Merlin Chain's robust infrastructure, Ordinal Hive is poised to deliver…
12 months ago