Bitfinex, a leading cryptocurrency exchange, has released its year-end Alpha report predicting that the total market capitalization of the cryptocurrency market, currently at around $1.6 trillion, has the potential to double to an astonishing $3.2 trillion. Despite facing various challenges in 2023, such as regulatory hurdles and reputation concerns, the company remains optimistic about the
Exchanges
Coinbase International Exchange recently announced that it has raised the leverage limits on its various perpetual future contracts to 10X. The update aims to empower users with more efficient trading strategies. However, it is important to critically analyze these changes and consider the potential risks involved. By upgrading the leverage to 10X on all perpetual
Cryptocurrency trading is a dynamic market driven by investor sentiment and behavior. One crucial metric that reflects this behavior is exchange balance data. This data provides insights into whether investors prefer to store their Bitcoin holdings off-exchange, indicating a bullish sentiment, or keep them on exchanges for potential sale or trade, often seen as a
The cryptocurrency market has always been dominated by Bitcoin and Ethereum, the two largest digital assets by market capitalization. However, recent data has shown a remarkable shift in trading volume, with Solana, a relatively new player in the crypto market, surpassing both Bitcoin and Ethereum in trading activity. This surge in trading volume is not
Coinbase, one of the leading cryptocurrency exchanges, has recently announced its registration to provide cryptocurrency services in France. This registration has been granted by France’s Autorité des marchés financiers (AMF), allowing Coinbase to operate within the country. With this new approval, Coinbase can offer a range of services, including crypto custody, crypto-to-crypto trading, and buying
Former FTX CEO, Sam Bankman-Fried, has been denied an adjourned sentencing hearing, as stated in a court filing on Dec. 20. Bankman-Fried’s legal team requested a four to six-week adjournment, which would push the sentencing into May 2024. Currently, the sentencing date is set for March 28, 2024. The defense argued that they needed additional
In the rapidly evolving world of cryptocurrency, trust and transparency are of utmost importance. As the popularity of digital assets continues to grow, investors and customers are increasingly concerned about the security and backing of their funds. To address these concerns, major cryptocurrency exchanges have adopted proof-of-reserves (PoR) practices. By providing an overview of asset
In a recent press release, FTX Trading Ltd. announced that it has reached a settlement with its Bahamas-based subsidiary, FTX Digital Markets. This development marks a significant milestone in the aftermath of the collapse of the FTX group in November 2022. However, it is important to thoroughly analyze the details of the settlement and understand
Decentralized exchanges (DEX) on the Solana blockchain recently achieved a significant milestone by surpassing Ethereum in trading volume. On December 16, the trading volume of DEXs on Solana reached $1.536 billion, exceeding Ethereum’s $1.164 billion during the same period. This development showcases the rapid growth and widespread adoption of Solana’s decentralized finance (DeFi) ecosystem. It
The amended Chapter 11 reorganization plan filed by FTX Debtors on December 16 has raised concerns among the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy. However, during the days leading up to the FTX collapse, the crypto
