According to CryptoQuant’s data on May 10, Bitcoin reserves in centralized exchanges such as Binance and Coinbase experienced a significant decline in Q4 2022. The reserves remained stable in April despite the prices soaring from $20,000 to $31,000 during that period. Exchange Bitcoin Reserves Rapidly Shrinking Bitcoin exchange “reserves” is a metric that tracks the…
Marathon Digital Holdings Inc, a crypto mining company, recently announced its partnership with digital assets firm Zero Two. This announcement marks a major milestone in Marathon Digital’s plan for global expansion. The creation of the “Abu Dhabi Global Markets JV Entity” will involve joint ownership between both companies, with Zero Two holding 80% ownership and…
Arbitrum (ARB), one of the recently launched Ethereum-based Layer 2 scaling solutions, has seen a surge in its price by almost 10% in the past 24 hours. The surge comes when the global crypto market seems to be in an upward trend. However, the Arbiturm spike can be tied to a different factor. The recent…
Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange’s decision to continue offering Algorand (ALGO). The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in its charges against the Bittrex crypto exchange. Notably, Coinbase delisted XRP based on regulatory…
Tether Holdings Limited, the issuer of the world’s largest stablecoin, USDT, has published its Q1 2023 Assurance Report, attested to by BDO Italia, a top five-ranked global independent public accounting firm. The report re-affirms the accuracy of Tether’s Consolidated Reserves Report (CRR), which details the assets held by the group as of March 31, 2023.…
Data from Glassnode reveals the Bitcoin supply has been observing a shift from wallets based in America to those in Asia recently. Bitcoin Supplies Held By Asian And US Investors Have Gone Opposite Ways Recently According to data from the on-chain analytics firm Glassnode, an interesting dichotomy has formed between the different regional supplies of…
Polygon Network is one of the top players in the blockchain industry. However, its native token MATIC has steadily declined in the last few weeks. This comes as no surprise as many other altcoins are also experiencing the same downward movement due to negative market sentiment. But while the volatility of MATIC’s price can present…
The bear market has been brutal on cryptocurrencies in the market such as Shiba Inu. As a result, the profitability levels of investors in the meme coin have dropped drastically during this time. Even now, SHIB holders continue to see a decline in profitability, bringing it to one of the highest levels of losses since…
The governance token of Render has been performing poorly in the past few days as the bears took control of the market. According to CoinGecko, RNDR is down 7% in the past 24 hours, indicating that the general market downturn affected its upward momentum. However, external developments might help a bullish scenario to form. In…
Bitcoin holders have been paying attention to the amount of BTC leaving crypto exchange platforms. Over the past week, the cryptocurrency’s liquidity has been moving, raising concerns about the stability of these venues and that marketmakers might be exiting the space. As the U.S. faces a banking crisis, crypto exchanges crumble, and uncertainty in the…
