Category Archives: Cryptocurrency
Cryptocurrency roundup for March 20: Bitcoin at $28000, Flagstar Bancorp to assume non-crypto deposits of… – Moneycontrol
Flagstar Bancorp to Assume Non-Crypto Deposits of Signature Bridge Bank, Excluding Digital Banking Business
Tron Founder Justin Sun Proposes Acquiring Credit Suisse for $1.5B and Turning It Into a Crypto-Friendly Bank
DefiLlama Employee Forks Blockchain Data Platform Over Token Dispute
FTX Sets Auction Date for Derivatives Exchange LedgerX
Bitcoin Funds Decline as U.S. Bank Failures Spark Concerns of Fed's Liquidity Easing
General Bytes' Bitcoin ATMs Hacked, Funds on Exchanges and Hot Wallets at Risk
Binance's Response to U.S. Senators' Criticism Fails to Address Financials: Report
Microsoft Conceals Non-Custodial Crypto Wallet Integration in Edge Browser
Bitcoin Soars Past $28,000 as Federal Reserve's Interest Rate Decision Looms
Bitcoin has surged past $28,000, marking its highest level since June and signaling the return of Bitcoin bulls.> According to TradingView data, the crypto token has risen 5.2% over the last 24 hours and a staggering 37.8% over the last week, with a 20.8% increase in the past month.> The rally coincides with speculation that the Federal Reserve could halt or slow the pace of interest rate hikes this week in response to contagion caused by the collapses of major banks.> CME's FedWatch tool indicates a 62% likelihood of rates being raised by 25 basis points, while the chance of no change is at 38%.
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Cryptocurrency roundup for March 20: Bitcoin at $28000, Flagstar Bancorp to assume non-crypto deposits of... - Moneycontrol
Top 15 Cryptocurrency Data Aggregators that Everyone Should Use … – Cryptopolitan
Cryptocurrency data aggregators are platforms that provide access to a variety of brokers and crypto instruments on a single platform. They combine data from various decentralized exchanges (DEXs) and centralized exchanges (CEXs) using dApps, smart contracts, oracles, and APIs. For example, these aggregators use price oracles that connect different exchanges and provide the most recent price information.
In this article, top 15 cryptocurrency data aggregators that everyone should use. These platforms provide information and tools to help you make informed cryptocurrency trading and investing decisions.
Crypto data aggregators use an API (Application Programming Interface) to obtain prices and other market information from different exchanges. They then presented this data in a single, consolidated format so users could easily access it. Aggregators also provide features like charting tools, portfolio tracking, news feeds, and alerts.
Oracles are another key component of crypto data aggregators. Oracles are software programs that connect different exchanges and enable cross-chain transactions. This ensures users can access the latest information, such as crypto prices, from all connected exchanges.
1. User Experience: The user experience should be intuitive, easy to use, and feature-rich. It should offer various tools and resources to help you make informed decisions about your trading and investment strategies.
2. Security: Look for secure encryption platforms to protect your data from malicious attacks. Any platform you choose should also have measures to protect your account from unauthorized access or theft.
3. Reliability: Ensure the platform is reliable and responsive when accessing real-time data. A good aggregator will have servers worldwide to access different exchanges quickly and reliably.
4. Cost: Consider how much each platform charges for its services and what discounts they may offer for other services.
5. Trust: Ensure the platform is reliable and trustworthy by reviewing other users reviews or reading independent reports.
6. Support: Look for platforms with helpful customer support staff who can assist you in case of any difficulties or queries you may have.
7. Compatibility: Check if the platform matches your preferred trading software or mobile apps. Helping ensure you can access your data and execute trades quickly and easily, no matter where you are.
CoinMarketCap is one of the most popular websites for gathering crypto data. They offer comprehensive market capitalization and pricing information for over 22,000 digital assets. In addition, users can access detailed historical charts, price alerts, and real-time market stats.
CryptoCompare is another valuable resource for tracking cryptocurrency prices. They offer a range of tools, including portfolio trackers, price alerts, and sector-level data. The site also provides extensive information about the various exchanges that list digital assets.
CoinGecko is a great way to compare the performance of various digital assets against each other. In addition to pricing information, they provide detailed data on network activity and developer activity across platforms such as Ethereum, Bitcoin, Litecoin, and more.
TradingView is one of the most popular charting platforms for cryptocurrency traders. Their website features a simple yet powerful interface allowing users access to real-time prices from multiple exchanges simultaneously. Furthermore, users can customize their technical indicators or use TradingViews pre-set indicators.
CryptoSlate is an all-encompassing website for crypto news and data. Their comprehensive market overview page provides price charts, market capitalization rankings, and more. Additionally, users can access detailed news coverage for each asset, including press releases, whitepapers, and events calendars.
CoinCodex is an excellent resource for tracking the major digital assets today. In addition to pricing information, they provide historical data and event calendars, which allow traders to stay updated with whats happening in the space.
Brave New Coin offers various services for cryptocurrency traders and investors. Their website provides market reports, price indexes, and real-time data from over 200 exchanges. Additionally, users can access an in-depth analysis of various digital assets, which is especially useful for making informed trading decisions.
Messari is another excellent tool for tracking the performance of digital assets across multiple exchanges. In addition to pricing information, they provide detailed insights into project development, token economics, and more.
OnChainFX provides comprehensive crypto asset analytics, which includes historical price data and value metrics such as total supply and market capitalization rankings. They also offer helpful tools like portfolio trackers, alerts, and news updates.
CryptoMiso is an excellent resource for tracking project development across the crypto space. CryptoMiso provides GitHub development history of popular cryptocurrency projects. The stats include a number of commits, number of contributors and programming languages. It also provides a chart for each project showing development activities over time.
Coin360 is an excellent tool for comparing pricing information across multiple exchanges at once. Their interactive charts offer a visual heatmap of the cryptocurrency markets, which makes it easy to track prices in real-time. Users can also customize their portfolios to gain better insights into their investments.
ICO Analytics offers detailed analytics on hundreds of cryptocurrencies and token generation events. They provide analytics of recently released tokens as well as information on recent private fundraising events. The information on ICO analytics helps investors prepare for their next investment and stay ahead of the crowd.
Dune Analytics is an excellent tool for tracking the real-time performance of digital assets across various blockchain platforms. They provide detailed analytics, which includes transaction volumes, network fees, and more. In addition, users can access up-to-date information on project development, team structure, and token economics.
Cryptocurrency data aggregators provide a wealth of information and tools to help you make informed decisions regarding cryptocurrency trading and investing. These platforms combine data from various decentralized exchanges (DEXs) and centralized exchanges (CEXs) using dApps, smart contracts, oracles, and APIs to provide access to multiple brokers and crypto instruments on a single platform.
Whether you are a seasoned trader or just starting in cryptocurrency, using a cryptocurrency data aggregator can help you stay up-to-date with the latest market trends and make better-informed decisions. With so many options available, choosing a platform that meets your needs and provides the features and benefits that will help you succeed in the fast-paced world of cryptocurrency trading is important.
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Top 15 Cryptocurrency Data Aggregators that Everyone Should Use ... - Cryptopolitan
Written reply to Parliamentary Question on MAS’ cryptocurrency and … – Monetary Authority of Singapore
Date: For Parliament Sitting on 20 March 2023Name and Constituency of Member of ParliamentMr Desmond Choo, Tampines GRCQuestion
To ask the Prime Minister (a) what is the outcome of the consultation on proposals to reduce risk of consumer harm from cryptocurrency trading and to support the development of stablecoins; and (b) what are the salient insights from the consultation.Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
1. We thank Mr Choo for his interest in the consultation papers that MAS published, which proposed regulatory measures to reduce the risk of consumer harm from cryptocurrency trading and to require stablecoin issuers to maintain a high degree of value stability.
2. The consultation period closed on 21 December 2022, and MAS received substantial feedback from a wide range of respondents. MAS is currently reviewing the feedback received, and intends to publish our response to the consultation feedback by mid-2023.
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Bitcoin And Cryptocurrency ATMs Market Projected to Witness A Double Digit CAGR During 2023 – 2030. – openPR
Bitcoin and Cryptocurrency ATMs Market Continues to Grow Rapidly.The global market for Bitcoin and cryptocurrency ATMs is experiencing rapid growth, with an increasing number of people using these machines to buy and sell digital assets. As the adoption of cryptocurrencies continues to rise, the demand for easy and convenient ways to access them is also increasing.
According to a recent report, The global crypto ATM market size was valued at USD 116.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 62.5% from 2023 to 2030. The growth can be attributed to the increasing demand for decentralized currency and rising investments in digital assets.
Key Research Findings: The Asia-Pacific region is expected to dominate the Bitcoin and cryptocurrency ATM market, with China and Japan leading the way. North America is also a major market, with the United States accounting for the largest share of Bitcoin ATMs worldwide. With the growing adoption of cryptocurrencies, the Bitcoin and cryptocurrency ATM market is expected to continue to grow in the coming years. More and more people are looking for easy and convenient ways to access digital assets, and Bitcoin and cryptocurrency ATMs provide a simple solution. India Being 7th Biggest Nation to adopt crypto in 2023 has increased the scope of this market.
Advantages:
>Now People can get Bitcoins from the ATMs itself instead of Going here and there.>One of the main advantages of Bitcoin and cryptocurrency ATMs is that they provide a convenient way for users to access digital assets. Unlike traditional exchanges that require users to go through a lengthy verification process, BTMs allow users to buy or sell digital assets in a matter of minutes.>People who don't have bitcoins in their digital wallet can get them from ATM's and can store them in the wallet.
Disadvantages:
>There is a threat of cyber-crime and hacking.>Recently there was a decline in ATMs due to the impact of the bear market but the overall growth is still higher.
As there are two sides of each coin there are advantages as well as disadvantages of bitcoin and cryptocurrencies but the growth of the market shows an increasing trend. In conclusion, the growth of the Bitcoin and cryptocurrency ATMs market is a clear indication of the increasing mainstream acceptance of digital assets. As more individuals and businesses recognize the benefits of digital assets, the market for BTMs is expected to continue its rapid growth in the coming years.
With currently just over 7000 bidirectional machines installed in the USA, two-way Bitcoin ATMs (crypto-to-cash, cash-to-crypto) have a market share of over 22.3%. Outside of the USA and Canada, the situation is the opposite - two-way machines are in the majority. Europe is leading here; nearly 71% of all ATMs are two-way.
This shows increasing interest of people in Bitcoin being made easier through ATMs in Top countries including India.
Get a Sample Report here - https://marketsquareinsights.com/bitcoin-and-cryptocurrency-atms/?query=sample_report
Key Companies Profile in the Report:
General BytesLamassuGlobal Funds Transfer (GFT)Genesis CoinBitAccessCoinsourceDBA COAVULTOrderbobCoinmeLightningXchangeByteFederalBTC facil
Segmentation By Type:1-way Model2-way ModelBy Application:Shopping MallGas Station
Segmentation By Regions/Countries:
North AmericaUnited StatesCanadaMexicoEast AsiaChinaJapanSouth KoreaEuropeGermanyUnited KingdomFranceItalySouth AsiaIndiaSoutheast AsiaIndonesiaThailandSingaporeMiddle EastTurkeySaudi ArabiaIranAfricaNigeriaSouth AfricaOceaniaAustraliaSouth America
Points Covered in The Report:> The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.> The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.> The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.> Data and information by market player, by region, by type, by application etc, and custom research can be added according to specific requirements.> The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Get more insights on the report: https://marketsquareinsights.com/bitcoin-and-cryptocurrency-atms/?query=buy_now
Find Us:Miss. Akshita JainMarket Square InsightsNew Sangavi, Pune-61Phone:IND: +91 9405802422USA: +1 315 557 6479Email:sales@marketsquareinsights.com
About UsMarket Square Insights is a market research and consulting firm.At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.
This release was published on openPR.
Crypto News: What is happening in the World of Cryptocurrency … – Forbes
The catastrophic meltdown of crypto titans FTX and Alameda Research has rocked the cryptocurrency world over the past fortnight. The rumour that the pair had blurred the lines between user deposits and their investments soon became a cascade of events that sent shockwaves through the industry. Bitcoin and other cryptocurrencies have been sent into a downward spiral following the implosion, earning November 2022 a place in the history books as one of the worst months in cryptos history.
But, what really caused the downfall of FTX, what has the impact been and why is Bitcoin falling?
The final quarter of 2021 proved to be the beginning of what has turned out to be a savage downtrend for Bitcoin and crypto markets ever since. Despite reaching an eye-watering US$69,000 almost precisely one year ago, Bitcoin sits nearly 75% down from its record high. The entire cryptocurrency market peaked at a total value of $US3 trillion at around the same time in November of last year but has shed almost $US2.2 billion in value over the past year.
2022 has proven to be a challenging year for investors globally, with both Russias invasion of Ukraine and massive fiscal stimulus by governments during Covid-19 lockdowns, causing high inflation for countries worldwide. To drive down the inflation rate to acceptable levels, central banks have raised interest rates, negatively impacting investment markets, such as stocks and crypto.
Since the start of the year, cryptocurrencies across the board have generally trended downward in value, exposing vulnerabilities for some players in the industry. The Terra Luna collapse in May caused significant fallout for the entire crypto space, wiping out almost $US60 billion from the crypto markets in a matter of days. Numerous companies were directly affected; most notably, Celsius, Voyager and 3 Arrows Capital filed for bankruptcy following the incident.
By October, the crypto markets had finally begun to shake the dust off from the Terra collapse, and the space seemed to be moving in a positive direction. However, on November 2nd 2022, CoinDesk ended the brief moment of tranquillity by revealing that giants FTX and Alameda Research appeared to have put themselves in a risky position. A cascade of events soon followed, creating mass hysteria in the world of crypto and tanking the price of Bitcoin as investors panic-sold their assets to rescue any money they had left.
Sam Bankman-Fried, more commonly known as SBF, is a crypto mogul known for founding exchange giant FTX and quantitative trading firm, Alameda Research. CoinDesk revealed that while Alameda Research and FTX were supposedly separate companies, the balance sheets of these companies had become intertwined. The holdings of Alameda Research were dominated by FTXs token, denoted by the ticker symbol FTT.
Several days after this information surfaced, a rival exchange and investor in FTX, Binance, announced they would sell all remaining FTT holdings, amounting to $US580 million. Naturally, the price of the FTT token plummeted following the news. This price drop caused immediate panic among FTX users, and a bank run on the exchange ensued. After only $US4.5 billion in crypto assets had been removed from the FTX platform, withdrawals stopped being processed without warning.
This situation left $US10 billion of user funds trapped on the exchange, potentially affecting millions of users. Fearing the worst, some affected crypto investors began selling whatever assets they had remaining to get out of the market, causing a rapid fall in Bitcoin and cryptocurrencies across the board. Rival exchange Binance briefly stepped in, offering to buy out FTX and fulfil their liabilities; however, after less than a day of due diligence, they announced the issues were beyond their ability to help.
After this, Chinese crypto-mogul and founder of TRON, Justin Sun, offered to back any FTX deposits of TRON-based tokens. Seeing a way out, users instantly flocked to buy the Sun-backed tokens and withdraw, pushing the price up on the platform by almost 50 times the original. Of course, when withdrawn, this meant taking an immediate loss of up to 99%. Many FTX users decided that taking this loss was better than leaving assets on the exchange.
FTX has since filed for bankruptcy, both in Australia and overseas, suffered an alleged hack for almost $US1 billion in user funds, and is now being investigated by the Bahamian Government for criminal misconduct. Quite the downfall indeed.
The collapse of SBFs empire has widespread consequences for the crypto industry. FTX and Alameda Research were seen as industry powerhouses and had investments or liabilities with many companies in the space. Other companies affected by the FTX collapse have already started coming forward, pausing user withdrawals from the platform while they determine the extent of the damage.
Aside from the direct impact of FTXs dealings with other companies, there has also been a degree of mass hysteria and panic. Some crypto investors have all but lost faith in centralised platforms and exchanges, and are frantically withdrawing every penny they can from their accounts. Massive outflows from exchanges show the extent of this loss of trust, with over $US3.7 billion worth of Bitcoin being removed from exchanges, along with billions of dollars in other currencies.
Some users may have been so shaken by the disaster that they may decide to sell their assets and leave the crypto space entirely. The plunge in prices across many crypto assets suggests this could be a distinct possibility and could be one of the reasons why Bitcoin is falling. However, despite the negative impacts of the past week, there are some positive takeaways.
A key takeaway will be the need for improved regulation for centralised crypto exchanges to ensure the proper management of users funds. SBF was presenting the case to regulators that proposed a light touch, benefitting FTX and most severely affecting rivals and decentralised financial applications.
Another critical realisation for crypto investors is that centralised platforms are not necessarily the safest places to store crypto: those who chose to keep their crypto assets in their wallets were unaffected by the past weeks events and still have access to their cryptocurrencies. Some may be so scarred by FTXs collapse that they opt for this storage method in the future. In any case, watch this space.
This article is not an endorsement of any particular cryptocurrency, broker or exchange nor does it constitute a recommendation of cryptocurrency as an investment class.
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Crypto News: What is happening in the World of Cryptocurrency ... - Forbes