Trading volumes on crypto exchanges are growing thanks to applications for crypto-ETFs

Cryptocurrency NewsBy 29/06/2023

Over the past week, the volume of trading on centralized cryptocurrency exchanges has increased significantly. Analysts attribute this to BlackRock’s bid for a spot crypto ETF. Average trading volume on CeFi rose from $11 billion on May 26 to $19.5 billion on June 26. However, trading volumes are well below record levels — in 2021, during Bitcoin’s bull cycle, the figure exceeded $150 billion per day. “We believe that the surge in trading volume over…

Bathhouse uses mining rigs to heat water

Cryptocurrency NewsBy 27/06/2023

The Bathhouse, located in Brooklyn, New York, told its Instagram followers that it uses mining rigs to heat water. “Fun fact! Did you know that our pools are heated by waste energy from bitcoin mining?” Bathhouse wrote on the social network. Bathhouse has bitcoin mining rigs that generate heat as a by-product. The post describes how heat is collected and used to heat pools through a circulating system. The opinions of subscribers were divided. Some…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 25/06/2023

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Ava Labs announces the launch of an AI chatbot

Cryptocurrency NewsBy 22/06/2023

Ava Labs, the developer of the Avalanche blockchain, announced the integration of the AvaGPT artificial intelligence chatbot on its Core platform. The task of the bot is to provide platform developers with the necessary information and access to the source data. “AvaGPT does two things: quickly responds to common user questions and also allows them to access our support team. This was done to help answer questions faster and get to the source material right…

Hedging, Scalping & News Trading – What Are They?

Cryptocurrency NewsBy 21/06/2023

Hedging, Scalping & News Trading – What Are They? These are commonly known strategies across the Forex and CFD trading markets, but what exactly are they? Here is a light guide for beginners who are interested in learning more about these trading techniques as well as, a brief introduction to technical and fundamental analysis. 1. Hedging To hedge, in trading, is to take an inverse position in an asset or trade that…

European Parliament postpones promulgation of digital euro bill

Cryptocurrency NewsBy 21/06/2023

The European Parliament has postponed the publication of the final version of the bill on the digital currency of the European Union. According to CoinDesk journalists, the European Commission is considering options to increase the availability of the digital euro to the general public, for example, as an option for retail payments. “In the euro area, the creation of a retail CBDC is necessary to supplement cash and adapt official forms of currency to technological…

Binance Group left the UK

Cryptocurrency NewsBy 19/06/2023

Binance Group has filed an application with the UK Financial Conduct Authority (FCA) to revoke the registration of its subsidiary Binance Markets Limited (BML). The application was approved by the regulator. According to Ilir Laro, Binance Country Manager for Development in the UK and Europe, the deregistration of Binance Markets did not affect the operations of the Binance Group in any way, since the subsidiary did not conduct any activities. “BML was acquired by Binance…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 17/06/2023

Memcoin PEPE delisted from Binance Flexible Loan

Cryptocurrency NewsBy 16/06/2023

The Binance Flexible Loan Platform announces that the delisting of the PEPE Memtoken will take place on June 21st. On that date, the exchange will forcibly close all outstanding lending positions. Binance has officially notified users of the Flexible Loan lending platform that Pepecoin will be delisted in five days at 08:00 UTC sharp and strongly recommended that they pay off their loan orders before the specified date. The platform team has warned that users…

American politician Shannon Bray: “I intend to buy more SHIB coins”

Cryptocurrency NewsBy 15/06/2023

The North Carolina gubernatorial candidate expressed support for the SHIB memetic crypto asset, declaring his intention to buy a lot of coins. Amid the turbulence of the crypto market, American politician Shannon Bray tweeted his enthusiasm for SHIB. It all started when an influential member of the Shiba Inu community, using the pseudonym SHIB KNIGHT, asked subscribers what meme cryptocurrencies they were buying in 2023. Bray replied in the comments that he was going to…

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