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Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

DIGIT — Tue, 28 Mar 2023 06:00:21 +0000

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the […]

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Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

DIGIT — Sun, 05 Feb 2023 17:00:49 +0000

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the […]

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Bitcoin Rise in First Month of 2023 Moves Crypto Fear Index From ‘Extreme Fear’ to ‘Greed’

DIGIT — Mon, 30 Jan 2023 18:30:05 +0000

Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating “extreme fear.” Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting “greed.” Crypto Fear Index Jumps to ‘Greed,’ Etoro Market Analyst […]

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Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

DIGIT — Sun, 01 Jan 2023 16:00:10 +0000

According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were approximately […]

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Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March

DIGIT — Fri, 27 Jul 2018 03:45:16 +0000

In recent news pertaining to cryptocurrency exchanges, Chicago Mercantile Exchange (CME) has revealed that trading volume on its bitcoin futures markets nearly doubled during Q2; lawyer Jake Chervinsky has predicted that the United States Securities and Exchange Commission (SEC) may postpone its determinations regarding Vaneck’s proposed bitcoin exchange-traded fund (ETF) until March 2019; and Bitmex […]

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