Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges.
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Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges.
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Analysts predict Ether may soon hit a new all-time high after ETH reserves on centralized exchanges fell by 27% in two days.
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A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed exchange rate of $1:380 is robbing recipients 20-30% of their remittance value each time they […]
The post Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate appeared first on Bitcoin News.
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The Bitcoin ecosystem continues to be dominated by a handful of platforms and companies.
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Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX operators also insist that it is very unlikely the DEXs’ liquidity would surpass their own liquidity in 2 years’ time. […]
The post Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration appeared first on Bitcoin News.
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The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]
The post Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197% appeared first on Bitcoin News.
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Governments are injecting record levels of new money into economies to contain the impact of shutdowns. Restrictions imposed on people in countries all over the world have forced many to look for alternative but safe ways of transacting. This is one reason why blind escrow bitcoin cash trading is increasing: it is not burdening users […]
The post New Demand for Cryptocurrencies: Trading on Bitcoin Cash KYC-Free Exchange With Blind Escrow appeared first on Bitcoin News.
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On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto […]
The post Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges appeared first on Bitcoin News.
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In today’s edition of Bitcoin in Brief we cover how Bitmain’s valuation reached $12 billion, the opening of a new US-based crypto exchange, and Binance’s decision to donate $1 million to flood victims in Japan. Additionally, we explore what parts of the current crypto ecosystem Vitalik Buterin hates. Also Read: Youtube Dragged Into Bitconnect Class […]
The post The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business appeared first on Bitcoin News.
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