Bitcoin’s $20K support looks weak, but pro traders are neutrally positioned
New data shows how pro traders are positioned as BTC price continues to encounter resistance at $21,000. Go to Source Powered by WPeMatico
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Bitcoin fails to break the $21K support, but bears remain shy
BTC futures and stablecoin margin data shows a lack of appetite from buyers even as Bitcoin gained 7.5% in a week. Go to Source Powered by WPeMatico
Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market. Lin’s Arrest in 2020 a Key Event for the Huobi Founder The … Read more
Crypto Exchange Okx Blocked by Russia’s Telecom Watchdog
Russian media and communications regulator, Roskomnadzor, has restricted access to the website of a major cryptocurrency exchange, Okx. The trading platform was one of those that did not restrict access for Russians amid sanctions that affected the industry’s business in Russia. Okx Blacklisted on Request From Russian Prosecutor’s Office for Disseminating Banned Information Russia’s Federal … Read more
Bitcoin derivatives data reflects traders’ belief that $20K will become support
Declining interest in margin shorts and a balanced risk perception in options markets highlight a possible path to $21,500 for BTC price. Go to Source Powered by WPeMatico
F1’s Daniel Ricciardo cruises into crypto at Token2049
Formula 1 driver Daniel Ricciardo cruises into crypto as OKX performs a first-ever livery takeover of McLaren’s racing cars ahead of the Singapore and Japanese Grand Prix. Go to Source Powered by WPeMatico
3 major mistakes to avoid when trading cryptocurrency futures markets
Crypto traders love to “ape” and make “degen” investments using high leverage in futures markets, but most traders fall victim to these three key mistakes. Go to Source Powered by WPeMatico
Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees
Should traders expect further downside after BTC failed to hold above $25,000? Go to Source Powered by WPeMatico
Study: Number of People Working in Blockchain Industry Went up by 76%, Large Gap in Demand for Technical Talent Exists
The number of people working in the blockchain industry went up by 76% year-on-year as of June 2022, a study undertaken by the professional networking platform Linkedin and the crypto trading app OKX has found. The study also found there is “a large gap in demand for technical talent in the global blockchain talent pool.” … Read more
Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE
The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. OKX Allowed to Extend Certain Exchange … Read more
