In the first few months of 2021, the crypto industry has attracted more than 800 billion in market capitalization, stemming from institutions, retail buyers, as well as funds. All of them buy Bitcoin in hopes of its future growth, and the trend seems to be stabilizing towards the upside.
Shortly after a Bloomberg report on Friday that cryptocurrency exchange Binance was under investigation for permitting US residents to place unlawful trades, Binance founder and CEO Changpeng Zhao (better known as CZ) dismissed the reports during a live AMA on Clubhouse, saying that the report had “no teeth.” Continue reading CZ responds to reports of Binance investigation: story has no “teeth”
HONG KONG, June 18, 2020 /PRNewswire/ — Crypto.com today announced it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API. The revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading. Continue reading Crypto.com Completes Key Exchange Infrastructure Upgrades
The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit. Continue reading Bitmex insurance fund tags ath binance and deribit inject millions
CoinMarketCap, the leading cryptocurrency data tracking services platform, recently rolled out a new metric, dubbed Liquidity. Its primary purpose is to provide the “real trading activity” of most of the cryptocurrencies and crypto exchanges in the industry. An early glimpse shows a lack of institutional investment, adding credibility to the belief that 99% of all cryptos are worthless. Continue reading The Cryptocurrency Market Suffers from Shockingly Low Levels of Liquidity