The FTX collapse shook up the crypto market, and billions of dollars are currently locked up in the now-defunct crypto exchange. On top of that, FTX was such a big player that the contagion spread to other crypto players, including several trading powerhouses, popular DeFi protocols, and decentralized exchanges. Trust in the crypto ecosystem is at its lowest level. Investors are withdrawing funds from major centralized exchanges while the sales of cold wallets are up. Despite an overall gloomy mood in crypto space, one form of crypto investment remains at the height of popularity, and this is staking. Staking is …

Bitcoin (BTC) exchanges may have just seen the largest exodus of user funds ever, data suggests. Data from on-chain analytics firm Glassnode shows that on Nov. 23, major exchanges were down almost 179,000 BTC in monthly withdrawals. Major exchanges see record BTC withdrawals With FTX contagion still in the air, exchange users have been busy withdrawing funds to noncustodial wallets. As Cointelegraph reported, $3 billion worth of cryptocurrency left major platforms in the immediate aftermath of FTX imploding. That trend is ongoing, Glassnode shows, with its data capturing the largest-ever decrease in exchange BTC reserves for the 30 days to …

A crypto wallet belonging to the shutdown crypto exchange BTC-e has just moved 10,000 Bitcoin (BTC), currently worth over $165 million, to various exchanges, personal wallets, and other sources on Nov. 23. A Nov. 23 Chainalysis report suggested while this withdrawal is the largest made by BTC-e since April 2018, BTC-e and WEX — an exchange which is thought to be BTC-e’s successor — both sent small amounts of BTC to Russian electronic payments service Webmoney on Oct. 26 before making a test payment on Nov. 11, then transferring out a further 100 BTC on Nov. 21. Of the total …

During the frenzied bull run, transaction fees were running rampant. Over on the Ethereum blockchain, they hit eye-watering highs of $196.638 back in May — rendering the network unusable for most everyday consumers. The Bitcoin blockchain suffered from a similar issue the year before, accelerating to a record-breaking $300.331. When demand is high, it's easy for Proof-of-Work networks to get congested — prompting miners to prioritize the transactions with the highest fees. Here's the problem: high fees undercut one of crypto's most potent use cases — a decentralized way of offering peer-to-peer transfers. If sending funds from A to B …

The cryptocurrency industry has grown at a staggering pace. There are now almost 21,000 different coins in existence, across a variety of subsectors. From metaverses to decentralized finance, investors are spoiled for choice. But a burning question, especially among crypto skeptics, is this: Are there too many cryptocurrencies? We've repeatedly seen how new altcoins can be created in the blink of an eye. Tokens popped up hours after Will Smith slapped Chris Rock at the Oscars — pumping and dumping on low liquidity. And following the death of Queen Elizabeth, the markets were flooded by a flurry of "memecoins" bearing …

An advanced Bitcoin exchange says it offers the fastest API on the market — paving the way for enhanced and automated crypto trading. HitBTC says its offering is geared towards professional traders who want to stay on top of the latest market fluctuations even while they sleep. APIs ensure transactions can take place 24 hours a day, seven days a week — fitting given how the crypto industry never stops. Not only can this allow professionals to take a much-needed break away from their screens, but it gives them a chance to power their energy into other activities. HitBTC told …

Crypto trading platforms show initial signs of support for the revival of the collapsed Terra network by listing its brand-new token, also named LUNA. The HitBTC exchange took to Twitter on Wednesday to announce that the new Terra chain’s token will be available on its platform on May 27. The news comes amid Terraform Labs preparing to relaunch its protocol on Friday and replace the old chain, now referred to as Terra Classic, with the new chain, called Terra or Terra 2.0. The new chain will not be a fork, as it will be created from the genesis block and …

What features/functionality are available in modern trading tools? New tools, including strategy packages, market scanning algorithms and other sell features, help automate an investor’s strategy. The HitBTC exchange and a crypto portfolio management tool Cryptohopper have partnered up in developing a solution that uses bots to help investors overcome emotional trading. Cryptohopper leverages their Marketplace Signalers option to help users by following the lead of experienced traders. Currently, this solution uses insights from 55 professional traders, each of which is available for an investor to choose to copy. After making their selection, the bot can manage their portfolio automatically. As …

Being a trader, even a very experienced one, is not an easy job, especially in the crypto industry. The stress of making decisions under pressure and in a very short period of time takes a toll on you. This is when trading tools and charts come in handy. TradingView, an online data platform, is a very popular and useful tool for traders. They use it to track prices and analyze stocks, bonds, indices, cryptocurrencies, and other assets. Novice traders can use TradingView’s insights from experienced traders to make better trading decisions. For experienced users, the platform can become an essential …

A crypto app has warned that Bitcoin is facing a liquidity crisis — and the lack of supply on the open market could have ramifications for buyers and sellers alike. According to SwissBorg, the amount of Bitcoin held in exchanges’ wallets has decreased markedly in recent months. This has resulted in a number of major trading platforms suffering outages — with some forced to impose temporary limits on buy orders. Whereas many crypto apps rely solely on one exchange, SwissBorg is connected to four leading platforms: Binance, Kraken, HitBTC and LMAX. The company says this means there is a much …

How is this changing cryptocurrency? Many believe that lower latency should make markets more efficient, but others worry HFT gives certain players too much of an edge. Lower latencies will most likely help to shape the cryptocurrency markets moving forward, but not everyone can agree whether this is good progress. Many assert that faster speeds only serve to make price discovery in markets more efficient. In theory, improved speed of trades and increased competition should make markets hone in on the “real” price of an asset faster than ever before. It’s true that this can lead to some intense volatility …

As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments. Not to be left out, blockchain projects everywhere have rallied together to supply computing power and money in a concerted effort to accelerate research. What it takes to fight this virus It shouldn’t be surprising to hear that researching treatments, tending to patients and supplying resources are all expensive work. With the added burden of a global pandemic that is threatening the economy, supply chains and the workforce, donating extra resources …