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Trading
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report.While it represented a growth of 16% year-over-year, it accounted for only 2% of global…
Binance applies LUNC tax burn to trades including past transactions
Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades.The announcement stated:“Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs…
Coinbase denies The Wall Street Journal’s proprietary trading allegations
Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading.
The exchange said Sept. 22 that the WSJ had confused its client-driven activities with proprietary trading.
Proprietary trading allegation…
Largest Indian exchange WazirX to delist USDC spot pairs, Sept. 26
India’s largest crypto exchange WazirX has announced that it’ll stop supporting USDC, USDP, and TUSD on Sept. 26 to “enhance liquidity and capital efficiency.”
According to the announcement, the exchange will continue to support withdrawals…
Crypto trader exploits GMX, manipulates AVAX price to remove $565K
A crypto trader on GMX exchange leveraged the zero slippage feature to extract over $565,000 in profit by manipulating the price of the AVAX token.
GMX is a decentralized exchange that allows users to execute trades at zero slippage.…
Op-ed: Zoom out
The following content contains references to suicide.Today, Sept. 10, is international suicide prevention day. Each year over 700,000 people per year die from suicide around the world. The official number of how many are crypto or trading…
Bitcoin Risk Signal suggests further downside in coming weeks
Bitcoin has rallied back to retest the $21,000 resistance but the Bitcoin Risk Signal, provided by Glassnode and Swissblock technologies, hit a yearly high on Sept. 5 and is still at 87 out of 100 following today’s pump.The Bitcoin risk…
Bitcoin retests $21K as it takes back ground from Ethereum ahead of The Merge
Bitcoin is up 10.3% on the day following an overnight rally taking it back over $20,000 and testing the $21,000 resistance.Interestingly, the ETH-BTC chart shows that Ethereum gave up its recent gains against Bitcoin — falling 4% on the…
Binance will not apply Terra Classic tax burn to spot trade on exchange
Binance has announced that it will not support the $LUNC tax burn to spot or margin trades made on its exchange. Luna Classic governance proposals 3568 and 4159 were passed to add a 1.2% tax to all on-chain transactions at a block height…
Bitcoin’s realized price shows a bottom could be forming
Determining a market bottom requires looking at various different sets of data. However, when it comes to Bitcoin, there are two frequently used on-chain metrics that have historically acted as solid indicators of its price bottom —…