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Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

Decentralized exchanges have been growing at breakneck speed, with volume surging to nearly $40 billion for January 2021 — the highest level ever reported. Just a year ago, DEX-based trading was almost non-existent, data from The Block indicates. In January 2020, a mere $600 million traded across DEXs. And DEX projects that raised tens of …

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Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.  The move comes ahead of the firm’s much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to …

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Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. …

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Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether

Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour …

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Bitcoin Miner Bit Digital Passes $1B Market Cap

Bitcoin Miner Bit Digital Passes $1B Market Cap

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Billionaire hedge funder Alan Howard is backing a little-known fund that’s buying bitcoin and ether: report

Bitcoin’s market capitalization is nearly 7% that of gold, according to one estimate

Bitcoin’s price jump has inched its market capitalization closer to that of gold — some 6.8% as of January 8, according to data collected by The Block Research. To be sure, the best-guess market cap of all mined gold — an estimated $10.6 trillion, per Gold.org (GoldHub) — dwarfs the market capitalization of bitcoin, which …

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Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET). Gaining 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $25,759- $27,447 (CoinDesk 20) BTC very near its 10-hour and …

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Bitstamp to halt trading of XRP for US customers

Crypto market maker B2C2 halts XRP trading with US counterparties

In the wake of the Securities and Exchange Commission’s lawsuit against Ripple, crypto market-making firm B2C2 halted the trading of XRP with U.S.-based counterparties on Thursday, a representative of the firm confirmed to The Block.  As one of the largest market-making firms in the crypto market, B2C2 operates in the U.S. through B2C2 USA. The …

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How is the accumulation in Chainlink's market holding up?

How is the accumulation in Chainlink’s market holding up?

The market is hot with cryptos’ prices going through the roof, with hardly any altcoins having a very rough time in the market recently. Chainlink’s native token, LINK, has also boomed with growth, despite its inconsistencies. In fact, LINK was returning 667% to its investors year-to-date. Although the price of the digital asset seemed to …

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