NFT News by Thebittimes.Com

Key takeaways Algotech’s decentralized algorithmic trading platform is set to appeal to the fast-paced world of cryptocurrency trading. The project is still in presale and has raised more than $3.2 million so far. Real-world asset (RWA) tokenization, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are some of the leading narratives in the cryptocurrency space at the moment. The last few months have seen several AI tokens record excellent gains. However, there hasn’t been much focus on AI in the cryptocurrency trading space. Algotech is embarking on this mission and intends to make a difference in the world of cryptocurrency trading with its technology. What is Algotech? Before we dig deeper into this project, we need to know what Algotech is.  Algotech is a cutting-edge decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading. The platform has advanced algorithms...

Binance abruptly halts AEUR trading. The euro-pegged stablecoin experienced an extraordinary 200% surge just one day after its listing. AEUR is supposedly backed by euro fiat assets. Binance has abruptly halted trading on the AEUR stablecoin , pegged to the euro, as its value soared over 200%. The unexpected surge on December 5 raised concerns, leading to a swift response from the exchange. This incident sheds light on the risks associated with stablecoin s, particularly those with lower market caps and liquidity. AEUR’s rollercoaster ride  The AEUR stablecoin, pegged to the euro at 1:1, witnessed an unprecedented surge of over 200% on Binance, just a day after its listing. Initially trading around $1.08, mirroring the prevailing EUR-USD rate, the token’s value skyrocketed to $3.25 at 17:45 UTC. Binance promptly suspended trading due to “abnormal volatility,” indicating concerns about the stability of the coin. #Binance ha...

The integration of web3 wallet s into mainstream trading platforms heralds a new era in digital finance, blending the realms of cefi and defi while also raising concerns about increased vulnerability to crypto fraud . According to Bitrace and WuBlockchain, the integration of web3 wallets into mainstream trading platforms like OKX and Binance signals a significant shift. This fusion of centralized finance and decentralized finance is reshaping user interaction with digital assets and decentralized applications. However, this transition is not without its pitfalls, particularly regarding fraud risks. Bitrace: Beware as Trading Platforms Launch Web3 Wallets, Intensifying Cryptocurrency Fraud Risks The launch of Web3 wallets by platforms like OKX and Binance signifies the integration of Centralized Finance (CeFi) and DeFi as an industry trend. However, while breaking down the… — Wu Blockchain (@WuBlockchain) November 28, 2023 You might also like: Report reveals reason ...

Crypto data analysis platform Kaiko has released a report identifying the reason for the latest Bitcoin (BTC) rally. According to analysts, Bitcoin’s rise to $35,000 is due to four different factors, including volume , implied volatility, market depth, and funding rates. Source: Kaiko Experts also note that a fundamental shift in the market structure is observed for the first time in the last six months . The analytics platform reported that while trading volume slowed and volatility dropped over the summer, that changed in the previous two weeks when a rumor surfaced about a fake endorsement of a BlackRock-linked Bitcoin spot ETF. You might also like: Bitcoin’s weekly surge could be driven by liquidity shortage  At the same time, the market is not worried about the decline in the price of BTC since it has reached its highest level since May 2022. Additionally, Bitcoin liquidity remained unchanged, although trading activity increased. Market participants...

Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the Special Administrative Region (SAR), will open Avalanche (AVAX) trading on its platform. However, there is a catch. According to the September 27 announcement, only professional investors, or individuals possessing an investment portfolio with a value exceeding 8 million Hong Kong dollars ($1 million), as defined by the SAR's Securities & Futures Commission (SFC), can trade AVAX on the Hashkey exchange. Currently, only Bitcoin (BTC), Ether (ETH), and Tether (USDT) are approved by the SFC for retail trading , with the remaining altcoins subject to professional investor restriction.  The SFC has placed significant restrictions on exchanges since regulated retail crypto trading began in Hong Kong in August. Unlike its global counterpart, Hashkey Hong Kong requir...

The probe into JPEX has resulted in the arrest of one person. The JPEX exchange has allegedly been operating in the country without a license. JPEX’s native token, JPC, has experienced a 21.98% decline in value over the past 24 hours following as the events unfold. Hong Kong’s crypto currency exchange , JPEX, has halted its trading operations in response to an investigation conducted by the Hong Kong Securities and Futures Commission (SFC). This inquiry resulted in the arrest of an individual affiliated with the exchange , as reported by local media. The SFC has asserted that JPEX, based in Hong Kong, had been conducting its operations without the necessary license, which prompted numerous complaints from users to law enforcement agencies. The JPEX comes as Hong Kong warns crypto firms against referring to themselves as “banks.” JPEX cites unfair treatment by Hong Kong authorities In a blog post, JPEX expressed dissatisfaction with...

ToolsGPT marries ByBit’s market data with ChatGPT’s AI to generate technical analysis, price data and trading metrics. Cryptocurrency exchange ByBit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT. OpenAI’s highly acclaimed large language model chatbot has been used by a myriad of industries to provide innovative solutions and services. The cryptocurrency trading space could stand to benefit from the service as ByBit unveils its own AI-powered offering to cryptocurrency traders using the Dubai-based exchange. ByBit’s ToolsGPT combines ChatGPT’s machine learning technology with the exchange’s market data to provide technical Analysis , price data and metrics. The integration also allows ToolsGPT to generate bespoke answers to traders’ inquiries. The exchange touts the new offering to provide insights and predictions to various cryptocurrency trading scenarios. ToolsGPT will be able to...

The US dollar index is encroaching on new year-to-date highs, but Bitcoin whale activity suggests this may be a dead cat bounce. As the summer season arrives, an unexpected heatwave is gripping financial markets This heat is coming in the form of the US Dollar (DXY) which has been on a remarkable uptrend since late April, reaching levels unseen since early March’s banking crisis when the dollar wrecking ball wreaked havoc on asset prices. This surge in the dollar has raised concerns among market participants due to its high inverse relationship with Bitcoin (BTC), a topic many macro and crypto analysts have discussed repeatedly in 2023. The implications of this inverse correlation means that when the dollar rises, BTC falls and vice versa. The chart below showing the year-to-date performances of DXY (blue line) and BTC (orange line) underscores this relationship a step further. Notice how, Bitcoin’s 2023’s performance has been propelled by a downward dollar. Not coincidentally, DXY re...

Arbitrum is making moves to become the hub of decentralized derivatives trading and DeFi activity within the layer-2 space. The total value locked (TVL) in DeFi applications on the Arbitrum, a layer-2 Ethereum network blockchain, has doubled since the start of 2023. While investors’ hope of an ARBI token airdrop is a major factor attracting activity to the Ethereum layer-1 network, the ecosystem’s DeFi growth is also showing robust growth.  Arbitrum has become a major hub for decentralized derivatives trading and offers high yields for crypto yield hunters, reminiscent of wild west DeFi days of 2020. GMX and Gains Network takeover decentralized derivatives trading GMX is the leading DApp on Aribitrum, which comprises 25% of the network’s total TVL. The perpetual swap trading platform pits traders and liquidity providers against one another. The liquidity providers own GLP tokens, an index of cryptocurrencies and stablecoins that act as trader counterparties. Meanwhile, stakers of GMX ...

Buying Bitcoin (BTC) in Australia can be done through crypto exchanges, ATMs and by trading with other parties. More and more people are discovering Bitcoin (BTC) and other cryptocurrencies, which is good for the adoption of digital money on the blockchain. Interest in Bitcoin is also growing in Australia and companies are responding positively. For example, there are various ways to buy Bitcoin in Australia. Trading Bitcoin is more than just buying and selling. So, what is the best place to buy Bitcoin and what is the most secure way to store a Bitcoin investment? Discover in this article different ways to buy Bitcoin in Australia, how to trade Bitcoin and the ways to store cryptocurrencies. Various ways to buy Bitcoin in Australia If you like to invest in BTC in Australia, there are several ways you can opt for. The most common way is by buying Bitcoin through a crypto exchange. By connecting a bank account, credit or debit card to the crypto exchange, it becomes easy to convert fi...

This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions. Binance US has announced that it has expanded its “zero fee price model” to Ether (ETH) effective immediately.  According to the announcement, users are now able to freely trade four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. Just in time for the holidays, the best #crypto platform for low fees just got even better.#BinanceUS is pleased to offer zero-fees when you buy #Ethereum or trade ETH/USD, ETH/USDT, ETH/BUSD & ETH/USDC, for all users with no trading volume requirements. — Binance.US (@BinanceUS) December 7, 2022 Effective immediately, the US exchange has also eliminated gas fees on all Ethereum transactions made through the “Buy & Sell” feature on its website.  In June, Binance US followed in the footsteps of Robinhood, which pioneered no-commission crypto trading in 2018, by removing all Bitcoin (BTC)spot market trading fees for ...

Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.  Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi's demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple's APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations." Following the event, several global regulators pledged to focus on developing greater crypto regulation. Unfortunately, there is no way to know when investors' sentiment will improve and trigge...