Crypto Guides, Knowledge & Insights

TradingView And Bitget Collaborate To Enable Crypto Derivatives Trading

Bitget, a well-known exchange for cryptocurrency derivatives and copy trading platform, has announced that it will work directly with TradingView, a well-known charting and trading platform. With this integration, users will be able to trade cryptocurrencies without leaving the TradingView interface. This will make Bitget more useful. So, traders can make better decisions and enjoy the best protection and security Bitget has to offer.　　TradingView is a full charting and trading platform that lets users use different tools to do both technical and fundamental analysis. Also, it has the largest social platform for investors, which lets traders talk to millions of other active traders around the world. With this integration, Bitget users can access a number of advanced analysis tools, such as charting tools, real-time market data, and technical indicators. They can also learn from TradingViews active community about new strategies that have been tried and tested by millions of traders.　　Also, Bitget users can now trade perpetual futures directly from the TradingView interface. This gives them more options and makes it easier for them to trade on the go. This integration speeds up the trading process and reduces risks significantly by making it easy to get up-to-date market information and help

2023-03-03Deep Dive

Robinhood's Wallet Can Now Be Used By IOS Customers Worldwide

Robinhood, the commission-free stock and cryptocurrency trading app, has formally released its self-custody wallet to all 1 million+ iOS customers in its queue. The Robinhood Wallet is now accessible in over 130 countries and can be purchased from the IOS App Store. Users can make up to 5 USDC after moving $10 of crypto from Robinhood Crypto or 1 USDC after depositing $10 from another wallet or exchange for a limited period.　　According to Johann Kerbrat, CEO of Robinhood Crypto, the comments for Robinhood Wallet have been highly favorable since the test debut. Customers have praised the apps accessibility and ease of use, as well as the ability to self-custody their digital assets and exchange them with no network costs on Polygon. Robinhood rapidly introduced Ethereum support, realizing that customers want more currencies on more networks. Despite the turbulent few months in the crypto sector, Robinhood stays dedicated to its goal of becoming the most trustworthy, low-cost, and simple-to-use on-ramp to crypto.Introducing Robinhood Wallet: The User-Friendly Web3 Wallet with Powerful Features　　Robinhood Wallet is a multi-chain, self-custody Web3 wallet that enables users to own and exchange cryptocurrency while also connecting to a variety of autonomous applications (dapps). To support the next wave

2023-03-03Deep Dive

U.S. Bankruptcy Judge Criticizes SEC's Vague Doubts on Crypto Lender Voyager Digital's Binance.US

A bankruptcy judge in the United States has slammed the Securities and Exchange Commission (SEC) for raising vague concerns about crypto lender Voyager Digitals proposed sale to Binance.US, claiming that the SEC had essentially asked to “stop everybody in their tracks” without explaining how to address its concerns.　　U.S. Bankruptcy Judge Michael Wiles made the comments during a court meeting in New York to examine Voyager Digitals restructuring plan, which would sell its assets and move its clients to crypto market Binance.US. The transfer, which Voyager rates at $1.3 billion based on current crypto prices, cannot complete until it receives final clearance from the SEC and the Committee on Foreign Investment in the United States (CFIUS), both of which have expressed reservations about the transaction.SEC Probes Voyagers Crypto Loans for Possible Illegal Stock Sales　　The Securities and Exchange Commission is presently examining whether Voyagers crypto loan operation involved the selling of illegal stocks. In court papers, Voyager has expressed worry that it cannot show that the Binance trade, or any other crypto transaction, conforms with US securities law.　　When Wiles pushed SEC counsel William Uptegrove on whether the Voyager transaction broke US stock rules, Uptegrove did not have a definitive response. “At this

2023-03-03Deep Dive

Will Ethereum Price Rise Or Fall After Shanghai Upgrade? New Data Reveals Answer

The Ethereum community is eagerly awaiting the highly anticipated Shanghai upgrade, which will mark the complete transition of the Ethereum blockchain to proof-of-stake (PoS). One of the key changes expected from the upgrade is the removal of staked Ethereum from the Beacon Chain, a development that validators are especially looking forward to. Despite this, many market participants anticipate that the upgrade could lead to a significant drop in the price of ETH.　　However, according to data from CryptoQuant, the selling pressure on ETH remains low even after the implementation of the Shanghai upgrade. This is despite the fact that there have been staking withdrawals following the upgrade. It appears that validators and stakers are still willing to stake their ETH, which could have a positive impact on the cryptocurrencys price going forward.　　There are two reasons that support the low selling pressure of Ethereum: first, most participants are currently experiencing losses, which discourages them from selling. Second, depositors in the largest Ethereum staking pool are also at a loss, which further reduces selling pressure.　　Based on Etherscan data, the total amount of ETH deposited in Ethereums Beacon Deposit Contract is 17.44 million, valued at approximately $28.7 billion, which represents nearly 14% of the

2023-03-02Deep Dive

Binance Applying Crypto Services License In Singapore, But There’s A Catch

Binance, the largest cryptocurrency exchange in the world, is aiming to re-establish itself in Singapores crypto hub. This follows its complete withdrawal from crypto trading operations in February 2020.　　Binances custody subsidiary, Ceffu, intends to apply for a Capital Markets Service license with the Monetary Authority of Singapore (MAS). The purpose of this application is to enable Ceffu to offer crypto custody services to corporate clients in Singapore. Recently, Binance Custody was rebranded to Ceffu, taking inspiration from Binances Secure Asset Fund for Users (SAFU).　　Athena Yu, the vice president of Ceffu, has commented on the increasing interest from institutional investors in Singapore. She stated that the citys reputation for innovation, good corporate governance, and a robust regulatory framework has made it an attractive destination for such investors to establish a presence.　　Binance had a significant presence in Singapore until it faced regulatory challenges from the Monetary Authority of Singapore (MAS), which led to the crypto exchange exiting the market. Binances license was not renewed by the MAS in 2021, as the crypto exchange did not comply with the regulators requirements. In response, Binance has made several changes to address the regulators directives. According to Jarek Jakubcek, the head of law enforcement training

2023-03-02Deep Dive

French Parliament Endorses Strict Licensing Requirements for Cryptocurrency

The French National Assembly has decided to tighten registration requirements for cryptocurrency service companies in the nation. The action is intended at matching French law with planned European Union (EU) regulations. The measure was already approved by the French Senate and has now been approved by the National Assembly with 60.5% of the ballots cast in support.　　Starting in October, cryptocurrency firms working in France would be required to acquire a complete license from the Autorité des Marchés Financiers (AMF), ending an amnesty period that permitted more than 60 crypto platforms to run without a full license until 2026. If passed, the new rule would force bitcoin companies to comply with new European-wide standards, allowing owners more time to adjust.　　Following the failure of the FTX exchange, the action is part of a larger attempt by French legislators to safeguard the banking system. The Markets in Crypto Assets Act, or MiCA, which contains a 12-18 month transition time to plan for the new rules, could go into force in complete as early as 2024. The EU-wide regulation structure will award crypto companies working across the region passporting rights. Some of the regulated crypto firms in France 　　The initial change, offered by moderate

2023-03-02Deep Dive

Kolon's Top Executive and Binance Collaborate to Create a Crypto Exchange in South Korea

Binance, the worlds biggest cryptocurrency trading platform, is said to be in talks with Lee Woong-yeol, the senior head of Kolon Group, a South Korean pharmaceutical and textile company, about launching a new virtual asset exchange in the nation. The market would be created in collaboration with other blockchain-native companies and would appeal to government and banking officials. This step is part of Binances intentions to return to the South Korean market after departing due to government pressure in 2021.Kolon Group and Binances Plans for the New Digital Asset Exchange　　Lee Woong-yeol is collaborating with other blockchain companies to create a new cryptocurrency exchange network in South Korea. This exchange would serve the countrys government and financial officials while also assisting in mitigating the dangers of money smuggling and market abuse. The South Korean government has imposed stringent restrictions on bitcoin companies, which went into force last year. Kolon Group, which has interests in South Korean markets such as Dunamu, wants to reach an income of $2.6 billion by 2025.The Return of Binance to South Korea　　Binance has been working hard to re-enter the South Korean market after leaving in 2021. As part of its recovery strategy, the exchange purchased a majority

2023-03-02Deep Dive

Challenging March for Bitcoin

Bitcoin closed out February with a slight increase of 0.9% to reach $23,200. As of writing, the cryptocurrency has continued to climb and is currently trading at $23.7K. Despite this positive start, historically, March has not been a favorable month for Bitcoin, having declined in eight of the last 12 years with an average decrease of about 15%, and an average gain of 16%.　　While the strong growth momentum in January and the renewed local highs in February suggest that the bulls are prevailing, the technical analysis on the weekly timeframe indicates that only a consolidation above $25K would further reinforce a bullish view of the market.　　According to Bernstein, the correlation between cryptocurrencies and the US stock market, as well as macroeconomic events, is becoming weaker during Bitcoins current period of stability, which is a positive sign for the cryptocurrencys bullish prospects.　　News background　　The Ethereum development team has finished implementing the Shanghai-Capella (Shapella) hard fork on the Sepolia test network. This update is expected to be implemented on the main Ethereum network as early as March, and it will enable the withdrawal of ETH from staked assets.　　According to Reuters, payment giants Visa and Mastercard have paused their plans for cryptocurrency integration after

2023-03-01Deep Dive

XRP Lawyer Predicts Win For Grayscale In Lawsuit Against US SEC

Grayscale Investments, a company that manages digital assets, is preparing for the oral arguments set to take place on March 7 in its lawsuit against the U.S. Securities and Exchange Commission (SEC). Meanwhile, an attorney who is representing XRP holders in the Ripple lawsuit has made a prediction regarding the outcome of the Grayscale vs. SEC case.　　XRP Lawsuit Bids For Grayscale　　According to Attorney John Deaton, who is serving as Amicus Curiae in the ongoing XRP lawsuit, Grayscale Investment is likely to prevail in its legal battle against the U.S. Securities and Exchange Commission (SEC). Deaton believes that the SEC has a poor track record in legal proceedings when facing opposition. Ripples Chief Legal Officer, Stuart Alderoty, also pointed out that the SEC has lost four out of its last five lawsuits in the countrys Supreme Court. However, Alderoty emphasized the necessity of having the courage and resources to continue battling the commission in court.　　Grayscale has filed an application with the US SEC to convert its main product, Grayscale Bitcoin Trust, into a spot Bitcoin ETF. As per the regulatory process, the application has entered a standard 240-day open review period. However, on June 29, 2022, the US regulatory agency denied

2023-03-01Deep Dive

VISA Remains Committed to Investing in Crypto Sector Despite Recent Failures

Despite recent industry disasters, Visa, the worlds biggest credit card business, stays dedicated to spending in the bitcoin field and backing its core technology. According to a representative, Visas crypto strategy and emphasis have not altered, and the company intends to continue spending on connecting both networks and technologies developing in the crypto environment. Visas aim is to act as a link between various networks and tools in the bitcoin world. Cuy Sheffield, Visas director of crypto, also verified that the company is still collaborating with crypto firms and that fiat-backed digital currencies operating on public blockchains have the ability to play a major role in the payments environment.Visa denies claims of ending crypto company partnerships, confirms blockchain technology dedication.　　According to Reuters, Visa is “slamming the breaks” on new collaborations with crypto-related companies, as the sector faces increased governmental inspection following the failure of the once-popular crypto market FTX. However, a Visa representative disputes these allegations, stating that the companys crypto strategy and emphasis have not changed as a result of the recent setbacks. Despite the industrys difficulties and ambiguity, Visa stays dedicated to the possible advantages of cryptocurrencies and the underpinning blockchain technology.　　Visas new collaboration with Wirex, a crypto

2023-03-01Deep Dive

...

135137

...

736