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Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges

Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over  Billion in BTC, ETH Removed From ExchangesDuring the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to the fiasco is the fact that cryptocurrency enthusiasts have removed large quantities of bitcoin and […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide

Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to SlideRoughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin’s “weak price-action through […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in CompanyAccording to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years

ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 YearsWhile the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years

Bitcoin Exchange Reserves Drop to Lowest Point in 3 YearsThe number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges. Since This Time Last Year, Large Sums […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With .2B AUMAs 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether. 13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 […]

Binance Labs rebrands, dives into AI as CZ returns as mentor

As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%

As the Crypto Economy Nears  Trillion, Top 10 Crypto Exchanges Hold Over 6B, More Than 7%The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, […]

Binance Labs rebrands, dives into AI as CZ returns as mentor