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Binance is hemorrhaging market share as lawsuits and regulatory crackdowns undermine its ability to retain and attract business, according to research by The Block. The world’s largest cryptocurrency exchange’s  market share among exchanges that do not support USD has decreased from 74% in December 2022 to 50% this month, according to data compiled by The Block. Binance's marketshare continues to decline amid rally https://t.co/RpWMXBjn00 — The Block (@TheBlock__) October 28, 2023 Binance’s market share has fallen even after the crypto market experienced one of the most bullish fortnights since March 2022. The “pullback among traders from Binance was particularly evident on October 23,” The Block said, when Bitcoin soared 14% to trade above $34,000 while the exchange’s market share “virtually dropped to zero.” Source : The Block Data In contrast, other exchanges have seen their market shares increasing. Upbit’s ma...

A new report indicated Bitcoin ETFs could release $600 billion in new demand — double Bitcoin's current market cap. Here's some math behind the estimates. A United States appellate court directed the Securities and Exchange Commission (SEC) in August to reassess its denial of Grayscale's application for a Bitcoin exchange traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the crypto currency market. ETFs provide investors with a regulated way to gain exposure to different asset classes, including Bitcoin (BTC). The approval of a Bitcoin ETF could democratize investment in the crypto currency sector, drawing parallels to how the iShares MSCI Brazil ETF and the VanEck Brazil Small-Cap ETF have democratized investing in the Brazilian market. Despite some hurdles, market analysts anticipate potential Bitcoin ETF approval by early 2024. A Bitcoin ETF could unlock an estimated $600 billion i...

CoinFLEX, a platform for cryptocurrency investments, is pressing forward with its goal to retrieve $84 million in money by initiating arbitration proceedings against an individual account holder in Hong Kong. In their announcement made on Saturday, co-founders Sudhu Arumugam and Mark Lamb admitted that the ruling would enable access to the individual’s assets located anywhere in the globe, and that their attorneys were quite sure that they could enforce the award. Buy the Dip Now Your capital is at risk. Taking a Step in the Right Direction The team at CoinFLEX has started the arbitration process at HKIAC in order to collect these 84 million dollars since the individual in question was under a legal responsibility to pay according to the agreement but had refused to do so. The company, on the other hand, pointed out that the procedure in Hong Kong may take up to a year to complete. After then, the company will be able to enforce that judgment against all of his asset...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry was hit by out flows for a fourth consecutive week amid pessimism over regulatory woes and a strong dollar, CoinShares said. Out flows reached $59 million last week, bringing total out flows over the four-week period to $294 million, representing 0.9% of total assets under management, according to CoinShares’ latest Digital Asset Fund Flows Weekly Report. Crypto Outflows Show Negative Sentiment Among Institutions Bitcoin suffered the most out flows of $69 million last week. Investors anticipate BTC’s price to drop further as short-Bitcoin in flows hit $15 million. It was the largest single week of in flows since March 2023. In flows were reported in short investment products, indicating negative sentiment towards digital assets. Trading volumes also plunged by 73% compared to the previous week to $754 million. Ethereum’s outflows during the week totaled $4.8 mi...

Jupiter Project, an open-source software firm making blockchain accessible to everyone, has successfully launched its non -fungible token (NFTs) collection on ARC’s new NFT marketplace. In a July 25 press release, Jupiter Project confirmed the successful launch of its non -fungible token (NFT) collection dubbed “JUP Apes” on the recently launched ARC($ARC) NFT marketplace. Jupiter has teamed up with ARC blockchain to launch the NFT project. JUP Apes NFTs Explained The joint team will launch a series of NFT collections and giveaways, including 1,000,000 JUP, the utility and governance token for the Jupiter project, JUP Apes, Astro Punks, and Electric Fractal Timber Art. The NFT project will feature a limited edition of 900 JUP Apes on the ARK NFT marketplace. JUP Apes will be the official NFTs minted on the Jupiter Blockchain. These NFTs will give holders rights to control the governance of the JUP Ape project. While commenting about the NFT project, Steven G...

Join Our Telegram channel to stay up to date on breaking news coverage At the resistance level of $0.088009 , there is a very significant candlestick pattern that formed to mark the end of the downtrend and also the beginning of an uptrend for CRV/USD. This candlestick pattern is known as a bullish engulfing candlestick pattern . And this pattern formed between the 28th and the 29th of August. The market actions of the following day (the 30th) were, as expected, bullish, but later, the sellers took control of the market. However, later in the day, buyers regained strength, but they were not able to take control of yesterday’s market. In today&rsquo ;s market, buyers are in control and they are driving the price towards the $1.20000 resistance level .   Curve Market Price Statistic: CRV/USD price now: $1.160314 CRV/USD market cap: $   606,584,620 CRV/USD circulating supply:   525,358,965.42 CRV/USD total supply: 1,812,612,400 CRV/USD coin market...

Join Our Telegram channel to stay up to date on breaking news coverage In the past few days, there has been a consistent increase in the price of Lucky Block as investors take up positions for the biggest online contests platform on the market. After a number of important announcements made by CEO Scott Ryder have made their way across the space, the price of LBLOCK V2 has surged to around $0.0008, having been priced at $0.0005 just a few days before. This is a gain of approximately 60%. LBLOCK Is Going To Add 1% More To the Monthly Burn One of the most successful cryptocurrencies currently available, LBLOCK, will soon transform into a deflationary asset, as Ryder announced earlier this month. Beginning on September 30, 1% of the total supply of LBLOCK will be destroyed as part of the project on a monthly basis. This practice will begin. Ryder acknowledged that there has been a great deal of doubt around the project in a statement that he made available to holders on Telegra...

Join Our Telegram channel to stay up to date on breaking news coverage LEO/USD maintains a strong bearish market. Even recently the resulting price of the last candles appears very close to the lower limits as it moves towards the downside. At this point, traders need to know what could be expected next from this market. LEO Speculation Statistics Data: UNUS SED LEO’s current price : is $4.1420 UNUS SED LEO’S market cap : $3.90 billion LEO’s circulating supply : 953.95 million UNUS SED LEOs total supply: 985.24 million LEOs Coinmarketcap ranking: #22 Important Value Marks: Top Levels: $4.1420, $4.2216, $4.300 Bottom Levels: $4.1200, $4.1100, $4.0000 UNUS SED LEO Price Increase Looks Unlikely, Excitement Trails Tamadoge Listing on OKX Price candles on the LEO/USD  chart look stuck to the lower limit of the Bollinger indicator. And, this makes it look unready for a tangible price move. Here the lower band of the Bollinger band has been so much pu...

Join Our Telegram channel to stay up to date on breaking news coverage yPredict, a leading AI software company, has announced the beta launch of WriteMingle this week, its newest product focused on streamlining content creation and collaboration.  A leading provider of AI-powered analytics solutions, yPredict.ai is excited to announce this important new product launch as part of its major expansion plans beyond crypto analytics.  The WriteMingle Beta Testing Program is open now, but you must participate in the $YPRED token presale to be eligible.  Building on the success of its yPredict Analytics product, which is scheduled for release after the token ($YPRED) lists, the team has been hard at work developing state-of-the-art tools for various industries. WriteMingle is the second product to emerge from those efforts – the first being its Backlink Estimator , which uses AI to generate backlinks strategies.  WriteMingle provides smart content creation, plagiarism checking, an...