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Cryptocurrencies took center stage in 2021 as the market went through a massive bull run where the price for bitcoin skyrocketed to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit. This attracted a lot of attention even from institutional players and large, publicly-listed companies. The elephant in the room is obviously Tesla. Elon Musk’s electric car maker announced that it had bought $1.5 billion worth of BTC back in January and even...

CryptoPotato had the opportunity to host a discussion with Lennix Lai – the Financial Markets Director at OKEx. Established in 2017, OKEx is one of the leading cryptocurrency exchanges in the world by means of trading volume and is also a big player in China. We took the opportunity to discuss, first hand, what’s currently going on in the market from both a retail and institutional perspective, as well as what’s actually happening in China. [embedded content] $60K Bitcoin In...

The trading volumes remained low during the weekend once again, but bitcoin jumped by more than $1,000 in a day to a high of around $34,700. The alternative coins have also bounced off and reclaimed some ground, with BNB exceeding $330 and XRP spiking by 5%. Bitcoin Tops $34K Despite Minimal Volume The scenario in the past two weekends was quite similar, and we didn’t see much going on. As a result, the trading volume reached multi-month lows, according to data from...

Binance, the world’s largest cryptocurrency exchange by trading volume for recent years, has faced lots of scrutiny from various watchdogs lately. Keeping in mind that it’s one of the most important companies in the crypto industry, as of today, it’s worth exploring what could be the impact of this threat for the entire industry, or whether it’s just a temporary FUD. The Growing List of Regulators After Binance Founded in 2017 following a successful $15-million ICO, Binance...

Bitcoin’s calm weekend continues as the asset has stalled in a tight range between $33,000 and $34,000. Most alternative coins are performing similarly with minor moves in either direction. Bitcoin Stalls at $33.5K Bitcoin tested $35,000 during the workweek but failed to breach it, and the bears pushed it down south. In a matter of days, the cryptocurrency fell by nearly $3,000, resulting in a two-week bottom of just over $32,000. Nevertheless, the trajectory reversed shortly...

Containing numerous Ethereum Improvement Proposals (EIPs), including the vital 1559 and 3554, it’s worth exploring the key features of the upcoming London hard fork and how it could change the Ethereum network. Although it was initially scheduled to take place in July, a more recent statement from an Ethereum developer asserted that the London hard fork will occur on August 4th, 2021. Why Does the Ethereum Blockchain Need Improvements? Launched in 2015, the Ethereum network’s...

Bitcoin has bounced off from the recent lows and added about $2,000 at one point, but the trading volume still remains relatively low. The alternative coins are untypically stable since yesterday. However, there’re a few exceptions, including an impressive surge by EOS following a significant announcement from Bullish. Bitcoin Took a Swing at $34K The past several days didn’t go well for the primary cryptocurrency. The asset was trying to break above $35,000 on Wednesday, but...

Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around $33,500, which is more or less exactly where it was last Friday. It started pushing forward over the past weekend, but the advance was halted on Monday, at around...

Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong in the past few days. There were concerns that history is to repeat itself and the asset could lose traction during the weekend as it did in...

Balancer is one of the pioneers in the DeFi space and a core building block of its infrastructure. The protocol allows for efficient trading by pooling crowdsourced liquidity from investor portfolios while also identifying the best available price. Data from Token Terminal reveals the growth of the platform in terms of total value locked over the past year. Balancer Chart. Source: Token Terminal Before the most recent market-wide slump, which took place in May, Balancer had...