NFTs "could be as big or bigger" than cryptocurrency trading on the platform, said Coinbase CEO Brian Armstrong.
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The global crypto market cap jumped about 4 per cent to $2.85 trillion. However, the total crypto market volume was almost flat to $97.46 billion.
Crypto is driven by the fast money. Recently, the biggest bank in Australia has announced that it would offer crypto trading to its customers. Singaporean authorities have also talked positive about the cryptocurrency. Also Read - Shiba Inu Coin Price Surges To All-Time High, Cryptocurrency Bitcoin Drops. Here's Why
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In this eventuality, BTC could drop toward the 100 or 200 four-hour moving average. These demand zones sit at $59,000 and $52,000 respectively.
Some speculated the Chinese giant had missed its loan payments, however, Bloomberg reported it paid delayed interest on at least two loans to avoid a default.
Dogecoin, meanwhile, was trading up by less than one percent on the last 24 hours at $0.28 (£0.21) on Tuesday afternoon.
SAN SALVADOR, El Salvador (AP) — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning.
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New Delhi: Prices of the world’s most popular cryptocurrency Bitcoin and Ether have surged to new highs in Asia trade, according to a Reuters report. The more and more acceptance of cryptocurrency and apprehensions about inflation have bolstered the Bitcoin and Ethereum prices in the trading market, the Reuters report said.Also Read - Bitcoin vs Britcoin: Bank of England Reveals Launch Timeline of UK's Own Cryptocurrency
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Binance represents the collection of a huge number of customers all over the world. Naturally, this means that the Binance international exchange has a very large liquidity pool. As the world leader in centralized exchanges, Binance also has a world-leading liquidity pool. In May of 2021, the crypto exchange recorded a spot trading volume of $1.5 trillion.
Interestingly, the breakout was initiated right as a report from the United States Bureau of Labor Statistics (BLS) showed a sharp 6.2% annual rise in the Consumer Price Index (CPI), a figure that has hit its highest mark in 30 years.
After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.
Meanwhile, Ethereum also hit a record — rising to $4,837.59, according to CoinMarketCap.
Meanwhile, apart from regulatory attention, Binance is likely to get sued over a platform outage during a price crash on May 19. A Swiss crypto fund is financing litigation and a UK academic has made various allegations based on her research.