Cryptocurrency

Image by For instance, with Paybis, customers can buy and sell Bitcoin (BTC), the first cryptocurrency, the largest stablecoin U.S. Dollar Tether (USDT), top proof-of-stake coins Ethereum (ETH), Binance Coin (BNB) and Tronics (TRX), veteran Ripple-associated cryptocurrency XRP and its fork Stellar Lumens (XLM), proof-of-work heavyweights Litecoin (LTC) and Bitcoin Cash (BCH), and even the largest meme coin, Dogecoin (DOGE).All assets can be exchanged for major global currencies USD, EUR and GBP, as well as for plenty of large regional currencies from SEK to RON, to SAR and THB.The exchanges on the platform can be finalized in a matter of clicks. Users should choose the initial and target currency, payment instrument and initiate the exchange. When it comes to fiat, the platform supports wire transfers, credit/debit cards, as well as digital payments systems Skrill, Astropay, Giropay and Neteller.For maximum transparency and security, the system demonstrates all the details of the upcoming exchange before it is confirmed: estimated fee, approval rate, speed and so on. The exchange seamlessly supports Google (NASDAQ:GOOGL) Pay and Apple (NASDAQ:AAPL) Pay, the two largest smartphone-centric payment systems. Paybis delivers its services in 180 countries and regions across the world, which arguably makes it the most regulatory-compliant crypto-to-fiat exchange.Besides exchanging cryptocurrency, Paybis can act as a secure and convenient cryptocurrency storage service (on-chain wallet). It supports multiple cryptocurrencies and allows customers to easily manage their funds: to switch between various cryptos, check out the portfolio instantly and so on. Paybis’ support team is online 24/7 and is always ready to help newbies and pro traders.Besides private clients, Paybis delivers its services to institutions. Its white-label solution is for fiat on- and off-ramps. Paybis clients can seamlessly integrate crypto gateways and start accepting crypto via their websites.For mobile applications, Paybis created MobSDK, a powerful software development kit.In general, Paybis managed to build a feature-rich holistic crypto-to-fiat exchange ecosystem for B2B- and B2C-centric use cases. It significantly streamlines the value transfer between Web2 and Web3 segments and advances cryptocurrency experience for traders in various regions of the world. Paybis is deeply integrated with both fiat and crypto spheres and achieved a notable level of regulatory compliance.This article was originally published on U.Today More

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Launched by ICE and Blockstream in 2018, the Cryptocurrency Data Feed offers real-time cryptocurrency information and includes data on over 100 cryptocurrencies from more than 30 globally sourced venues and exchanges. As part of ICE’s exclusive agreement with Blockstream, ICE offers extensive coverage of prices and order book data for cryptocurrencies by exchange.“As the crypto market evolves, access to quality price discovery information is increasingly crucial,” said Maurisa Baumann, VP, Desktop and Feeds Products, at ICE. “We are pleased to continue working with Blockstream to help address the growing need for transparency and offer a comprehensive view of the market via the ICE Cryptocurrency Data Feed.”ICE works closely with Blockstream to aggregate cryptocurrency data from multiple sources into a rich and easily consumable data feed. The Cryptocurrency Data Feed is designed to enable ICE Data Services’ customers to receive global market data in a streaming feed with comprehensive cryptocurrency information.“Interest in the crypto markets has been steadily increasing after seeing key regulatory decisions and positive market responses earlier this year,” said Adam Back, CEO of Blockstream. “This is a great time to launch this new offering, and we are pleased to continue working closely with ICE and cryptocurrency exchanges globally to deliver this data service that we believe can significantly reduce the barriers to broader trading of cryptocurrencies.”The ICE Consolidated Feed aggregates content from 600+ data streams in a normalized format. Used by Tier 1, 2 and 3 banks, asset managers, hedge funds, ISVs and redistributors, this cost-effective solution delivers a range of global financial information with multi-asset class coverage, including equities, derivatives, fixed income, foreign exchange, money markets, commodities, energy and ETFs. More

Ethereum’s price chart illustrates this recent downturn. After a period of consistent gains, ETH has encountered resistance, leading to a pullback that is stoking a mix of apprehension and anticipation among traders. The sharp decline in price from its recent highs has left investors questioning the durability of the bull run and whether Ethereum can muster the strength to pivot back to its former upward trajectory.A closer look at the price action shows has not yet exhibited the full magnitude of a reversal. One of the critical factors influencing Ethereum’s performance is the support, or lack thereof, for the decentralized finance (DeFi) ecosystem built on its blockchain. Unfortunately, the network has been plagued with unstable conditions, manifesting in the form of enormous transaction fees. These issues have dampened enthusiasm for DeFi projects, traditionally one of the primary catalysts for Ethereum’s demand and, consequently, its price.The market’s response to challenges has been tepid. Without robust support for the DeFi sector, Ethereum’s potential for a swift recovery seems compromised. The high gas fees have notably deterred smaller investors and projects, which has a knock-on effect on the entire Ethereum-based DeFi landscape. This setback comes at a time when competition from other blockchains with lower fees and faster transactions is intensifying. However, Layer-2 networks on Ethereum might change this in favor of the second-biggest blockchain in the industry.This article was originally published on U.Today More

What is notable about this is that these tens of billions of US dollars’ influx into BTC and ETH took place within a single day.A similar funds inflow into these coins was noticed three years ago, Ali stated, and it was followed by Bitcoin soaring to an all-time high.This record surge has not been beaten yet, but Ali seems to be hinting that this may happen in the near future, if history repeats itself.An announcement soon followed that Tesla (NASDAQ:TSLA) was to start accepting Bitcoin payments for its electric automobiles. On Feb. 18, the Bitcoin price skyrocketed slightly above $52,000 and then on April 15, it smashed the astounding $65,000 level.However, a negative event for Bitcoin also happened in April – Elon Musk reversed Tesla’s position and Bitcoin was no longer accepted as Musk raised controversial environmental concerns over Bitcoin’s proof-of-work mining algorithm. However, Tesla continued to hold the BTC on its balance sheet.By now, according to recent data, Tesla has sold all of its Bitcoin . This Bitcoin chunk is evaluated at $417,230,028 at the time of this writing.The flagship cryptocurrency is after staging a 5.16% increase from $40,865 overnight.This article was originally published on U.Today More

The price chart of displays a stark long wick dipping down, an uncommon sight that indicates a violent shift in price over a very short period. This wick represents a severe, rapid price drop followed by an equally swift recovery, which often leads to a significant number of traders being caught off guard, with their positions liquidated as the market rapidly moves against them.So, what led to this dramatic movement?First, a liquidity crunch can precipitate such a situation. In a market where many traders are positioned on the long side, a sudden drive to sell can trigger a cascade of liquidations due to a lack of immediate buy orders at current or slightly lower levels, causing the price to plummet until it hits a level where liquidity is available.Second, a long squeeze may occur when the market is heavily biased toward long positions. If the market begins to turn, those with leveraged long positions may be forced to sell to cover their positions, thus amplifying the downward price pressure.The unexpected nature of this wick caught thousands of traders by surprise, resulting in massive losses for those with leveraged positions. However, the aftermath of the wick saw a spike in buying power, indicating that many investors saw this as a buying opportunity, thereby pushing the price back to a relatively stable zone.Ethereum is known for its volatility, but a wick of this magnitude is a rare occurrence even for a cryptocurrency market. Investors might consider staying less leveraged in order to safeguard themselves from such dramatic swings.This article was originally published on U.Today More

Typically, when related deposits are made to crypto trading platforms, it is often a sign of a sell-off, and this appears to be what this whale is making a move at. According to market data, the Ethereum whale has been receiving funds since as early as 2017, when the price of Ethereum was still $60.The last major inflow the whale received came about three years ago, when it bagged a total of 25,398.1 ETH. At the current market value of $2,281.29 per Ethereum, this fund is worth $57,940,431.549. As the whale woke up, it conducted at least two test transactions featuring outbound 0.07 ETH and inbound 0.067 ETH, a move that might be intended to confirm it still has skin in the game. After the 5,000 ETH were moved, the whale is now left with 20,398 ETH worth approximately $45.88 million.As earlier by U.Today, an ICO-era Ethereum address woke up in late November and went on a selling spree on Kraken Exchange. At the time, the whale sent 3,000 to Kraken for potential liquidation, leaving the 5,172 ETH worth approximately $10.7 million.Besides Ethereum, dormant Bitcoin (BTC) addresses are also in these reawakening and liquidation trends.This article was originally published on U.Today More

A study of Ethereum’s price performance, as depicted in the recent , shows a robust uptrend with high momentum. This is corroborated by the Relative Strength Index (RSI), which, although retreating from overbought territory, remains strong, indicating sustained buying interest. The moving averages (MAs) — key indicators of long-term trends — demonstrate a bullish crossover, with shorter-term MAs traversing above longer-term ones, signaling ongoing upward momentum.Specifically, the separation between the 50-day and 200-day moving averages is widening, a classic confirmation of a strong trend. However, this separation could also precede a long-term correction, particularly if it continues to expand without price consolidation. Additionally, descending volume accompanying recent price spikes raises concerns. Robust volume is a hallmark of sustainable price movements, and without it, the likelihood of a retracement increases.Given these factors, mid-January 2024 stands out as a pivotal moment for . Should the current momentum persist, and if volume picks up to validate the trend, reaching $2,500 is possible. This projection assumes that the current support levels hold firm and that buyer interest continues unabated.However, investors should heed the warning signs. The descending volume is the primary indicator to watch after as it may bring some issues and cause a drop of momentum in the future. Moreover, the potential for a long-term correction looms if the market perceives the price has outpaced fundamentals.This article was originally published on U.Today More