Cryptocurrency

Under this partnership, Bitbuy’s digital asset services will now cover up to half of the Bitcoin ATMs in the country.According to WonderFi, Canada continues to hold prominence in the crypto ATM arena, boasting a total of 2,747 ATMs, second only to the U.S. Through its subsidiaries, WonderFi Technologies currently provides 1.6 million Canadians with access to regulated crypto trading and staking through subsidiaries including Bitbuy, Coinsquare and CoinSmart. The exchange became the second to relist XRP after Binance.With the completion of the Localcoin partnership, Bitbuy’s digital asset services are poised to extend their coverage to some of the firm’s ATMs.Localcoin is a prominent player in Canada’s cryptocurrency ATM sector, offering a network of easily accessible and user-friendly ATMs across the nation for buying or selling Bitcoin, Ethereum, Litecoin. Localcoin’s reach encompasses 920 ATMs, securing a substantial 33% share of the cryptocurrency ATM market in Canada.Despite uncertain regulations to the South and across the pond, the announcement of the new partnership, coupled with Coinbase (NASDAQ:COIN) entering the country in August of this year, highlight Canada’s continued interest in digital assets.Therefore, despite Binance announcing its leave from the country earlier this year, more recent announcements suggest that Canada could be a leader in the global crypto economy.This article was originally published on Crypto.news More

At the event, Bosch, alongside collaborators such as Mobix and Peaq Netowork, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. Continue Reading on Coin Telegraph More

According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other vital regulatory officials attended a session on “Criminal Legal Issues Related to Virtual Assets” with a focus on the unregulated OTC crypto market. During the event, No-Seong called for regulating the OTC crypto market due to money laundering concerns.Continue Reading on Coin Telegraph More

The sharp fluctuation in Hifi’s value is largely attributed to its recent listings on several cryptocurrency exchanges. On Tuesday, BitMart listed the Hifi token, followed by Poloniex on Thursday. These listings coincided with an increase in the value of the Hifi tokens.However, Friday’s launch of Hifi perpetual contracts on Binance sparked a rapid decrease in value. This development allowed traders to short the asset by up to 20 times. Despite being listed on HTX (previously known as Huobi) on Saturday, the Hifi token could not regain its upward trend.Data from CoinMarketCap shows that Hifi’s trading volume has decreased by 54% in the last 24 hours to $540 million. Similarly, its market capitalization has fallen 27% to $83 million within the same period. Less than two days ago, at its zenith, Hifi’s market cap was close to $250 million and its trading volume reached as high as $1.07 billion.Hifi Finance, formerly known as Mainframe before rebranding in 2021, offers lending for crypto assets and tokenization of real-world assets. The total liquidity on the Hifi Finance lending and borrowing market currently stands at $262,000. Additionally, Sablier, a DeFi protocol acquired by Hifi Finance in 2020, has approximately $4.5 million in total locked assets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

On-chain metrics indicate notable hikes for the flagship cryptocurrency amid unreliable market conditions. Bitcoin is up by 1.17% in the past 24 hours and is trading at $26,875 at the time of writing. The asset’s market cap has reached $524 billion for the first time since Aug. 30. Its 24-hour trading volume has surpassed the $8.6 billion mark.BTC price, whale activity, supply on exchanges and velocity – Sept. 18 | Source: SantimentAccording to data from the market intelligence platform Santiment, BTC whale transactions plunged by around 10% despite its high trading volume — currently at 4,188 transfers. This indicates that smaller investors rather than sharks and whales could have triggered the recent bullish momentum.Moreover, the total amount of Bitcoin supply on exchanges dived to 1.15 million coins, showing signs of self-custodial accumulation after consistently declining since Sept. 7, per Santiment.Data from the market intelligence platform shows that a single Bitcoin changed addresses 3.2 times on average over the past 24 hours. Furthermore, data provided by Glassnode revealed that the numbers of receiving and new Bitcoin addresses have reached 40,475 and 26,808, respectively. Per Glassnode, both indicators have reached five-year highs, while the broader crypto market is uncertain.This article was originally published on Crypto.news More

On-chain analytics firm paints a plausible picture of whales playing the waiting game in anticipation of higher prices in the days ahead.According to Santiment, large transactions, which refer to those greater than $100,000, are at their lowest levels so far in 2023. It was mentioned that this might be a sign of whales waiting for the best moment and not necessarily of disinterest, as some may think.”Bitcoin continues to trade between $26K and $27K, and Ethereum is at $1.6K to 1.65K. Crypto’s top market caps’ $100K+ transaction levels are at their lowest levels of 2023 right now. This is a sign of whales likely waiting, and not necessarily disinterest,” Santiment tweeted.An albeit bullish scenario is playing out among long-term holders, whose numbers keep reaching new highs. Long-term Bitcoin hodlers, or those whose average purchase date is at least more than 155 days ago, now control 70% of the total supply of Bitcoin, or 14,787,265 BTC.As the number of this category of Bitcoin holders continues to grow, top Bitcoin analyst points out a trend of accumulation, saying, “They are accumulating for the next bull run. ” Edwards also stated that over 57% of the Bitcoins on the network have not moved their capital in over two years.At the time of writing, BTC was up 1.16% in the last 24 hours to $26,865. Recent analysis provided by crypto analystindicates that a boost in BTC buying pressure might target $28,000 or $31,000, whereas an invalidation of this bullish scenario might occur if BTC dips below $24,500.Also, a whale is trading a large number of call options. The said whale actively bought $150 million worth of notional ETH calls, and all of them were naked buys with clear long-term bullish expectations.At the time of writing, ETH was trading in the green and was marginally up in the last 24 hours to $1,636.This article was originally published on U.Today More

Amid this very promising start to the week, Bitcoin is currently seeing a major uptick in its Open Interest, as data from CoinGlass . This rising Open Interest is a significant trend that might see a massive influx of new cash into the BTC network, a trend that can help fuel an uptick in price across the board.To further place this potential in proper perspective, CoinGlass acknowledged that per its data, a big move appears to be brewing, with current growth rate amplifying this sentiment.With Bitcoin dominance to the 50% level over the past 24 hours, the chances that the impact of the asset will be felt much more by the trio of ADA, XRP and SHIB are higher.While other altcoins are also in line to be impacted by this potential bullish trend for Bitcoin, the fact that the three altcoins under review have a vibrant ecosystem with makes them prime candidates to experience the resurgence.This article was originally published on U.Today More

According to a Sept. 14 report from The New York Times, documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest as well as his thoughts on the legal team handling FTX’s bankruptcy case. The former CEO, who also goes by SBF, reportedly drafted a roughly 15,000-word X thread but never posted it to the social media platform.Continue Reading on Coin Telegraph More