![]() ![]() The decision by FTX is being driven by the increasing attention from regulators and they always claim that they are working for the retail investor, so exchanges are getting ahead of expected rule changes. Today, we're removing high leverage from FTX. ![]() The FTX CEO, Sam Bankman-Fried, said in a series of tweets that a lower level was healthier for the crypto ecosystem, saying:Īnd so, after lots of back and forth, we're going to be the ones to take the first step here: a step in the direction the industry is headed and has been headed for a while. The move comes a day after the derivatives exchange FTX announced the same plan. The Binance exchange, which is the world’s largest cryptocurrency exchange by volume, has said it is reducing the maximum leverage users can use for futures contracts. ETH has seen support emerge at the $1718 level for the third time in two months and that should hold out this time for a rally in the coin. The data suggests that the largest ETH investors are happy to sit and wait for future gains in the coin. Meanwhile, top 10 exchange whales recently hit a low of 4.66M $ETH, the lowest since ETH’s 2015 inauguration”. “Ethereum’s top 10 non-exchange whales are adding on to their holdings, as their 21.3M, $ETH held this week established a new 5-year high. In other news, Ethereum’s recent on-chain data has shown that the supply held by the largest non-exchange whale addresses has hit a 5-year high. The upgrades are meant to improve the speed and efficiency of transactions, as well as lower the cost of ETH gas fees which has been a headwind for the blockchain in times of bullish markets. ETH Price IndexĮthereum is currently undergoing upgrades as it moves away from its history as a “Proof of Work” coin to “Proof of Stake”. ETHĮthereum is less than two weeks away from its 11th backward-incompatible upgrade, also known as a “hard fork.” This hard fork has been labeled “London,” and contains five Ethereum Improvement Proposals (EIPs), each featuring code changes which will optimize the world’s second-largest cryptocurrency by market capitalization. Getting above that level will be key to the future path for the coin with $50k being the next key level. The price of BTC rallied to come within a whisker of the $40,000 level which halted the rebound in early June. IOTA Introduces the ISO: A New Crypto Crowdfunding Model.IOTA's Qubic Protocol Make the Tangle Programmable. ![]() This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work. The advert added that the company wants to “develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.” A spokesperson told City AM: The speculation over Amazon’s cryptocurrency entry was driven by a job vacancy posted by the company, which called for an expert who can “leverage domain expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency”. The move higher in the coin has been driven by a short squeeze, where bearish traders were heavily positioned at $30k and had to retreat from those shorts.īitcoin traders have also been inspired by reports that e-commerce giant Amazon is preparing to accept BTC payments, “by the end of the year”. BTC Price IndexīTC jumped higher to trade above the $39k level for the first time since mid-June. The Bitcoin price has rallied from support at $30,000 to test resistance levels close to $40,000. FTX changes leverage and pop star launches THETA NFTs. BTC surges to resistance as shorts back off, Ethereum readies for London protocol upgrade. ![]()
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