Bitcoin (BTC) Exceeds $48,000 As Exchanges Struggle To Cope With Demand

Tesla's $1.5 billion purchase of Bitcoin (BTC) on Monday blew the leading cryptocurrency price. The FOMO is in full swing, to the point that the big exchanges are struggling to meet up with the demand for bitcoins.  Bitcoin Price Surges to $48,000 Tesla's purchase of bitcoins yesterday surprised the entire market as it was unexpected. However, its effect on the market was expected as the price of bitcoin began an upward rise. Within a few hours, Bitcoin had blown past its…

Top 5 Cryptocurrency Exchanges To Trade Altcoins in 2021

The recent surge in altcoin prices has led to an influx of new investors seeking out these valuable digital assets. An altcoin is any coin other than Bitcoin. The term came about in the early days of the crypto market. At that time, there were only a handful of coins available. Today, nearly every exchange offers some form of altcoins to trade. Unlike the early days, altcoins today outperform Bitcoin in terms of technical characteristics. There are altcoins capable of…

Kraken CSO Alerts Crypto Community about Phishing and Listing Scams

Nicholas Percoco, the chief security officer of Crypto exchange Kraken has warned the crypto community of a new phishing scam. Percoco revealed this on Twitter with a series of tweets in which he explained the process used by cyber criminals to dupe victims. Scammers pretend to work for legit crypto companies According to Percoco, scammers use fake identities and information to scam victims. Firstly they pretend to be part of the listing teams on cryptocurrency exchanges like Kraken to lure…

Top 5 Crypto Exchanges for Beginners in 2020

Exchanges are where all the crypto magic happens. If you want to acquire a particular digital asset, whether you have fiat money or other crypto coins, a crypto exchange is the first place you visit.  In layman's, a crypto exchange can be best described as a marketplace where, unlike the common ones, instead of exchanging money for commodities, folks switch their equivalent fiat money for digital assets and vice versa. Contrary, both parties (buyers and sellers) can exchange one crypto…

Centralized VS Decentralized Exchanges: Which One is The Future of Crypto Transactions

How is trading cryptocurrencies different from trading any other assets like fiat currency, stocks, or bonds? There are quite a few distinctions, but the main difference is that cryptocurrencies have their own trading exchanges, which are either centralized or decentralized. In recent years, cryptocurrencies have grown in popularity and adoption. This is because they offer super cheap borderless ways of sending and receiving money and new investment opportunities. Additionally, many people migrate to cryptocurrencies as stores of value to protect…

How to Make Money with DeFi OTC

There has been a recent surge in products as well as platforms providing DeFi services. Decentralized Finance, commonly referred to as DeFi, denotes any financial service offered on a blockchain, usually Ethereum smart contracts. An example of DeFi services and solutions is Over-the-Counter (OTC) cryptocurrency, which in the past three years has witnessed enormous growth marked by a substantial increase in volume and clients across the globe. Bloomberg's recent report established that OTC turnover in 2018 amounted to more than…

Kraken Rededicates To Digital Asset Offerings Bringing India A New Crypto Era

On the 9th of March 2020, The Crypto exchange Kraken made a revelation that it plans to increase its offerings and services in the Indian financial market. This 9th of March 2020 announcement follows the recent ruling that lifts a ban on crypto trading by India's Supreme Court.  The March 4th ruling has created a much-needed breathing space for India's crypto community. The Supreme Court lifted a long-standing crypto ban by the Reserve bank of India (RBI) on the trade…

FCA Warns Kraken on their Alleged Illegal Operations in the UK

On 3rd March 2020, the Financial Conduct Authority (FCA) sent a warning against Kraken, the Us-based crypto exchange, following the allegations of illegally operating in the United Kingdom. While responding to the allegations, Kraken.com claimed FCA was wrong to mention their name as the warning was supposed to target a scammer. Kraken is highly acclaimed as the largest bitcoin exchange in liquidity and volume of transactions in Euros. it is the leading exchange for the BTC/EUR trading pair. FCA’s Judgement…

Kraken Exchange Acquires the Once-Powerful Circle’s OTC Desk

Founded in 2013, the San Francisco-based cryptocurrency exchange Circle is one of the earliest digital assets players. The OTC office once got recognized as one of the most profitable companies on the market. On 17 December, Kraken confirmed its purchase of Circle's over-the-counter office. In a blog post announcing the move, Circle co-founders Jeremy Allaire and Sean Neville confirmed the firm's OTC business's sale to Kraken. They stated that they have known and admired Jesse and his team at Kraken…

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