| 
| Unitrade 
| #TRADE
|
| TRADE Price: | $0.050 | | Volume: | $69.0 K | | All Time High: | $2.83 | | Market Cap: | $1.8 M |
|
| Circulating Supply: | 35,782,805 |
| Exchanges: | 3+
| | Total Supply: | 50,000,000 |
| Markets: | 3+
| | Max Supply: | — |
| Pairs: | 8
|
|
The price of #TRADE today is $0.050 USD.
The lowest TRADE price for this period was $0, the highest was $0.050, and the exact current price of one TRADE crypto coin is $0.04951.
The all-time high TRADE coin price was $2.83.
Use our custom price calculator to see the hypothetical price of TRADE with market cap of ETH or other crypto coins. |
The code for Unitrade crypto currency is #TRADE.
Unitrade is 2.5 years old. |
The current market capitalization for Unitrade is $1,771,548.
Unitrade is ranked #811 out of all coins, by market cap (and other factors). |
The trading volume is modest today for #TRADE.
Today's 24-hour trading volume across all exchanges for Unitrade is $69,036. |
| The circulating supply of TRADE is 35,782,805 coins, which is 72% of the total coin supply. |
| Note that there are multiple coins that share the code #TRADE, and you can view them on our TRADE disambiguation page. |
 | JPMorgan: 72% of Institutional Traders Surveyed 'Have No Plans to Trade ...
A new survey by JPMorgan Chase shows that 72% of institutional traders 'have no plans to trade crypto' while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect 'recession risk' to have the biggest impact on markets in 2023.JPMorgan's Institutional Trader Survey
Global investment bank JPMorgan Chase published the results of its annual 'e-Trading Edit' survey on Thursday. Conducted in January, the survey provides 'insight into predictions for the year ahead,' the bank said, adding that 835 institutional traders in 60 global locations participated in the survey.
The survey asked institutional traders about their plans to invest in cryptocurrencies. JPMorgan detailed:
72% of traders surveyed 'have no plans to trade crypto/digital coin,' with 14% predicting they're not currently trading but plan to trade within 5 years. 8% are currently trading and 6% are not currently, but plan on within 1 year.
Furthermore, institutional traders predicted that cryptocurrencies and digital coins will 'have the biggest increases in electronic trading volumes over the next year.' In addition, '100% of responding traders predicted they will increase electronic trading activity,' JPMorgan noted.
Institutional Traders on Recession and Inflation
The survey also asked institutional traders about their economic outlook. 'Traders predict that 'recession risk' will have the biggest impact on markets in 2023, closely followed by 'inflation' and 'geopolitical conflict,'' ...
|  | Aptos Leads L1 Trade With 130% Gains, Bitcoin Bulls Fight For $23K, Sent...
The market sentiment continues to improve as cryptocurrencies see another week of trading in the green. The market added around $70 billion to its total capitalization, while the overall sentiment is at a 10-month high.
It's interesting to note that Bitcoin's dominance continues to increase. This means it fared better than altcoins in terms of price performance. The leading cryptocurrency managed to add around 9% and is now battling for the important level at $23,000. A couple of days ago, the price pushed toward $24K aggressively but was immediately rejected in what were a few hours of massive volatility.
Macroeconomic data, according to many, favors risk-on assets as inflation is slowing down, the US GDP numbers were better than expected, and today's PCE was in line with expectations. This has, perhaps, prevented any considerable corrections in January, as the price is moving almost entirely up only.
This hasn't been the case for many altcoins.
For example, ETH is up around 2%, heavily underperforming Bitcoin. BNB is about 3.4%, XRP - 3.5%, and so forth. However, others, such as ADA, MATIC, Solana, and DOT, charted increases above 10%.
This brings us to this week's hottest story - Aptos. In fact, APT has been dominating throughout the entire month, charting a massive increase of 400% in the past 30 days. Over the last week alone, it gained about 130%. Here are a few reasons why this might be.
All in all, the market continues to trend upward. It remains very interesting to s...
|  | Solana (SOL) Network On Hyperdrive As TVL And NFT Trade Volume Soars
Solana (SOL) is on hyperdrive as the network quickly gains momentum in terms of liquidity which are seen at more than 300% as of press time. Following a sweeping price decline, Solana has turned the tide with metrics with flying colors.
Here's a quick glance at SOL performance of late:
SOL metrics and trustworthiness score looking positive
Solana’s TVL seen to jump higher
Solana rolls out Saga Pass Cards
There is sizeable growth seen both in terms of NFT with the rollout of the Saga Pass Cards and market cap.
Solana was seen to nosedive the past couple of weeks, but it’s now back on the top 10 cryptocurrencies list that is stacked at the green lane.
SOL Price Gaining Traction
According to price monitoring by Coingecko, SOL price is currently trading at $24.28, up 3.0% in the last seven days.
Evidently, following the FTX crash, short-term traders and the bulls were fixated on SOL which unlocked roughly 100 million coins from different contacts which could have punched a hole in the market, driving the price of SOL to null or $0.
But, that didn’t happen as SOL holders chose to hold out their coins waiting for better days and not panic and sell their SOL holdings.
True enough, the market gained traction and recovered with most assets moving north, including SOL which made the investors extremely happy with the gains.
With this hypergrowth happening with Solana, the investors decided to accumulate longs which triggered SOL’s open interest to acceler...
|  | Crypto derivatives exchange Deribit to put in place trade surveillance p...
Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% market share in bitcoin (BTC) and ether (ETH) options. The exchange also offers select futures on cryptocurrencies.
David Dohmen, Deribit's Chief Legal, Compliance & Regulatory Officer said the exchange considered several trade surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and as Deribit looked to expand into additional jurisdictions while maintaining the highest compliance standards.
He articulated: “Once I joined Deribit and our search for a surveillance vendor was underway, I was able to share that Eventus’ customer service is excellent. I’ve looked at and worked with a variety of trade surveillance systems, including Validus in two of my former roles since 2019. I was most impressed with the dedication and diligence of the Eventus team to continuously work with its clients to help improve how the system can meet our needs and resolve any issues we encounter along the way. They care about getting things done; it’s not just about the numbers.”
Additional factors in Deribit’s selection o...
|  | Crypto Will 'Play a Major Role' in UAE Trade Going Forward, Minister Say...
The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency 'will play a major role for UAE trade going forward.' He stressed: 'The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies.'Crypto to Play a Major Role in the UAE
United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi talked about cryptocurrency Friday during an interview with Bloomberg in Davos, Switzerland.
He shared that one area the UAE is looking to expand is cryptocurrencies, adding:
Crypto will play a major role for UAE trade going forward.
'The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies,' Al Zeyoudi described.
'We started attracting some of the companies to the country with the aim that we’ll build together the right governance and legal system, which are needed,' the official noted.
Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, also talked about cryptocurrency regulation last week in a World Economic Forum session titled 'Finding the right balance for crypto' in Davos. He confirmed that no crypto exchanges have been licensed in the UAE, emphasizing that the regulatory frameworks for cryptocurrencies in the UAE are 'not light.' The minister said:
UAE has not issued a single licensed crypto exchange in UAE, neither Binance nor FTX … no one was abl...
|  | Binance's New Feature Allows Institutions to Invest, Trade Using Cold Cu...
The FTX crisis has put even more heat on centralized crypto exchanges, and cold wallets have all the focus now. It is only natural for the world's largest crypto exchange to allow institutional players to keep their crypto in cold storage solution.
Binance announced a new service, dubbed 'Binance Mirror,' an off-exchange settlement solution that enables institutional investors to access trading and investment products within the exchange ecosystem without having to post collateral directly on it.
Binance's New Feature
According to the official press release, institutions can lock a specific amount of their asset balance in Binance Custody’s cold storage facility and mirror it onto their exchange account with a 1:1 balance. The platform highlighted that user assets remain secure in their segregated cold wallet for 'as long as their Mirror position remains open on the exchange, which can be settled at any time.'
The move will essentially enable investors to continue trading even during volatile sessions without getting hit by massive outflows on an exchange.
Following the announcement, Athena Yu, VP of Binance Custody, said,
'Security is a top priority for institutions, who also desire the deep liquidity that the Binance Exchange offers. Binance Mirror brings the best of both worlds. We spent much of last year refining its operations to help our clients unlock the liquidity of their assets held in our cold storage. We’re very excited about where we are today and can...
|  | Bankman-Fried's Lavish Lifestyle Allegedly Revealed, Cuban Warns of Wash...
More information has come to light allegedly revealing the lavish lifestyle of FTX co-founder and 'altruist' Sam Bankman-Fried, as the failed former crypto exchange CEO also fights for Robinhood shares he says he needs more than customers. In other news, Shark Tank star Mark Cuban has warned that a crypto implosion could come from “the discovery and removal of wash trades” on exchanges. Finally, experts have predicted gold prices will soar in 2023. All this just below in the latest Bitcoin.com News Week in Review.
FTX Co-Founder's Alleged Extravagance Comes to Light in Bankruptcy Court Documents
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover, SBF’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, after Alameda and FTX executives occupied 20 suites for a few months last year.
Read More
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer 'Possibility of Economic Loss'
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,&...
|  | Ethereum Could Jump 27% To Trade At $1,600, How Is This Possible?
Ethereum is currently following the general crypto market trend at this point and has been posting only slight gains in the last 24 hours. With the bear market in full swing, a large number of cryptocurrencies remain at risk of losing more of their value. However, for Ethereum, there could be a bull trend on the horizon and it has to do with staking on the network.
Shanghai Upgrade Will Drive Ethereum Up
Currently, compared to the other Layer 1 proof of stake networks in the sector, Ethereum sees the lowest percentage of supply staked. At less than 14 of ETH supply being staked, it comes down to there not being a withdrawal mechanism for those who stake on the network but this could change very soon and bring with it renewed vigor to the market.
The Ethereum “Shanghai” upgrade is expected to take place sometime in March 2023 and a Matrixport report shared with NewsBTC via email expects this to be a bull trigger for the digital asset. As it puts it, “it seems extremely likely that more ETH will be staked after March and this could put upward pressure on ETH prices.”
The reasoning behind this is a simple one; the more ETH is staked, the less supply in the market, and scarcity leads to higher prices. Instead of staked ETH volume actually declining, it is expected to increase because once withdrawals are possible, investors will be more confident to stake their coins, knowing that they can easily get it back.
“With more ETH being staked and removed ...
|  | Former CFO Pleads Guilty: Funds Used To Trade Crypto & Meme Stocks
With the prolonged bear market in crypto ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes in the bear market. On today’s news, the ex-chief financial officer has pleaded guilty in court for embezzling more than $5 million from multiple special purpose acquisition companies (SPACs) to trade meme stocks and cryptocurrencies.
Going by the name Cooper Morgenthau, the former chief financial officer on Tuesday pleaded guilty to wire fraud charges in the U.S. District Judge Paul Engelmayer in Manhattan federal court
Former Finance Exec Allegedly Committed Crimes
According to Authorities, Morgenthau had embezzled over $1.2 million between June 2021 and August 2022 from African Gold Acquisition Corp, a blank check company, and underhanded the crime by forging its account statements, and spent or lost all of it in crypto and meme stock trading.
Subsequent to that, the SEC said Morgenthau raised a total of $4.7 million from investors in SPACs, aliased as Strategic Metals Acquisition Corp, to cover his losses but lost most of the funds in trading crypto. At his scheduled April 25 sentencing, Morgenthau is said to face a likely jail sentence of about 6 to 7-1/4 years under recommended federal guidelines.
Ex-CFO Settled For An Agreement
Morgenthau settled for an agreement to forfeit $5.11 million and pay an equal amount in restitution, as well as settle related civil charges by the U.S. Secu...
|  | Global Cryptocurrency Trade Volumes Saw a Significant Decline in Decembe...
According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were approximately $115.33 billion.Crypto Trade Volumes End 2022 46% Lower Than the Month Prior
Cryptocurrency trade volumes worldwide have significantly declined since the beginning of the year. For example, on Jan. 2, 2022, one year ago, the global trade volume for the 24-hour period was approximately $70.48 billion, according to archived coingecko.com statistics. Today's 24-hour volume worldwide is 67.43% less at $22.95 billion. In addition, 71.63% of all trades on Jan. 1, 2023, were paired with the cryptocurrency economy's stablecoins.
While all the stablecoins today represent $16.44 billion in trade volume, tether (USDT) commands $12.45 billion, which equates to 71.63% of the aggregate on Jan. 1, 2023. Two weeks ago on Dec. 15, the global trade volume was $54.78 billion and a good majority of those trades were in stablecoins as well. Cryptocurrency trade volumes have been declining since Jan. 2022, with monthly spikes in May, Sept., and Nov. 2022.
The November spike occurred amid the chaos surrounding FTX's insolvency, and there were significantly higher daily trade volumes at that time. Data from The Block's crypto exchange volume (l...
|  | FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Stru...
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly crashed below the $1 region during the mid-afternoon trading sessions, slipping to a low of $0.89 per FTT at 2:30 p.m. (ET).Bankrupt FTX's Exchange Token FTT Drops Below the $1 Price Range
Ftx token (FTT), the crypto exchange ERC20 coin tied to the now-defunct exchange, FTX, broke below the $1 support line on Monday, Dec. 19, 2022. Interestingly, unlike the Terra collapse and the native token LUNA dive bombing to zero, FTT fell from $25.78 per coin on Nov. 5, 2022, to roughly $1.59 per unit on Nov. 14, three days after FTX filed for bankruptcy protection.
FTT tapped $1.92 per coin the following day on Nov. 15, and it would not see that price height again after that point. For 38 consecutive days since Nov. 12, FTT has been below $2 and above the $1 range, and it tapped a high of $1.88 per coin on Dec. 9. 11 days later, FTT markets are struggling and for the first time since the token was launched, it reached its all-time low Dec. 19.
The exchange token sunk to $0.894 per unit at around 2:30 p.m. (ET) on Monday afternoon. On Tuesday, at the time of writing, FTT is down 8.6% against the U.S. dollar. While FTT’s price remains below $1, a myriad of crypto assets on Tue...
|  | ADA Price Sheds 5% In The Last 7 Days Even As Trade Volume Soars
Cardano has been on the downside since ADA reached an all-time-high of $3.10 back in September 2021. As of writing, the 9th top crypto has dropped 5% in the last seven days. In comparison, major cryptocurrencies like Ethereum lost over 4.5%, and Bitcoin shed 2% in the same timeframe.
However, CoinMarketCap displays a rise in trade volume from $221,898,095 to $277,239,103, which represents an increase of over 25%.
Nonetheless, as the price of ADA continues to decline, this could be the beginning of something else for Cardano.
Macroeconomics At Play
In response to persistently strong inflation in the United States, the Federal Reserve had to increase interest rates by 50 basis points, taking it from 4.25% to 4.50%.
Despite the fact that inflation has been prevented from fully exploding since the Fed's prior rate hikes, they still intend to boost interest rates to 5%, which could be a problem for Cardano investors.
Since the central bank's interest rate hike, ADA's price has broken through the $0.3 support level, however it failed to keep the momentum and is now trading at $0.28. This significant price decline suggests that the rumored Ethereum-killer might be losing its aggressiveness.
Cardano's TVL is only $71.05 million, compared to Ethereum's $23.4 billion. Additionally, NFT sales on the ecosystem have decreased, exerting additional downward pressure on ADA's price.
On Optimism & Following The Right Path
Despite the confluence of these e...
|  | FTX Drama Goes On: SBF and Zhu Su Trade Blows Over Alleged Media Control
Zhu Su - one of the co-founders of the collapsed cryptocurrency hedge fund Three Arrows Capital - is firing shots at Sam Bankman-Fried over alleged media influence, control, and deflection of hard questions.
SBF admitted he made a lot of mistakes this year but categorically denied any of the above.
Zhu Su took it to Twitter earlier today to express some of his thoughts on why he chose to become more active on social media following the FTX meltdown and not before.
He said they 'were hunted' since his interview for Bloomberg back in July.
He went on to imply that SBF had some sort of control over media, saying:
There were a couple long-form articles in August that got squashed at major publications, bc editors feared reprisal/loss of access to SBF.
Not only were such things not reproted, many publications were still busy debating if he was the JPM or Vanderbilt of crypto.
Su argued that 'at the time, my own advisors didn't want me to say it (the truth) because it could be 'bad optics' and seen as 'deflecting.'
Replying to this a few hours later was SBF himself, who denied implications but admitted to making a lot of mistakes.
I made a lot of big mistakes this year.
But this wasn't one of them. There's no evidence, because it didn't happen. Please, please, focus on your own house.
I made a lot of big mistakes this year.
But this wasn't one of them. There's no evidence, because it didn't happen. Please, please, focus on your own house. https://t.co/tlcQu9zFdf
— ...
|  | Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout
Ethereum managed to clear the $1,230 resistance zone against the US Dollar. ETH tested $1,280 and seems to be forming a strong support near $1,230.
Ethereum gained bullish momentum and cleared the $1,230 resistance zone. The price is now trading above $1,230 and the 100 hourly simple moving average. There is a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the $1,230 and $1,200 support levels. Ethereum Price Rallies Above Resistance
Ethereum price remained well bid above the $1,150 support zone. ETH formed a base and started a fresh increase above the $1,200 resistance, similar to bitcoin.
The price cleared the key resistance near the $1,230 and $1,250 levels. The upward move was such that the price traded as high as $1,280. It is now consolidating gains near the $1,265 level. Ether price is also trading above $1,230 and the 100 hourly simple moving average.
The bulls are currently active above the 23.6% Fib retracement level of the recent increase from the $1,150 swing low to $1,280 high. There is also a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
An immediate resistance on the upside is near the $1,280 level. The first major resistance is near the $1,300 level. The next major resistance is near the $1,330 level, above which ether price might start another bullish wave. ...
|  | Polkadot Reflects Accumulation – How Long Will It Trade Sideways?
Polkadot price seems to be returning on its feet, courtesy of recent developments. DOT's network released its newest update, highlighting some core developments that could pave a path for its foundational roadmap for 2023.
Polkadot has plans to delve deeper into smart contract development through its project Substrate. This focuses on the network's intention to bring more utility. DOT has also expressed interest in wanting to enter the NFT section. Looking at the technical outlook, the coin has picked up on some positive price action. Over the last 24 hours, DOT moved upward, albeit slowly.
This slow price movement could be attributed to broader market weakness. The buyers seemed to pick up the pace, indicating increased demand for the asset. To correspond with the same sentiment, DOT registered a significant increase in its market cap.
Polkadot Price Analysis: One-Day Chart
Polkadot was priced at $5.31 on the one-day chart | Source: DOTUSD on TradingView
DOT was trading at $5.31 at press time. The altcoin has been sandwiched between the $5 and the $5.6 zone for weeks. The increase in accumulation, however, makes it seem as though Polkadot might be able to breach the overhead resistance of $5.70.
In the event of breaching the immediate resistance, DOT might also reach $6.21, giving investors significant gains. On the flip side, if DOT remains stuck under the $5.60 mark for too long, demand will wane, resulting in depreciation. Polkadot's next stop would be $4.50 in that case...
|  | Report Says Alameda Research 'Didn't Trade Crypto,' Speculators Think SB...
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning Sam Bankman-Fried’s (SBF) quantitative cryptocurrency trading firm Alameda Research shed some more light on the situation. Moreover, crypto proponents have questioned why U.S. regulators let FTX fly under the radar.Bankruptcy Filing Highlights FTX's and Alameda's Long List of 'Portfolio Companies'
This past Friday, the general public and even FTX employees kept in the dark, were informed that FTX Trading Ltd. filed for Chapter 11 bankruptcy in the United States. The filing explains that it has more than 100,000 creditors and the firm’s estimated liabilities equate to $10 billion to $50 billion. The bankruptcy filing is signed by FTX’s new CEO ??John J. Ray III, an individual that worked on Enron’s bankruptcy proceedings.
The bankruptcy filing includes FTX Trading Ltd. and 134 affiliates of the debtor including Alameda Research, Atlantis Technology, Bitpesa, Blockfolio, Cedar Bay, DAAG Trading, Global Compass Dynamics, Hawaii Digital Assets, GG Trading Terminal, Ledger Holdings Inc., Liquid Financial, Western Concord Enterprises, FTX US Derivatives, FTX US Services, and FTX US Trading. The filing is authorized and signed by former FTX CEO Samuel Benjamin Ba...
|  | Ethereum Struggles To Trade Above $1,650 Again, Is $1,750 Possible For B...
ETH's price needs to stay above $1,500 for the price to have a chance to rally high to a region of $1,700.
ETH's price continues to trend, creating a more bullish bias as the price aim for $1,700, where the price could face resistance.
ETH's price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The crypto market had a good run in the previous week as the price of Ethereum (ETH) leveled up to the expectations of many holding out for the price to continue in its uptrend as many traders looked with so much hope of the price rallying to a region of $1,700 with no sign of Ethereum (ETH) slowing down with a possible rally to $2,000. The crypto market has seen some relief across all assets, but the new week holds mixed feelings, with Ethereum (ETH) dropping toward its key support.
|  | JPMorgan Executes First DeFi Trade Using Polygon for MAS' Project Guadia...
As part of the Monetary Authority of Singapore (MAS) Project Guardian pilot, JPMorgan completed the first live cross-border transaction using Polygon on November 2.
MAS' Project Guardian initiative aims to explore ways traditional financial institutions can leverage tokenized assets and decentralized finance (DeFi) protocols to execute financial transactions, among other use cases.
Milestone for JPMorgan
The Chief Fintech Officer of MAS, Sopnendu Mohanty, said the live pilots led by industry participants demonstrate that digital assets and DeFi have the potential to transform capital markets with the appropriate guardrails in place.
Calling it a big step towards facilitating 'more efficient and integrated global financial networks,' Mohanty added that the Project Guardian has 'deepened' the regulator's understanding of the digital asset ecosystem and has contributed to the development of Singapore's digital asset strategy.
Going forward, the MAS plans to work with more institutions to enable global learning on policies, standards, and best practices for the industry's regulation and 'responsible innovation.'
For the first testing phase, JPM's blockchain division for wholesale payments - Onyx - joined forces with Singapore's DBS Bank, Japan's SBI Digital, Singapore Exchange's digital asset platform Marketnode and Temasek. The participants conducted a cross-border transaction with tokenized Japanese Yen and Singapore Dollar deposits and also a simulated trade of tokenized gover...
|  | MoneyGram to Enable US Customers to Trade and Store Bitcoin and Ether
Money transfer services giant MoneyGram will now allow customers to trade and hold some major cryptocurrencies using the company's mobile app.
The move marks an expansion to MoneyGram’s native crypto support as it previously enabled users to buy and withdraw Bitcoin in the United States.
According to a press release on Tuesday (November 1, 2022). MoneyGram introduced a new feature that will allow customers to buy, sell, and store Bitcoin, Ether, and Litecoin. The company plans to add more crypto assets to its platform in 2023.
This latest development was possible through a partnership with the crypto exchange Coinme. The ability to trade and hold crypto is available to MoneyGram customers in almost all U.S. states and the District of Columbia (DC).
Today’s announcement also expands MoneyGram’s previous Bitcoin support for customers. In May 2021, the company enabled consumers to buy and withdraw BTC in several of its physical outlets across the States.
A statement from MoneyGram's CEO and Chairman Alex Holmes, said:
'As a next step in the evolution of MoneyGram, we're thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies.'
Holmes also stated that the company continues to meet customers' demand for cryptocurrency while also connecting blockchain with traditional financial services.
The money transfer giant previously partnered with the likes of Ripple and Stellar.
MoneyGr...
|  | How MoneyGram Will Let Users Trade Bitcoin And Crypto
According to a press release, payment company MoneyGram released a new Bitcoin and crypto service for its mobile app. The company lets U.S. customers purchase, sell, and hold digital assets on its platform.
The service was launched with Coinme, a crypto exchange, and crypto service provider. MoneyGram and Coinme partnered in 2021. At that time, the partners launched the first in-store crypto trading service. This product allowed users to access Bitcoin and crypto across thousands of point-of-sale in the United States.
The companies have been working on expanding their cooperation and n onboarding more users to the crypto space. These efforts translated into developing that crypto-to-fiat model to the recent launch Bitcoin trading service in the MoneyGram app.
MoneyGram Introduces New Crypto Service Enabling Customers to Buy, Sell and Hold Cryptocurrency via the MoneyGram App
MoneyGram Embraces Bitcoin And Crypto
The payment company has been working with Coinme, Stellar, G-Coin, and other partners to improve its crypto capabilities. Their crypto integration with its mobile app is just one of many blockchain-enabled payment features.
The service allows users to trade and hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Alex Holmes, MoneyGram Chairman, and CEO said the following about their newest feature and the company's vision on Bitcoin and cryptocurrencies:
Cryptocurrencies are additive to everything we're doing at MoneyGram. From dollars to euros ...
|  | Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-...
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg
Another stablecoin is struggling to maintain parity with the U.S. dollar as HUSD has slipped from the $1 peg to $0.746 per unit on Oct. 30, 2022. At the time of writing, the stablecoin token is exchanging hands for $0.765 per unit and there’s only $59,790 in global trade volume during the past 24 hours.
Two days ago, Bitcoin.com News reported on Huobi Global announcing that it would delist HUSD, a stablecoin asset issued by Stable Universal. While Huobi and the stablecoin shared the same name, and Huobi introduced HUSD on Oct. 19, 2018, the exchange disassociated itself from the stablecoin token this year.
HUSD depegged earlier this year, when it dropped to a low of $0.82 per HUSD on Aug. 18. HUSD also slipped below the $1 parity on Oct. 11 and again on Oct. 28. HUSD tapped an all-time low on Oct. 29, roughly 24 hours ago when it reached $0.725 per unit on Saturday. When the stablecoin slipped below the $1 peg in August, Huobi addressed the problem via Twitter.
“We are aware of the current liquidity issues associated with the HUSD stablecoin, which is issued by Stable Universal Limited and built on the Ethereum network,” Huobi tweeted on Aug. 18. Furthermore, at that time, HUSD’s official Twitter ...
|  | 257 Economists Say Global Recession Is Near, US Trade Restrictions Again...
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package of trade restrictions against China’s relationship with the semiconductor industry. The tensions between the U.S. and China have given observers reason to believe that China could invade Taiwan in the near future. Accounts stemming from the 20th Communist Party Congress (CCP) conference note that Xi Jinping reportedly discussed completing the country’s control over Hong Kong and “Taiwan is next.”Polled Economists Believe Global Economy Draws Closer to a Recession, Rabobank Market Analyst Says It's 'Pretty Much a No-Brainer'
The world’s economy looks gloomy following the aftermath of the Covid-19 pandemic response, and the recent tensions between major nation-states. On a global level, inflation has skyrocketed in every country and rising energy costs tied to financial sanctions and the ongoing Ukraine-Russia war have made things a lot worse. On October 25, Reuters, the news agency owned by Thomson Reuters, published a poll that consisted of 257 economists and a majority of the individuals believe the global economy is approaching a recession. A global strategist at Rabobank, Michael Every, told Reuters that the 'risk of a global recession' is at the ...
|  | Santander Proposes Project to Tokenize and Trade Properties With the Bra...
Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population.
Santander Proposes Tokenization Platform for Assets
Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real, in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets in a transaction, and at the same time manage the exchange of the currency, in this case, the digital real, for the property.
The objective of this project is to streamline the processes of transacting with different kinds of property through the platform. About this, Jayme Chataque, Executive Superintendent of Open Finance of Santander, stated:
The idea is that, through tokenization, Brazilians can safely negotiate the sale of vehicles or real estate through smart contracts, on permissioned blockchain networks.
The proposal is part of the LIFT challenge, a series of projects selected by the Central Bank of Brazil to find suitable use cases for the digital real, that is expected to launch in 2024.
More Crypto Projects
Santander is not the only instit...
|  | Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing 'Profess...
The director of licensing and head of the fintech unit of Hong Kong's Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. 'We've had four years of experience in regulating this industry … We think that this may be actually a good time to really think carefully about whether we will continue with this professional investor-only requirement.'SFC Director on Crypto Regulation in Hong Kong
Elizabeth Wong, director of licensing and head of the fintech unit of Hong Kong's Securities and Futures Commission (SFC), talked about cryptocurrency regulation during a panel discussion held by Invest HK on Monday, South China Morning Post reported.
She explained that the regulatory environment for crypto in Hong Kong is different from in mainland China. Emphasizing that Hong Kong can introduce its own bill to regulate cryptocurrencies, she stressed that it 'shows just how separate Hong Kong is from the mainland.'
The director confirmed that the SFC is currently considering allowing retail investors to 'directly invest into virtual assets.' Over the past four years, the regulator has taken the stance of limiting crypto trading on centralized exchanges to professional investors, which are individuals with at least HK$8 million (US$1 million) in liquid assets, the publication conveyed.
Noting that the crypto industry has become more compliant, the SFC director said:
We've had four years of ...
|  | Phemex Launching New Copy Trading – Trade Like an Expert with a Si...
[PRESS RELEASE - Please Read Disclaimer]
Copy trading is a trading strategy that enables investors on various financial markets to automatically open positions and execute trades in accordance with the portfolio of another trader. It can be automatic or manual, depending on how the user prefers to manage copy trading. A successful and profitable trader with a track record can be imitated by traders using the copy trading methodology.
The popularity of copy trading among new traders has recently increased. Without spending a lot of time and effort developing a profitable trading strategy, novice traders who don't have a deep understanding of a certain market might profit from the expertise of top traders. As we all know, testing and trying out a trading strategy can take a lot of time and work for novice traders. So, instead of playing around with the markets, copy trading may be a secure option. Simply said, copy trading enables newcomers to trade like professionals with only one click.
Phemex Launches Industry-Leading Copy Trading
Phemex, the Singaporean cryptocurrency exchange, continues to take the crypto world by storm this season. Users can now instantly copy the trading methods of top traders thanks to the exchange's recently enhanced copy trading features. Through Phemex's copy trading, users can quickly search, follow, and select their preferred traders. Users can now begin their copy trading journey and learn from the pros with just a single click of a button. Additi...
|  | Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, ...
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these transactions.Cross-Border Crypto Settlements on the Rise in Russia as US Dollar and Euro Payments Decline
Companies operating under sanctions imposed on Russia over the escalating conflict in Ukraine have started employing cryptocurrencies despite that the new regulations for this type of payment are expected to come into force in 2023 at the earliest, a government representative has revealed.
Director of the Financial Policy Department at the Ministry of Finance Ivan Chebeskov acknowledged the trend in conversation with the Russian daily Izvestia. At the same time, he remarked that such cross-border settlements are still carried out on a limited scale.
Russian entities are now actively using digital payment instruments, including cryptocurrencies, agreed Vladimir Gamza, head of industrial, financial and investment policy at the Council of the Chamber of Commerce and Industry of the Russian Federation.
Gamza also told the newspaper that due to the financial restrictions, payments in U.S. dollars, euros, and other fiat currencies have decreased to a minimum. As part of the measures adopted in response to Russia's invasion, Russian banks were cut off from SWIFT, the global payment messaging s...
|  | Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames an...
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company's customers. While the file does not disclose personal information tied to the user's finance providers or the customer's residential address, the crypto community believes there are other ways these identities can be doxxed.Crypto Community Is Appalled by Celsius Username and Trading History Court Filing
The embattled crypto lender Celsius is dealing with controversy again as a court filing has been discovered by the news outlet Gizmodo. The 14,000-page filing reveals the usernames and trading histories tied to Celsius clients.
The data release has caused an uproar within the crypto community as many believe high-net-worth traders could be doxxed. While the list only shows usernames and trades, it is alleged that more information tethered to the identities of the users can be discovered by heuristics and blockchain parsing tools.
'This Celsius dox is one of the [most] egregious privacy violations in crypto history,' one individual wrote. 'Many on this list may have their safety at risk. It's more important than ever to maximize your digital security.'
The addresses of each user have been redacted and names were allegedly supposed to be redacted but the U.S. bankruptcy court trustee William Harrington objected to the requests that pressed for the customer's names to be redacted a...
|  | 8 Years Ago Today: Bitcoin Traders Slayed the Infamous Bear Whale Who Du...
Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, now infamously known as the 'Bear Whale,' sold the coins at $300 per unit, which put extreme pressure on the nascent bitcoin market that saw roughly $29 million a day in global trade volume.A Look at the October 2014 Bitcoin 'Bear Whale Incident'
While bitcoin (BTC) is trading for just below the $20K region, approximately eight years ago today, bitcoin traders faced off with the notorious 'Bear Whale.' It was October 6, 2014, when the anonymous trader decided to sell 30,000 BTC in a single trade for $300 per coin.
At the time, the trader was looking to obtain $9 million from the sale and today, those bitcoins are worth roughly $603 million. When the event took place, the crypto community went wild and it even caught the attention of mainstream media outlets. The price of bitcoin just before Bear Whale's infamous dump was around $330 and the trader's $300 monstrous sell wall was eaten up by market traders that day.
Five years ago, Bear Whale allegedly posted to Reddit claiming it was his address that sold the coins, and he further said he acquired the bitcoins at $8 per unit. He also noted that he hastily put up the 30,000 BTC trade that day because he wanted to get away from his desktop.
'I could have gotten a better price if I spent more time working the order I guess,' Bear Wha...
|  | Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices. The result of this has been investors seeking refuge in tokens that do not see a lot of volatility, and Ethereum whales have not been left out of this flight to safety.
Stablecoins Gain Favor
Over the last 24 hours, the trade activity of the top Ethereum whales has shown a big shift towards stablecoins. These whales, who have usually been known to trade across a number of digital assets regardless of their volatility, are taking less risk during this time.
The USDT stablecoin has been the number 1 token by trade volume for these top Ethereum whales. The average volume transacted by the whales came out to $267,328, even higher than the volume for ETH, which was the second-highest by trading volume. USDC featured in third place on this list, with an average amount of $89,180 over this time.
In the same vein, the stablecoins were at the top of the most purchased tokens over this time. USDT naturally led the list, while USDC was in second place. Interestedly, ETH did not take 3rd place as expected because Ethereum whales bought more SRM than ETH over this time period.
ETH price settles above $1,300 | Source: ETHUSD on TradingView.com
On the topic of sales, the whales continued the trend of moving toward ...
|  | Ironbeam Lets You Trade Bitcoin and Ether Nano Futures Contracts Commiss...
Ironbeam is a U.S. registered Futures Commission Merchant ('FCM') which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin.
Trade Cryptocurrency Nano Futures Contracts
Headquartered at the Chicago Board of Trade, Ironbeam launched in 2010 as a technology-centric futures brokerage firm dedicated to providing technology solutions that cater to the needs of futures participants and the modern futures trader.
Now traders can trade Coinbase Nano Bitcoin and Nano Ethereum contracts thanks to an exciting partnership between Ironbeam and Coinbase Derivatives, and each contract represents 0.01 BTC or 0.5 ETH. With the Nano Bitcoin futures contracts, crypto traders can enjoy the ability to take either side of the market, execute trades faster than on the blockchain, and hedge price risk.
Ironbeam is a U.S. registered Futures Commission Merchant ('FCM') on the open exchange, and customers can trade with peace of mind regarding the security of their transactions.
Experience smoother and faster trading today with Ironbeam; not only is the platform easy to learn, but a trader can also drill down and access many features on the platform.
No Commission*, Low Margins
Ironbeam is a free** professional-grade futures trading platform for everyone, with no commission* and low margins – with a margin as low as $20 per trade. Users can t...
|
More Unitrade (#TRADE) News
|
|
|
Crypto Coin Prices and News 