Tag: Cryptocurrency

Over $1B liquidated from cryptocurrency market in past 24 hours as Bitcoin crashes below $105,000

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Key Takeaways Over $1 billion in crypto positions were liquidated in 24 hours due to sharp market volatility. Leveraged traders faced forced position closures as Bitcoin and Ethereum prices dropped. Share this article Over $1 billion in cryptocurrency positions were liquidated in the past 24 hours as the digital asset market experienced sharp volatility. The massive liquidation event reflects ongoing turbulence in crypto markets, where leveraged traders face forced position closures when prices move against them. Bitcoin and Ethereum, as the market’s largest digital assets, typically see significant liquidation volumes…

Cryptocurrency market sees $200M liquidation in 15 minutes

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Key Takeaways The crypto market saw $200 million in liquidations within just 15 minutes, highlighting extreme volatility. The market downturn followed Trump’s call for major tariff increases on Chinese goods, fueling renewed friction over vital materials and export restrictions. Share this article The cryptocurrency market experienced $200 million in liquidations within a 15-minute window as rapid price swings triggered automated position closures across major exchanges. Recent flash crashes have created chain reactions of liquidations throughout the market, amplifying short-term volatility as leveraged positions get forcibly closed when asset prices move…

BNB surpasses XRP as third-largest cryptocurrency by market value

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Key Takeaways BNB has overtaken XRP to become the third-largest cryptocurrency by market capitalization. This marks a notable ‘flippening’ in the rankings, with BNB now trailing only Bitcoin and Ethereum. Share this article BNB, the native token powering the Binance Smart Chain ecosystem, has surpassed XRP to become the third largest cryptocurrency by market value today. BNB has been gaining momentum against XRP in recent months, with the Binance-native token benefiting from increased activity in decentralized exchange operations and broader ecosystem adoption. XRP currently faces competitive pressure from rivals like…

CME Group to launch 24/7 trading for cryptocurrency futures and options

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Key Takeaways CME Group will soon offer 24/7 trading for cryptocurrency futures and options. This change is designed to compete with offshore crypto exchanges operating around the clock. Share this article CME Group, a major US-based derivatives exchange, will introduce 24/7 trading for cryptocurrency futures and options. The move positions CME to compete more directly with offshore cryptocurrency exchanges that operate continuously, potentially shifting market dynamics toward regulated platforms. CME Group has recently introduced futures contracts for additional cryptocurrencies like Solana and XRP, broadening its regulated offerings beyond Bitcoin and…

Turkey to ban cryptocurrency payments

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A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from providing fiat onramps for crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal. The bank stated, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be forbidden. While banks are excluded from the regulation, which means…

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap

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The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project.  According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) and become the 8th largest cryptocurrency by market cap. More retail outlets have adopted the currency as a…

PayPal is the Latest to Introduce Cryptocurrency for Online Transactions

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HomeNewsCrypto NewsPayPal is the Latest to Introduce Cryptocurrency for Online Transactions PayPal’s president and CEO, Dan Shulman, confirmed that cryptocurrency will be introduced shortly at the checkout service for online transactions, which will also waive transaction fees for purchases made with crypto. PayPal, the well-known online payment and transaction service, is the latest to start accepting the digital currency as a medium of exchange at its millions of global merchants. The news was shared by the company’s CEO at the end of March 2021. The new system will feature a…

Cryptocurrency Not Banned in India, According to RBI

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Over the course of the past half-decade or so, the cryptocurrency space has grown at a breakneck pace, and it is believed that it is going to keep expanding in the years to come. However, in this regard, it is also important to note that it has thrived because many nations have not outlawed crypto tokens. In this regard, India, one of the world’s biggest economies, cleared the air about its stance on cryptocurrencies. The central bank of the country, the Reserve Bank of India, stated that despite reports to…

The Fractured World of Cryptocurrency: Financial Transactions of the Future Economy

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The Fractured World of Cryptocurrency It seems every day we are hearing about a new cryptocurrency. What’s going on behind the scenes? Why is that happening? What differentiates the currencies? Join The Our Shawn and Dali Kranzthor for the Financial Transactions of the Future Economy(TM) Show as we explore what we are seeing and what we need for the future. Bruce Brimacombe, serial entrepreneur and cryptocurrency leader, joins us for the show. The Our Shawn (R. Shawn McBride) YouTube: https://www.youtube.com/channel/UClGd3AzsfX3RjcK0rOY6fKQ LinkedIn: https://www.linkedin.com/in/rshawnmcbride/ Facebook: www.facebook.com/rshawnmcbridepublic Twitter: www.twitter.com/mcbrideforbus Check me out at:…