Cryptocurrency exchanges

Major crypto exchanges are facing technical issues – TCR

Major crypto exchanges are facing technical issues - TCR

Amid Bitcoin Rollercoaster, major crypto exchanges are facing issues

  • Major crypto exchanges faced small technical dysfunctionalities
  • The reason behind the issues were the irregularities in the prices of some crypto tokens and a sudden increment in demand
  • The Bitcoin price rollercoaster and DOGE coins bark were the primary reasons increasing demand for cryptos suddenly

Major crypto exchanges like Binance, Kraken, and Bittrex are observed facing technical issues. It is found that the reason behind the problems is the high fluctuation of Bitcoin prices. After one more time Bitcoin reminded its volatile nature, Binance had to halt withdrawals temporarily. On the other hand, Kraken also revealed some connectivity issues faced by its trading platform. And in the case of Bittrex, it is known that Dogecoin is the culprit token who’s unclear surge brought technical dysfunctionalities to its trading platform.

Reportedly Binance, one of the major digital assets exchanges, revealed that it would suspend withdrawals for the short term. According to the exchange, the suspension was in order to address a considerable increment in the requests generated from new users. However, the firm clarified that the funds of the investors are entirely safe.

#Binance will be suspending withdrawals temporarily in order to address a large increase in requests from new unique users.

Rest assured funds are #SAFU and we apologize for any inconvenience caused.

Updates to follow.

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On the other hand, Kraken, a veteran crypto exchange based in the United States, officially revealed some connectivity issues. According to the exchange status, the technical team has identified the dysfunctionality and soon will resolve it.

DOGE tokens have tremendously surged by 800% in just some hours on Friday. The reason behind the surge was unclear, though many believed that the Reddit forum r/wallstreetbets were the reason behind the surge. However, the increasing attraction towards the token led Bittrex to work upon the DOGE wallet. Bittrex, US-based crypto trading platform, tweeted and revealed that the token’s wallet on its platform and the exchanges mobile application went under maintenance. According to the announcement, the team was working to fix the issue after backing it up.

Recently, few irregularities were observed in the prices of crypto tokens. Mainly the price of Bitcoin and Dogecoin remained highly volatile. On Friday, the price of DOGE was observed soaring tremendously by 800%. Meanwhile, Bitcoin was also regarded soaring as the CEO of Tesla Elon Musk, updated his Twitter profile, including the name of Bitcoin. However, these increments in prices resulted in outages on a few of the world’s foremost digital assets exchanges. And the exchanges started to reveal technical dysfunctionalities on their trading platform.

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Ahtesham Anishttp://www.thecoinrepublic.com

Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

Source: www.thecoinrepublic.com

Author: Ahtesham Anis


Bitcoin Transactions by BTC Miners to Exchanges Hit One Year High

Bitcoin Transactions by BTC Miners to Exchanges Hit One Year High

Abstract:

  • The variety of Bitcoin transactions by BTC miners to all crypto exchanges has hit a yearly excessive
  • Promoting might be linked to profit-taking forward of the Chinese language new yr that begins subsequent month
  • Bitcoin analyst, MagicPoopCannon, forecasts a dip to $22k earlier than any additional progress by BTC

The month of January 2021, has seen report ranges of Bitcoin transactions by BTC miners to all crypto exchanges. That is in line with the workforce at Unfolded who made the commentary by way of the following statement and two charts courtesy of CryptoQuant.com.

Miner bitcoin outflows at report highs. Transactions from all miners to all exchanges hit a yearly excessive.

Bitcoin Transactions by BTC Miners to Exchanges Hit One Year High 13

The excessive Bitcoin transaction rely and BTC influx by miners to crypto exchanges might be linked to profit-taking forward of the Chinese language New 12 months. This yr, the sixteen-day New 12 months occasion will start on the twelfth of February and is well known by way of numerous occasions, meals and journey.

It’s a broadly identified undeniable fact that majority of the Bitcoin mining is carried out in China. Subsequently, Bitcoin miners will probably need to take just a few days off to have a good time the New 12 months with household and associates. Likelihood is that funding for such actions can be sourced from Bitcoin offered by way of crypto exchanges.

On the time of writing, Bitcoin is at present exhibiting some indicators of weak point after failing to beat the $38k worth space after the hype surrounding Elon Musk’s actions of including ‘Bitcoin’ to his bio. The King of Crypto is hovering across the $33,700 worth space and will sink decrease with tomorrow’s weekly and month-to-month shut.

The weak point by Bitcoin has not gone unnoticed with widespread BTC and Crypto analyst, MagicPoopCannon, forecasting {that a} correction beneath $22k is within the pipeline earlier than additional progress. He explained:

Regardless of the latest volatility, I nonetheless consider there’s a larger chance that BTC will fall to 22000, earlier than it breaks out to new all time highs.

Source: crypto-bulletin.com


Top Crypto Exchanges Report Technical Issues Following SEC’s “Fair Market” Warning

Top Crypto Exchanges Report Technical Issues Following SEC’s “Fair Market” Warning

  • The SEC released a statement saying it will monitor and closely evaluate certain assets’ extreme price volatility.
  • In light of the mandate, Robinhood suspended cryptocurrency trading activities. 
  • Now, several cryptocurrency exchanges are suspiciously experiencing technical issues. 
  • Several crypto exchanges halted trading activities, which seems part of a move to maintain “fair, orderly, and efficient markets.”

    The U.S. Securities and Exchange Commission (SEC) announced that it would monitor and evaluate closely the high volatility that certain stocks have gone through.

    The financial watchdog stated that:

    “Extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence.”

    The announcement was issued in response to a group of retail traders led by Reddit’s r/wallstreetbets community who bought GameStop stocks en masse, flushing hedge funds out of their short positions. As GME’s market value skyrocketed by a whopping 2,500% since the beginning of the year, more than $5 billion in losses were generated.

    What cryptocurrency will become the main one in a year?
    BitcoinEthereum

    The buying pressure seen behind several stocks seems to have spilled over the cryptocurrency market on Friday.

    Indeed, Bitcoin saw its price surge by nearly 20% after Tesla and SpaceX CEO Elon Musk suggested that he now endorses the digital asset. Alongside BTC, Dogecoin skyrocketed by 1,100% in less than 24 hours. 

    The sudden upswing forced Robinhood to restrict trading in certain cryptocurrencies. The move seems to follow the SEC’s order of protecting investors while maintaining “fair, orderly, and efficient markets.” 

    “Due to extraordinary market conditions, we’ve temporarily turned off instant buying power for crypto. Customers can still use settled funds to buy crypto. We’ll keep monitoring market conditions and communicating with our customers,” said a Robinhood spokesperson.

    Coincidentally several crypto exchanges began experiencing technical issues that prevented customers from using their trading accounts. 

    For instance, Coinbase reported connectivity issues due to high traffic volumes after users reported that they could not buy or sell any cryptocurrencies. 

    Okay now @coinbase is blocking USD purchases?

    Multiple reports from friends saying they cant buy either pic.twitter.com/pRPoK5Lmj6

    — ₿en Sparango (@bennybitcoins) January 29, 2021

    Along the same lines, Kraken momentarily went into “maintenance mode” to then allow “post-only” trades due to a “heavy load of verification requests” and sign-in issues. And like dominoes, Bittrex issued a similar statement. 

    “Due to an increased amount of traffic, we’re experiencing some technical issues and our team is currently working diligently to fix this. We appreciate your patience and will provide an update as soon as possible.”

    The recent developments seem to be part of a joint effort to stop retail investors from buying cryptocurrencies and book profits. Even though inexperienced traders could be benefited from such restrictions, it puts into perspective the need for decentralized and censorship-resistance exchanges.

    Disclosure: At the time of writing, this author held Bitcoin and Ethereum.

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    Source: www.financegates.net

    Author: financegates_k7q5f8https://www.financegates.net


    Beyond Coinbase: 8 Other Ways to Buy Bitcoin

    Beyond Coinbase: 8 Other Ways to Buy Bitcoin

    When Elon Musk adds #Bitcoin to his Twitter bio, you know buying bitcoin is in vogue again. 

    The cryptocurrency is pumping, perhaps not-too-coincidentally, as investing app Robinhood faces criticism for censoring stock and crypto trading in response to the Wall Street Bets saga. 

    With Robinhood taking heat, Coinbase is basking in the glow.

    Coinbase’s popularity has climbed to its highest point since 2017, and it’s now the ninth-most downloaded application on Apple’s (AAPL) U.S. app store as well.

    The centralized exchange is one of the oldest in the game and has historically been the U.S.’ go-to option for buying bitcoin (BTC) and its cohort of altcoins. Because buying on Coinbase is straightforward and it’s been around for so many market cycles, the service has strong brand recognition and network effects, making it a routine referral to newcomers looking to buy bitcoin. 

    As evidenced by the influx of new users, Coinbase is pretty popular. But a lot has changed since Bitcoin’s last market craze, and there are plenty of options for first-timers to buy their first bitcoin besides Coinbase, some of which offer lower fees to boot.

    Bear in mind, all exchanges are susceptible to outages when volumes spike. None of these exchanges are necessarily any better than Coinbase. This is just a sampling of some alternative options.

    Below are venues to buy bitcoin that are exclusive to the U.S. and which offer bitcoin buying and selling only. Their fees are comparable to or lower than Coinbase’s own and they generally have better uptime, even in times of high market volatility. 

    These platforms act as brokers, buying and selling bitcoin for their clients, instead of true exchanges where users can trade with each other.

    For U.S. users, Square’s (SQ) Cash App is probably the easiest and fastest place to buy bitcoin. You can hook up your bank account, which can take a few days to onboard, or use your debit card, which can be used to start buying bitcoin instantly. 

    Available on mobile and web, Cash App allows you to purchase up to $100,000 per week in bitcoin, as well as withdraw $2,000 every day and $5,000 each week.

    Cash App also offers automatic recurring buys and has a debit card which gives holders bitcoin-back rewards. Purchasing fees vary from roughly 1%-3% depending on the order size (the larger the order, the cheaper the fee). Cash App does not tack on a fee to withdraw.

    U.S.-exclusive River Financial is a relatively new, bitcoin-only broker that focuses on bringing a full suite of bitcoin-related client services to their customers. It’s not as easy as downloading Cash App, but River’s financial suite offers a number of services that make it a standout among bitcoin exchanges.

    River allows, for instance, Lightning Network deposits and withdrawals, which means you can deposit or take your bitcoin out of River instantly for zero (or near zero) network costs. You can also integrate your hardware wallet(s), which allows you to track the bitcoin you keep in cold storage on your River account. Like Cash App, you can set auto-recurring bitcoin buys. 

    River is built for larger purchases, as the minimum buy is $100, and it only allows for purchases using a U.S. bank account. River does not have a withdrawal fee and it charges anywhere from 1%-3% for buys, depending on size.

    Swan Bitcoin is not your traditional bitcoin on ramp. 

    The bitcoin-only service has become popular among bitcoiners because it allows its users to set daily recurring auto-buys for as little as a dollar. Swan users can also designate a wallet for withdrawals. It’s designed for bitcoiners who want to set a daily or weekly average buy, and it offers some of (if not the) lowest fees for spot bitcoin purchases in the U.S.

    Weekly purchases of $50 or more are subject to a 1.19% fee, unless the buyer prepays their fees through an annual savings plan, in which case fees are 0.99%. Swan does not charge withdrawal fees and only links to a bank account.

    Whether you are inside or outside the U.S., here are a few centralized exchanges that service an international clientele. 

    Each exchange featured below offers a mobile app (for Android and iOS) to manage your account on the go and allows fiat currency deposits through bank transfer or credit/debit cards. They also have Bitcoin’s Lightning Network enabled (or plan to do so in the near future), meaning clients can use this network to avoid high on-chain fees when withdrawing to self-custody.

    Trading fees on these bitcoin exchange platforms are lower than those of Coinbase and other brokers, usually roughly 0.1%-0.5% per trade. But the experience of buying bitcoin may not be as easy for newcomers because these exchanges, which include loads of altcoins, are really set up as trading venues before anything else. Consequently, those unaccustomed to cryptocurrency exchange layouts may find them more challenging to navigate than other options.

    An international exchange that is one of the oldest in the industry, Bitfinex supports trading in U.S. dollars, euros, British pounds, Japanese yens, China’s yuan and all major stablecoins. 

    As a plus for power users, Bitfinex also offers deposits and withdrawals using Bitcoin’s Lightning Network and Blockstream’s Liquid sidechain. 

    Bitfinex’s withdrawal fees for bitcoin are static at 0.0004 BTC.

    Kraken is one of the oldest U.S.-based exchanges and offers both spot trading for bitcoin and altcoins as well as leveraged trading. The exchange supports deposits in USD, EUR, CAD, AUD, GBP, CHF, JPY and major stablecoins.

    Withdrawal fees for bitcoin are set at 0.0005 BTC.

    OKCoin is an international exchange that accepts USD, EUR and Singapore dollar (SGD) deposits and major stablecoins. The exchange is in the process of integrating the Lightning Network, which should go live in February.

    As with other exchanges right now, OKCoin’s Bitcoin withdrawal fees are 0.0004 BTC.

    These bitcoin exchanges don’t require know-your-customer (KYC) identity verification and allow users to trade directly with each other without relinquishing their private keys to a third party (unlike the centralized exchanges explored above). Because you never relinquish your private keys to the exchange, no third party can freeze your funds on these services. 

    Non-KYC exchanges allow customers to buy bitcoin under the radar such that they don’t reveal sensitive personal information to a third party. As evidenced in the Ledger and BlockFi security breaches, not every hack ends in a loss of funds; exchanges and services that store KYC information are a honeypot for hackers, who sell stolen personal information like emails and physical addresses on the dark web.

    You’ll jump through more hoops if you buy bitcoin this way and it will be more difficult than the typical route, but the bitcoin will be “more private” as a result (though this typically comes at a high premium cost).

    Hodl Hodl is a global, peer-to-peer bitcoin exchange that uses multisignature wallets to escrow trades between users. 

    The Hodl Hodl marketplace gives traders the option to support whichever payment method they want (Zelle, PayPal, bank wire, altcoins, SWIFT, credit cards and gift cards). Once payment for a trade is complete, either party signs their end of the multisig wallet to release funds. In the event that there’s a disagreement, Hodl Hodl’s team arbitrates.

    Because Hodl Hodl doesn’t require KYC, bitcoin typically sells at a premium compared to other exchanges, anywhere from 5% up.

    Trading fees are split between the buyer and seller, 0.3% of each trade.

    Like Hodl Hodl, Bisq is a peer-to-peer bitcoin exchange, but it’s not web-hosted.

    Bisq is Bitcoin’s only self-hosted decentralized exchange. This means that each Bisq user must download the exchange’s software and run a Bisq node to trade on the service. A multisignature wallet is used to escrow trades.

    The exchange offers bitcoin and monero (XMR) trading with limits that range from 0.25 to 2 BTC for each trade, depending on the payment method (which are similar to Hodl Hodl’s). Market maker fees are 0.1% and taker fees are 0.7%; if users pay fees in BSQ, a bitcoin-colored coin that acts as Bisq’s exchange token, they are 0.05% for makers and 0.35% for takers.

    Source: cryptonewest.com

    Author: by admin


    Crypto.com Coin Tops 1-Day Volume of $160.20 Million (CRO)

    Crypto.com Coin Tops 1-Day Volume of $160.20 Million (CRO)

    Crypto.com Coin (CURRENCY:CRO) traded 2.3% lower against the dollar during the 1 day period ending at 23:00 PM Eastern on January 30th. Crypto.com Coin has a total market cap of $1.48 billion and approximately $160.20 million worth of Crypto.com Coin was traded on exchanges in the last day. In the last seven days, Crypto.com Coin has traded down 11.7% against the dollar. One Crypto.com Coin coin can now be bought for about $0.0644 or 0.00000190 BTC on popular exchanges.

    Here is how similar cryptocurrencies have performed in the last day:

  • Chainlink (LINK) traded 4.6% higher against the dollar and now trades at $23.39 or 0.00068851 BTC.
  • Aave (AAVE) traded up 6.7% against the dollar and now trades at $309.62 or 0.00911436 BTC.
  • Synthetix (SNX) traded up 15.7% against the dollar and now trades at $19.15 or 0.00056371 BTC.
  • THETA (THETA) traded 0.6% lower against the dollar and now trades at $2.01 or 0.00005926 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00002945 BTC.
  • Maker (MKR) traded up 9.7% against the dollar and now trades at $1,550.60 or 0.04564566 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00002944 BTC.
  • SushiSwap (SUSHI) traded up 21.1% against the dollar and now trades at $10.27 or 0.00030223 BTC.
  • Huobi Token (HT) traded up 9.9% against the dollar and now trades at $6.54 or 0.00019262 BTC.
  • Solana (SOL) traded up 14.1% against the dollar and now trades at $4.38 or 0.00012902 BTC.
  • Crypto.com Coin Profile

    Crypto.com Coin (CRYPTO:CRO) is a coin. It launched on November 14th, 2019. Crypto.com Coin’s total supply is 100,000,000,000 coins and its circulating supply is 22,948,858,446 coins. Crypto.com Coin’s official Twitter account is @cryptocom. Crypto.com Coin’s official website is www.crypto.com/en/chain. Crypto.com Coin’s official message board is blog.crypto.com. The Reddit community for Crypto.com Coin is /r/Crypto_com.

    According to CryptoCompare, “The mission of Crypto.com is to accelerate the world’s transition to crypto. The Crypto.com team aims to put cryptocurrency in every wallet with a strong focus on real-life use cases. Crypto.com Chain (CRO) is a cryptocurrency token issued on the Ethereum platform, with secondary distribution only. No pre-sale, no public sale, or ICO. “

    Crypto.com Coin Coin Trading

    Crypto.com Coin can be bought or sold on these cryptocurrency exchanges: . It is usually not possible to purchase alternative cryptocurrencies such as Crypto.com Coin directly using U.S. dollars. Investors seeking to acquire Crypto.com Coin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Crypto.com Coin using one of the exchanges listed above.

    Receive News & Updates for Crypto.com Coin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Crypto.com Coin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: mayfieldrecorder.com

    Author: Frank Smitson


    Krexbit.com exchange and crypto-lending platform Cred have signed a partnership agreement

    Krexbit.com exchange and crypto-lending platform Cred have signed a partnership agreement

    One of the largest cryptocurrency exchanges, Krexbit.com, has signed an agreement with the leading cryptocurrency lending platform, Cred, whose activities are aimed at creating decentralized financial products.
    As part of the agreement, Cred will transfer some of its ERC20 tokens to the Krexbit.com Chain and become the official provider of credit solutions in the DeFi ecosystem. Krexbit.com, in turn, will look for opportunities to use Cred services in its ecosystem.

    “We are excited to give Cred the opportunity to provide its services to more markets and users globally with the support of the Krexbit.com Chain,” commented Ted Lin, Krexbit.com Director of Growth. – New blocks in our blockchain are created every second. This will ensure fast transaction execution and convenient user interaction with the Cred platform.”

    “Cred sees Krexbit.com as a strong partner and investor. We are pleased to support the Krexbit.com Chain and look forward to deepening cooperation between Cred and Krexbit.com to provide sustainable and decentralized funding for everyone, ” said Dan Schatt, co-founder of Cred.

    Against the background of this announcement, the LBA grew by 13%.

    Last week, the Fantom Foundation announced a partnership with Krexbit.com Chain to develop a multi-active cross-chain ecosystem with support for multiple tokens.

    Source: dirpopulus.org

    Author: admin Website https://dirpopulus.org


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