FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’

Sam Bankman-Fried, the CEO of surging crypto derivatives exchange, FTX, has slashed its maximum leverage in a move to promote responsible trading practices. Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users.

Amazon plans to accept Bitcoin payments this year, claims insider

 “It begins with Bitcoin,” an anonymous insider said in describing Amazon’s intent to enter the cryptocurrency payments arena. Amazon plans to accept Bitcoin payments this year, An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions. 

BTC bulls await breakout above 50-day EMA

BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs. A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May 2021 sell-off.

Finding the sweet spot: Traditional financial institutions ready for DeFi

With the announcement of Aave Pro, a DeFi platform exclusively for institutional investors, the big boys may finally be getting ready to play with blockchain. Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted.

43% of Singaporeans own crypto, according to an Independent Reserve survey

Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other digital assets, according to a new survey conducted by the Asia-Pacific cryptocurrency exchange Independent Reserve. 

VeChain Sets All-Time High Where Bitcoin, Ethereum see resistance

Dai vs. Traditional Fiat: Examining the Advantages and Disadvantages

In the world of finance, the emergence of cryptocurrencies has brought about significant changes to the traditional financial landscape. One such cryptocurrency that has gained considerable attention is Dai. In ...
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Finding the Best Crypto News Sources in 2023

The cryptocurrency market is fast-paced and ever-changing. With new projects launching, regulations shifting, and prices fluctuating daily, it's essential for crypto investors to stay up-to-date on the latest developments. However, ...
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Top 5 Best Memecoins in 2023

It's the year 2023, and the meme culture got more popular than anytime. Every industry started to use memes for marketing or purely for fun. The crypto space is not ...
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Momentum Trading in Cryptocurrencies: Riding the Price Trends to Profit in 2023

In the ever-evolving world of cryptocurrencies, momentum trading has emerged as a prominent strategy for savvy investors seeking to capitalize on price trends. With the volatile nature of digital assets, ...
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Australian crypto exchange launches learning scheme

Australian crypto exchange launches learning scheme

There has barely been a day over the past year or so when crypto has been out of the news in Australia. It all began with the sudden collapse of ...
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