Category: Cryptocurrency News

So from what I've read the blockchain seems amazing and filled with potential. What I am having having a hard time understanding is what that has to do with the price of cryptocurrency. Where I am lacking understanding is how does the utilization of a project translate to increased value of a coin. I understand…
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Hi, I'm new to mining and crypto-currency trading and I wanted to use my binance wallet to send what I'm mining in now. But when I check my wallets, it tells me I have to choose between ERC20, BEP2 and BEP20. From my understanding I have to pick ERC20 or BEP20, and that excluding the…
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AirSwap DAO, a builder of peer-to-peer technology for the exchange of digital assets, announced today it has launched its first complete web app: an all-new P2P DEX built entirely open-source and coordinated on the AirSwap community Discord and GitHub repositories. As of now, users can go to airswap.io to try out the new DEX with swaps between WETH,…
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submitted by /u/cartisimpson [link] [comments]

Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized.

Algorand is so fast and so cheap that it's tailor made for meme coiners and traders. There is a new ecosystem of meme coins on Algorand battling it out for top meme coin on Algorand. It's very early and only the top coin has over $1 market cap. Most coins seem to have a nice…
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Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto […]

Crypto Exchange FTX US reported great growth during 2021 third quarter with an average daily trading volume of approximately $360 billion, a 512% jump from the second quarter. FTX US’ user count surged 52% quarter-over-quarter, increased its headcount by 30%, and held about 4.5% of the U.S. crypto spot market’s volume by September 30th, a 2% increase compared to the beginning of the quarter. The company has reached a total value of $25 billion.  Related Reading | Solana, FTX, Lightspeed Ventures To Launch $100M Web3 Gaming Fund Brett Harrison, President of FTX US, commented during a Yahoo Finance interview: The trust and support of our user base has allowed FTX US to become the fastest growing and most in-demand crypto exchange in the US, but we have barely scratched the surface. We will continue to improve our existing offerings and rapidly expand into new areas, including derivatives, NFTs, and payment services. Institutions Make 60% Of FTX US’s Trading Volume The growth shows a contrast with the Q3 report from crypto exchange giant Coinbase, which showed a 29.2% drop in their trading volume and a transacting user count decrease of 16%, from 8.8 million to 7.4 million quarter-over-quarter. The main difference between FTX US and Coinbase, Harrison explained, is that the latter sees more retail volume, while 60% of FTX US’s volume comes from institutions like hedge funds, high-frequency and proprietary trading firms. FTX had great brand exposure and marketing strategy during Q3. Harrison stated that the successful numbers are partially owed to the sports partnerships with distinguished athletes such as Tom Brady -and his wife, Gisele Bündchen-, alliances with Major League Baseball and the Miami Heat, as well as the weight of institutional investors in the platform. Harrison commented to a news portal: “We’re now really being able to activate those partnerships and use them to advertise for our brand, to run promotions, to run giveaways and get people excited about signing up for our product,” He also commented on FTX US’s aim to expand into the NFTs ecosystem, having recently launched a Solana-based NFTs marketplace of their own that focuses on providing “simpler, safer and easier tools to remove the barriers (…) to enter the NFT space”. Their NFT project interconnects with the alliances with the athletes: Many of our partnerships with these athletes involve NFTs and intellectual property that can be used for NFTs in some way, to really be able to activate those and bring exclusive NFTs to the FTX marketplace that no one else has, we really want to improve our offering there.  Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase FTX US Role On Crypto Regulatory Policies During the third quarter, attracted by the crypto derivatives trading volume, FTX US acquired LedgerX, now rebranded as FTX US Derivatives. The acquisition has the purpose of offering retail and investors clients licensed crypto futures and options, as well as utilizing it as a shortcut to not spend “what could have been years” to receive licenses. This brought growth of demand from enthusiastic institutional customers. Brett Harrison further commented on the subject: FTX US Derivatives, will enable us to provide licensed crypto futures and options to our retail and institutional customers and has placed us in the unique position to reshape the US derivatives market. To achieve our goals, we will be in constant communication with regulatory agencies and are hoping to play a central role in defining crypto regulatory policy in the US.