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The Crypto Exchange Alliance

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The Crypto Exchange Alliance

In these uncertain times, digital exchange operators are standing together like never before.  How? Enter the Crypto Exchange Alliance.

Expertly headed by CEO, Kyle Chassé, the Crypto Exchange Alliance (CEA) seeks to build a next-generation liquidity ecosystem to democratise Crypto Exchanges everywhere. As one of the first to join, DRGx users can benefit from a range of fantastic benefits.  In the relentless quest to bring you the best trading experience possible, membership of the Crypto Exchange Alliance unlocks a whole host of benefits which complement Dragon Coin and the free, feature-packed Dragon Social Wallet.

The Crypto Exchange Alliance
Get your free Dragon Social Wallet today from – https://drgtoken.io/app.html

CEA’s cross-exchange order matching engine is designed to significantly increase liquidity across all CEA Member exchanges via a robust technical architecture which enables optimal execution of transactions to increase volume across exchanges.  CEA’s KYC/AML infrastructure protocols provide exchanges with huge cross-jurisdiction trading benefits, and to keep you up to date the Crypto Exchange Alliance have moved their meetings online to share developments and allow participants to join in with a Q&A session with organisers and guest speakers.  This is an excellent way to share feedback and suggestions to help strengthen the Alliance and introduce strategic partners who will showcase their products and explain how they will benefit the Alliance.

The Crypto Exchange Alliance
Image credit – https://exchangealliance.io

The first guest speaker for the Crypto Exchange Alliance was Jed Grant, CEO of KYC3 and an advisor to the Alliance.  As a Fintech Europe Top 200 Influencer, Jed is an expert on KYC for exchanges, compliance, travel rules and risk management.

Via his company KYC3.com, Jed offers quality data mining and risk management strategies using big data and his advice is instrumental to the Crypto Exchange Alliance staying at the forefront of all KYC/AML requirements while complying with FATF/FINCEN Travel Rules.  If you missed it just click here to access the recording.

The Crypto Exchange Alliance
Image credit – https://exchangealliance.io

Membership of the Crypto Exchange Alliance a statement of intent from the Dragon team and represents another step forward for DRGx, Dragon and the Ecosystem as a whole and we want to thank our supporters and followers for sticking with us through these challenging times. An exciting period of development is ahead of us and as always, feel free to join the discussion on Facebook or Twitter and remember to follow the Dragon Blog for the latest news and industry insights.


Digital currency trading is complex and not suitable for everybody. The valuation of digital currencies may fluctuate; you are responsible for all the risks and financial resources you use in your chosen trading system. Any content on this site should not be relied upon as advice or construed as providing recommendations of any kind.  If you do not fully understand these risks, you must seek independent advice.

Source: https://blog.dragon.online/crypto-exchange-alliance/

Blockchain

LINK Marines Lock and Load as Price Falls to Six Week Low

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Chainlink’s native token LINK has been one of the hottest crypto assets this year but that has not helped it escape this week’s big selloff.

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Crypto asset markets have dumped $35 billion in terms of total capitalization since the weekend and the sell-off looks set to continue as Bitcoin and its brethren weaken.

A number of crypto assets are retreating from their all-time highs this year and investors are looking for entry points. Chainlink is among them as one of the year’s best performing crypto assets cools off quicker than some of its competitors.

LINK Marines Loading Up

LINK prices have collapsed to their lowest levels for almost two months in a fall back to $7.30 according to Tradingview.com.

LINK price
LINK price – tradingview.com

There has been a minor recovery today as the token topped $8 again, but it is still massively down from its all-time high in mid-August. Back then the Chainlink token briefly touched $20 but it has been a downward slide ever since resulting in a 60% slump to current levels.

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This price zone serves as solid support, however, there may be another dip to the 200 day moving average which lies around the $6.60 level.

Crypto investors have been eyeing the charts and are loading up on LINK which could drive prices back up in the short term. Trader and analyst going by the twitter handle ‘RNB (Crypto Warrior)’ (@CryptoWarrior01), has seen the same chart predicting a bounce back to $10 or $12.

The sentiment has been echoed by fellow trader ‘MacroLINK’ (@MacroCRG), who has also admitted to becoming a ‘LINK Marine’ and entering at these levels.

Further downsides are expected though if markets continue to bleed as they have done for most of this week. Chainlink’s market capitalization is currently just over $3 billion which puts it ahead of Crypto.com but just below Binance Coin according to Coingecko.

Crypto Market Selloff Accelerates

LINK has not been the only token to suffer, however, it has been in a downtrend for around six weeks.

Bitcoin, which is largely the bellwether for the rest of the market, is holding crucial support just below $10,300 at the time of writing. Failure to hold here will see the asset tumble back into four figures pretty quickly.

Ethereum is also in pain, falling to its lowest level for three weeks and crucial support at $325. Many of the lower cap altcoins, especially the DeFi related ones have dumped 50% since their giddy peaks in recent weeks.


To get the daily price analysis, Follow us on TradingView

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/link-marines-lock-and-load-as-price-falls-to-six-week-low/

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Blockchain

Bitcoin’s realized cap has increased by more than 50 percent or $43 million

Bitcoin’s realized cap increased by over $43 million Ethereum had a new realized cap low of $22.4 billion in April 2020 This data is more accurate for the long-term investors Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000. Bitcoin’s current market capitalization is $190 […]

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  • Bitcoin’s realized cap increased by over $43 million
  • Ethereum had a new realized cap low of $22.4 billion in April 2020
  • This data is more accurate for the long-term investors

Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000.

Bitcoin’s current market capitalization is $190 billion. This new high implies that the BTC holders are profiting 65 percent.

Bitcoin’s realized cap shows the last price traded and multiplied by the total supply. For example, if the trader has BTC 100 coins and sells just one for $2, the market cap, in this case, is $200. 

The realized cap is measured by taking all coins at the price they last transacted on-chain. In essence, that’s the price the traders paid for Bitcoin.

That allows analysts to determine the amount of an asset’s original price for market partakers’ tax purposes. The exchanges where all orders, no matter if they are “buy” or “sell” orders, are directed through a central exchange. In other words, centralized exchanges are out of this estimation. So this data is more accurate when we speak about with a longer horizon.

What do the metrics chart show?

Bitcoin's realized cap has increased by more than 50 percent or $43 million 1
Image source: Glassnode

It’s easy to see that the realized cap remained to increased higher in the first quarter of 2018. Also, it is clearly shown the testing $90 billion in the period from January to May. It happened three times, notwithstanding prices having dropped back level lower than $10,000.

Also, the chart shows the Bitcoin’s realized cap was in a steady trend of growth.

How many crypto-addresses are successful?

Another research shows that over 72 percent of them are in profit at this moment. Most investments were made in the price scale from $1,040 to $5,285, and from $8,450 to $9,560.Ethereum tried to recover its previous.s highs.

It was a real struggle. ETH’s realized cap revealed the longer downtrends. In April 2020, it had a new low of $22.4 billion. Also, a smaller number of ETH addresses are profitable, according to available data, it is 62 percent. The most significant number of ETH was sold at $160.

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Blockchain

Gemini exchange now available for UK crypto investors

Gemini exchange has launched in the UK. The exchange will serve both retail and institutional investors. This follows the recent EMI license awarded to the company by FCA. Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement […]

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  • Gemini exchange has launched in the UK.
  • The exchange will serve both retail and institutional investors.
  • This follows the recent EMI license awarded to the company by FCA.

Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement that it has fully launched in the country. The Gemini exchange launch in the UK was said to be a part of its plan to expand its operations globally.

Gemini exchange launches in the UK

Following the recent announcement, both the retail and institutional UK investors can access Gemini exchange for services like crypto trading, custody services, and market data, all in their local currency. The exchange will reportedly offer additional features for the UK residents, such as local support and faster means of funding their accounts in pounds sterling (GBP), thereby avoiding exchange rate fees.

The UK is a global center of financial innovation with a stringent and progressive regulatory regime,” said Tyler Winklevoss, the CEO of Gemini exchange. “Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion, advancing our mission to empower individuals and organizations around the world through crypto.

Gemini registration in the UK

The launching of Gemini exchange in the United Kingdom follows the recent Electronic Money Institution (EMI) license that was awarded to the company by the UK’s Financial Conduct Authority (FCA). The exchange will be operating in full compliance with the regulator, given that it also received FCA’s approval under the Fifth Money Laundering Directive (5MLD) crypto-asset registration process.

As Cryptopolitan reported, two Gemini entities, namely Gemini Europe and Gemini Europe Services was approved in August and have been enlisted on FCA’s website as registered companies. Gemini Europe Services manages the exchange and custodian operation in Europe, while Gemini Europe facilitates e-money services.

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