exchange / 3 posts found
Crypto exchange Coinbase to support Easy Bank Transfers for UK users
Coinbase, the popular bitcoin & crypto exchange company, announced today it will be rolling out ‘Easy Bank Transfers’ for UK users. The new feature delivers an easy way to add funds to Coinbase accounts. Through a partnership with TrueLayer, one of Europe’s leading open banking platforms, Coinbase is able to support Easy Bank Transfers, which relies on open banking technology. In the weeks ahead, users will be able to link their bank account directly with their Coinbase account, without needing to enter their bank details, for a more convenient and user-friendly experience. “Coinbase is one of the first major crypto […]
BTC Exchange Balance Hits the Lowest Level in 4 Years
Cryptocurrency The world’s largest cryptocurrency, Bitcoin (BTC) is currently going through a substantial price recovery after losing almost 70% of its value in the past eight months. Amid the latest market recovery, the BTC balance on leading digital exchanges is plunging. According to Glassnode, an on-chain analytics platform, the Bitcoin exchange balance reached 2.37 million BTC on Friday, the lowest level since July 2018. Coinbase suffered the most due to the recent balance dip. In July 2022, Binance became the digital exchange with the largest Bitcoin holdings. On 6 August 2022, BTC stayed above $23,000 after a jump of approximately […]
CEO of cryptocurrency exchange FTX believes that Bitcoin has no future as a payments network
TL;DR: Sam Bankman-Fried said that he doesn’t believe Bitcoin can work as a payments network, criticizing the high energy costs of its proof-of-work algorithm and claiming it can’t sustain millions of transactions per second. He does, however, think that it has potential as a store of value. In a Monday interview, crypto billionaire Sam Bankman-Fried said that he doesn’t see a future for Bitcoin as a payments network. Bankman-Fried is the founder and CEO of FTX, one of the most popular cryptocurrency exchanges in the world. The thirty-year-old billionaire criticized Bitcoin’s underlying proof-of-work system, used to verify transactions, for its […]