Cryptocurrency Exchanges. Types and Comparison
A cryptocurrency exchange makes it possible to trade crypto assets. Crypto exchanges can be divided into categories and groups according to their type. All those types have their advantages and disadvantages, after exploring which a user can make an informed choice.
UBS’s Acquisition of Credit Suisse Brings Some Good and Bad for Crypto
UBS's acquisition of Credit Suisse could have both positive and negative implications for the cryptocurrency industry. The article notes that UBS is known for its conservative approach to financial services, while Credit Suisse has been more open to exploring digital assets and blockchain technology.
Italy Led Crypto Trading in Q4’22 – $112K per User
Italy led the charts as the highest crypto trading volume per person during the fourth quarter of 2022 with $111,265, according to a recent study from BitcoinCasinos.
NVIDIA CTO Slams Crypto: AI Offers Real Societal Benefits, Not Cryptocurrencies
NVIDIA's Chief Technology Officer, Michael Kagan, expressed skepticism about cryptocurrencies and their societal value in a recent interview with The Guardian. Kagan believes that AI applications like ChatGPT are more beneficial than crypto mining, highlighting NVIDIA's strained relationship with the crypto community. In 2021, NVIDIA released software that limited its graphics cards' ability to mine Ethereum, aiming to prioritize its preferred customers like AI researchers and gamers. NVIDIA's CTO praised AI applications like ChatGPT, which required approximately 10,000 NVIDIA graphics cards for its initial training. Kagan likened cryptocurrencies to high-frequency trading, an industry that had previously benefited his company, Mellanox, before its acquisition by NVIDIA. While acknowledging that customers buy their products, he emphasized that NVIDIA would not wholeheartedly redirect the company to support cryptocurrencies. The Guardian also noted NVIDIA's recent success in the AI market, with tens of thousands of NVIDIA's AI-focused processors sold to Microsoft and Amazon for their respective cloud computing services.
What Is Triangular Arbitrage and How to Use It?
Triangular arbitrage is a complex trading strategy exploiting price discrepancies between three assets. The trader exchanges one asset for a second, the second for a third, and the third for the first to earn from price differences.
India's Crypto Community Could Surpass 156 Million by Year-End: Statista Report
By 2027, the number of users in the Cryptocurrencies segment in India is expected to reach 191.80 million,.
India to Have Over 150 Million Crypto Users by the End of 2023? (Study)
According to a recent Statista report, India’s crypto community could surge to more than 156 million members by the end of the year.
Montenegro Charges Crypto Fugitive Do Kwon With Forgery
Prosecutors in Montenegro on Friday charged fugitive cryptocurrency entrepreneur Do Kwon with forgery and South Korean officials vowed to press for his extradition.
SEC Cautions Investors on the Risks of Investing in Crypto Asset Securities
The warning also highlighted that crypto exchanges may not have sufficient protections in place for investors.
Crypto Analyst Predicts XRP Price Will Surg Over 30% as Crypto Market Rises
A popular cryptocurrency analyst has predicted that the “next stop” for the price of $XRP, the native token of the XRP Ledger, may soon reach the $0.57 mark, which would represent an upside of around 32% from the cryptocurrency’s current price tag of around $0.42.
