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Prominent crypto analytics platform Santiment is alerting that several altcoins may be flashing a bearish signal. In a post on the social media platform X, Santiment says that some altcoins – including Sam Altman’s digital identification platform Worldcoin (WLD) and memecoin SPX6900 (SPX) – are being sent to exchanges in relatively large volumes. Generally speaking, coins being sent to exchanges is bearish since it implies more of the supply is available to be sold off on the open market. Other coins flashing the bearish signal include the governance token of the cloud-based blockchain platform Onyxcoin (XCN), the native asset of the automated staking service Lido DAO (LDO) and the utility token of digital asset exchange Crypto.com (CRO). “Several cryptocurrencies you may not have on your radar are seeing $1 million+ levels of coins moving to exchanges. This weekend, keep an eye on: XCN FDUSD SPX LDO CRO WLD.” Source: Santiment/X Looking...

According to a Jan. 10 blog post by Wu Blockchain, spot trading volume on major crypto exchanges increased by 27.4% month-on-month. The top three by percentage change were Gate with 65%, Crypto.com with 50%, and Bybit with 44%. The three that fell the most were BitMart by 24%, Bitget by 12%, and Upbit by 1%. Website traffic saw a 21% increase compared to the previous month. The top three by percentage change were Mexc with 45%, Bybit with 38%, and Gate with 34%. The bottom three were Huobi, which fell by 80%; BitMart, which decreased by 17%; and Bitget, which saw an 8% decline. December was a month of significant growth for the largest crypto ex change s. In November 2023, traffic on cryptocurrency ex change s grew by 8.5% compared to the previous month, and spot trading volume s grew by more than 60% during the same period. The top three regarding volume included Binance, South Korean Upbit, and OKX. In percentage terms, trading volumes increased the most on KuCoin, which mor...

Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move in recent days, attention is focusing on entities sending funds to exchanges — with the implication that selling pressure could increase as a result. As noted by market observers, including James Straten, research and data analyst at crypto insights firm CryptoSlate, over 10,000 BTC in inflows on a single day represented the biggest one-day increase for several months. “Yesterday, the most amount of Bitcoin went back onto exch...

Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification. The emergence of blockchain technology presents an opportunity to reexamine and innovate solutions used in our day-to-day life. Blockchains and, broadly speaking, the digital space fuelled by an artificial intelligence revolution urgently need to establish verifiable human identities to ensure trust, accountability and regulatory compliance. There are a variety of emerging technologies, both on- and off-chain, that could serve as the basis for a functioning trust framework. One solution, in particular, is often referred to as the holy grail of verifications — zero-knowledge Know Your Customer (zkKYC) verification. What are zk and KYC? ZK stands for zero-knowledge, a cryptography term used to create cryptographic proofs without revealing the underlying confidential information. Z-based solutions are pioneering privacy across the web. The blockchain industry fueled...