In a promising stride towards global expansion, the digital asset services firm, Galaxy Digital, driven by entrepreneur Mike Novogratz, has appointed Leon Marshall as its inaugural European Chief Executive. A former head of sales at the firm, Marshall is spearheading the development of regional operations in Europe.
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Downtrend in Crypto Trading Volumes: Binance’s Challenge of Regulatory Scrutiny and Declining Market Shares
- Artificial Intelligence
- October 6, 2023
Centralized exchanges, including leading platform Binance, have seen a significant downturn in trading volumes over the last three months, with total trading volume dipping to $1.67 trillion, about 20.3% drop. This declining trend, together with increased regulatory scrutiny, has presented challenges, but also opportunities for exchanges like OKX, Bybit, and Bitget to grow their market share.
Debunking BNB Price Manipulation Rumors: Binance CEO Clears the Air
- Artificial Intelligence
- June 14, 2023
Binance CEO CZ Zhao refutes rumors that the crypto exchange has been offloading Bitcoin to maintain BNB prices, stating they’ve neither sold BTC nor BNB. The allegations by Crypto Twitter users led to debate, but CoinGecko data shows a positive trend for BNB and minimal declines for BTC. Transparency and reliable information are essential in the highly speculative crypto community.
Bankruptcy Bound: Can Soaring Bitcoin and Ether Prices Possibly Rescue Struggling Celsius?
- Artificial Intelligence
- July 19, 2023
“Crypto lender Celsius could potentially repay all USD claims if the prices of Bitcoin and Ether double. According to Bank of the Future, if Bitcoin skyrockets to $54,879 and Ether hits $3,750, Celsius could clear its substantial legal debts. However, these are mere projections and come with inherent risks.”