Binance Claimed Over 90% of Bitcoin Spot Market in 2022 Per Arcane’s Latest Report
Crypto analytics company Arcane Research released a new report about the state of digital assets markets.
Crypto analytics company Arcane Research released a new report about the state of digital assets markets.
Happy and prosperous New Year 2023! May your digital wallets be full of coins and tokens and crypto portfolios dominated by green numbers this year – perhaps also with the help of our weekly Top 3 Coins to watch articles. Despite the good wishes, the last week of 2022 did not bring many green numbers as the slight downtrend expectedly continued and brought the total cryptocurrency market capitalization down by another $5 billion to the current $820 billion level. One can either wait for the general trend to turn upwards again or try to defy the market average by doing the homework and picking only the best of investment opportunities from more than 22,000 cryptocurrencies available. For the first week of 2023, we have selected the following three cryptos.
Chingari, the quickest growing short-video sharing platform in India with more than 32 million daily active users, has announced an exclusive initial exchange offering (IEO) of its native GARI token on OKEx, the world’s second-largest cryptocurrency exchange in terms of trading volume.
After a series of regulatory clampdowns that date back all the way back to 2013, China has decided to issue a blanket ban on all cryptocurrency activity in the country on September 24. As expected, native tokens of crypto exchanges that were offering their services to Chinese users, such as OKB and Huobi token, have been particularly hard hit. However, Binance Coin remained relatively unaffected by the news.
Huobi Global revealed its plans for a gradual withdrawal from the Chinese market. One of the largest cryptocurrency exchanges announced that new account registrations were suspended in order “to comply with local laws and regulations.” The policy change was put into effect almost immediately after the news of China banning crypto transactions became known.