Market Update

Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities.

This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoins have been in the news recently.

We start off this week’s show with the latest news in the markets:

SEC lawsuit against Paxos over BUSD baffles crypto community

On Feb. 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin, alleging that the stablecoin is an unregistered security. On the same day, the New York Department of Financial Services ordered Paxos to halt the issuance of BUSD. This led to various members of the crypto community taking to Twitter to give their takes on the situation. From disregarding the issue as “FUD” to calling it an attack against the Binance exchange, crypto community members laid down various theories on the allegations that BUSD is an unregistered security. We take a look at some of these theories and offer some of our own.

Out of the Ordinal-ry: Bitcoin average block size hits all-time high

Bitcoin’s average block size has hit all-time highs above 2.5 megabytes for the first time since its inception in 2009, driven by the launch of nonfungible token (NFT) protocol Ordinals in January 2023. As Cointelegraph reported, participants from the Bitcoin mining ecosystem have already made over $600,000 processing transactions of Ordinals, which have been dubbed as Bitcoin-based NFTs. Our experts discuss why this is a significant moment for Bitcoin and also explain what Ordinals actually are.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Leverage.

Market expert Marcel Pechman then carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.

Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro worth $100.

The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to the Cointelegraph Markets & Research YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Why are artificial intelligence tokens going parabolic? Watch Market Talks live

Join us as we discuss the reasons behind the recent price rally of artificial intelligence tokens.

In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi).

Without wasting any time, we jump straight into why artificial intelligence (AI) tokens have been going parabolic recently. Why have tokens that use artificial intelligence in some way been having their moment in the sun, and is this a trend that will continue into the future or is it just a passing fad? 

There have recently been a number of memecoins that have been moving upw, too. We get into why this is the case and which memecoins you should be keeping an eye on.

There has been a sense of newfound euphoria in the market since we’ve seen consecutive green candles across the board. This has also brought out a lot of influencers spamming Twitter with low-cap coins that are performing surprisingly well, but what should you make of this current sentiment, and will it be short-lived?

For some people in the crypto space, it’s difficult to detach themselves from everything happening in the market and take a step back to look at events that are taking place outside of crypto. We take a look at what some of these events might be and if you should be paying attention to them.

Even though the first month of 2023 is over, there is still a lot this year could have to offer. We take a look at some predictions for the year and rate their outcome on a “low, medium and high” scale to work out the probability of each prediction coming to fruition. One of the major events for this year is the staked Ether unlock. We discuss how it will play out and who is positioned well to benefit in the Ether (ETH) liquid-staked derivatives market.

Make sure to stay tuned until the end to get all of these insights and more. Cointelegraph will also be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks streams live every Thursday at 12:00 pm ET (5:00 pm UTC). Each week, it features interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Bitcoin dominates as primary focus for digital asset investors: Report

According to CoinShares, digital asset investment products saw inflows totaling $76 million last week.

On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.

The report indicates a change in investor sentiment for the start of 2023, with year-to-date inflows now at $230 million. This growth has led to an increase in total assets under management (AUM), which now stands at $30.3 billion — the highest since mid-August 2022.

Investors are primarily focusing on Bitcoin (BTC), with weekly inflows of $69 million, accounting for 90% of total flows for the week. This investment growth primarily comes from the United States, Canada and Germany, with weekly inflows of $38 million, $25 million and $24 million, respectively.

However, opinions are divided over the sustainability of this growth, with short-Bitcoin inflows totaling $8.2 million over the same period. Although these inflows are relatively small compared to long-Bitcoin inflows, they have increased by 26% of total AUM over the last three weeks. Despite this, the short-Bitcoin trade has not attracted sizable interest year-to-date, with total short-Bitcoin AUM falling by 9.2%.

Altcoins also saw some minor inflows, with Solana (SOL), Cardano (ADA) and Polygon (MATIC) investment products all posting modest declines. Despite the growing clarity around unstaking, Ether (ETH) producers only received $700,000 in inflows.

Related: Digital asset investment products see highest inflows since July 2022: Report

Overall, positive inflows into digital asset investment products highlight investors’ growing confidence in the market. Altcoin activity also suggests that the digital asset market remains diverse and constantly evolving.

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

Join us as we discuss BTC’s recent price rally coming on the heels of the latest United States Federal Reserve meeting.

In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen, a United States-based software company developing compliance software for a well-regulated crypto space.

To kick things off, we get to know White a little better and find out his background and what drew him to the space. We also find out what he’s looking forward to the most this year in the crypto market and how 2023 is going to differ from 2022.

The big question on everyone’s minds is What will be the catalyst that brings institutional investors back into the crypto markets, and how can they avoid the same risks that crippled them before? Are regulations the answer? 

Several cryptocurrency exchanges have come under regulatory fire recently. It might only be a matter of time before Binance gets some confrontation from high-level enforcement agencies. Keeping this in mind, we ask White what trends he sees emerging with centralized exchanges in the near future.

We dive into the topic of regulation and what role it should play in crypto, especially within centralized exchanges and decentralized finance (DeFi). 

Got an idea for a nonfungible token project but no experience in programming, smart contracts or anything related to crypto? Don’t worry, we ask White what the best way to launch your collection on OpenSea safely is. There might be a pro tip in there for you as well, so make sure you’re paying attention. 

Make sure to stay tuned until the end to get all of these insights and more. Cointelegraph will also be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks streams live every Thursday at 12:00 pm ET (5:00 pm UTC). Each week, it features interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what the second month of 2023 could potentially hold for BTC.

This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February.

We start off this week’s show with the latest news in the markets:

Best January since 2013? 5 things to know in Bitcoin this week

After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date, with the monthly close just 48 hours away — can the gains hold? Throughout, concerns have called for an imminent come-down, and even new macro BTC price lows as disbelief swept the market. That grim turnaround has yet to come to fruition, and the coming days could yet turn out to be a crucial period for Bitcoin’s long-term trend. It’s going to be a busy week for the markets as the United States Federal Reserve will decide on its next rate hike this week, with Fed Chairman Jerome Powell giving much-anticipated commentary on the economy and policy. The European Central Bank will make the same decision a day later. Add to that the psychological pressure of the monthly close, and it is easy to see how the coming week could be more volatile in Bitcoin’s recent history. So, buckle up as our experts break down the five key things to know in Bitcoin this week.

Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals

At the time of writing, the price of 1 BTC on the Nigerian crypto exchange NairaEX is 17.2 million nairas, equating to a whopping $37,341. That is a hefty premium over the current market price of Bitcoin, around $22,874 at the time of writing. It comes as the Central Bank of Nigeria has continued to impose limits on ATM cash withdrawals amid an ongoing effort to accelerate its shift to a cashless society. Will this have any impact on the price of Bitcoin, considering more and more people will be flocking to purchase the top digital currency, and how will it impact the rest of the markets?

Elon Musk wants Twitter payments system built with crypto in mind

Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future. The payment feature will support fiat currencies to start with but will have the capability to accommodate cryptocurrencies if the opportunity arises. For now, things are still pretty vague as to whether the system will involve blockchain or crypto technology, but people are hopeful considering the Twitter CEO has had a lot of influence in the crypto space.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: How do you evaluate a crypto project?

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.

Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro worth $100.

The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Why is crypto pumping? Watch The Market Report live

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the reasons behind the latest crypto pump.

This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out.

We start off this week’s show with the latest news in the markets:

Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

Bitcoin rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is that the move brought demand from Asia-based retail investors, according to data from a key stablecoin premium indicator. Another bit of bullish information came on Jan. 20 after United States Federal Reserve Governor Christopher Waller reinforced the market expectation of a 25 basis point interest rate increase in February. Do these and other odds favor a rally toward $24,000 or maybe even $25,000? 

SEC commissioner reminds of ‘the point of crypto’ as market aims for recovery

Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, said that after a terrible year, industry players need to remember what crypto is really about. In a speech at the Digital Assets at Duke conference, Peirce laid down some lessons to be learned from the issues that the crypto industry had to face last year. According to the commissioner, 2022 was a “terrible, horrible, no good, very bad year” for both the crypto space and regulators. However, Peirce believes there are valuable takeaways from the series of problems that arose last year. To find out what she thinks crypto is really about, make sure to tune in to the live show.

Bitcoin price stays near $23K as data shows hodlers not selling BTC

With BTC up 40% in January, a further point of concern focused on the temptation to take profits. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode nonetheless pointed out that long-term holders remained broadly steadfast in their resolve not to exit the market — even after more than a year of losses. Is this another signal of strength and conviction across the crypto space? Our experts break it down for you.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: What is cryptocurrency copy trading?

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.

Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro worth $100.

The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Is this a bull run or a bull trap? Watch The Market Report live

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss whether the recent price rally is a bull run or a bull trap.

This week on The Market Report, the resident experts at Cointelegraph discuss whether the recent and long-awaited Bitcoin (BTC) price rally is a bull run and the beginning of the next bull market or whether it is just a bull trap and investors should be cautious.

We start off this week’s show with the latest news in the markets:

Bitcoin price breakout or bull trap? 5K Twitter users weigh in

Bitcoin is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion among Bitcoin bear market survivors. Crypto Twitter is abuzz with everyone from professional traders to crypto newbs weighing in on the recent price action. Some are calling it a bull trap, while others are a bit more optimistic. We take a look at some of the trending tweets to get a feel of the market sentiment right now.

Bitcoin could see $25K by March 2023 as US dollar prints ‘death cross’ — Analysis

Bitcoin shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. We take a look at some of these indicators and discuss what they mean for the price of Bitcoin in the near future.

Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

Bitcoin hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. Analyzing order book composition for BTC/USD on the largest exchange, Binance, Material Indicators expressed surprise that those bidding Bitcoin higher had not yet pulled support. Can the markets be manipulated in such a way? Is this something that has happened before or occurs regularly, and how does it impact the overall crypto market? Our experts are here to break it down for you and explain it in easy-to-understand language so you’re not left scratching your head.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: What is a bull run exactly?

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.

Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift voucher to the Cointelegraph swag store.

The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

What to expect from the crypto market in 2023: Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what we can expect from the cryptocurrency market in the new year.

This week on The Market Report, the resident experts at Cointelegraph discuss what investors can expect from the cryptocurrency market in 2023. Will this bear market carry on, or will we see the beginning of the bull market? Also up for discussion is what projects have the potential to make a splash in 2023.

We start off this week’s show with the latest news in the markets:

4 ‘emerging narratives’ in crypto to watch for: Trading firm

Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland, has pointed to several “green shoots” to break the surface in crypto in 2023. Make sure to listen as our experts go over which industries have the potential to break out in 2023.

Crypto community expresses Christmas market sentiments: ‘No Santa rally’

Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the holidays. A community member pointed out that the lack of movements may be because of the controversies surrounding centralized exchanges. Were you expecting a Santa rally like many others? Let us know by tuning in and having your voice heard in the YouTube chat.

Bitcoin exchange withdrawals sink to 7-month low as users forget FTX

Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six months. After seeing an overwhelming surge in light of the FTX meltdown, BTC withdrawals from exchange wallets have entirely reversed the spike, which began around six weeks ago. Are people getting too comfortable with keeping their coins on exchanges once again? Should everyone really move to offline storage? 

CZ addresses reasons behind Binance’s recent FUD

Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance’s FUD is primarily caused by external factors — not by the exchange itself. Is it all the recent bankruptcies or the fact that the community hates centralization? Our experts break down everything CZ had to say.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Crypto cards.

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.

Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift voucher to the Cointelegraph swag store.

The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space.

We start off this week’s show with the latest news in the markets:

New BTC miner capitulation? 5 things to know in Bitcoin this week

Bitcoin prepares to exit a grim November just above $16,000 — what could be on the menu for BTC’s price this week? We discuss the protests in China, the possibility of Bitcoin miners being on the verge of capitulation and other important things to know about Bitcoin this week. We break down everything that could affect the price of Bitcoin and explain in simple, easy-to-understand language so you’re up-to-date and well-informed.

BlockFi bankruptcy filing triggers a wide range of community reaction

As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market. We take a look at what the crypto community thinks of the BlockFi bankruptcy and do our own analysis as to what could possibly be the reason.

Calls for regulation get louder as FTX contagion continues to spread

Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. Could the whole FTX debacle be the catalyst that crypto regulators needed? Will the industry finally see some serious progress being made on the regulation front, and what could those regulations possibly look like? 

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto. 

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: High-Frequency Trading (HFT).

Market expert Marcel Pechman then carefully examines the BTC and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Cointelegraph’s Market pro worth $100.

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.

We start off this week’s show with the latest news in the markets:

GBTC next BTC price black swan? — 5 things to know in Bitcoin this week

Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX.

Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the next black swan event? We break down all the details surrounding GBTC to keep you up-to-date. 

Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

The total crypto market capitalization has dropped under $800 billion, but data highlights a few reasons why some traders are bullish. Our very own Marcel Pechman breaks down why some traders are actually bullish, a sentiment that seems highly counter-intuitive. Marcel has some very good reasons for this, so make sure you tune in to find out.

Cardano to launch new algorithmic stablecoin in 2023

Proof-of-stake blockchain platform Cardano has partnered with Coti, a directed acyclic graph-based layer-1 protocol, to launch what it refers to as an overcollateralized algorithmic stablecoin. The project said in an announcement provided to Cointelegraph that the stablecoin would be backed by excess collateral in the form of cryptocurrency stored in a reserve. Do we need another stablecoin? How will this one be different from the existing stablecoins already in circulation?

CoinMarketCap launches proof-of-reserve tracker for crypto exchanges

CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform that gives users updated financial insights on exchanges.

The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the tracker details the total assets of the company, and its affiliated public wallet addresses, along with the balances, current price and values of the wallets. Our experts break down the need for such a tool and how it helps the industry.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there, and we’ll make sure to get you your answers. 

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.