Vauld was established three and a half years ago as a crypto lending and trading platform out of Singapore with backing from multiple venture-capital investment firms. It currently serves 350,000 customers, primarily in the Asian market, including India. Vauld works by aggregating capital, which is then deployed to generate a yield that is passed on to its customers. It also … [Read more...] about Crypto in Asia: Wealth Accumulation, not Decentralization
Accumulation
Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing
Despite Bitcoin (BTC) crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC.According to Glassnode’s Monday “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 … [Read more...] about Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing
3 altcoins showing signs of accumulation, while Bitcoin price is down
Crypto markets faced another day of struggle on Thursday as the price of Bitcoin (BTC) dropped to its “final support zone” near $31,000, which prompted traders to issue dire predictions about the future should bulls fail to hold this level. Despite the struggles facing the crypto market at large, relatively obscure altcoins such as Aavegotchi (GHST), Centric Cash (CNS) and … [Read more...] about 3 altcoins showing signs of accumulation, while Bitcoin price is down
Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week's unlocking of more than $550 million worth of Grayscale's GBTC shares.Data from Cointelegraph Markets Pro and TradingView shows that the early morning … [Read more...] about Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Bitcoin exchange supply hits a 6-month low as accumulation continues
The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed. At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics firm Santiment. “The 6-month low is a promising sign, as it generally will indicate that there is a … [Read more...] about Bitcoin exchange supply hits a 6-month low as accumulation continues