“Crypto payments in C2B [consumer-to-business] merchant acceptance are still nascent today,” according to a recent white paper from payments firm Nuvei. “Crypto merchant payments today represent an estimated annual volume of $6 billion, a tiny fraction of the $10 trillion C2B global eCommerce market.” Source link … [Read more...] about FTX Readies Visa Debit Card for Users to Spend Crypto Balances
Balances
Ether balances on centralized exchanges fall to lowest level since June 2019
According to analysis from on-chain analytics provider Glassnode, the sum of Ethereum on exchanges has fallen to its lowest level for almost two years.Glassnode estimates that just 13.3 million Ether is currently held on centralized exchanges, the lowest it has been since June 2019. As such, centralized platforms hold roughly $52.4 billion worth of ETH or 11.5% of Ethereum’s … [Read more...] about Ether balances on centralized exchanges fall to lowest level since June 2019
Bitcoin Could Dip Lower as Exchange Balances Increase in the Last Week
In brief:Data from Chainalysis suggests that Bitcoin balances on exchanges have increased in the last weekThis is as Bitcoin struggles to maintain the $55k support areaAn increase in Bitcoin balances on exchanges could hint of more selling pressure as seen with the $1 Billion BTC deposit to Gemini before the weekly close$52k and $48k provide the next level of macro support for … [Read more...] about Bitcoin Could Dip Lower as Exchange Balances Increase in the Last Week