Upbit Launches EGLD Trading Pairs, Boosts Altcoin Market
South Korea’s largest exchange, Upbit, launches Elrond (EGLD) trading pairs with the Korean Won (KRW) and Bitcoin (BTC), boosting altcoin interest.
South Korea’s largest exchange, Upbit, launches Elrond (EGLD) trading pairs with the Korean Won (KRW) and Bitcoin (BTC), boosting altcoin interest.
Lee Woong-yeol has founded a partnership with Binance to initiate a crypto platform within the country aimed to be supported by local authorities and financial regulators.
According to a Netflow chart by Cryptoquant, the withdrawal of Bitcoin from exchanges has risen to its greatest levels in history during the last week.
In a horrific domino effect following FTX’s fall, over 157,000 Bitcoins have exited crypto exchanges everywhere.
Withdrawals from FTX and Coinbase Pro in significant amounts have led exchange reserves to the downside with current levels the lowest in 4.5 years.
In just 12 hours, three prominent crypto-related firms have reportedly been laying off a massive amount of their workforce. Read CNL.