CoinDesk published this video item, entitled “Bitcoin and Ether Trade Lower Along With Equity Markets” – below is their description.
Bitcoin (BTC) is holding above the support level of $16,000 while ether (ETH) dropped below $1,200 as on-chain researcher Lookonchain warned of selling pressure after a whale moved large amounts of ETH to Binance. Hashdex CEO and co-founder Marcelo Sampaio weighs in on the recent price actions and discusses his outlook on the broader crypto market.
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About This Source - CoinDesk
CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.
Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
The company has launched various cryptocurrencies: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.
Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.