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Binance Loses 15% Market Share — But The Company Is Just Fine With It
Wednesday, May 17, 2023 - 5:45pm | 476Read More...In recent months, crypto behemoth Binance (CRYPTO: BNB) saw a dip in its market share by approximately 15 percentage points. Previously dominating 62% of the market in spot crypto trading volumes in February, Binance's share since slipped to an estimated 47% this month. Despite this...
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FTX's Fight For Billions: Can A Staggering $3.9B Crypto Treasure Be Reclaimed?
Thursday, May 4, 2023 - 10:17am | 307Read More...FTX Group is attempting to recover nearly $3.9 billion in funds, consisting of cash and cryptocurrency, from the insolvent digital asset lender Genesis Global Capital LLC and its solvent affiliate, GGC International Ltd. The funds in question are linked to $1.8 billion in loans and $273 million in...
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'Crypto Is Dead In America': Is Tech Guru Chamath Palihapitiya Overreacting, Or Is The End Near?
Monday, April 24, 2023 - 5:57pm | 392Read More...Cryptocurrencies are facing tough times in the U.S. due to regulators' aggressive approach to the industry, according to tech investor Chamath Palihapitiya in an interview for the All-In podcast. "Crypto is dead in America," stated the tech guru, who cited as a key...
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Bermuda Welcomes Coinbase With License To Initiate Operations: What It Means For Largest US-Based Exchange
Thursday, April 20, 2023 - 11:55am | 422Read More...Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has obtained a license to operate in Bermuda, signaling its plan to increase international business. The license from the Bermuda Monetary Authority allows Coinbase to launch an offshore derivatives exchange in Bermuda as soon as...
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FTX Founder Bankman-Fried Sparks Outrage Over Request To Tap $10M Insurance Funds
Thursday, March 30, 2023 - 11:04am | 404Read More...It's "unfair" and "inequitable" for former FTX CEO Sam Bankman-Fried to use the cryptocurrency company's $10 million insurance policy to pay his legal bills, lawyers say. Bankman-Fried, who is under investigation, has requested a court order that would allow him to...
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How Much Does It Cost To Visit Twitter HQ? Elon Musk's Answer Causes Dogecoin Value To Spike
Thursday, March 23, 2023 - 10:04am | 384Read More...Tech billionaire and Dogecoin (CRYPTO: DOGE) advocate Elon Musk made a joke about a fee for visiting Twitter headquarters, which he suggested should be paid in DOGE. Responding to a user who expressed interest in visiting the social media company's head office, Musk quipped that it would "...
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Unstoppable Crypto Heists? 41 DeFi Platforms Fall Victim To Deadly Art Of Oracle Manipulation
Friday, March 10, 2023 - 12:48pm | 417Read More...DeFi protocols lost $386.2 million in 41 separate oracle manipulation attacks in 2022, according to a recent research report. These attacks occur when bad actors manipulate the price oracles that DeFi protocols use to ensure assets on their platforms are priced in accordance with the wider...
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Coinbase Suspends BUSD Trading After Stablecoin Fails To Meet Listing Requirements
Monday, February 27, 2023 - 2:25pm | 277Read More...Cryptocurrency exchange Coinbase (NASDAQ: COIN) on Monday announced that it will suspend trading of stablecoin Binance USD (CRYPTO: BUSD) on March 13 this year, due to non-compliance with the platform's listing requirements. The decision was made following a recent review of assets listed on...
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Retail Investors Lost Half Of Bitcoin Investment: Why The Globe Should Coordinate Regulation
Tuesday, February 21, 2023 - 1:29pm | 588Read More...Major cryptocurrency debacles of 2022 caused a surge in retail crypto trading. However, large investors sold their assets at the expense of smaller investors who were attempting to diversify their assets during moments of crisis, according to new data from the Bank for International...
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Morgan Stanley: Stablecoins Vital To Crypto Trading, Will Compete With Traditional Banks
Tuesday, February 14, 2023 - 12:19pm | 365Read More...Morgan Stanley (NYSE: MS) researchers say stablecoin products can potentially compete with traditional banking systems, and its falling market capitalization indicates a reduction in cryptocurrency liquidity and leverage, Coindesk reported. Stablecoins are a type of cryptocurrency whose value is...
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Uniswap Foundation Suggests Modifying Governance, Voting Procedures Of Crypto DEX
Friday, December 9, 2022 - 3:26pm | 264Read More...Decentralized cryptocurrency trading platform Uniswap is putting to vote a number of governance modifications it says will simplify voting in the so-called "decentralized autonomous organization." According to Devin Walsh, executive director of the Uniswap Foundation, members of the...
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Struggling Cryptocurrency Lender Genesis Owes Debtors $1.8B
Monday, December 5, 2022 - 11:26am | 267Read More...Genesis owes at least $1.8 billion to its creditors, according to multiple media reports. The troubled crypto trading and lending company owes users of Gemini's Earn program $900 million and another $900 million to a group of assorted debtors represented by law firm Proskauer Rose. Another ad...
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Blockchain.com Needs Cash As Valuation Plunges 70%: Will VCs Back The Struggling Startup?
Friday, October 28, 2022 - 2:51pm | 605Read More...Cryptocurrency exchange Blockchain.com is in the midst of a down-round fundraising campaign, which may result in a valuation reduction of more than 70%. According to a Bloomberg report, the company plans to raise money at a fraction of the $14 billion valuation it earned earlier this year....
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This City Wants To Make A Crypto Comeback, But Will Beijing Quash The Effort?
Thursday, October 27, 2022 - 11:12am | 539Read More...Hong Kong wants to establish itself as a center for cryptocurrencies and is implementing new regulations that would make trading in digital assets by retailers legal in the city. The initiative, which is set to begin in March 2023, would require crypto platforms to obtain licenses, according to a...
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Want To Trade Bitcoin, Ethereum And Dogecoin? You Might Have To Take A Test To Trade In This Country
Wednesday, October 26, 2022 - 12:43pm | 643Read More...Singapore may soon require retail investors to pass an assessment and refrain from using leverage or credit while trading in cryptocurrencies. This was proposed as part of a series of strict measures from the Monetary Authority of Singapore (MAS) to raise citizens' awareness of the...
















