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Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover
8.9.2023
Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some...
Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply
8.9.2023
Since August 11, 2023, the number of unique digital wallets storing the iris-scanning cryptocurrency worldcoin (WLD) stood around 468,466. But in the weeks since, ownership of the fledgling crypto has expanded by over 26% to 591,633 wallets. However, worldcoin’s value has moved in...
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
8.9.2023
The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said
Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto users
8.9.2023
Alvi says the company is focused on bringing the next billion users to crypto, and attracting pro traders is a major part of its plans
Terra Luna Classic Price Prediction as Daily Trading Volume Falls to $12 Million – Is It All Over for LUNC?
8.9.2023
The Terra Luna Classic price has risen by a modest 0.5% in the past 24 hours, with its little jump to $0.00006095 coming as the wider cryptocurrency market recovers by 1% today.
Despite this slight improvement, LUNC remains down by 1% in a week and by 22% in the last 30 days, while the altcoin...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex
8.9.2023
The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
8.9.2023
The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the agency
Bitcoin Price Prediction as Daily Trading Volume Falls Below Ethereum – Will ETH Overtake BTC?
7.9.2023
Amidst the dynamic crypto landscape, Bitcoin currently trades at $25,787, reflecting a subtle rise of 0.04 percent on Thursday. However, a confluence of factors has spurred speculations on its future trajectory. Notably, the 'historic' heatwave has taken a toll on the crypto mining industry...
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
7.9.2023
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC)
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
7.9.2023
The crypto exchange's promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams
Chainlink Price Prediction as $200 Million Trading Volume Comes In – Are Whales Buying?
7.9.2023
The Chainlink price has risen by 1.5% in the past 24 hours, with its jump to $6.22 coming as the cryptocurrency market as a whole declines a little.
LINK is now up by 3% in the past week, with the altcoin bucking market trends by virtue of the recent news that payment network Swift has used...
Bitcoin, Ethereum Technical Analysis: ETH Stalls Around Key Price Floor, as BTC Bulls Remain Sidelined
7.9.2023
Ethereum continued to trade around a key price floor of $1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session....
First Mover Americas: Crypto Trading Volume Hits 4-Year Low
7.9.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto Spot Market August Trading Volume Hits 4.5-Year Low as Volatility Fails to Spur Activity
7.9.2023
Volatility following the Grayscale's court victory over the SEC failed to translate into trading volumes on centralized exchanges, CCData said
Convicted Ex-OpenSea Manager Chooses to Serve Jail Time Amid Pending Appeal
7.9.2023
Nathaniel Chastain, a former manager at the non-fungible token (NFT) marketplace OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.
Chastain's lawyers submitted a letter to the New York District Court on Wednesday...
Former OpenSea manager withdraws application for bail pending appeal
7.9.2023
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence
Crypto Market-Making Profit Margins Take a Hit, Down 30% Amid Industry Changes
6.9.2023
The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.
One major factor contributing to this decline is the heightened caution among investors following the crypto market's downturn...
Bitfinex’s Resilience: Tracing its Transformation Throughout Crypto History
6.9.2023
Bitfinex, the pioneering cryptocurrency exchange, emerged in 2012, establishing itself as a trailblazer in the industry. With a resolute goal of offering a resilient trading platform for Bitcoin and other cryptocurrencies, Bitfinex swiftly garnered attention for its avant-garde trading tools...
Another Executive Exits Binance Amid Regulatory Scrutiny
6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...