Browsing:Market News

Shanghai Upgrade Unlikely to Impact ETH Price, Says Ether Capital CEO
1 year ago 1 min read

Ethereum’s Shanghai Upgrade Expected to Have Little Effect on Price, Says Ether Capital CEO

Brian Mosoff, CEO of Ether Capital, a technology company focused on the Ethereum network, believes that the upcoming Shanghai hard fork is unlikely to have a significant impact on the price of ether (ETH). The network’s Shapella upgrade, which is scheduled to take place on April 12, will allow users to withdraw the ETH they have staked in the Ethereum blockchain’s consensus system. While there is a lingering fear in the market that the unlocking of staked ETH could lead to a rush to liquidate and pressure on ETH’s price, Mosoff doesn’t see this happening. In fact, he believes that

Coinbase is losing one of its top executives
1 year ago 1 min read

Head of Coinbase Exchange Steps Down From Role

Coinbase, one of the leading U.S.-based cryptocurrency exchanges, is losing one of its top executives. Vishal Gupta, who served as the Head of Exchange, has decided to leave the company to work on a new project, according to a report by Bloomberg. Gupta had been with Coinbase for over two and a half years, and prior to his time in the crypto industry, he worked at Goldman Sachs, a prominent traditional finance powerhouse. Gupta’s departure comes at a challenging time for both Coinbase and the broader crypto industry. Cryptocurrencies have been hit hard by a series of bankruptcies and bank

Arkansas lawmakers push for guidelines and protections for Bitcoin mining industry
1 year ago 2 mins read

Arkansas introduces bill to protect Bitcoin miners and provide regulatory guidelines

The U.S. state of Arkansas has taken a step towards offering legal protections to Bitcoin miners by proposing legislation to regulate their operations. This move contrasts with the national regulatory stance of agencies like the SEC, which have imposed fines and lawsuits against companies operating cryptocurrency exchanges. The state’s proposed bitcoin bill, called the Data Centers Act of 2023, has been passed in both the Arkansas House of Representatives and Senate and is awaiting the governor’s approval. The legislation, introduced by Republican Senator Joshua Bryant on March 30, seeks to provide clearer guidelines and protection to crypto miners from discriminatory

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience.
1 year ago 1 min read

Bitcoin whitepaper now accessible in 43 languages

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience. It promotes a more decentralized and democratized approach to finance, which aligns with Bitcoin’s principles. The Bitcoin whitepaper, published in 2008, provided a comprehensive explanation of how Bitcoin operates as a decentralized, peer-to-peer digital currency without the need for intermediaries. It set the foundation for the creation of the Bitcoin network, which has since then become a global phenomenon. As Bitcoin continues to gain popularity worldwide, it is important that the community works together to ensure that language barriers do not impede its adoption.

Bitcoin’s price has climbed back above $28,000
1 year ago 1 min read

Stacks (STX) Skyrockets by 7% in a Day While Bitcoin (BTC) Reclaims $28K

Bitcoin’s price has climbed back above $28,000 after a recent dip, and altcoins are also slightly in the green. The most significant increase has been in Stacks (STX), which has soared by 7% in a day. Last week, Bitcoin experienced massive volatility that brought it south by over a grand, but it recovered slightly and traded calmly in the following days. Bitcoin spiked to just under $29,000 on Wednesday, but bears intercepted the move and pushed the asset south. However, BTC returned to around $28,000 and spent most of the next several days around that line. Ethereum is up by

FTX Accused of Complicating Bankruptcy Asset Recovery by Neglecting Financial Controls, States Legal Filing
1 year ago 2 mins read

FTX Accused of Complicating Bankruptcy Asset Recovery by Neglecting Financial Controls, States Legal Filing

Former executives of the bankrupt cryptocurrency exchange FTX are being blamed for the company’s failure to install appropriate financial controls, which is complicating the asset recovery process. According to a court filing dated on Sunday, representatives of FTX Trading Ltd. claim that the previous management team, which included its founder Sam Bankman-Fried, failed to implement control measures and “placed its crypto assets and funds at risk from the outset.” The restructuring team said in the report that FTX did not have personnel knowledgeable enough to account accurately for assets and liabilities, nor did it run dedicated financial risk, audit, or

Changpeng Zhao confirmed that the exchange’s futures UM Rest service/API had caused the disruption
1 year ago 1 min read

Binance Futures Resumes Trading After Addressing Technical Issues

Binance, the world’s largest cryptocurrency exchange, experienced issues that affected its futures trading platform on April 10. The exchange’s CEO, Changpeng Zhao, confirmed that the exchange’s futures UM Rest service/API had caused the disruption, which impacted its user interface and API. Only USD-Margined contracts were affected, however, and the exchange announced that it had resolved the issue after migrating off some affected servers. Trading on the platform has since resumed. Binance has recently come under increased scrutiny, following allegations of market manipulation by the Commodities Futures Trading Commission (CFTC) and rumors of a red notice alert from Interpol for CZ.

Binance Futures experienced a temporary disruption in its UI and API services
1 year ago 1 min read

Binance Futures Users Report UI and API Issues, Cite Disruptions in Trading

Binance Futures experienced a temporary disruption in its UI and API services that affected only its USD-Margined contracts. However, the largest crypto exchange promptly announced that the issue had been resolved, and all operations are back to normal. Binance CEO CZ confirmed that the Futures UM Rest service/API had caused the UI and API issues, but Futures CM (COIN-Margined) contracts remained unaffected. The company announced the full resumption of trading activity for USD-Margined contracts just minutes after the problem was identified. This is not the first time Binance has faced disruptions. In March, the crypto exchange suspended all spot trading

Bitget's $100 Million Fund to Boost Asia's Emerging Tech Scene
1 year ago 1 min read

Bitget Launches $100 Million Venture Capital Fund to Boost Web3 Innovation in Asia and Beyond

Bitget, the Seychelles-based derivatives exchange operator, has announced the launch of a new $100 million venture capital fund. The fund will be focused on supporting Web3 innovation globally, with a special focus on Asia. According to Gracy Chen, the managing director of Bitget, the exchange is committed to supporting financial innovation in Asia, and the new venture fund will play a critical role in achieving this goal. Chen also emphasized that Bitget’s platform will act as a reliable, convenient, and secure link between the worlds of decentralized finance (DeFi) and centralized finance (CeFi). The exchange has already outlined the criteria

North Rock Digital has voiced concern over MicroStrategy’s large purchases of Bitcoin
1 year ago 1 min read

North Rock Digital Founder: MicroStrategy’s Bitcoin Tactic is a “Joke”

Enterprise business intelligence (BI) software vendor MicroStrategy has made headlines with its recent Bitcoin purchases. The company has purchased over 140,000 Bitcoin (BTC), making it one of the largest holders of the cryptocurrency. However, not everyone thinks this is necessarily a good thing for the company. Hal Press, the founder, and CEO of cryptocurrency-focused investment fund North Rock Digital has voiced concern over MicroStrategy’s large purchases of Bitcoin. In a series of tweets posted on April 8, Press stated that it was “comically stupid” to leverage a software company to this end. Press argued that every single one of MicroStrategy’s

Robert Kiyosaki has issued a dire warning about the impact of inflation
1 year ago 1 min read

Robert Kiyosaki predicts deadly consequences of surging inflation

Renowned financial expert Robert Kiyosaki has issued a dire warning about the impact of inflation on the American middle class and the government’s energy policies. In a recent interview, Kiyosaki highlighted the critical role of oil in powering society and suggested that government policies on the commodity would eventually make the middle class obsolete. He also criticized President Biden’s decision to withdraw from Afghanistan, which he claimed resulted in Saudi Arabia joining forces with Russia and driving up the price of oil. Kiyosaki has been vocal in his criticism of the Federal Reserve’s handling of inflation and has encouraged investors

Binance.US Unable to Secure Partnerships in the United States
1 year ago 1 min read

Binance.US Struggles to Find Banking Partners in the United States

Binance.US, the U.S. arm of the global cryptocurrency exchange, has reportedly faced difficulties in securing a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country. The Wall Street Journal reported on April 8 that recent failures of Silvergate and Signature Bank left Binance.US without banking services, depending on middleman banks to store funds on its behalf. Regulatory crackdowns on banks with crypto clients are also contributing to the exchange’s struggles. Attempts to establish direct banking relationships with banks such as Cross River Bank and Customers Bancorp have failed. As a result, the

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