Browsing:Market

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

Tom Emmer Labels SEC Chair Gary Gensler as a 'Bad Faith Regulator'
1 year ago 1 min read

Congressman Tom Emmer Calls Out SEC Chair Gary Gensler For His Regulatory Approach Towards Crypto

In a recent appearance on the Unchained podcast, Congressman Tom Emmer criticized the United States Securities and Exchange Commission (SEC) chair Gary Gensler for his regulatory approach towards cryptocurrencies. Emmer, who is known for his crypto-friendly stance, called Gensler a “bad-faith regulator” and accused him of missing the “truly bad actors” while blindly enforcing crypto regulations. Emmer pointed to the recent case of Coinbase, which was served with a Wells notice by the SEC in March, as an example of Gensler’s oversight on the crypto sector. Emmer claimed that Coinbase had tried to work with the SEC by seeking feedback

Battle Over US Tornado Cash Ban Heats Up as Coinbase Attorney Remains Bullish on Legal Challenge
1 year ago 2 mins read

Coinbase Legal Representative Confident in Defeating US Tornado Cash Ban as Lawsuit Reaches Critical Point

Coinbase’s chief legal officer, Paul Grewal, is confident that the ongoing lawsuit against the U.S. Treasury Department to overturn the ban on using Tornado Cash (TC) will be successful. Grewal recently took to Twitter to express his optimism, stating that “simple but powerful” legal arguments are being made during a crucial moment in the case. The lawsuit was filed by Coinbase in September 2022 after the U.S. Treasury Department added the crypto mixer to the Specifically Designated Nationals and Blocked Persons (SDN) list, which effectively prohibited its use. Coinbase is funding the lawsuit, and the plaintiffs argue that the designation

Robinhood has agreed to pay a $10.2 million fine
1 year ago 1 min read

Robinhood Forced to Pay $10M Settlement to State Securities Regulators for Investor Failures

Robinhood, the popular multifaceted trading platform, has agreed to pay a $10.2 million fine to the California Department of Financial Protection and Innovation (DFPI) for operational and technical failures that negatively impacted investors. The fine comes after a two-year investigation by the North American Securities Administrators Association (NASAA) into Robinhood’s system outages and service unavailability that cost users several trading opportunities. Regulators accused Robinhood of negligent dissemination of inaccurate information to customers and failing to establish an adequate customer identification program. The company also failed to supervise technology pivotal to providing core customer broker-dealer services and to report customer grievances

Polygon (MATIC) is gaining traction in the gaming industry
1 year ago 1 min read

Polygon’s MATIC Rides High with Increased Activity, Becomes Second-Biggest Gaming Blockchain

Polygon (MATIC) is gaining traction in the gaming industry with a surge in daily unique active wallets (dUAW) last month. According to DappRadar, the layer-2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month. This growth has pushed Polygon to become the second-largest gaming blockchain, trailing only Wax Blockchain (WAXP), which has over 314,976 daily unique active wallets. Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On-Chain, which launched on

Robert Kennedy Jr.
1 year ago 1 min read

US Presidential Candidate Robert Kennedy Sets Sights on Bitcoin with FedNow Criticism

Presidential candidate Robert Kennedy Jr. has raised concerns over the Federal Reserve’s upcoming digital payments system, FedNow, and warned that it could be the first step towards the government banning Bitcoin. According to Kennedy, the government’s use of a Central Bank Digital Currency (CBDC) could lead to “financial slavery and political tyranny,” as it would allow the government to surveil citizens’ financial affairs and limit their spending. Kennedy has compared FedNow to the government’s seizure of gold 90 years ago, and said that it could be used to “ban and seize bitcoin.” The FedNow payment system is set to launch

the Bureau of Labor Statistics reporting an addition of 236,000 jobs
1 year ago 1 min read

U.S. Economy Adds 236K Jobs in March, Falling Short of Forecasts

The U.S. job market continued its upward trend in March, with the Bureau of Labor Statistics reporting an addition of 236,000 jobs, just shy of economist forecasts for 239,000. This growth is in line with February’s revised gain of 326,000 jobs, indicating sustained strength in the labor market. Alongside this positive news, the BLS also reported a dip in the unemployment rate to 3.5%, beating expectations for 3.6%. These numbers bode well for the U.S. economy, as more people are finding employment and contributing to economic growth. Despite this promising report, the Federal Reserve will have to consider the possibility

the former CEO of BitMex
1 year ago 1 min read

Ex-BitMex CEO Arthur Hayes reveals his investment approach with Maelstrom Capital

Arthur Hayes, the former CEO of BitMex, and Akshat Vaidya, BitMex’s former head of corporate development, founded Maelstrom Capital. In an interview with CoinDesk, Hayes, and Vaidya said that Maelstrom is currently targeting infrastructure companies, as that’s what makes sense in this part of the cycle. Hayes thinks the turning point for the projects in which he’s investing now will likely come sometime around 2024 when the market starts to question whether these projects have fulfilled their promises, built their products, acquired clients, and demonstrated that their technology works. Maelstrom is set up as Hayes’ family office using a pool

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