Author: e_cash_top

[ad_1] Binance reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform to allow them to continue operations, local media RBC-Crypto reported on Aug. 23. According to the report, Binance renamed the bank cards for Sber and Tinkoff to “green” and “yellow” local cards on its payment options for P2P trading. Through its P2P services,…

[ad_1] In a video posted to YouTube on Aug. 23, Nadir Hajarabi, who described himself as having worked with Worldcoin since before its token launch, publicly announced that he had cut all ties with the project. Hajarabi did not divulge specifics on the advice of legal counsel. However, he revealed that he left Worldcoin due…

[ad_1] Quick Take Global central banks are decidedly rolling back on their respective balance sheets, indicating an aggressive stride in quantitative tightening for 2023. The Bank of England’s (BOE) balance sheet downsized by 3%, while the Federal Reserve reported a 4% reduction. Notably, the People’s Bank of China charts a 5% decline in its balance…

[ad_1] U.K. regulators want to ban cold calls for consumer financial services, and the crypto sector will likely be one of the affected industries. This is part of the U.K. Treasury Fraud Strategy introduced in May to curb fraudulent activities in the country. In a recent consultation paper published by His Majesty’s Treasury, the government…

[ad_1] Since August 2010, there have been only 677 days in which you could have bought Bitcoin and currently be at a loss, with 86% of days where ‘holding Bitcoin has been profitable relative to today’s price,’ as per Coinglass data. Data from Coinglass shows that entities who purchased Bitcoin on any one of the…

[ad_1] Bitcoin has experienced its longest stretch of negative year-over-year returns in its history, 15 months extending from Feb. 2022 to June 2023. This record-breaking downturn surpasses the previous streak of nearly a year from Nov. 2014 to Oct. 2015. According to a recent Pantera Capital letter to investors, this prolonged downturn may have reached its…

[ad_1] Binance Card, a crypto debit card powered by the exchange, will no longer be available in Latin America and the Middle East from Sept. 21, according to an Aug. 24 statement. The Binance Card is similar to a conventional debit card, allowing users to utilize their digital assets for everyday transactions. However, the significant…

[ad_1] Quick Take Several key metrics in the Bitcoin market suggest a local bottom, an inflection point indicating a potential reversal from the recent downward trend. Open interest, a metric that tracks the total number of outstanding derivatives contracts, has been reset, indicating that players are repositioning themselves for a potential market shift. Meanwhile, the…

[ad_1] FTX has filed a motion in bankruptcy court seeking approval to hire Galaxy Digital Capital Management LP (“Galaxy”) as an investment manager, according to a court filing uploaded to FTX’s claims agent website on Aug. 23. Galaxy investment manager for FTX. As the filing outlines, FTX is proposing to engage Galaxy to provide investment…

[ad_1] Quick Take Bitcoin’s halvings, as highlighted in Pantera’s recent newsletter, play a significant role in constricting the production of new Bitcoins. The first halving led to a 17% reduction in new supply as a percentage of outstanding Bitcoin, marking the onset of a trend. This trend intensified in the 2016 halving; in terms of…