Bookmarking Crypto Insights
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Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose … Read more
A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These users are now pursuing … Read more
The inverted pattern in the Bitcoin futures curve is a signal that investors’ confidence in BTC price continues to slump. Go to Source Powered by WPeMatico
Binance has reportedly been forced to suspend fiat currency withdrawals for customers in the United Kingdom once again. Go to Source Powered by WPeMatico
The recent regulatory backlash against Binance could give a competitive advantage to regulated exchanges. Go to Source Powered by WPeMatico
Sophisticated investors appear to be spreading their risk across the crypto sector, with multi-asset products beating out BTC and ETH by inflows. Go to Source Powered by WPeMatico
On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial … Read more
Another player has decided to distance itself from Binance after a slew of negative headlines around the exchange in recent weeks. Go to Source Powered by WPeMatico
Binance has become a target for regulatory action across the globe, but is it the exchange being targeted or the crypto ecosystem in general? Go to Source Powered by WPeMatico
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance has been getting a slew of warning … Read more
