Binance CEO denies allegations that the exchange’s US arm is a regulatory decoy
“Binance has always operated within the boundaries of the law,” said CZ. Go to Source Powered by WPeMatico
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Binance exchange partner Simplex rolls out Tether to euro offramp
Over 200 firms in Simplex’s network can enable euro cashouts from Tether. Go to Source Powered by WPeMatico
Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High
Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing statistics for the number of whales (addresses with balance ≥ … Read more
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the hacker “manipulated … Read more
CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto
The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well. Data shows that the Bitcoin Mercantile Exchange (Bitmex) open interest for bitcoin futures has taken a … Read more
Binance VC arm leads $1.3M raise for decentralized streaming protocol
Decentralized music sharing service Audius has raised nearly $10 million so far. Go to Source Powered by WPeMatico
For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M
Bitcoin’s balance on three popular exchanges decreased by 390k BTC over the past 9 months. Go to Source Powered by WPeMatico
Binance Jersey shuts operations less than two years after launch
All accounts on Binance Jersey will be inaccessible as of Nov. 30. Go to Source Powered by WPeMatico
187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) … Read more
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more