Binance US has announced that it has expanded its “zero fee price model” to Ether (ETH) effective immediately. According to the announcement, users are now able to freely trade four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. Just in time for the holidays, the best #crypto platform for low fees just got even better.#BinanceUS is pleased to offer zero-fees…
Mazars, an international audit, tax and advisory firm, confirmed on Wednesday that Binance holds more than all of the Bitcoin it needs to cover customer deposits. “At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total platform liabilities,” reads the firm’s published page providing Binance’s proof-of-reserves and proof-of-liabilities verification. The company reported…
Cardano’s decentralized exchange has announced a new feature to draw in liquidity. Called “organic APR,” the feature increases token emissions as more liquidity is put into the pool, according to a Twitter thread from the team. It will be introduced into a single pool on Dec. 8 and may be offered in other pools later. The new feature has elicited…
Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts. The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. 9 options expiry was feasible, but…
An American legislator has asked the United States Government Accountability Office (GAO) to look into the performance of the Securities and Exchange Commission (SEC) regarding the recently failed crypto exchange FTX. Rep. Ritchie Torres wrote to U.S. Comptroller General Gene Dodaro on Dec. 6 requesting that the GAO, the federal legislative watchdog, conduct a review of the SEC’s failure to…
Kazakhstan is moving forward with regulation that will further stifle its bitcoin mining industry. The country’s federal parliamentary body has completed secondary approval of a bill “On Digital Assets in the Republic of Kazakhstan.” With a third approval, the legislation will introduce new licensing requirements for bitcoin miners based on their facility ownership and operational structure. It would also require…
Blockchain trilemma is arguably the hardest technical problem to solve within Web3. How are blockchain networks approaching this? Source: https://cointelegraph.com/explained/the-blockchain-trilemma-can-it-ever-be-tackled
According to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe. Award-Winning Singer Taylor Swift Was Allegedly Courted by FTX Executives A report published by the Financial Times (FT) claims that FTX…
Pop star Taylor Swift reportedly could have been one of the faces of failed crypto exchange FTX had talks over a $100-million deal not ended prematurely. According to a Dec. 7 report from the Financial Times, FTX was in the late stages of negotiating a sponsorship deal with Swift months before its liquidity crisis and bankruptcy. Talks over paying Swift…
Bitcoin dipped Wednesday after negative news from bank bosses caused investors to shift risk assets. The largest cryptocurrency by market cap was trading for $16,813 at the time of writing, according to CoinGecko—a 1.2% 24-hour drop. Earlier in the day, it sharply dropped from $17,046 to $16,750 in just two hours—a level not experienced since the end of November. The…
