Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders A bank serving some clients…
The first hearing in Genesis Capital’s bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case. Under Chapter 11, known as the reorganization chapter, companies can propose a reorganization plan to creditors, while…
A recent upswing in the price of cryptocurrencies like Bitcoin and Ethereum has provoked a distantly familiar debate: whether a market rebound could be imminent or if recent trends are just a prelude to more pain. Since Bitcoin reached an all-time high of around $69,000 in November of 2021, digital assets have been walloped by higher interest rates and a…
Illustration by Mitchell Preffer for Decrypt It was the third full week of 2023, the third full week of consecutive gains for all leading cryptocurrencies, and the third week of the ongoing spat between crypto exchange Gemini and its creditor Genesis. Naturally, there was a lot to talk about on Crypto Twitter. On Monday, National Geographic took its first steps…
Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last seven days, with $206.06 million being Ethereum-based NFTs. Ethereum Dominates NFT…
A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block 772,793 to the Bitcoin blockchain on Friday. At the time the block was added, Bitcoin’s total hash rate was just over 269 exahash per second, meaning the solo miner’s 10 TH/s hash rate represented just 0.000000037% of the…
The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra Classic. Source: https://cointelegraph.com/news/terra-lending-protocol-mars-to-launch-mainnet
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some insight into the large sums of cryptocurrency held in custody by major exchanges. For example, Binance,…
“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president Brett Harrison has explained why…
press release PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost and gas-efficient swaps on OpenOcean’s Ethereum mainnet. OpenOcean, as a…
