Binance traders on Binance appear far more concerned with fees than the actions of U.S. authorities. Binance’s market share in spot trading volume has dropped roughly 16% over the past two weeks, with many pointing to the CFTC’s charges against the exchange for the decline. However, Binance’s market share had already dropped below 60% prior to the regulatory action. Instead,…
VP Bank, one of the largest banks in Liechtenstein, partnered with will consolidate its digital asset infrastructure provider Metaco to consolidate its digital asset custody and tokenization operations. According to an announcement, VP bank will use Metaco’s Harmonize platform to expand its services and enable support for tokenized asset minting, burning and storage. Marcel Fleisch, the chief product officer at…
Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods. The platform, a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, is called so|bond.…
As nonfungible token (NFT) trading volumes begin to pick up again in Q1 2023 and marketplaces battle it out for a piece of the pie, more projects are coming into the space to assist market actors with infrastructure and analytical tools. And with evidence of wash trading and other abuse by bad actors becoming apparent, there is a demand for…
Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption. Bitget disclosed that since its inception in 2018, the exchange has grown to comprise…
Bitcoin (BTC) hit new month-to-date lows overnight into April 4 as fresh rumors over biggest exchange Binance spooked fragile markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price returns to $28,000 after weekly lo Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $27,240 on Bitstamp. Its lowest since March 28, the performance followed an outbreak of…
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The Federal Reserve ‘Reverse Repo’ Facility…
Euler Finance, a decentralized finance (DeFi) platform for borrowing and lending cryptocurrencies, took to Twitter Monday night to announce that the hackers responsible for the nearly $200 million attack on the protocol had returned “all of the recoverable funds.” “Following successful negotiations, all of the recoverable funds taken from the Euler protocol on March 13 have now been successfully returned…
The game-changing possibilities that blockchain spurs through immutability, tokenization and decentralization are immense. The technology has significantly expanded the scope of traditional trading and collectible card games by democratizing the ideals of ownership, scarcity, interoperability, transparency and play-to-earn (P2E). The excitement factor of trading card games (TCG) — previously confined to school lunch tables and enthusiast get-togethers — has now…
After being robbed of $196 million in a flash loan attack, Euler Finance convinced its hacker within 25 days to return most of the funds. The outcome was a result of numerous to and fro, which eventually led the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of…
