Day: September 16, 2019

Binance Futures Platform Suffers 3% Flash Crash amid Market Maker’s Error – CCN.com

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Binance CEO CZ has retracted accusations that a sudden 3% flash crash was deliberately and maliciously executed by a market maker. | Credit: Shutterstock.com Earlier today, Binance’s futures platform suffered a flash crash of nearly 3 percent in a matter of just seconds. Initially, Binance CEO Changpeng Zhou (CZ) took to Twitter to announce that the flash crash had comprised a deliberate attack executed by a market maker known to the exchange. A market maker from a smaller futures exchange tried to attack @binance futures platform. NO ONE was liquidated,…

Binance Futures Platform Suffers 3% Flash Crash amid Market Maker’s Error – CCN.com

boss

Binance CEO CZ has retracted accusations that a sudden 3% flash crash was deliberately and maliciously executed by a market maker. | Credit: Shutterstock.com Earlier today, Binance’s futures platform suffered a flash crash of nearly 3 percent in a matter of just seconds. Initially, Binance CEO Changpeng Zhou (CZ) took to Twitter to announce that the flash crash had comprised a deliberate attack executed by a market maker known to the exchange. A market maker from a smaller futures exchange tried to attack @binance futures platform. NO ONE was liquidated,…

NBA Player Spencer Dinwiddie to Tokenize $34M Contract

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Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension. Following a three-year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest, Fox Business reported on Sept. 14. NBA gradually embraces crypto  Dinwiddie thus joined other NBA players engaged with digital currency. In August, the Dallas Mavericks became the second NBA team to accept Bitcoin (BTC) as a means of payment for…

Bitcoin Is Ideal Hedge Amidst Rising Global Uncertainty

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Many claim that bitcoin is the “new gold.” However, BTC is not correlated with any asset, including gold. Hence, it’s a good hedge. | Source: Shutterstock The U.S.-China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs. On top of that, central banks are slashing interest rates and printing money while the real-estate market is still overpriced. Stocks, bonds, and property…

Liven Announces Strategic Partnership with Bitcoin.com

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Liven, the lifestyle rewards app that lets users spend and earn cryptocurrency rewards in over 1,000 restaurants across Australia, is introducing Bitcoin Cash into the LivenPay ecosystem. Meanwhile, Liven’s native token, LVN, gets listed on ZB.com after a successful completion of its oversubscribed ZB UP Launch. Up until now, diners using the Liven app at participating restaurants have been able to settle their bills with a single button tap, using major credit and debit cards, as well as the LivenPay cryptocurrency (LVN), earning rewards between 10% and 30% of their…

PR: Liven Announces Strategic Partnership with Bitcoin.com

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Liven, the lifestyle rewards app that lets users spend and earn cryptocurrency rewards in over 1,000 restaurants across Australia, is introducing Bitcoin Cash into the LivenPay ecosystem. Meanwhile, Liven’s native token, LVN, gets listed on ZB.com after a successful completion of its oversubscribed ZB UP Launch. Up until now, diners using the Liven app at participating restaurants have been able to settle their bills with a single button tap, using major credit and debit cards, as well as the LivenPay cryptocurrency (LVN), earning rewards between 10% and 30% of their…

Stablecoins Pose Risks to Public Policy Priorities

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A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities. ECB board member Benoit Coeure delivered his comments on stablecoins’ regulatory issues at a meeting at the Bank of International Settlements (BIS) in Basel, Switzerland, Reuters reported on Sept. 16. Coeure specifically stated: “Stablecoins are largely untested, especially on the scale required to run a global payment system. […] They give rise to a number of serious risks related to public policy priorities. The bar for…

Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

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There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into blockchain companies. As reported previously by Cointelegraph, blockchain investments have dropped by up to 60% since 2018. However, this…

Cryptocurrency Payments Processor BitPay Adds Support for Ether

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Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without having to set up any enhancements. BitPay has also made it possible for users to store and use Ether in a BitPay wallet, and for BitPay Prepaid Visa Card holders to top up their debit cards. Ether joins Bitcoin and Bitcoin Cash Launched in 2011, BitPay processes payments…

Los Angeles Mayor’s Office Hosts Blockchain Startup Competition

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The Los Angeles Mayor’s Office of Budget & Innovation and the city’s Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a blockchain startup contest called Block Tank. According to a Goren Holm Ventures press release published on Sept. 16, the event will take place in front of a panel of celebrity judges at investment-focused blockchain conference CIS. Investing in local innovation Winners will receive a $25,000 minimum investment offer from GHV and a $25,000 pilot project with the city. Ted Ross, the City of Los…