Day: November 21, 2019

Markets Crash After Reports That Binance’s Shanghai Office Closed in Crypto Crackdown

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Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance.  Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees reportedly worked out of the Shanghai location. Binance has not responded to Cointelegraph’s requests for comment as of press time.  Closure follows crackdown  The purported raid follows a crackdown on cryptocurrency-related businesses and activities in the country.  Recently, financial authorities in China issued a notice to the public, directing…

Bitcoin Price Plunges to $7,400 & Legendary Trader Boasts It’s ‘Dying’

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The bitcoin price crashed through another vital support level on Thursday. BTC has now plunged nearly 50% from its mid-year zenith. A legendary bitcoin trader says that this time, it’s “dying” for good. The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly 50% from its yearly high. Bitcoin has recovered from these punishing reversals before, but one legendary trader predicts that this time will be different. Bitcoin Price Dives to 4-Week Low The bitcoin price slid to…

Bitcoin Price Plunges to $7,400 & Legendary Trader Boasts It’s ‘Dying’

boss

The bitcoin price crashed through another vital support level on Thursday. BTC has now plunged nearly 50% from its mid-year zenith. A legendary bitcoin trader says that this time, it’s “dying” for good. The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly 50% from its yearly high. Bitcoin has recovered from these punishing reversals before, but one legendary trader predicts that this time will be different. Bitcoin Price Dives to 4-Week Low The bitcoin price slid to…

Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters

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Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are ready for immediate commercialization to serve as a “liquid, physical, material backing” for the Petro.  The president announced the news on Nov. 20 on state television, according to a Reuters report. In the announcement, Maduro called the Petro a “sovereign Venezuelan crypto asset.” Venezuela initially planned to back the Petro with 5 billion barrels…

OKChain and OKDEX Are in the Pipeline, Said OKEx CEO During the AMA Session

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On 12 November 2019, OKEx CEO Jay Hao hosted an “Ask-Me-Anything” session on the English Telegram group with the topic surrounding the OKEx ecosystem, which followed the previous one discussing the newly launched USDT futures. This article presents some of the highlights of the AMA session. 1. OKEx listing criteria is clear and transparent Regarding the project listing, Jay explained that OKEx has strict requirements, and the listing/delisting guidelines are clear and transparent. Truly quality projects are the ones OKEx would like to pick up for their users, and the…

Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi

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Binance’s cryptocurrency trading platform for United States-based users, Binance.US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users. The partnership was announced in a Nov. 21 press release, detailing that Binance.US will now offer institutional liquidity for Tagomi’s users, including quant funds, venture funds, family offices, individual retirement accounts and high-net-worth individuals. Tagomi’s customers will also receive increased access to Binance.US’s select trading pairs. Cultivating a new class of crypto investors Commenting on the development, Catherine Coley, CEO of Binance.US, noted that the new collaboration…

Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds

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Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines of mainstream media outlets. But a new study proves the devil is in the details. Bitcoin’s CO2 emissions, according to the authors, are much more modest than suggested by previous reports. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart…

Anonymity for Anonymity: The Tor Project Now Accepts Donations in Bitcoin

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The Tor Project, the organization behind the Tor Browser that anonymizes the users’ identity, has announced that it begins accepting donations in Bitcoin(BTC)trade. The nonprofit organization announced that it will be using Bitcoin’s Lightning Network for the donations. Lightning Network is a “layer 2” protocol, which can operate over any cryptocurrency such as Bitcoin. The protocol is used to speed up the payment process and help in scalability of the system. The announcement was made via the Tor Project’s official Twitter account. Perhaps the reason Tor suggests BottlePay for BTC…

Announcing 2KEY Tokens Final Distribution Mechanism & a Huge Update for the 2KEY Total Supply

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At 2key, we have always been amazed by the idea of token-based economies and products, and the huge promise of flat economies, where the interest and values for all parties align with the project’s success. When users take part in the success of a technology or a product, there’s a powerful synergy between the builder and consumer roles, driving faster adoption, stronger loyalty, and stronger bindings between all parties in that ecosystem. The belief that tokenization materializes the synergy between the builder and consumer roles for mutual prosperity moved the…