Day: February 19, 2020

Crypto Exchange Binance Suspends Trading Over ‘Systems Messaging Error’

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Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading on Wednesday, alerting users that the outage is due to “temporary system maintenance.”  The exchange has suspended deposits, withdrawals, spot trading, margin trading, person-to-person trading, lending, redemption and asset transfers from sub-accounts, margin accounts, futures accounts and wallets that hold government-issued or “fiat” currencies, according to a notice posted on the company’s website.  Futures trading is unaffected, the exchange said.  Josh Goodbody, Binance’s London-based director for growth and international business, told CoinDesk in a series of WhatsApp messages that…

Crypto Exchange Binance Suspends Trading Over ‘Systems Messaging Error’

boss

Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading on Wednesday, alerting users that the outage is due to “temporary system maintenance.”  The exchange has suspended deposits, withdrawals, spot trading, margin trading, person-to-person trading, lending, redemption and asset transfers from sub-accounts, margin accounts, futures accounts and wallets that hold government-issued or “fiat” currencies, according to a notice posted on the company’s website.  Futures trading is unaffected, the exchange said.  Josh Goodbody, Binance’s London-based director for growth and international business, told CoinDesk in a series of WhatsApp messages that…

Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium

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Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion. Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App Flipstarter Crypto Markets Shave Prior Losses and Show Daily Gains On Wednesday, February 19, digital currency markets are in a sea of green again after a day or two of losses throughout Sunday and Monday’s…

Bloomberg L.P. Has the Perfect Buyer in Monopoly-Loving Warren Buffett

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If elected president in 2020, Michael Bloomberg will sell his 88% stake in Bloomberg L.P. Worth upwards of $60 billion, there are few investors with the capital to make such an “elephant sized acquisition.” Warren Buffet’s Berkshire Hathaway has a $128 billion cash pile and loves a monopoly, making it the perfect potential buyer. Mike Bloomberg has announced that he will eventually sell his multi-billion dollar financial data and media company, Bloomberg L.P., if elected president in 2020. Should this happen, there is already a perfect buyer with plenty of…

Boeing’s Culture Puts You In Danger

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Boeing has found foreign object debris in several of its grounded 737 MAX planes. The company has a long history of delivering dangerous, debris-filled planes to consumers. Boeing needs to dramatically overhaul its quality control system and inspect every 737 MAX it has ever produced before the plane is ungrounded. How would you feel if you discovered that you were flying on a plane with rags, tools, and other debris in its fuel tank? It sounds like a ridiculous scenario, but if you’ve flown in a Boeing 737 MAX before,…

Ethereum Price Recovers but A Strong Bearish Indicator Could Play Spoiler

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Ethereum was trading in a positive area this Wednesday after rising about 5 percent on a 24-hour adjusted timeframe. The second-largest cryptocurrency settled a new intraday high at circa $286, becoming one of the top-performing assets in the wake of a market-wide upside recovery. At its lowest, Ethereum was trading at $256 earlier this week, according to data fetched from US crypto exchange Coinbase. Ethereum rebounds impressively across the leading retail exchanges | Source: TradingView.com The asset’s move uphill prompted traders to expect an extended bullish momentum. Prominent analyst Nico…

The Ugly Truth About Donald Trump’s Pardon Spree

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Donald Trump has pardoned 11 convicts, including Rod Blagojevich and Edward DeBartolo Jr. Trump’s latest pardons once again reveal a bias towards celebrity. His preference for celebrities or celebrity-linked convicts seems to imply that ordinary people don’t deserve forgiveness. Donald Trump is a forgiving man – at least if you can persuade a celebrity to beg him to forgive you. As yesterday’s pardons of Rod Blagojevich, Edward DeBartolo Jr., and nine other convicts show, you can get away with anything so long as you have someone famous in your corner.…

Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

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Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a decision to reverse all trades that took place during an 11-minute period due to a software error. The bug caused trades to be executed and accounted for inaccurately. The platform’s automated audit system picked up the affected trades and halted all withdrawals. Following that, the Poloniex team effectively reversed every trade that had been executed as a result…

Korean ICO Project Shuts Down, Says ‘Negative Perceptions’ of Crypto Made Business Impossible

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An $8 million ICO project is shutting down, citing regulatory uncertainty and difficulties in onboarding new users. Content-sharing platform Contents Protocol announced Wednesday that following numerous attempts to turn its business into a success, the firm is closing down and refunding investors as much as $7.5 million-worth of the ether (ETH) raised in its initial coin offering (ICO). “We inform you that due to continued regulatory uncertainties in cryptocurrency and lack of business prospect, we have decided to end our project,” reads an announcement that has now wholly replaced Contents…

Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models

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South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco.  While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10. Security is still a highlight After copious details regarding the new camera, and briefly mentioning 5G, battery life and storage, Samsung highlights the new phones’ security features. These build on the Knox platform, a…