“Binance’s 24-hour average basis [spread between futures and spot prices] reached a new all-time low on Monday of 1.17%, below the bottom 1.18% seen on July 21, 2021. This points towards a very pessimistic sentiment among leveraged traders and, yes – a sign of capitulation,” Vetle Lunde, market analyst at Arcane Research, told CoinDesk in a Twitter chat. CryptoX Portal
“Binance’s 24-hour average basis [spread between futures and spot prices] reached a new all-time low on Monday of 1.17%, below the bottom 1.18% seen on July 21, 2021. This points towards a very pessimistic sentiment among leveraged traders and, yes – a sign of capitulation,” Vetle Lunde, market analyst at Arcane Research, told CoinDesk in a Twitter chat. Original
“As ambitious leaders at the intersection of gaming and digital asset mining, Enthusiast Gaming and Hut 8 will collaborate on new experiences and content within mobile and blockchain gaming, Web 3.0, NFTs, and cryptocurrency,” according to a statement. Hut 8 will also provide “critical infrastructure support” by hosting Enthusiast Gaming in its data centers. Source
The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the subject of smart contracts and proposes that every smart contract should have a termination function to stop the flow of transactions when required. Smart Contracts Might Be Stifled by EU Data Act The newly proposed EU Data Act, published on February 23, aims to regulate and control the ways in which…
“FIS and Worldpay are getting equipped for the next generation of payments,” said Shyft co-founder Joseph Weinberg in an interview. “Having a regulatory-compliant data layer becomes critical, whether it be with stablecoins or between VASPs [virtual asset service providers], from a Travel Rule perspective.” Source
Sberbank, one of Russia’s largest state-controlled banks, is dropping out of almost all European markets citing Western sanctions. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Nervos Network is growing its ecosystem at an incredible pace. This Nervos Nation video explains why Nervos is the best platform for blockchain developers Don’t forget to like and subscribe to this channel, as well as follow my Twitter for regular Nervos updates: What is Nervos Network? Nervos Network is a multi-layered smart contract platform that combines the best aspects of Bitcoin and Ethereum and introduces exciting new innovations that make it an attractive proposition for developers. At the foundation of the…
Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global. Binance and Cuscapi Berhad acquired a key stake in MX Global, one of the four Recognized Market Operators – Digital Asset Exchange licensed by the Securities Commission (SC) in Malaysia. Hello Malaysia. https://t.co/vsHzHlm7KI — CZ Binance (@cz_binance) March 1, 2022 The leading crypto exchange has a significant presence in the Asian region and with its new partnership in Malaysia, the exchange aims to…
This token, named after the surprising hit of 2021, Shiba Inu, has almost no value. Fortunately, the bogus token was spotted early on, preventing Shiba Tron from duping other users. Shiba Tron (SHIBT) is a new addition to the growing pack of meme currencies featuring dogs. A few days ago, the SHIBT coin soared by more than 1,000%, capturing investors’ interest. PeckShield, on the other hand, has issued a warning to cryptocurrency aficionados regarding SHIBT. The contract, according to the blockchain security firm, has a piece of code that restricts token…
By looking at the performance of tokenized Ethereum scaling tools (Polygon, Metis, Boba) vs. tokenless layer 2s (Arbitrum, Optimism, all ZK rollups), it’s clear that the launch of a token economy allows networks to generate hype, build community and establish grants used for innovation and security. The total value locked (TVL) may not be permanent, but the launch of a token or an incentive program generates attention and financially encourages builders and users alike to bridge to the network. Source