Bitstamp, Europe’s largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer. Source
Bitstamp Appoints JB Graftieaux as CEO After Julian Sawyer's Departure
Day: May 9, 2022
Binance takes legal action against fake billboard ads in Turkey
Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings. Turkey is home to a large number of crypto investors that account for over 7% of the total traffic to Binance’s primary platform through a desktop browser, as evidenced by data from Similarweb. Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. Bir süredir…
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants new and old a run for their money, and the fear is palpable. A brutal combination of macro cues, which are set to continue this week and beyond, forms the backdrop for some historical chart retests that no one wanted to see again. As calls for capitulation continue, there is still…
Mining Dogecoin and Litecoin worth it?
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LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s peg to the U.S. dollar. The Singapore-based nonprofit LFG is part of the Terra (LUNA) ecosystem and is tasked with collateralizing the network’s algorithmic stablecoin UST to keep its USD peg intact, while also managing the network’s reserves. While details are sparse at this stage, the LFG outlined on Twitter earlier today that it will first loan…
How Big Is Crypto Crime, Really?
Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – so CoinDesk looks under the hood. Source
A Single Chart Of INSANE Bitcoin On-Chain Metrics Explained
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How Can the Rise in Fuel Price Be Turned Into a Good Investment?
The oil industry has had a chaotic two years. Crude oil prices were down early in the COVID-19 pandemic; nevertheless, the price has now topped $100 per barrel. Moreover, the worldwide benchmark, Brent crude oil, is currently trading above $111 per barrel. There has been a considerable rise in gas prices worldwide because of the rise in oil prices. If prices continue to rise, as many economists predict, it would stifle economic development, induce decreased consumption, and, in some situations, spark political instability. The increasing gasoline costs have already sparked…
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals – Exchanges Bitcoin News
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw…
Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
The move comes after UST briefly lost its peg to the U.S dollar over the weekend. Source