Day: June 23, 2022

Binance Launches Zero-Charge Bitcoin Trading for American Customers

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Binance.US in an effort to encourage more activity during this tough bear market, has begun to provide zero-fee trading for Bitcoin to its American customers. Binance.US’s CEO Brian Shroder said that “Since inception, we have been known for our really low fees.” Furthermore, he added zero-fee trading would result in “positive user sentiment,” which would attract more users. Currently, the promotion is only available to BTC users in the United States. The majority of centralized exchanges’ income comes from trading and transaction fees. The move is probably going to make…

Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds – Bitcoin News

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According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million loan and it hopes to obtain some of the funds by the end of this month. The Three Arrows Contagion: 3AC Owes $655 Million to Voyager Digital — Management Has Set a Repayment Date 3AC’s financial hardships have seemingly started a contagion throughout the crypto industry…

‘Foolish’ to deny Bitcoin price can go under $10K — Analysis

Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin under $10,000 not impossible Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing. As ever, the behavior reflected moves in United States equities markets, which stayed flat on the day. Remarks by Federal Reserve chair Jerome Powell had provided only brief volatility. Cointelegraph noted that Powell’s Congress testimony provided no…

Cryptostone Announces CPS Token Launch Date for Its Revolutionary Financial Ecosystem – Press release Bitcoin News

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press release PRESS RELEASE. Cryptostone, a genuinely anonymous, No-KYC blockchain financial ecosystem, has announced the token sale date for the CPS token. After a successful pre-sales round, which has raised over two million USD from thousands of followers, the token will be available for public sale from June 30, 2022. The project is creating the next evolution of blockchain, a world where cross-border payments, SME fundraising, and crypto trading will happen just as they ought to. The significant outcomes of Cryptostone (token: CPS, on Binance smart chain) will be equity,…

Low Bitcoin Prices Trigger Inflows, But Investor Sentiment Remains Weak

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Institutional investors’ reactions to the bitcoin price crash have been quite similar to that of retail investors. After weeks of outflows, the tides have begun to change, largely credited to the low prices that offer a chance to get into the digital asset before a recovery. The past week saw inflows for the digital asset, although other assets tell a different story. Bitcoin Sentiment Recovers  Bitcoin sentiment had declined far into the negative following the price crash of last week. With the digital asset reaching as low as $17,600, it…

Executive From Crypto Exchange Huobi Accused of Netting $5,000,000 via Illicit Trading: Report

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Crypto exchange Huobi is reportedly suing a former executive accused of raking in $5 million in Tether (USDT) by secretly trading against a company account under his control. The Financial Times reports Chen Boliang engaged in the illegal trading scheme between February and March 2020 while he was still a senior manager in Huobi’s institutional client’s department. The lawsuit claims Chen set up a Huobi retail account using his father’s name and gave it a $20-million credit line from the exchange. He then used it to trade against a corporate account…