Month: July 2022

🚨 Can Celsius crash take Bitcoin to 20K ? | BTC Analysis in Hindi | Crypto Crash Update India

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Leverage Ratio Is Still Very High

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On-chain data shows the Bitcoin leverage ratio still has a very high value, a sign that has usually proven to be bearish for the crypto in recent months. Bitcoin Exchange Leverage Ratio Has Been Going Up In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the BTC all exchanges leverage ratio is still quite high, suggesting that the crypto could still see further downtrend. The “leverage ratio” is an indicator that is defined as the ratio between the open interest and the all derivatives exchange reserve.…

Binance allegedly continued to serve Iranian customers, despite ban and sanctions

Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country. According to an investigative report from Reuters, individuals inside the country continued to trade on Binance after the company itself had shifted Iran onto a blacklist of jurisdictions in which it would not operate. The use of the exchange by Iranians also brings into question capital controls instituted against the country after U.S. economic sanctions were ramped-up in 2018. Binance, itself, operates out…

Affected Clients Injured During Protests, Nearly $6 Billion Missing – Featured Bitcoin News

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Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to be behind the disappearance is now outside China. Internal Systems Upgrade Chinese residents protesting the freezing of their accounts by three banks in Zhengzhou, are reported to have stormed the branch offices of the central bank on Sunday, July 10. Reports say…

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Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan

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Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users. In a Monday blog, Voyager said it had roughly $1.3 billion in affected users’ funds in addition to $650 million of “claims against Three Arrows Capital” — referring to the 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan the firm failed to repay. According to Voyager’s proposed recovery plan…

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