Month: September 2022

Crypto Exchange Giants Binance and FTX in Bidding War Over Bankrupt Lender Voyager: Report

boss

Two of the world’s leading crypto exchanges have reportedly submitted their bids to acquire the assets of embattled crypto lender Voyager Digital. Citing people familiar with the matter, The Wall Street Journal reports that Binance is willing to pay about $50 million to take over Voyager’s properties, which is slightly higher than what FTX bid for. Voyager is auctioning the remainder of its assets as part of a restructuring plan after it filed for bankruptcy as a result of the bear market. Its financial woes worsened when crypto hedge fund…

Binance receives green light for crypto services in Dubai

Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday. The development follows the issuance of the provisional license granted in March, which permitted the company to set up an office in the United Arab Emirates and provide digital asset exchange services to pre-qualified investors and financial firms. With the new permission, Binance will be able to offer a range…

💥 BITCOIN – CHUTE TROP PRÉVISIBLE ? 👑 Analyse Bitcoin FR ⚡

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ✅ Rejoignez nous sur le Discord des Rois : ✅ 💎 Devenir Membre Mécène ou Membre Soutien : 💎 👑 Site des Rois “4king Strategy by Eric & Bruno” : 👑 👍 Également quelques liens d’affiliation de plateforme que j’utilise personnellement : Ces liens permettent de bénéficier d’un Bonus de bienvenue et/ou d’une réduction sur les commissions des ordres d’achats et de ventes liées à vos investissements. — PARTENAIRE BYBIT : ID de parrainage : 35933 OFFRE AOUT 2022 BYBIT (50$ bonus)…

Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%

boss

Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) interest rate rise on Sept. 21. Traders sold the news BTC’s price dropped circa 6.5% from its intraday high of $19,950, hitting $18,660 minutes after the Federal Open Market Committee’s statement. Its decline mirrored a similar sudden correction in the U.S. stock market, with the benchmark S&P 500 dropping 0.5% minutes after the Fed update. BTC/USD daily price chart. Source: TradingView On the other hand, the 10-year U.S. Treasury note…

Kraken’s Jesse Powell will step down as CEO, stay on as board chair

boss

Jesse Powell, the co-founder and CEO of cryptocurrency exchange Kraken, will be stepping down after leading the platform for more than 11 years. In a Wednesday announcement, Kraken says Powell will be succeeded as CEO by chief operating officer Dave Ripley, who has been with Kraken since 2016. The soon-to-be former CEO will stay with the crypto exchange as the chair of the board, while the company will search for a new chief operating officer. Ripley said his goals were “in lockstep” with Powell’s amid his rise to the new leadership…

Ethereum PoW Forks Fall 66% In Just Days

boss

Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge. The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network. However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching.…

Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation – Economics Bitcoin News

boss

The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates ‘Ongoing Increases’ On September 21, 2022, the U.S. central bank and Fed chair Jerome Powell increased the benchmark bank rate by 75 basis points (bps). The Fed’s federal funds rate is now coasting along at 3.25%. The decision follows the…