Day: February 27, 2023

SHIB, LTC Marginally Higher During Volatile Start to the Week – Market Updates Bitcoin News

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Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support point to start the week, as prices rose marginally higher on Monday. Following a low $0.0000124 on Sunday, SHIB/USD raced to an intraday high of $0.00001307 earlier today. This move comes as the meme coin…

Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes

According to the report, Binance transferred the collateral to hedge funds including Alameda and Cumberland/DRW and did so without informing its customers. According to blockchain data from Aug. 17 to early December examined by Forbes, a period which encompassed the collapse of fellow crypto exchange FTX, holders of more than $1 billion of crypto for B-peg USDC tokens had no collateral for instruments that Binance said would be fully backed by the token they were pegged to. B-peg USDC are digital replicas of dollar-pegged stablecoin USDC. Source

Crypto Exchange Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards

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Bitcoin price eyes $24K retest as US dollar dives into monthly close

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Bitcoin (BTC) headed toward $24,000 at the Feb. 27 Wall Street open as a strong weekly close translated into further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gains $1,000 versus weekend lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding in line with United States equities futures. The pair had seen lows of $22,770 on Bitstamp over the weekend, these nonetheless proving short lived as the weekly candle closed above $23,500. With stocks rebuilding strength into the new week, hopes were high that Bitcoin could continue its…

Blockchain Applications that Benefit the World – Blockchain News, Opinion, TV and Jobs

By Masha Balanovich, External Communications Manager at Drofa Comms. The fintech headlines blur into one another, speculating and predicting the future of blockchain and the crypto industry. In 2021, fintech was the leading sector for venture investment, with more than $130 billion going into startups worldwide. Alas, the global fintech funding in 2022 fell more than 40% year-over-year, with the figures tanking as the year progressed. And many do not miss the opportunity to mock crypto enthusiasts (Gen-Z “Cryptok” included) in anticipation of a new collapse story.  Jokes aside, I…

SoftBank & Ant Seek to Gradually Sell Paytm Stakes to Reduce Holdings in Firm

SoftBank & Ant Group previously offered to sell their Paytm stakes to Bharti Airtel founder-chairman Sunil Mittal. Japan’s SoftBank Group Corp and China’s Ant Group currently seek to offload their stakes in Indian digital payments firm Paytm. According to reports, the duo is discussing the secondary sale of said stakes in the open market. SoftBank and Ant earlier approached Bharti Airtel founder-chairman Sunil Mittal regarding the Paytm stakes sale. However, those discussions fell through, with Bharti no longer involved in conversations to buy into Paytm’s parent, One 97 Communications. SoftBank and Ant, intent on reducing their…