Bitcoin and ether rose to over $24,500 and $1,600 respectively, leading to a market-wide recovery. Okb, the Native tokens of crypto exchange OKX, surged 20%, the most among major cryptocurrencies, while BNB Chain’s bnb (BNB) rose to $323 in Asian afternoon hours – reversing losses from earlier this week. Original
According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession in the United States came to fruition. Survey Shows Americans Have a Gloomy Economic Outlook After the Federal Reserve’s recent rate hike and the inflation data from the U.S. Department of Labor that followed, investors…
Binance, the world’s leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The announcement came with no explanation. However, exchange CEO Changpeng Zhao noted in a tweet that only 0.01% of the exchange’s total users will be affected by the suspension while assuring that they are looking to resolve the issue soon. Recently, Binance encountered related financial issues in the U.S. On Jan. 21, its SWIFT transfer partner,…
The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.” On Feb. 15, attorneys for Eisenberg filed a motion in a New York District Court objecting to a lawsuit from Mango that asks for $47 million in damages plus interest starting from the time of Eisenberg’s October attack, whidrained around $117 million from the protocol. The lawyers argued that Eisenberg shouldn’t need to pay back any more funds to the DeFi platform…
Wyoming lawmakers have passed a bill that will prohibit courts in the state from forcing someone to disclose their digital asset private keys, with one minor exception. The bill was passed by a vote of 41-13 in the Wyoming House of Representatives on Feb. 15, a day after passing 31-0 in the Wyoming Senate. If the bill is approved by Wyoming Governor Mark Gordon, the law will come into effect on July 1. The new law — W.S. 34-29-107 — titled “Production of private keys; prohibition.” Source: The State of…
“Until now, Push Protocol’s web3 notification services have been limited to Ethereum and Polygon,” said Harsh Rajat, project lead and founder of Push Protocol, in a statement to CryptoX. “We know that BNB Chain is hugely popular with retail investors and are excited to expand our offering to this entirely new segment,” Source ApplicationBNBchainCryptoExpandsMessagingProtocolPushWallet CryptoX Portal
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic Securities Act The largest industrial manufacturer in Europe, Siemens, announced it has become one of the first companies in Germany to issue a digital bond in accordance with the country’s Electronic Securities Act which came into force in June, 2021. The €60-million bond ($64 million) has a maturity of…
The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.” In an emailed statement to Cointelegraph on Feb. 16, Larry Kramer said he co-signed Bankman-Fried’s bail as a way to return the favor. “Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s,” said Kramer. Screenshot of Larry Kramer bio on Hewlett Foundation website. Source: Hewlett Foundation He said that over the…
The world’s largest digital asset exchange, Binance, is preparing to face fines and penalties in order to settle outstanding regulatory and law-enforcement investigations in the United States. According to a Feb. 15 WSJ report citing the firm’s chief strategy officer Patrick Hillmann, Binance has been working with regulators to remedy past compliance issues. Hillmann stated that Binance is “working with regulators to figure out what are the remediations we have to go through now to make amends for that.” He added that the outcome of ongoing investigations will likely be…
Galaxy Digital Holdings CEO, Mike Novogratz, believes there’s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March. According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day and said he would’ve been the “happiest guy” if 2022 ended with BTC at $30,000, but added: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t surprise me if we were at $30,000 by the…