Kamat’s departure follows those of Chief Strategy Officer Patrick Hillmann and Senior Director of Investigations Matthew Price and SVP for Compliance Steven Christie, who both left the company in early July. Source
Binance's Head of Product Departs
Day: September 4, 2023
BTC Use as Margin Collateral in Crypto Futures Trading Is Growing
Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange, known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. The renewed interest in BTC-margined contracts means potential for volatility-boosting liquidations cascades, according to research provider Blockware Intelligence. That occurs when multiple liquidations – or forced closure of positions due to margin shortage – happen consecutively, causing a rapid price change. Source
Gala Games Co-founders Engage in Legal Battle over $130M Theft Issue
In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets. Co-founders of blockchain gaming platform Gala Games have engaged in a legal battle over two separate lawsuits filed in the court. One of the co-founders alleged the theft of $130 million worth of Gala tokens, while the other alleged corporate waste. Last Thursday, August 31, Gala Games co-founders Eric Schiermeyer and Wright Thurston filed lawsuits against each other in the Utah District Court. On behalf of Gala Games, its…
99% of Nigerians are crypto aware — ConsenSys report
A global survey featuring respondents from 15 countries indicates that Africa’s largest economy, Nigeria, has the most cryptocurrency-aware population in the world. ConsenSys and YouGov released the findings from the global Web3 perception survey, which sought to provide both macro and regional insights into the perception of different countries toward cryptocurrencies and the broader Web3 ecosystem. A key takeaway from the data obtained from the qualitative survey was that two African nations rank highest for awareness of cryptocurrencies. According to the survey, 99% of Nigerians and 98% of South Africans are more knowledgeable…
Pepe Coin September Challenge: Can It Reach $0.000001 Again?
Pepe Coin, the meme-inspired cryptocurrency, has faced a recent setback as it failed to sustain support at $0.00000078, casting doubts on its short-term rally prospects. The sellers’ inability to follow through on their downward pressure hints at some wavering in their conviction. The crucial question now is whether the uncertainty will pave the way for buyers to reclaim higher ground this month. As of the latest data from CoinGecko, PEPE currently trades at $0.000000807186, reflecting a 2.8% increase in the past 24 hours. However, over the past seven days, the…
BMW and Mercedes Remain behind Tesla despite Announcing Major Projects
As Mercedes hit the industry by unveiling its latest vehicle, BMW also made a show with its “Vision Neue Klasse”, trying to catch up with Tesla. In recent times, BMW and Mercedes have made moves to catch up with popular EV maker Tesla Inc (NASDAQ: TSLA) as they also handle competition from Chinese players. The German manufacturers are currently facing rising competition from Chinese players, and in addition to dealing with the rivals, BMW and Mercedes are in the race to meet up with Tesla, which has exploded to become…
Indian central bank-backed NPCI begins blockchain recruitment
The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems. NPCI owns and operates the Unified Payments Interface (UPI), India’s home-grown instant payment system that facilitates interbank peer-to-peer and person-to-merchant transactions. A recent LinkedIn job posting confirmed NPCI’s ongoing drive to hire a head of blockchain. NPCI’s job posting for a head of blockchain. Source: LinkedIn…
London Stock Exchange to create traditional assets trading platform on blockchain
The London Stock Exchange (LSE) Group is reportedly planning on creating a blockchain-based platform that will be offering traditional financial assets. According to a report by mainstream media outlet Financial Times, the company has been looking into the potential of a blockchain-based trading venue for a year. LSE Group’s head of capital markets Murray Roos said that the company’s efforts in looking into the blockchain had reached a point where they decided to move their plans forward. London Stock Exchange Group looks to build blockchain-powered trading venue: Financial Times#LSE #London…
Weekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return? After a quiet weekend, the dust has settled on last week’s volatility as crypto markets return to “business as usual.” Bitcoin lingers in familiar territory, but without a trend, traders and analysts remain undecided about its next moves. There is certainly no shortage of downside BTC price predictions, with $25,000, $24,750 and even $23,000 all becoming popular targets in recent weeks. On the other hand, Bulls are thought to have…
Weekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return? After a quiet weekend, the dust has appeared to settle on last week’s volatility as crypto markets return to “business as usual.” Bitcoin finds itself lingering in familiar territory, but without a trend, traders and analysts remain undecided as to its next moves. There is certainly no shortage of downside BTC price predictions — $25,000, $24,750 and even $23,000 have all become popular targets in recent weeks. Bulls, on the…