Tag: Report

Binance Immense XRP Holdings Exposed In POR Report

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Binance, the largest crypto exchange in the world, just released its 11th report for its reserves, and the numbers are staggering as always. According to the report, Binance’s XRP holdings, in particular, have increased in the past month. This is evident, as there have been reports of investors depositing XRP into exchanges in the past month. Binance Releases Proof Of Reserves Showing Massive XRP Holdings According to Binance’s Proof of Reserves report, the exchange holds a staggering amount of XRP to cover 104.15% of customer balances. Binance currently has over 2.738…

CFTC weighs enforcement action against former Voyager Digital CEO: Report

Officials at the United States Commodity Futures Trading Commission (CFTC) were reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. According to an Oct. 6 Bloomberg report, CFTC staff were considering taking action against Ehrlich following an investigation concluding the former CEO violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing. The firm filed for Chapter 11 protection in July 2022 amid the crypto market downturn. Ehrlich was reportedly “angered and perplexed” by the claims: “These allegations appear to be one of…

September’s Nonfarm Payrolls Exceeds Expectations in New Report

The unexpected strength in the labor market presents a dilemma for the Federal Reserve. Policymakers are grappling with the question of whether to raise interest rates further to cool the economy and combat rising inflation. In a welcome development for the US economy, the Labor Department released its monthly Employment Situation Report, revealing that nonfarm payrolls surged by an impressive 336,000 in September. The standout feature of the September jobs report is that the increase in nonfarm payrolls surpassed the Dow Jones consensus estimate of 170,000 by a considerable margin.…

Taiwan aims for crypto law by November: Report

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Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from The Block.  Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading by parliament by the end of November or sooner and that such an act is “necessary” to regulate crypto-related businesses. This comes as lawmakers in Taiwan have growing concerns over activity in offshore markets and…

Binance spot market share drops for 7th consecutive month: Report

Major global cryptocurrency exchange Binance has reportedly continued to lose its market share amid ongoing regulatory issues in the United States. Binance’s spot market share fell for a seventh consecutive month in September 2023, Bloomberg reported on Oct. 5, citing analysis from cryptocurrency data provider CCData According to the report, Binance’s spot market share dropped from 38.5% in August to 34.3% in September. In January 2023, Binance’s spot market share accounted for as much as 55.2%. Binance’s global spot market share percentage chart year-to-date. Source: Bloomberg Apart from the spot…

OpenAI looking at producing AI chips in-house: Report

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OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce hardware. An Oct. 5 Reuters report citing people familiar with the matter said OpenAI has even evaluated an unnamed company as a potential target for an acquisition to help with its AI chip making ambitions. The company has not yet decided if it will move on the acquisition. OpenAI has also been internally discussing a number of other options to address…

Nearly half of crypto users invest to boost living standards: Report

Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards. According to a new survey by crypto exchange Bitget published on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey said improving their living standards is their greatest financial goal when investing in digital assets. Meanwhile, around 36% of respondents in Malaysia and Taiwan said enhancing their family’s quality of life was more important than other aspirations.  Around 27% of female crypto investors in the U.S. and Turkey said…

Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 report

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The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC).  In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021. While the analysts noted that…

Su Zhu’s $36M mansion transformed into eco-farm post-3AC collapse: Report

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Crypto businessman and fugitive Su Zhu’s $36 million luxury real estate in Singapore has been converted into an eco-farm.  According to recent local media reports, Zhu’s residential property in the city-state’s upscale Yarwood Avenue has been rebranded as “Yarwood Homestead” and operated by Abundant Cities, a company his wife, Evelyn Tao, co-founded. Through ecological design and agroecology, the firm transformed the mansion’s gardens into a mini farmland, producing vegetables, herbs, fruits, fish and poultry. In addition, the bungalow’s front lawn has been reworked into 36 vegetable gardens, growing okra, spinach,…

Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report

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Blockchain data analysts from Nansen have revisited the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A Nansen report shared with Cointelegraph reveals unique observations from the blockchain analytics firm, highlighting the close relationship between the two companies founded by Sam Bankman-Fried as the former FTX CEO appears in court to face a litany of charges relating to the collapse of the exchange. The collapse of FTX is widely reported to have been sparked…