Crypto Publisher

2022-10-26 07:42:02 Binance's CZ plans to stand by Musk's Twitter bid: Bloomberg

Binance CEO Changpeng Zhao plans to honor his financial commitment to Elon Musk's takeover of Twitter even as the prospective deal faces a potential challenge from Washington, Bloomberg reported. When asked during a conference Tuesday in Saudi Arabia whether he would stand by it, Zhao responded: "I think so."

Officials with the Biden administration are considering whether to subject the Twitter deal to national security reviews — along with some of Musk's other ventures — as Bloomberg reported last week. Binance agreed to contribute $500,000 to Musk's $44 billion bid. The crypto exchange is among dozens of investors that also include Qatar’s sovereign wealth fund, venture capital firm Sequoia and Fidelity.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-25 08:10:03 Binance dominates spot and derivative crypto trading, and competition isn't even close

Binance accounted for more than 55% of the spot crypto market over the last 24 hours. With competition remaining fierce among major players in the centralized crypto exchange sector, it is easy to forget that Binance dominates both spot and derivatives trading volume — and its competitors aren't even close to catching up.

Over the last 24 hours, Binance garnered just over 55% of the total spot volume for cryptocurrency exchanges tracked by The Block Research. Only three crypto exchanges accounted for more than 5% — Upbit (6.1%), OKX (5.4%) and Coinbase (5.3%) — while Kucoin and FTX accounted for 4.7% and 4.5%, respectively. Binance's U.S. exchange also beat out FTX.US, with the former garnering 1.4% of the total volume and the latter accounting for 0.6%.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-24 08:13:04 Kazakhstan among top 3 Bitcoin mining destinations after US and China

The top three countries contributing to the Bitcoin hash rate continue to eat away the share of other players, such as Malaysia, Germany and Iran.For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin mining after surpassing Russia back in February 2021.

As of January 2022, Kazakhstan contributed to 13.22% of the total Bitcoin hash rate, positioned right after the historical leaders the United States (37.84%) and China (21.11%), as shown below. Along similar timelines, Cambridge Centre for Alternative Finance data estimated that Kazakhstan’s absolute hash rate contribution (monthly average) was 24.8 exahashes per second (Eh/s). Meanwhile, the US and China contributed 71 Eh/s and 39.6 Eh/s, respectively.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-23 06:19:02 Algorand CTO responds to criticisms of centralization and permissioned nature of blockchain

John Woods, the CTO of Algorand Foundation, has responded to criticism from Justin Bons of Cyber Capital that Algorand is “centralized and permissioned.” Woods accepted some “critical views” but argued that the chain is still decentralized or permissionless.

Bons took to Twitter on October 21 to praise Algorand for its “cutting edge” technology but argued that “permissioned gatekeepers can censor any TX on a whim.” The 25-tweet thread went into detail to say that Algorand is a centralized blockchain controlled by the Algorand Foundation. According to Bons, the relays can act as “gatekeepers to the entire system” as they are “solely responsible for block propagation.”

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-22 07:57:02 Gavin Wood is stepping down as CEO of Parity: Bloomberg

Polkadot co-founder Gavin Wood is stepping down as the CEO of blockchain infrastructure company Parity, according to Bloomberg. He will be replaced by fellow Parity co-founder Björn Wagner. Parity is a key development firm behind the Polkadot blockchain ecosystem.

"The role of CEO has never been one which I have coveted (and this dates back long before Parity," Wood said in a statement sent to Bloomberg. "I can act being CEO well enough for a short while, but it's not where I'm going to find eternal happiness.".Wood is also one of the co-founders of Ethereum as well as a creator of the Kusama network. a key developer of the Polkadot blockchain ecosystem.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-21 08:11:02 Binance gains fourth European approval in Cyprus

Crypto exchange giant Binance has been granted registration as a Crypto Asset Services Provider by Cyprus’ financial regulatory body, the company announced in a statement on Thursday.This is the fourth European country where Binance has gained regulatory approval — following France, Italy and Spain.

“Binance has some of the most thorough AML and CTF compliance policies in the industry,” Changpeng Zhao, Binance’s founder and CEO, said in the announcement. “Recognition of the efforts we have made to be on the leading edge of compliance that our registration in Cyprus represents is testament to that. Effective regulation that protects users and stimulates innovation is essential to the continued growth of our industry,” he continued.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-11 07:50:06 BitBoy Crypto alleges former SEC Director took bribes to label ETH a commodity

Crypto influencer Ben Armstrong (BitBoy Crypto) alleged that former SEC Director William Hinman accepted bribes to declare Ethereum (ETH) a commodity in an Oct. 9 tweet. Armstrong made his statement in reaction to Cardano’s (ADA) founder Charles Hoskinson’s thoughts on the issue of corruption among SEC officials.

According to Hoskinson, Ripple’s lawyers should be arguing that an independent and decentralized token like XRP shouldn’t be declared security instead of implying that the SEC gave ETH a free pass because of corruption. Ripple’s community had suggested that SEC’s former director William Hinman accepted bribes from firms with a financial interest in ETH. According to them, this was why the former director declared that Bitcoin (BTC) and Ethereum were not securities in a 2018 speech.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment

2022-10-10 17:34:13 Crypto Publisher pinned «​​​​ Join @Crypto_Publisher More Crypto News Contact us» Open / Comment

2022-10-10 17:34:09 ​​​​ Join @Crypto_Publisher
More Crypto News
Contact us Open / Comment

2022-10-10 08:31:03 Stablecoin Exchange Flows Could Signal The Next Bull Market

The movement of stablecoins to and from CEX is often a precursor of market momentum, so could be used to signal the end of the bear market. When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchanges as the bear market deepens.

Tether has around 25% of the supply sitting on trading platforms, according to CryptoQuant. For Binance USD, the number is a much higher 70%, and this is probably due to the yield opportunities that Binance offers for its native stablecoin. A regulated stablecoin market with issuers proving their backing through audits could be a green light for institutions that have been waiting on the sidelines so far. This could cause the inflow of stablecoins to exchanges that signals the next bull market. Other crypto-native stablecoins appear to be flowing into exchanges.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus Open / Comment