Crypto News

2022-06-23 08:45:09 ⁠Binance U.S. makes BTC trading fee-free as competitors feel the heat

Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future.

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2022-06-22 19:12:40 ⁠Binance-owned Trust Wallet adds buy option via Binance Connect

Binance's self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity.

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2022-06-22 10:38:32 SHIBA in HIGH demand

Shiba Inu beats Tron in a Blistering Rally cracking the top 6 most profitable cryptocurrencies in the past 24 hours. Over 90% of the world gearing up to accept SHIB.

Shiba Inu is now close to catching up with Dai (DAI), a popular decentralized stablecoin that has seen a resurgence following the collapse of rival TerraUSD in early May.

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2022-06-21 18:02:45 Stablecoin USDD has been unable to regain parity with the U.S. dollar for a week now. And on the Huobi exchange rate and even at a moment dropped to $0.84.

Against this backdrop, TRON DAO adds another $10 million in USDD and TRX to its collateral reserves. Open / Comment

2022-06-20 23:02:18 Bybit to reduce up to 30% of workforce amid crypto crash

Crypto exchange Bybit is the latest crypto platform to reduce its headcount. The cuts could be between 20% and 30% of Bybit's total workforce. The Dubai-based firm now has about 2,000 employees.

The exchange is expected to work on removing duplicate functions and creating smaller but more agile teams to increase efficiency.

According to a copy of an internal letter, Bybit CEO Ben Zhou said the firm "grew so fast" and "too comfortable" during the latest bull market. "Our organization size grew exponentially but the overall business growth did not grow in the same way," he said.

Bybit is joining other crypto firms in cutting jobs. Last week, Coinbase said it was laying off 1,100 employees (about 18% of its workforce), while crypto lender BlockFi said it would cut its headcount by more than 400 people (about 20%). Crypto.com announced it will cut about 5% of its workforce, which is about 260 employees.

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2022-06-20 19:32:14 Today, 6.6 billion USDT was burned in a single transaction - CEO Tether said that this is the result of the latest redemptions of 11.1 billion USDT (6.6 billion USDT on the Tron blockchain and 4.5 billion USDT on the Ethereum blockchain).

In simple words: clients withdrew huge amounts in fiat, and Tether burned an identical amount of tokens. Open / Comment

2022-06-20 11:08:56 Reaching a local low below $18,000, bitcoin quotations returned to $20,000. The total volume of liquidations in the futures market during the day amounted to $300 million.

Since the beginning of the month, bitcoin has fallen 36%, Ethereum has fallen 44%, and the Nasdaq100 index has fallen 10%. Open / Comment

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