Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being […]
Huobi Takes a Bold Marketing Gamble by Rebranding to HTX
Huobi has invited community backlash and mockery after rebranding to HTX, a name that resonates with the bankrupt crypto exchange FTX. The crypto exchange Huobi, often surrounded by controversy, has decided to rebrand to HTX. Is it a marketing blunder, or does the team have solid reasoning? Why Did Huobi Rebrand to HTX? According to […]
The Protocol: The CFTC Is Cracking Down on Crypto
Crypto winter continues to be dogged by regulatory attacks and court drama. Most notably, the U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token […]
PayPal Reportedly Overpaid $510,750 In The Largest USD Bitcoin Transaction Fee Ever
In a surprising turn of events, PayPal, the global online payments giant, reportedly overpaid a staggering $510,750 on a Bitcoin transaction fee. The incident, initially thought to be a “fat-fingered” mistake, has now been traced back to an issue within PayPal’s processing system, according to a report by Mempool’s Mononautical. This is the largest fee ever paid […]
Crypto Market Faces $256M in Liquidation Amidst Volatility
The cryptocurrency market has experienced significant turbulence over the past week, with a rapid decline and subsequent rebound in prices leading to a staggering $256 million in liquidation losses. This tumultuous period has left traders and investors on edge, seeking clarity amidst the chaos. According to data from Coinglass, the initial wave of liquidations occurred […]
Bitcoin’s Price and Implied Volatility Correlation Shifts to Negative Territory
In a recent development, the correlation between Bitcoin’s price and its implied volatility has taken a surprising turn. According to data from Velo, the 60-day trailing correlation between BTC’s price and its implied volatility turned negative in the second week of September. By the morning of September 12th, this correlation had plummeted to -0.29. This […]
Movement Labs raises $3.4M to further develop smart contract language Move
Movement Labs said it raised $3.4 million in pre-seed funding to boost the security and adoption of its Web3-based Smart Contract Language, Move. According to a Sept. 13 statement shared with CryptoSlate, Move is a programming language with embedded safeguards that protects projects from common attack vectors like reentrancy that have cost the industry billions […]
Injective and Conflux Have Shown Over 400% Returns in 2023; Borroe.Finance Passes $900K Mark
Aside from the use cases, another thing that makes a crypto project come across as successful is how happy it makes investors. Injective Protocol (INJ) and Conflux (CFX) have seen over a 400% rise in price this year, as Borroe.Finance ($ROE) passes the $900,000 mark in its presale. The Borroe.Finance stride Borroe.Finance ($ROE) is an […]
Crypto’s Interest in Rates
U.S. interest rates are back on the rise, but digital assets appear to be unaffected. It appears crypto investors have been enjoying time away from the trading desk during the late summer months. With some exceptions (a flurry of excitement around potential bitcoin spot ETFs and trading enforcing upper and lower price support levels), they […]
US CFTC Official Advocates for a National Financial Fraud Database
A leading U.S. regulator has recently proposed the establishment of a federal registry. This initiative aims to simplify the process for investors and law enforcement agencies to access information on previous financial fraud convictions and civil penalties. Christy Goldsmith Romero, a commissioner of the Commodity Futures Trading Commission (CFTC), voiced her support for the creation […]