Binance's BUSD has suffered over $500 million in outflows following the lawsuit brought by the CFTC. However, the impact on the stablecoin was comparatively limited to that seen after the enforcement action on Paxos last month.
Binance has lost more than 10% of its spot market share in 2023. Meanwhile Binance US' market share has slipped below 1%. The recent regulatory crackdown and lawsuits by the CFTC and SEC have been blamed for the tanking market share.
Binance's top executives including the Chief Strategy Officer and General Counsel, have quit the company. The executives blamed their departure at CEO Changpeng Zhao's handling of the investigation by the U.S. Department of Justice.
BitBoy Crypto's parent firm BJ Investment Holdings has fired Ben Armstrong from the company and removed him from the BitBoy Crypto brand citing substance abuse issues.
Last week, the creator of the Bollinger Bands indicator, John Bollinger, claimed that he expected for Bitcoin (BTC) to see a “head fake”. Bollinger was absolutely right. Big shock, eh? Good potential for a Head Fake in $BTCUSD. Wait for it. https://t.co/JR0rYZdUfS — John Bollinger (@bbands) October 16, 2019 For...
Booming Mining Ecosystem When nearly half of Bitcoin’s hash rate — a metric used to describe the level of computational power backing the network and processing BTC transactions — seemingly disappeared overnight earlier this week, investors were quick to express their concerns on online forums. Cornell University professor Emin Gün...
Bitcoin Goes on A Tear Bitcoin has been on an absolute tear over the past week. According to analytics site Coin360, the asset is up around 22% in the past seven days. As of the time of writing this article, the flagship cryptocurrency sits snug at around $11,700 — down $2,300 from...
The pro-blockchain comments from China’s president, Xi Jinping, continue to have a profound effect on the nation’s involvement with Bitcoin, cryptocurrencies, and blockchain technologies, despite the fact that Xi’s remarks are just four days old. Chinese Bank Invests in Bitcoin Wallet The rumors of Bitcoin’s death in China have seemingly...
NYDIG plans to aggressively invest during the ongoing bear market. The company said recent changes in leadership and lay offs are all part of the plan to increase revenue.
