Binance Withdrawals Double Amid Regulatory Woes Binance has experienced withdrawal of $1.6 billion since Monday. CFTC filed a lawsuit against Binance on March 27 for non-compliance. In the last 24 hours, $852 million left the exchange, double the average daily withdrawal rate. High Outflows Following CFTC Lawsuit On March 27, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit […]
Weiterlesen• This article discussed the increasing value of Bitcoin, which is now above the realized price of every year other than 2021. • Investors who have bought Bitcoin in the past few years are sitting on some profits. • The average withdrawal prices for cohorts established by date were also considered in this chart. Bitcoin Price Above Realized Prices Except […]
Weiterlesen• FTX’s former CEO Sam Bankman-Fried received $2.2 billion in payments and loan from the bankrupt firm, according to a press statement. • Other executives like Nishad Singh, Gary Wang, Caroline Ellison, John Samuel Trabucco and Ryan Salame cumulatively received $1 billion. • FTX is still working on efforts to recoup the bankrupt firm’s assets. FTX Identifies Over $3B Transfer […]
Weiterlesen• Xapo, a regulated European bank, recently announced support for the Lightning Network, putting it on the map. • Sovereign roll-ups allow users to store or hash transactions on the Bitcoin blockchain. • Silvergate’s recent deposit drops highlights the need for crypto companies to find other banking options. Xapo Adopts Lightning Network Xapo, one of the OG companies in the […]
WeiterlesenIntroduction Startup Redeem has recently raised $2.5M in order to enable users to transfer NFTs using popular messaging services such as iMessage, WhatsApp, or SMS. This will make it easier for the next wave of NFTs to enter the mainstream market while eliminating the need for complicated crypto interfaces or gas fees. Redeem Founders The company was founded by Toby […]
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